Genesis Energy GEL reported its Q1 earnings results on Thursday, May 4, 2023 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Genesis Energy missed estimated earnings by 261.54%, reporting an EPS of $-0.21 versus an estimate of $0.13.
Revenue was up $158.66 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.15 which was followed by a 2.91% drop in the share price the next day.
Here's a look at Genesis Energy's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0 | 0.02 | -0.10 | -0.36 |
| EPS Actual | 0.15 | -0.12 | -0.19 | -0.20 |
| Revenue Estimate | 569.60M | 550.37M | 525.40M | 509.37M |
| Revenue Actual | 714.04M | 721.25M | 721.73M | 631.95M |
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0 | 0.02 | -0.10 | -0.36 |
| EPS Actual | 0.15 | -0.12 | -0.19 | -0.20 |
| Revenue Estimate | 569.60M | 550.37M | 525.40M | 509.37M |
| Revenue Actual | 714.04M | 721.25M | 721.73M | 631.95M |
To track all earnings releases for Genesis Energy visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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Posted In: EarningsBZI-Recaps