Genesis Energy, L.P. Common Units (GEL)

Competitors to Genesis Energy, L.P. Common Units (GEL)

EnLink Midstream, LLC 

EnLink Midstream competes with Genesis Energy primarily in the midstream sector, particularly in gas transportation and logistics. EnLink has diversified its service offerings, providing not just transportation, but also processing and logistics services for natural gas and natural gas liquids. Its integration of logistics solutions and the strategic focus on shale gas resources provide a competitive edge that enables it to meet customer demands flexibly. However, Genesis Energy holds a significant advantage in terms of its established positions in specific markets and its legacy infrastructure for crude oil transport, making them direct rivals in certain operational aspects.

Magellan Midstream Partners, L.P.

Magellan Midstream Partners competes directly with Genesis Energy within the logistics and transportation sector of crude oil and refined petroleum products. Both companies operate extensive pipeline systems for the transportation of hydrocarbons, but Magellan focuses heavily on its long-standing infrastructure and the integration of its operations involving terminaling and storage. In addition, Magellan has built a strong reputation for reliability and efficiency, which often drives customer preference over competitors. Their focus on cost management and maximizing throughput in their existing pipeline systems gives them a strong competitive position.

ONEOK, Inc. 

ONEOK competes with Genesis Energy primarily in the transportation and storage of natural gas and natural gas liquids. With its extensive pipeline network and infrastructure largely focused on natural gas, ONEOK's competitive strategy leans heavily on its comprehensive service offerings and operational flexibility tailored to natural gas markets. This positions them advantageously in regions heavily reliant on natural gas, but Genesis Energy maintains strength in its crude oil and refined product offerings. Thus, while they operate in intersecting sectors, geographic and service focus differentiates their competitive standing.

Plains All American Pipeline, L.P.

Plains All American Pipeline operates in a similar space to Genesis Energy, focusing on transportation and storage of crude oil and natural gas liquids across North America. Their expansive network of pipelines and terminalling facilities allows them to serve a wide range of customers. Plains has an advantage in having a larger footprint and more diversified revenue streams due to their operations extending across multiple energy transition markets. While Genesis Energy offers unique logistical solutions tailored to its customer base, Plains' size and scale provide it with greater market stability and supply chain capabilities, making it a significant competitor.