Why These 15 Energy Stocks Are up the Most So Far in 2025

3. Genesis Energy LP (NYSE:GEL)

Number of Hedge Fund Holders In Q4 2024: 5

Genesis Energy LP (NYSE:GEL) is a midstream energy master limited partnership that provides offshore pipeline transportation, marine transportation, sulfur services, and onshore facilities and transportation, primarily along the Gulf Coast and the Gulf of America/Mexico.

The most significant event driving the stock up in 2025 was the sale of its Alkali Business, which closed on February 28, 2025, netting Genesis approximately $1.01 billion in cash. The company used these proceeds to pay off its senior secured revolving credit facility, call its remaining 8% senior unsecured notes due 2027, and repurchase $250 million of its Class A convertible preferred units.

These actions are expected to save over $120 million in annual cash costs, or about $1.00 per common unit, and significantly simplify the balance sheet. This material event led to a notable stock price move of more than 5% in early March.

Additionally, Genesis is poised to benefit from two major projects in 2025: the expansion of its soda ash facility and the SYNC Pipeline and CHOPs expansion in the Gulf of Mexico. These projects are expected to drive future growth, especially if the soda ash market rebounds.

The consensus price target of $16.5 implies 16.5% upside.

GEL stock is up 42.29% year-to-date.