Genesis Energy, L.P.

GEL: Is Genesis Energy, L.P. Halal?

Genesis Energy, L.P.

NYSEEnergyUS

$14.56

-2.48%

Market Cap: 1.8B

Compliance Status

Not Halal

Screened on Jul 20, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Genesis Energy, L.P. (GEL) halal? Not Halal. Based on AAOIFI screening, Genesis Energy, L.P. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

170.9% of 30.0% limit

What this means for you

Most scholars advise not holding GEL

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Genesis Energy, L.P.

Genesis Energy, L.P. is a key player in the midstream sector of the crude oil and natural gas industry. Its Offshore Pipeline Transportation segment is dedicated to the movement and handling of crude oil and natural gas via offshore pipelines. This includes providing deepwater pipeline maintenance services, particularly in the southern Keathley Canyon region of the Gulf of Mexico. The company holds interests in approximately 1,422 miles of crude oil pipelines located in the offshore Gulf of Mexico. The Sodium Minerals and Sulfur Services segment specializes in offering sulfur-extraction solutions to refining operations and manages associated storage and transportation assets. This division provides its expertise to ten refining operations and supplies sodium hydrosulfide and caustic soda to industrial and commercial entities, especially those involved in mining base metals. Through its Onshore Facilities and Transportation segment, Genesis Energy delivers a range of services to Gulf Coast crude oil refineries and producers. These services encompass the acquisition, transportation, storage, blending, and marketing of crude oil and refined products. The segment's infrastructure includes trucks, trailers, railcars, terminals, and tankage with a substantial 4.2 million barrels of storage capacity spread across various sites along the Gulf Coast. It also owns four onshore crude oil pipeline systems, collectively stretching about 450 miles across Alabama, Florida, Louisiana, Mississippi, and Texas. Additionally, this segment operates four crude oil rail unloading facilities, located in Baton Rouge and Raceland, Louisiana; Walnut Hill, Florida; and Natchez, Mississippi. The Marine Transportation segment handles the waterborne transport of petroleum and crude oil throughout North America. It commands a fleet of 91 barges, offering a combined transportation capacity of 3.2 million barrels, supported by 42 push/tow boats. Furthermore, Genesis Energy also produces natural soda ash. Genesis Energy, LLC serves as the company's general partner. The firm was established in 1996 and maintains its headquarters in Houston, Texas.

Sector: Energy · Industry: Oil & Gas Midstream

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: Q1 2026Data source: EDGAR

Halal Alternatives in Energy

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Frequently Asked Questions

Is Genesis Energy, L.P. (GEL) halal to invest in?
Genesis Energy, L.P. (GEL) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Genesis Energy, L.P. get a F compliance rating?
Genesis Energy, L.P. (GEL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 170.9% (limit 30%); interest-bearing deposits of 0.4% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Genesis Energy, L.P.'s Shariah verdict?
Genesis Energy, L.P.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Genesis Energy, L.P. re-screened for Shariah compliance?
Genesis Energy, L.P. (GEL) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 20, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.