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GENESIS ENERGY LP（GEL）与RANGE RESOURCES CORP（RRC）财务数据对比。点击上方公司名可切换其他公司
RANGE RESOURCES CORP的季度营收约是GENESIS ENERGY LP的1.8倍（$786.9M vs $440.8M），RANGE RESOURCES CORP净利率更高（22.8% vs 4.5%，领先18.3%），RANGE RESOURCES CORP同比增速更快（18.0% vs 10.5%），过去两年RANGE RESOURCES CORP的营收复合增速更高（14.6% vs 0.7%）
Genesis Energy LP是一家总部位于美国的中游能源合伙企业，主营原油、天然气、成品油及特种工业原料的基础设施运营与物流服务，旗下资产涵盖管道、仓储码头、海运设施及铁路物流枢纽，为北美地区的炼油厂、工业客户及能源分销商提供服务。
Range Resources Corporation是一家总部位于美国得克萨斯州沃斯堡的天然气勘探开采企业，核心运营区域为马塞勒斯页岩地层，是该地区拥有土地面积最大的运营商，专注于天然气资源的勘探、开发与生产业务，在北美油气开发领域具备深厚的行业积累。
GEL vs RRC — 直观对比
营收规模更大
RRC
是对方的1.8倍
$440.8M
营收增速更快
RRC
高出7.5%
10.5%
净利率更高
RRC
高出18.3%
4.5%
两年增速更快
RRC
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $440.8M | $786.9M |
| 净利润 | $19.9M | $179.1M |
| 毛利率 | — | 94.5% |
| 营业利润率 | 20.4% | — |
| 净利率 | 4.5% | 22.8% |
| 营收同比 | 10.5% | 18.0% |
| 净利润同比 | 140.2% | 88.8% |
| 每股收益（稀释后） | $0.04 | $0.75 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收GELRRC
| Q4 25 | $440.8M | $786.9M | ||
| Q3 25 | $414.0M | $655.3M | ||
| Q2 25 | $377.3M | $699.6M | ||
| Q1 25 | $398.3M | $846.3M | ||
| Q4 24 | $398.9M | $667.0M | ||
| Q3 24 | $397.3M | $567.9M | ||
| Q2 24 | $430.2M | $513.2M | ||
| Q1 24 | $434.4M | $598.8M |
净利润GELRRC
| Q4 25 | $19.9M | $179.1M | ||
| Q3 25 | $9.2M | $144.3M | ||
| Q2 25 | $-406.0K | $237.6M | ||
| Q1 25 | $-469.1M | $97.1M | ||
| Q4 24 | $-49.4M | $94.8M | ||
| Q3 24 | $-17.2M | $50.7M | ||
| Q2 24 | $-8.7M | $28.7M | ||
| Q1 24 | $11.4M | $92.1M |
毛利率GELRRC
| Q4 25 | — | 94.5% | ||
| Q3 25 | — | 92.5% | ||
| Q2 25 | — | 95.0% | ||
| Q1 25 | — | 93.1% | ||
| Q4 24 | — | 93.7% | ||
| Q3 24 | — | 94.3% | ||
| Q2 24 | — | 93.4% | ||
| Q1 24 | — | 94.7% |
营业利润率GELRRC
| Q4 25 | 20.4% | — | ||
| Q3 25 | 19.0% | — | ||
| Q2 25 | 17.9% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 12.2% | — | ||
| Q2 24 | 11.6% | — | ||
| Q1 24 | 13.4% | — |
净利率GELRRC
| Q4 25 | 4.5% | 22.8% | ||
| Q3 25 | 2.2% | 22.0% | ||
| Q2 25 | -0.1% | 34.0% | ||
| Q1 25 | -117.8% | 11.5% | ||
| Q4 24 | -12.4% | 14.2% | ||
| Q3 24 | -4.3% | 8.9% | ||
| Q2 24 | -2.0% | 5.6% | ||
| Q1 24 | 2.6% | 15.4% |
每股收益（稀释后）GELRRC
| Q4 25 | $0.04 | $0.75 | ||
| Q3 25 | $-0.05 | $0.60 | ||
| Q2 25 | $-0.12 | $0.99 | ||
| Q1 25 | $-4.06 | $0.40 | ||
| Q4 24 | $-0.58 | $0.38 | ||
| Q3 24 | $-0.32 | $0.21 | ||
| Q2 24 | $-0.25 | $0.12 | ||
| Q1 24 | $-0.09 | $0.38 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $6.4M | $204.0K |
| 总债务越低越好 | $3.0B | $1.2B |
| 股东权益账面价值 | — | $4.3B |
| 总资产 | $4.9B | $7.4B |
| 负债/权益比越低杠杆越低 | — | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资GELRRC
| Q4 25 | $6.4M | $204.0K | ||
| Q3 25 | $4.9M | $175.0K | ||
| Q2 25 | $4.5M | $134.0K | ||
| Q1 25 | $377.4M | $344.6M | ||
| Q4 24 | $7.4M | $304.5M | ||
| Q3 24 | $13.0M | $277.4M | ||
| Q2 24 | $13.7M | $251.1M | ||
| Q1 24 | $7.0M | $343.1M |
总债务GELRRC
| Q4 25 | $3.0B | $1.2B | ||
| Q3 25 | $3.1B | $1.2B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $3.4B | $1.7B | ||
| Q4 24 | $3.7B | $1.7B | ||
| Q3 24 | $4.0B | $1.7B | ||
| Q2 24 | $3.9B | $1.7B | ||
| Q1 24 | $3.8B | $1.8B |
股东权益GELRRC
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $4.2B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.8B |
总资产GELRRC
| Q4 25 | $4.9B | $7.4B | ||
| Q3 25 | $4.9B | $7.2B | ||
| Q2 25 | $4.8B | $7.1B | ||
| Q1 25 | $5.2B | $7.4B | ||
| Q4 24 | $7.0B | $7.3B | ||
| Q3 24 | $7.1B | $7.2B | ||
| Q2 24 | $7.0B | $7.3B | ||
| Q1 24 | $6.9B | $7.4B |
负债/权益比GELRRC
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.44× | ||
| Q1 24 | — | 0.46× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $110.8M | $257.5M |
| 自由现金流经营现金流 - 资本支出 | $87.0M | — |
| 自由现金流率自由现金流/营收 | 19.7% | — |
| 资本支出强度资本支出/营收 | 5.4% | — |
| 现金转化率经营现金流/净利润 | 5.58× | 1.44× |
| 过去12个月自由现金流最近4个季度 | $65.9M | — |
8季度趋势，按日历期对齐
经营现金流GELRRC
| Q4 25 | $110.8M | $257.5M | ||
| Q3 25 | $70.3M | $247.5M | ||
| Q2 25 | $47.0M | $336.2M | ||
| Q1 25 | $24.8M | $330.1M | ||
| Q4 24 | $74.0M | $217.9M | ||
| Q3 24 | $87.3M | $245.9M | ||
| Q2 24 | $104.7M | $148.8M | ||
| Q1 24 | $125.9M | $331.9M |
自由现金流GELRRC
| Q4 25 | $87.0M | — | ||
| Q3 25 | $43.3M | — | ||
| Q2 25 | $-7.6M | — | ||
| Q1 25 | $-56.8M | — | ||
| Q4 24 | $-47.1M | — | ||
| Q3 24 | $-32.3M | — | ||
| Q2 24 | $-67.5M | — | ||
| Q1 24 | $-48.3M | — |
自由现金流率GELRRC
| Q4 25 | 19.7% | — | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | -2.0% | — | ||
| Q1 25 | -14.3% | — | ||
| Q4 24 | -11.8% | — | ||
| Q3 24 | -8.1% | — | ||
| Q2 24 | -15.7% | — | ||
| Q1 24 | -11.1% | — |
资本支出强度GELRRC
| Q4 25 | 5.4% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 14.5% | — | ||
| Q1 25 | 20.5% | — | ||
| Q4 24 | 30.3% | — | ||
| Q3 24 | 30.1% | — | ||
| Q2 24 | 40.0% | — | ||
| Q1 24 | 40.1% | — |
现金转化率GELRRC
| Q4 25 | 5.58× | 1.44× | ||
| Q3 25 | 7.63× | 1.72× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 3.40× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 4.85× | ||
| Q2 24 | — | 5.18× | ||
| Q1 24 | 11.09× | 3.60× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
GEL
| Onshore Facilities And Transportation Revenue | $204.2M | 46% |
| Offshore Pipeline Transportation Revenue | $154.3M | 35% |
| Marine Transportation Revenue | $82.2M | 19% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
