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Global Partners Lp (GLP)
NYSE:GLP
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.37Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 28, 2025
|% Change Since: 1.52%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with significant achievements in terminal expansion and strategic growth, countered by declines in EBITDA and increased expenses. Despite some financial challenges, the company remains well-positioned for future growth due to strategic investments and a robust operational framework.Company Guidance
During the Global Partners Fourth Quarter and Full Year 2024 Financial Results Conference Call, several key metrics and strategic developments were highlighted. The company expanded its storage capacity to approximately 22 million barrels by integrating 30 new terminals across various regions, supported by $528 million in strategic investments. The wholesale segment showed strong growth with a $90 million increase in product margin, while the GDSO (Gasoline Distribution and Station Operations) product margin increased by nearly $26 million for the year. Despite a decrease in adjusted EBITDA from $112.1 million in Q4 2023 to $97.8 million in Q4 2024, the retail fuel margin environment remained above historical averages. Additionally, the company declared a distribution of $0.74 per common unit, marking the thirteenth consecutive quarterly increase. Looking ahead, Global Partners LP expects maintenance capital expenditures for 2025 to be between $60 million to $70 million and expansion capital expenditures to range from $75 million to $85 million. The company also expressed confidence in its ability to navigate potential tariffs on oil and gas imports, emphasizing the flexibility of its supply system.Expansion and Integration of Terminals
Global Partners integrated thirty new terminals across various regions, doubling storage capacity to approximately twenty-two million barrels. This includes terminals acquired in December 2023, supported by a 25-year contract with Motiva Enterprises.
Robust Segment Growth
The wholesale segment product margin increased by $90 million, while the GDSO product margin rose by almost $26 million for the year, demonstrating strong growth despite challenging conditions.
Successful Distribution and Financial Position
The board declared a $0.74 distribution on common units, marking the thirteenth consecutive quarterly increase, reflecting a strong financial position.
Strategic Positioning for Future Opportunities
Global Partners expanded its operating footprint and strengthened its asset base, preparing to leverage supply, terminalling, and marketing expertise for future growth opportunities.
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GLP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GLP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 28, 2025 | $56.57 | $57.43 | +1.52% |
| Nov 08, 2024 | $46.65 | $48.02 | +2.94% |
| Aug 07, 2024 | $37.69 | $37.40 | -0.77% |
| May 08, 2024 | $45.49 | $43.16 | -5.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Global Partners Lp (GLP) report earnings?
Global Partners Lp (GLP) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is Global Partners Lp (GLP) earnings time?
Global Partners Lp (GLP) earnings time is at May 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GLP EPS forecast?
GLP EPS forecast for the fiscal quarter 2025 (Q1) is -0.05.
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