The earnings call reveals a strong first quarter with significant improvements in net income and EBITDA. The wholesale segment and gasoline distribution business performed well, contributing to overall growth. However, there were challenges with decreased station operations product margin and increased expenses. Overall, the highlights notably outweigh the lowlights.

Company Guidance -

Q3 2025

During the Global Partners First Quarter 2025 Financial Results Conference Call, the company provided guidance on several key metrics demonstrating significant growth. Net income for the quarter was $18.7 million, a notable recovery from a net loss of $5.6 million in the previous year. EBITDA rose to $91.9 million from $56.9 million, while adjusted EBITDA increased to $91.1 million from $56 million. Distributable cash flow was $45.7 million, up from $15.8 million, and adjusted ECF reached $46.4 million compared to $16 million last year. The wholesale segment was highlighted as the primary growth driver, with product margin increasing by $44.2 million to $93.6 million. The gasoline distribution product margin rose by $4.2 million to $125.8 million, largely due to improved fuel margins, which increased by $0.02 to $0.35 per gallon. Despite a $4 million decrease in station operations product margin to $62.1 million, the company remained focused on portfolio optimization, including a reduction of 40 company-operated sites. The company also announced an increased quarterly cash distribution on common units to $0.7450 per unit, equating to $2.98 on an annualized basis, reflecting its commitment to returning cash to unitholders.

Strong Financial Performance

Net income for Q1 2025 was $18.7 million, a significant improvement from a net loss of $5.6 million in Q1 2024. EBITDA increased to $91.9 million from $56.9 million, and adjusted EBITDA increased to $91.1 million from $56 million.

Increased Cash Distribution

The Board increased the quarterly cash distribution on common units to $0.7450 per unit, equating to $2.98 on an annualized basis. The distribution will be paid on May 15th to unitholders as of May 9th.

Wholesale Segment Growth

First quarter 2025 product margin in the wholesale segment increased by $44.2 million to $93.6 million, driven by more favorable market conditions and strategic acquisitions of terminals.

Gasoline Distribution Success

Product margin from gasoline distribution increased by $4.2 million to $125.8 million, with fuel margins increasing $0.02 per gallon to $0.35 in Q1 2025 from $0.33 in Q1 2024.

Global Partners (GLP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GLP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	1.09 / -	1.17	―	―	―
Jun 30, 2025	2025 (Q2)	0.60 / 0.55	1.1	-50.00% (-0.55)	―	―
May 08, 2025	2025 (Q1)	-0.03 / 0.36	-0.37	197.30% (+0.73)
Feb 28, 2025	2024 (Q4)	0.24 / 0.52	1.41	-63.12% (-0.89)	―
Nov 08, 2024	2024 (Q3)	1.57 / 1.17	0.6	95.00% (+0.57)
Aug 07, 2024	2024 (Q2)	1.50 / 1.10	1.05	4.76% (+0.05)
May 08, 2024	2024 (Q1)	0.10 / -0.37	0.7	-152.86% (-1.07)
Feb 28, 2024	2023 (Q4)	0.96 / 1.41	1.54	-8.44% (-0.13)	―
Nov 09, 2023	2023 (Q3)	0.69 / 0.60	3.12	-80.77% (-2.52)	―
Aug 04, 2023	2023 (Q2)	1.28 / 1.05	4.61	-77.22% (-3.56)

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

GLP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 30, 2025	$52.55	$52.73	+0.34%
May 08, 2025	$49.40	$47.30	-4.25%
Feb 28, 2025	$55.69	$56.54	+1.53%
Nov 08, 2024	$45.92	$47.28	+2.96%

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.

FAQ

When does Global Partners (GLP) report earnings?

Global Partners (GLP) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is Global Partners (GLP) earnings time?

Global Partners (GLP) earnings time is at Nov 06, 2025, Before Open (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 (Q3) is 1.09.

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