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Global Partners Lp (GLP)
NYSE:GLP
Earnings Data
Report Date
Aug 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.6Last Year’s EPS
1.1Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 11.38%
|Next Earnings Date:Aug 01, 2025
Earnings Call Sentiment|Positive
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
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.
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
GLP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
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% |
Aug 07, 2024 | $37.10 | $36.82 | -0.75% |
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 Lp (GLP) report earnings?
Global Partners Lp (GLP) is schdueled to report earning on Aug 01, 2025, TBA Not Confirmed.
What is Global Partners Lp (GLP) earnings time?
Global Partners Lp (GLP) earnings time is at Aug 01, 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 (Q2) is 0.6.