Global Partners (GLP) AI Stock Analysis

• Market Cap: $1.43B
• Dividend Yield: 7.09%
• Average Volume (3M): 48.16K
• Price to Earnings (P/E): 16.2
• Beta (1Y): 0.58
• Revenue Growth: 4.10%
• EPS Growth: -36.72%
• Country: US
• Employees: 3,300
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): 0.66
• Shares Outstanding: 33,996,000
• 10 Day Avg. Volume: 44,765
• 30 Day Avg. Volume: 48,161
• PEG Ratio: -0.93
• Price to Book (P/B): 2.21
• Price to Sales (P/S): 0.09
• P/FCF Ratio: -5.49
• Enterprise Value/Market Cap: 2.62
• Enterprise Value/Revenue: 0.21
• Enterprise Value/Gross Profit: 4.05
• Enterprise Value/Ebitda: 10.93
• 1Y Price Target: $53.00
• Price Target Upside: 25.68% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: $53.00 ▲(25.68% Upside)

Global Partners' stock score is influenced by its strong revenue growth and attractive dividend yield, but is tempered by challenges in profitability, high leverage, and bearish technical indicators. The earnings call highlighted both strategic expansions and financial pressures, contributing to a balanced but cautious outlook.

Positive Factors

Revenue Growth

Strong revenue growth indicates effective market penetration and demand for GLP's products, supporting long-term business expansion.

Cash Flow Improvement

Improved cash flow generation enhances GLP's ability to invest in growth opportunities and manage debt, contributing to financial resilience.

Strategic Expansion

Expansion into new markets like the Gulf Coast strengthens GLP's competitive position and diversifies revenue streams, supporting long-term growth.

Negative Factors

High Leverage

High leverage poses risks to financial stability, potentially limiting GLP's ability to invest in growth and manage economic downturns.

Decline in Profitability

Declining profitability may impact GLP's ability to sustain operations and invest in future growth, challenging long-term financial health.

Decreased Distributable Cash Flow

Reduced cash flow limits GLP's capacity to return capital to shareholders and reinvest in business initiatives, affecting financial flexibility.

Global Partners Business Overview & Revenue Model

Company Description

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states, Mid-Atlantic region, and New York. The company is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. Its Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, residual oil, and propane to home heating oil retailers and wholesale distributors. It also aggregates crude oil through truck or pipeline in the mid-continent region of the United States and Canada, as well as transports it through rail and ships it through barge to refiners. The company's Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates gasoline stations and convenience stores; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. Its Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to customers in the public sector, as well as to commercial and industrial end-users; and sells custom blended fuels. As of December 31, 2021, the company had a portfolio of 1,595 owned, leased, and supplied gasoline stations, which included 295 directly operated convenience stores; and owned, leased, or maintained storage facilities at 26 bulk terminals with a collective storage capacity of 11.9 million barrels. Global GP LLC serves as the general partner of the company. The company was incorporated in 2005 and is based in Waltham, Massachusetts.

How the Company Makes Money

Global Partners generates revenue primarily through the sale of petroleum products, including gasoline, diesel, and heating oil. Key revenue streams include wholesale fuel distribution to convenience stores, commercial customers, and government entities. Additionally, GLP earns income from its extensive network of retail service stations, where it sells fuel directly to consumers. The company also benefits from terminal operations, which involve the storage and transportation of fuel products. Significant partnerships with major oil companies and local distributors enhance GLP's market reach and logistics capabilities, contributing to its overall earnings. Furthermore, GLP is expanding its revenue model by investing in renewable energy projects and offering cleaner energy alternatives, positioning itself for growth in the evolving energy landscape.

Global Partners Financial Statement Overview

Summary

Global Partners demonstrates robust revenue growth but faces challenges with profitability and leverage. The company's ability to generate cash flow has improved, but high debt levels remain a concern. Strategic focus on improving margins and reducing leverage could enhance financial stability and performance.

Income Statement

Global Partners shows a mixed performance in its income statement. The company has experienced significant revenue growth in the TTM period, indicating strong top-line expansion. However, margins have been under pressure, with gross profit and net profit margins declining compared to previous periods. The EBIT and EBITDA margins have also decreased, reflecting challenges in maintaining operational efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, indicating significant leverage, which poses a risk in terms of financial stability. Return on equity has improved slightly, but the equity ratio remains low, suggesting limited equity financing. The company needs to manage its debt levels to improve financial health.

Cash Flow

Cash flow analysis shows a strong recovery in free cash flow growth in the TTM period, which is a positive sign. The operating cash flow to net income ratio has improved, indicating better cash generation relative to net income. However, the free cash flow to net income ratio suggests that cash flow generation is still not fully aligned with profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	18.10B	17.16B	16.49B	18.88B	13.25B	8.32B
Gross Profit	927.16M	1.06B	973.64M	1.10B	719.26M	721.14M
EBITDA	343.62M	389.39M	356.36M	565.08M	244.46M	285.24M
Net Income	85.58M	107.69M	152.51M	362.21M	60.80M	102.21M
Balance Sheet
Total Assets	3.70B	3.79B	3.45B	3.16B	2.83B	2.54B
Cash, Cash Equivalents and Short-Term Investments	17.93M	8.21M	19.64M	4.04M	10.85M	9.71M
Total Debt	1.56B	2.03B	1.54B	1.43B	1.57B	1.49B
Total Liabilities	3.02B	3.07B	2.65B	2.37B	2.30B	2.05B
Stockholders Equity	682.48M	713.52M	798.83M	788.44M	-1.90M	1.60M
Cash Flow
Free Cash Flow	-38.38M	-286.78M	110.42M	373.20M	-51.50M	236.19M
Operating Cash Flow	256.45M	31.60M	512.44M	480.00M	50.22M	312.53M
Investing Cash Flow	-90.94M	-276.87M	-492.38M	-236.19M	-115.05M	-69.73M
Financing Cash Flow	-145.51M	233.84M	-4.46M	-250.61M	65.97M	-245.13M

Global Partners Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 42.17
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLP, the sentiment is Negative. The current price of 42.17 is below the 20-day moving average (MA) of 45.05, below the 50-day MA of 47.81, and below the 200-day MA of 50.59, indicating a bearish trend. The MACD of -0.93 indicates Positive momentum. The RSI at 28.70 is Positive, neither overbought nor oversold. The STOCH value of 36.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GLP.

Global Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DHT	77 Outperform	$2.14B	10.73	18.81%	5.98%	-16.45%	23.94%
INSW	76 Outperform	$2.63B	12.14	11.43%	6.24%	-23.59%	-57.70%
TNK	76 Outperform	$2.10B	6.77	17.02%	3.28%	-20.11%	-26.44%
DKL	73 Outperform	$2.39B	15.13	―	9.96%	-1.78%	9.32%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GLP	60 Neutral	$1.43B	16.19	10.66%	7.09%	4.10%	-36.72%
GEL	49 Neutral	$1.98B	―	-11.88%	4.09%	-36.47%	-75.37%

Global Partners Corporate Events

Global Partners LP Reports Q3 2025 Financial Results

Global Partners LP, a Fortune 500 company, is a leading integrated owner, supplier, and operator of liquid energy terminals, fueling locations, and retail experiences across the Northeast, Mid-Atlantic, and Texas. The company is recognized for its extensive terminal network and focus on energy distribution, including gasoline, distillates, and renewable fuels.

Global Partners Reports Strong Q3 2025 Wholesale Performance

Global Partners reported its third-quarter 2025 financial results, highlighting strong performance in its Wholesale segment due to the expansion of its terminal network. Despite a decrease in net income and EBITDA compared to the same period in 2024, the company remains focused on disciplined operations and asset optimization to drive sustainable growth. The Gasoline Distribution and Station Operations segment experienced lower fuel margins, but total sales increased to $4.7 billion, with a notable rise in wholesale segment sales and volume.

The most recent analyst rating on (GLP) stock is a Hold with a $53.00 price target. To see the full list of analyst forecasts on Global Partners stock, see the GLP Stock Forecast page.

Global Partners Announces Quarterly Cash Distribution

On October 28, 2025, Global Partners LP announced a quarterly cash distribution of $0.7550 per unit for the period from July 1, 2025, through September 30, 2025. The distribution will be paid on November 14, 2025, to unitholders of record as of November 10, 2025. This announcement includes a notice for brokers and nominees handling units for non-U.S. investors, indicating that distributions are subject to federal income tax withholding.

The most recent analyst rating on (GLP) stock is a Hold with a $53.00 price target. To see the full list of analyst forecasts on Global Partners stock, see the GLP Stock Forecast page.

Global Partners Announces Quarterly Cash Distribution

On October 14, 2025, Global Partners LP announced a quarterly cash distribution of $0.59375 per unit on its 9.50% fixed-rate Series B preferred units for the period from August 15 to November 14, 2025. The distribution will be paid on November 17, 2025, to unitholders of record as of November 3, 2025. This announcement underscores Global Partners’ commitment to providing returns to its investors and reflects its stable financial performance. Additionally, the company provided withholding information for non-U.S. investors, indicating the distributions are subject to federal income tax withholding.

The most recent analyst rating on (GLP) stock is a Hold with a $53.00 price target. To see the full list of analyst forecasts on Global Partners stock, see the GLP Stock Forecast page.