Global Partners (GLP) AI Stock Analysis

• Market Cap: $1.61B
• Dividend Yield: 6.93%
• Average Volume (3M): 43.66K
• Price to Earnings (P/E): 22.6
• Beta (1Y): 0.56
• 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: 33,755
• 30 Day Avg. Volume: 43,665
• PEG Ratio: -0.42
• Price to Book (P/B): 2.21
• Price to Sales (P/S): 0.09
• P/FCF Ratio: -5.49
• Enterprise Value/Market Cap: 2.27
• Enterprise Value/Revenue: 0.20
• Enterprise Value/Gross Profit: 3.92
• Enterprise Value/Ebitda: 9.59
• 1Y Price Target: $45.00
• Price Target Upside: -4.70% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: $48.00 ▲(1.65% Upside)

Global Partners' overall stock score is driven by financial challenges, particularly in cash flow and leverage, despite some strengths in valuation and technical analysis. The earnings call highlighted mixed results, with strategic expansions offset by declines in key financial metrics. The company's commitment to dividends is a positive factor, but operational efficiency and debt management remain critical areas for improvement.

Positive Factors

Wholesale Segment Performance

Strong performance in the Wholesale segment indicates effective market positioning and operational efficiency, supporting long-term revenue growth.

Marine Fuel Supply Expansion

Expanding into new geographic markets like the Gulf Coast enhances GLP's market reach and potential revenue streams, supporting strategic growth.

Loyalty Platform and Retail Innovations

Innovations in retail and customer engagement can drive customer loyalty and increase sales, strengthening GLP's competitive advantage.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase risk, potentially impacting GLP's ability to invest in growth opportunities.

Decline in Net Income and EBITDA

Declining net income and EBITDA suggest challenges in maintaining profitability, which could affect long-term financial health and investor confidence.

Negative Free Cash Flow Growth

Negative free cash flow growth indicates difficulties in generating cash, which can constrain GLP's ability to fund operations and growth initiatives.

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 through multiple streams, primarily from the wholesale and retail sale of fuel products. The company purchases fuel at wholesale prices and sells it to retailers and directly to consumers at marked-up prices. Another significant revenue stream comes from the operation of its convenience stores, where it sells food, beverages, and other retail items. Additionally, GLP benefits from storage and transportation services, charging fees for the logistics of moving fuel. The company has established partnerships with various fuel suppliers and retailers, enhancing its distribution network and market reach, which contributes to its overall profitability.

Global Partners Financial Statement Overview

Summary

Global Partners faces challenges in profitability and cash flow management, with declining margins and negative free cash flow growth. The high leverage poses financial risks, although there is some improvement in return on equity. The company needs to focus on improving operational efficiency and managing debt levels to enhance financial stability.

Income Statement

Global Partners shows moderate revenue growth in the TTM (Trailing-Twelve-Months) with a 1.53% increase. However, the gross profit margin has decreased to 4.29% from 6.16% in 2024, indicating pressure on profitability. The net profit margin has also declined to 0.50%, reflecting challenges in maintaining net income levels. Despite these challenges, the company has managed to maintain a stable EBIT margin of 1.17%.

Balance Sheet

The company has a high debt-to-equity ratio of 2.94, indicating significant leverage, which could pose financial risks. Return on equity has slightly improved to 15.53% in the TTM, showing some efficiency in generating returns from equity. However, the equity ratio remains low, suggesting limited equity financing relative to total assets.

Cash Flow

The cash flow situation is concerning, with a significant negative free cash flow growth rate of -306.06% in the TTM. The operating cash flow to net income ratio is 0.35, indicating challenges in converting net income into cash. Additionally, the free cash flow to net income ratio is 0.71, suggesting limited free cash flow relative to net income.

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	379.34M	389.39M	356.36M	565.08M	244.46M	285.24M
Net Income	87.36M	107.69M	152.51M	362.21M	60.80M	102.21M
Balance Sheet
Total Assets	3.70B	3.79B	3.53B	3.16B	2.83B	2.61B
Cash, Cash Equivalents and Short-Term Investments	17.93M	8.21M	19.64M	4.04M	10.85M	9.71M
Total Debt	2.06B	2.03B	1.54B	1.43B	1.57B	1.49B
Total Liabilities	3.02B	3.07B	2.73B	2.37B	2.30B	2.12B
Stockholders Equity	682.48M	713.52M	798.83M	788.44M	-1.90M	497.67M
Cash Flow
Free Cash Flow	-63.79M	-286.78M	110.42M	373.20M	-51.50M	236.19M
Operating Cash Flow	250.75M	31.60M	512.44M	480.00M	50.22M	312.53M
Investing Cash Flow	-111.31M	-276.87M	-492.38M	-236.19M	-115.05M	-69.73M
Financing Cash Flow	-142.33M	233.84M	-4.46M	-250.61M	65.97M	-245.13M

Global Partners Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 47.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLP, the sentiment is Positive. The current price of 47.22 is above the 20-day moving average (MA) of 44.16, above the 50-day MA of 43.60, and below the 200-day MA of 47.34, indicating a neutral trend. The MACD of 1.02 indicates Negative momentum. The RSI at 64.25 is Neutral, neither overbought nor oversold. The STOCH value of 87.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GLP.

Global Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INSW	72 Outperform	$2.95B	13.58	11.43%	6.12%	-23.59%	-57.70%
DHT	72 Outperform	$2.30B	11.52	18.81%	6.12%	-16.45%	23.94%
TNK	68 Neutral	$2.23B	7.16	17.02%	3.72%	-20.11%	-26.44%
DKL	66 Neutral	$2.66B	16.09	―	9.78%	-1.78%	9.32%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GLP	62 Neutral	$1.61B	22.58	11.24%	6.93%	4.10%	-36.72%
GEL	49 Neutral	$2.03B	-12.92	-11.88%	4.14%	-36.47%	-75.37%

Global Partners Corporate Events

Global Partners Declares Q4 2025 Cash Distribution Update

On January 30, 2026, Global Partners LP announced that the board of its general partner declared a fourth-quarter 2025 cash distribution of $0.7600 per common unit, or $3.04 on an annualized basis, for the period from October 1 to December 31, 2025, payable on February 13, 2026 to unitholders of record as of February 9, 2026. The partnership also issued qualified notice that brokers and nominees should treat 100% of its distributions to non-U.S. investors as effectively connected U.S. trade or business income and in excess of cumulative net income, making those distributions subject to U.S. federal income tax withholding at the highest applicable effective rate plus 10%, with nominees, rather than Global Partners, responsible as withholding agents—an important clarification for tax compliance and after-tax returns of international unitholders.

The most recent analyst rating on (GLP) stock is a Hold with a $46.00 price target. To see the full list of analyst forecasts on Global Partners stock, see the GLP Stock Forecast page.

Global Partners Declares Series B Preferred Quarterly Distribution

On January 12, 2026, Global Partners LP announced that the board of its general partner declared a quarterly cash distribution of $0.59375 per unit ($2.375 on an annualized basis) on its 9.50% fixed-rate Series B preferred units for the period from November 15, 2025 through February 14, 2026, to be paid on February 17, 2026 to Series B preferred unitholders of record as of the opening of business on February 2, 2026. Concurrently, the partnership issued a qualified notice to brokers and nominees for non-U.S. investors stating that 100% of its distributions to non-U.S. unitholders should be treated as effectively connected income and as in excess of cumulative net income, making those distributions subject to U.S. federal income tax withholding at a rate equal to the highest applicable effective tax rate plus 10%, with brokers and nominees, rather than the partnership, responsible for the withholding obligations.

The most recent analyst rating on (GLP) stock is a Hold with a $44.00 price target. To see the full list of analyst forecasts on Global Partners stock, see the GLP Stock Forecast page.

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.