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Global Partners
(NYSE:GLP)
Global Partners (GLP) vs. SPDR S&P 500 ETF (SPY)
Global Partners Business Overview & Revenue Model
Global Partners Earnings Call Summary
Global Partners Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.75B | 17.16B | 16.49B | 18.88B | 13.25B | 8.32B |
| Gross Profit | 965.14M | 1.06B | 513.83M | 1.10B | 719.26M | 721.14M |
| EBITDA | 424.31M | 389.39M | 356.36M | 565.08M | 244.46M | 285.24M |
| Net Income | 131.98M | 107.69M | 152.51M | 362.21M | 60.80M | 102.21M |
Balance Sheet | ||||||
| Total Assets | 3.47B | 3.79B | 3.45B | 3.16B | 2.83B | 2.54B |
| Cash, Cash Equivalents and Short-Term Investments | 72.82M | 8.21M | 19.64M | 4.04M | 10.85M | 9.71M |
| Total Debt | 1.80B | 2.03B | 1.54B | 1.43B | 1.57B | 1.49B |
| Total Liabilities | 2.70B | 3.07B | 2.65B | 2.37B | 2.30B | 2.05B |
| Stockholders Equity | 762.08M | 713.52M | 798.83M | 788.44M | -1.90M | 1.60M |
Cash Flow | ||||||
| Free Cash Flow | 65.87M | -286.78M | 110.42M | 373.20M | -51.50M | 236.19M |
| Operating Cash Flow | 170.52M | 31.60M | 512.44M | 480.00M | 50.22M | 312.53M |
| Investing Cash Flow | -303.86M | -276.87M | -492.38M | -236.19M | -115.05M | -69.73M |
| Financing Cash Flow | 75.80M | 233.84M | -4.46M | -250.61M | 65.97M | -245.13M |
Global Partners Technical Analysis
Global Partners Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $2.29B | 14.31 | 542.39% | 10.38% | -8.79% | 7.75% | |
67 Neutral | $14.88B | 9.77 | 6.38% | 5.30% | 4.12% | -66.77% | |
67 Neutral | $1.76B | 16.39 | 16.23% | 5.77% | 6.04% | 18.28% | |
55 Neutral | $2.05B | ― | -14.83% | 3.94% | -17.81% | -590.48% | |
50 Neutral | $118.34M | 33.55 | -6.93% | 0.66% | -2.03% | -348.43% | |
44 Neutral | $559.73M | ― | 4.63% | ― | -19.76% | -323.41% | |
41 Neutral | $443.99M | 5.86 | -28.13% | ― | -4.69% | -418.50% |
Global Partners Corporate Events
On June 23, 2025, Global Partners LP and GLP Finance Corp. completed a private placement of $450 million in senior notes due 2033, with an interest rate of 7.125% per annum. The proceeds from this issuance were used to fund a cash tender offer for the company’s outstanding 7.00% senior notes due 2027 and to repay part of the borrowings under the company’s credit agreement. This strategic financial maneuver is expected to optimize the company’s debt structure and potentially improve its financial stability.
The most recent analyst rating on (GLP) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on Global Partners stock, see the GLP Stock Forecast page.
On June 17, 2025, Global Partners LP announced the expiration and results of its cash tender offer to purchase outstanding 7.00% senior notes due 2027, which expired on June 16, 2025. The company received valid tenders for 90.08% of the principal amount, amounting to $360.316 million. Global Partners plans to use proceeds from the issuance of new 7.125% senior unsecured notes due 2033 to finance the purchase of the tendered notes, with the transaction expected to close on June 23, 2025. This move is part of Global’s strategic financial management to optimize its debt structure.
The most recent analyst rating on (GLP) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on Global Partners stock, see the GLP Stock Forecast page.
On June 16, 2025, Global Partners LP announced the pricing terms of a cash tender offer to purchase all outstanding 7.00% senior notes due 2027. The offer, which was scheduled to expire on the same day, is part of a strategic move to manage the company’s debt, with potential implications for its financial stability and market positioning. The company plans to fund the purchase with proceeds from a contemporaneous senior notes offering, and if not all notes are purchased, intends to redeem any remaining notes by August 1, 2025.
The most recent analyst rating on (GLP) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on Global Partners stock, see the GLP Stock Forecast page.
On June 10, 2025, Global Partners LP announced a purchase agreement to sell $450 million in senior notes due 2033, with the proceeds aimed at funding a tender offer for its existing $400 million senior notes due 2027 and repaying part of its credit agreement borrowings. This strategic financial maneuver is expected to optimize the company’s debt profile and potentially enhance its market positioning by addressing its outstanding obligations.
The most recent analyst rating on (GLP) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on Global Partners stock, see the GLP Stock Forecast page.
On June 10, 2025, Global Partners LP announced its intention to initiate a private offering of $400 million in senior unsecured notes due 2033. The proceeds from this offering, along with cash on hand, are intended to fund a cash tender offer to purchase all outstanding $400 million of its 7.00% senior notes due 2027. If the tender offer is not fully completed, Global plans to use the remaining proceeds to redeem any outstanding 2027 notes by August 1, 2025. This strategic financial move is aimed at optimizing the company’s debt structure and potentially improving its financial flexibility.
The most recent analyst rating on (GLP) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on Global Partners stock, see the GLP Stock Forecast page.
On May 25, 2025, Global Partners LP, a company involved in the energy industry, announced the appointment of Thomas P. Jalkut to its Board following the passing of Richard Slifka. Mr. Jalkut, a partner at Nutter McClennen and Fish LLP, brings extensive experience in estate planning and trust administration. Eric Slifka has been appointed as the new Chairman, while Mr. Jalkut will serve as Vice Chairman, potentially impacting the company’s governance and strategic direction.
The most recent analyst rating on (GLP) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on Global Partners stock, see the GLP Stock Forecast page.
On May 8, 2025, Global Partners LP reported strong financial results for the first quarter of 2025, with a net income of $18.7 million compared to a net loss in the same period of 2024. The company’s diversified portfolio, particularly its Wholesale segment, showed robust performance due to favorable market conditions and strategic asset integration. The results highlight Global Partners’ ability to leverage its integrated model and scale to capitalize on market opportunities, positioning it for continued growth and resilience amidst market volatility.
On April 25, 2025, Global Partners LP announced a quarterly cash distribution of $0.7450 per unit for the first quarter of 2025. The distribution, amounting to $2.98 on an annualized basis, will be paid on May 15, 2025, to unitholders of record as of May 9, 2025. This announcement reflects the company’s ongoing commitment to providing value to its stakeholders and maintaining its position as a key player in the energy sector.
On April 14, 2025, Global Partners LP announced a quarterly cash distribution of $0.59375 per unit for its 9.50% fixed-rate Series B preferred units, covering the period from February 15, 2025, to May 14, 2025. This distribution will be paid on May 15, 2025, to unitholders of record as of May 1, 2025. This announcement highlights the company’s commitment to returning value to its investors, while also providing important tax withholding information for non-U.S. investors, indicating the company’s proactive approach to compliance and investor relations.
On April 9, 2025, Global Partners LP announced that Sean T. Geary will resign as Chief Legal Officer effective January 1, 2026, but will remain as a Senior Legal Advisor. Kristin Seabrook will join as Senior Vice President of Legal Transformation on April 14, 2025, and will succeed Geary as Chief Legal Officer on January 1, 2026. Seabrook’s expertise in mergers and acquisitions, compliance, and corporate governance is expected to drive Global’s growth and transformation, supporting its strategy of acquiring, investing, and optimizing to deliver long-term value.