Global Partners (GLP) AI Stock Analysis

• Market Cap: $1.50B
• Dividend Yield: 6.8%
• Average Volume (3M): 47.55K
• Price to Earnings (P/E): 21.0
• Beta (1Y): 0.61
• 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: 31,469
• 30 Day Avg. Volume: 47,554
• 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: 2.51
• Enterprise Value/Revenue: 0.21
• Enterprise Value/Gross Profit: 4.05
• Enterprise Value/Ebitda: 9.90
• 1Y Price Target: $45.00
• Price Target Upside: 2.32% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: $43.00 ▼(-2.23% Downside)

The overall stock score of 57 reflects significant challenges in financial performance, particularly in cash flow management and profitability. Technical indicators suggest bearish momentum, while valuation remains a relative strength due to a high dividend yield. The earnings call highlighted both strategic expansions and operational challenges, contributing to a mixed outlook.

Positive Factors

Wholesale Segment Performance

The strong performance in the Wholesale segment indicates robust market demand and effective operational strategies, which can drive long-term revenue growth and stability.

Marine Fuel Supply Expansion

Expanding marine fuel supply operations into new regions enhances market reach and diversifies revenue streams, supporting long-term growth and competitive positioning.

Loyalty Platform and Retail Innovations

Innovations in retail and loyalty programs can increase customer retention and sales, strengthening the company's market position and revenue potential over time.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase risk, potentially impacting the company's ability to invest in growth opportunities and weather economic downturns.

Decline in Net Income and EBITDA

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

Negative Free Cash Flow Growth

Negative free cash flow growth indicates difficulties in generating cash from operations, potentially constraining the company's ability to fund expansions and pay down debt.

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.

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: Neutral
• Last Price: 43.98
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLP, the sentiment is Neutral. The current price of 43.98 is above the 20-day moving average (MA) of 42.83, below the 50-day MA of 44.59, and below the 200-day MA of 49.00, indicating a neutral trend. The MACD of -0.41 indicates Negative momentum. The RSI at 53.21 is Neutral, neither overbought nor oversold. The STOCH value of 70.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GLP.

Global Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TNK	78 Outperform	$1.99B	6.40	17.02%	3.47%	-20.11%	-26.44%
INSW	76 Outperform	$2.62B	12.06	11.43%	6.24%	-23.59%	-57.70%
DKL	73 Outperform	$2.45B	14.84	―	9.71%	-1.78%	9.32%
DHT	72 Outperform	$2.09B	10.48	18.81%	5.68%	-16.45%	23.94%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GLP	57 Neutral	$1.50B	21.03	11.24%	6.80%	4.10%	-36.72%
GEL	49 Neutral	$1.91B	―	-11.88%	4.23%	-36.47%	-75.37%

Global Partners Corporate Events

Global Partners’ Earnings Call: Mixed Results and Strategic Moves

Global Partners’ recent earnings call painted a mixed picture for investors, with notable strengths and weaknesses. The company showcased strong performance in its Wholesale segment and strategic expansions, yet faced challenges with declining net income, distributable cash flow, and GDSO product margins. Additionally, there was an increase in SG&A expenses and a decrease in retail site count, reflecting a complex financial landscape.

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.