Global Partners LP
- Open
- 51.24
- Day high
- 51.84
- Day low
- 51.22
- Prev close
- 51.35
- Volume
- 14K
- Mkt cap
- $1.8B
- P/E (TTM)
- 10.5
- EPS (TTM)
- $4.93
- P/B
- 2.4
- P/S
- 0.1
- Yield
- 4.45%
- Per share
- $2.30
- ▲Insiders net buying $944K over the last 3 months (4 open-market buys, 0 sales)
- 🏛Institutions reducing (13F)
Global Partners LP (GLP) is a Energy company listed on NYSE. The stock is down 3% over the past year. Over the trailing 3 months, insiders filed 4 open-market buys and 0 sales (SEC Form 4).
Global Partners LP (GLP) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
GLP earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 7, 2026 | $1.24 | $1.86 | +50.0% | $6.8B | -9.5% |
| May 8, 2026 | $0.33 | $1.85 | +460.6% | $5.3B | -23.7% |
| Nov 7, 2025 | $1.09 | $0.66 | -39.4% | $4.7B | -32.3% |
| Aug 7, 2025 | $0.60 | $0.55 | -8.3% | $4.6B | -28.4% |
| May 8, 2025 | $-0.03 | $0.36 | +1300.0% | $4.6B | -23.6% |
| Feb 28, 2025 | $0.24 | $0.52 | +116.7% | $4.2B | -25.9% |
| Nov 8, 2024 | $1.57 | $1.17 | -25.5% | $8.6B | +47.5% |
| May 8, 2024 | $0.10 | $-0.37 | -470.0% | $4.1B | -19.3% |
| Feb 28, 2024 | $0.96 | $1.41 | +47.0% | $4.4B | +0.9% |
| Nov 9, 2023 | $0.69 | $0.60 | -13.0% | $4.2B | -4.1% |
| Aug 4, 2023 | $1.28 | $1.05 | -18.0% | $3.8B | -8.9% |
| May 5, 2023 | $0.65 | $0.70 | +7.7% | $4.0B | -11.3% |
GLP insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 22, 2026 | Global GP LLCother: General Partner | Buy | 5,000 | $43.28 |
| Jun 16, 2026 | Global GP LLCother: General Partner | Buy | 5,000 | $46.50 |
| Jun 11, 2026 | Global GP LLCother: General Partner | Buy | 5,000 | $49.44 |
| Jun 8, 2026 | Global GP LLCother: General Partner | Buy | 5,000 | $49.50 |
| May 29, 2026 | Global GP LLCother: General Partner | Buy | 5,000 | $48.94 |
| May 26, 2026 | Global GP LLCother: General Partner | Buy | 4,184 | $50.05 |
| May 26, 2026 | Global GP LLCother: General Partner | Buy | 5,000 | $51.28 |
| May 20, 2026 | Global GP LLCother: General Partner | Buy | 10,000 | $51.19 |
| May 20, 2026 | Global GP LLCother: General Partner | Buy | 7,500 | $48.86 |
| May 15, 2026 | Global GP LLCother: General Partner | Buy | 5,000 | $48.75 |
| Apr 15, 2026 | Seabrook Kristin K.officer: Chief Legal Officer & Secy. | Option | 3,393 | — |
| Apr 15, 2026 | Seabrook Kristin K.officer: Chief Legal Officer & Secy. | Tax | 1,640 | $45.86 |
| Mar 26, 2026 | Romaine Markofficer: Chief Operating Officer | Sell | 2,065 | $44.80 |
| Mar 23, 2026 | Romaine Markofficer: Chief Operating Officer | Sell | 3,245 | $48.10 |
| Mar 23, 2026 | Romaine Markofficer: Chief Operating Officer | Sell | 2,020 | $48.19 |
Source: GLP SEC Form 4 filings, latest Jun 22, 2026. For informational purposes only — not investment advice.
See the full GLP insider & 13F page →Global Partners LP company profile
Overview
Global Partners LP (NYSE:GLP) is a master limited partnership founded in 2005 and headquartered in Waltham, Massachusetts. The company operates as an integrated energy logistics enterprise serving the northeastern United States, with operations spanning from wholesale fuel distribution to retail gasoline stations and convenience stores. Since its initial public offering in 2005, Global Partners has grown through strategic acquisitions and organic expansion to become a significant player in the regional energy infrastructure market, particularly in New England and the Mid-Atlantic region.
Business
Global Partners operates in the oil and gas midstream sector, which serves as the critical link between upstream oil production and downstream retail consumption. The midstream sector encompasses the transportation, storage, and wholesale distribution of refined petroleum products - essentially moving fuel from refineries to end consumers. The company operates through three primary business segments: 1. Gasoline Distribution and Station Operations (GDSO) - approximately 65-70% of total product margins. This segment includes wholesale distribution of branded and unbranded gasoline to independent station operators, as well as direct operation of company-owned gasoline stations and convenience stores. The company maintains a network of 1,595 fueling stations across its territory, including 295 directly operated convenience stores that offer additional services like car washes, lottery tickets, and ATM services. 2. Wholesale Segment - approximately 25-30% of total product margins. This division focuses on bulk sales of various petroleum products including home heating oil, diesel fuel, kerosene, residual oil, and propane to wholesale distributors, heating oil retailers, and large commercial customers. The segment also handles crude oil aggregation and transportation via rail from mid-continent regions of the United States and Canada. 3. Commercial Segment - approximately 5-10% of total product margins. This segment serves public sector customers, commercial and industrial end-users with direct sales and delivery of unbranded gasoline, heating oil, diesel, and specialized fuel blends including marine bunker fuel. The company's infrastructure backbone consists of 26 bulk storage terminals with a collective capacity of approximately 22 million barrels, following major acquisitions that doubled their storage capacity. These terminals serve as critical distribution hubs throughout New England, the Eastern Seaboard, Florida, the Gulf Coast, and Texas.
Risks & safety
Global Partners presents moderate financial risk with adequate liquidity but elevated leverage ratios typical of midstream energy partnerships. • **Liquidity and Cash Position**: Cash and short-term investments of only $7.5 million as of Q1 2025, indicating tight working capital management. Current ratio of 1.17 suggests adequate short-term liquidity coverage. • **Debt and Leverage**: Debt-to-equity ratio of 3.10 reflects high leverage typical of MLPs but concerning given recent acquisition activity. Leverage ratio of 3.47x EBITDA is within acceptable ranges for the sector but limits financial flexibility. • **Cash Flow Profile**: Negative free cash flow of -$69.5 million in Q1 2025 driven by expansion capital expenditures. Operating cash flow volatility reflects seasonal heating oil demand and commodity price fluctuations. • **Valuation Metrics**: Trading at 24.2x P/E ratio and 10.7x EV/EBITDA, representing reasonable valuations for a stable infrastructure business but elevated relative to recent historical ranges. • **Distribution Coverage**: Distribution coverage ratio of 1.81x provides adequate cushion for the partnership's quarterly distributions, though coverage has declined from historical levels above 2.0x. • **Other Considerations**: Exposure to commodity price volatility, regulatory risks from environmental compliance, and long-term secular headwinds from energy transition create additional uncertainty around cash flow sustainability.
Recent development
Over the past few years, Global Partners has executed a significant expansion strategy focused on doubling its terminal infrastructure capacity and geographic diversification. The company completed major acquisitions including 25 terminals from Motiva Enterprises for $313.2 million with a 25-year take-or-pay throughput agreement, and additional terminals from Gulf Oil, collectively expanding storage capacity from approximately 11 million barrels to 22 million barrels. The company has also pursued geographic expansion beyond its traditional New England base, entering the Texas market through a joint venture with ExxonMobil to acquire and operate 64 convenience stores and fueling facilities in the Houston area. This partnership represents Global Partners' first significant presence in the high-growth Texas market and provides a platform for further expansion in the region. Alternative energy initiatives have become an increasing focus, with the company installing its first electric vehicle charging stations and being selected to work with the Massachusetts Department of Transportation on EV charging infrastructure development. The company has also installed biofuel blending systems at multiple terminals and formed an interdisciplinary team to research hydrogen mobility opportunities, positioning itself for the ongoing energy transition. The company has maintained a strategy of portfolio optimization, continuously evaluating its retail site network for underperforming locations while seeking strategic acquisitions that provide competitive advantages and higher returns. This includes ongoing merchandising improvements across convenience store operations and selective expansion of company-operated retail locations in favorable markets. Recent operational developments include successfully integrating the acquired terminal assets, achieving operational synergies, and maintaining strong distribution coverage ratios that have enabled thirteen consecutive quarterly distribution increases to unitholders.
GLP company profile · for informational purposes only — not investment advice.
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