Global Partners LP Company Profile (NYSE:GLP)

About Global Partners LP

Global Partners LP logoGlobal Partners LP is a midstream logistics and marketing company. The Company is engaged in the purchasing, selling and logistics of transporting petroleum and related products, including domestic and Canadian crude oil, gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, natural gas and propane. It operates through three segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. Its Wholesale segment engages in the logistics of selling, gathering, storage and transportation of refined petroleum products, renewable fuels, crude oil and propane. In the GDSO segment, gasoline distribution includes sales of branded and unbranded gasoline to gasoline station operators and sub jobbers. Its Commercial segment includes sales and deliveries to end user customers in the public sector and to commercial and industrial end users of unbranded gasoline, home heating oil, diesel, kerosene, residual oil, bunker fuel and natural gas.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Basic Materials Wholesale
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: GLP
  • CUSIP:
Key Metrics:
  • Previous Close: $19.25
  • 50 Day Moving Average: $20.38
  • 200 Day Moving Average: $17.11
  • 52-Week Range: $33,533,000.00 - $12.28
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 275.00
  • P/E Growth: 0.12
  • Market Cap: $645.51M
  • Outstanding Shares: 33,533,000
  • Beta: 1.01
  • Net Margins: -1.68%
  • Return on Equity: -2.65%
  • Return on Assets: -0.64%
  • Debt-to-Equity Ratio: 2.20%
  • Current Ratio: 1.48%
  • Quick Ratio: 0.72%
Additional Links:
Companies Related to Global Partners LP:

Analyst Ratings

Consensus Ratings for Global Partners LP (NYSE:GLP) (?)
Ratings Breakdown: 1 Sell Rating, 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $18.25 (5.19% downside)

Analysts' Ratings History for Global Partners LP (NYSE:GLP)
DateFirmActionRatingPrice TargetDetails
2/7/2017Stifel NicolausBoost Price TargetBuy$19.00 -> $25.00View Rating Details
11/9/2016Mitsubishi UFJ Financial GroupReiterated RatingNeutral -> Underweight$16.00View Rating Details
8/16/2016Barclays PLCBoost Price TargetEqual Weight$14.00 -> $16.00View Rating Details
4/19/2016J P Morgan Chase & CoLower Price TargetNeutral$37.00 -> $16.00View Rating Details
1/29/2016Citigroup Inc.DowngradeNeutral$31.00 -> $20.00View Rating Details
12/8/2015Mitsubishi UFJ Financial Group IncReiterated RatingNeutralView Rating Details
11/11/2015FBR & CoLower Price TargetMarket Perform$36.00 -> $33.00View Rating Details
9/21/2015Royal Bank of CanadaLower Price TargetOutperform$43.00 -> $41.00View Rating Details
5/8/2015MLV & Co.Reiterated RatingHoldView Rating Details
(Data available from 2/27/2015 forward)


Earnings History for Global Partners LP (NYSE:GLP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/7/2016Q316$0.01($3.54)$2.45 billion$2.03 billionViewListenView Earnings Details
8/8/2016Q216($0.18)($0.22)$2.18 billion$2.10 billionViewListenView Earnings Details
5/9/2016Q116($0.13)($0.21)$2.30 billion$1.75 billionViewListenView Earnings Details
2/29/2016Q415($0.10)($0.07)$2.73 billion$2.20 billionViewListenView Earnings Details
11/5/2015Q315$0.35$0.16$3.01 billion$2.49 billionViewListenView Earnings Details
8/6/2015Q215$0.12$0.15$3.50 billion$2.70 billionViewListenView Earnings Details
5/7/2015Q115$0.57$0.92$4.73 billion$3.00 billionViewListenView Earnings Details
3/12/2015Q414$0.46$0.93$4.43 billion$3.53 billionViewListenView Earnings Details
11/6/2014Q314$0.15$1.50$5.05 million$4.05 billionViewListenView Earnings Details
8/7/2014Q214($0.13)($0.50)$4.91 billion$4.57 billionViewListenView Earnings Details
5/8/2014Q114$0.48$1.20$5.35 billion$4.80 billionViewListenView Earnings Details
3/31/2014Q413$0.48$1.20$5.59 billion$4.80 billionViewListenView Earnings Details
11/7/2013Q313$0.38$0.09$4.93 billion$4.43 billionViewListenView Earnings Details
8/8/2013Q2 2013$0.76$0.29$5.43 billion$4.77 billionViewListenView Earnings Details
5/9/2013Q1 2013$0.45$0.51$4.23 billion$5.59 billionViewListenView Earnings Details
3/14/2013Q4 2012$0.50$0.81$4.36 billion$5.10 billionViewListenView Earnings Details
11/8/2012Q312$0.36$0.24$3.74 billion$4.62 billionViewN/AView Earnings Details
8/8/2012$0.32$0.66ViewN/AView Earnings Details
5/8/2012$0.24($0.06)ViewN/AView Earnings Details
3/8/2012$0.43$0.45ViewN/AView Earnings Details
11/3/2011($0.11)$0.08ViewN/AView Earnings Details
8/4/2011($0.08)($0.04)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Global Partners LP (NYSE:GLP)
Current Year EPS Consensus Estimate: $-5.47 EPS
Next Year EPS Consensus Estimate: $0.07 EPS


Current Dividend Information for Global Partners LP (NYSE:GLP)
Annual Dividend:$1.85
Dividend Yield:9.61%
Dividend Growth:-7.50% (3 Year Average)
Payout Ratio:-45.79% (Based on Trailing 12 Months of Earnings)
-33.82% (Based on Current Year Consensus EPS Estimate)
2,642.86% (Based on Next Year Consensus EPS Estimate)

Dividend History for Global Partners LP (NYSE:GLP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Global Partners LP (NYSE:GLP)
Insider Ownership Percentage: 41.50%
Institutional Ownership Percentage: 37.76%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/24/2015Alfred A SlifkaMajor ShareholderSell879,373$17.20$15,125,215.60View SEC Filing  
9/14/2015Global Gp LlcinsiderBuy19,689$30.49$600,317.61View SEC Filing  
9/10/2015Global Gp LlcInsiderBuy9,877$30.57$301,939.89View SEC Filing  
9/9/2015Global Gp LlcInsiderBuy10,000$31.83$318,300.00View SEC Filing  
9/4/2015Global Gp LlcInsiderBuy3,400$32.01$108,834.00View SEC Filing  
9/3/2015Global Gp LlcinsiderBuy3,747$31.66$118,630.02View SEC Filing  
9/2/2015Daphne H. FosterCFOBuy2,000$31.18$62,360.00View SEC Filing  
8/13/2015Kenneth I WatchmakerDirectorBuy3,800$31.60$120,080.00View SEC Filing  
3/23/2015Global Gp LlcInsiderBuy44,800$37.84$1,695,232.00View SEC Filing  
3/19/2015Global Gp LlcInsiderBuy20,525$36.29$744,852.25View SEC Filing  
12/24/2014Global Gp LlcInsiderBuy3,100$34.44$106,764.00View SEC Filing  
12/23/2014Global Gp LlcInsiderBuy38,643$33.91$1,310,384.13View SEC Filing  
12/19/2014Global Gp LlcInsiderBuy80,000$34.84$2,787,200.00View SEC Filing  
9/8/2014Global Gp LlcInsiderBuy1,302$39.92$51,975.84View SEC Filing  
8/15/2014Global Gp LlcInsiderBuy50,007$40.61$2,030,784.27View SEC Filing  
8/13/2014Global Gp LlcInsiderBuy13,200$39.07$515,724.00View SEC Filing  
6/5/2014Global Gp LlcInsiderBuy9,800$40.90$400,820.00View SEC Filing  
6/3/2014Global Gp LlcInsiderBuy5,600$40.68$227,808.00View SEC Filing  
5/30/2014Global Gp LlcInsiderBuy5,100$40.68$207,468.00View SEC Filing  
5/28/2014Global Gp LlcInsiderBuy10,200$40.32$411,264.00View SEC Filing  
5/23/2014Global Gp LlcInsiderBuy4,500$40.69$183,105.00View SEC Filing  
5/21/2014Global Gp LlcInsiderBuy9,600$40.87$392,352.00View SEC Filing  
12/11/2013Global Gp LlcInsiderBuy7,500$34.51$258,825.00View SEC Filing  
11/15/2013Kenneth WatchmakerDirectorBuy1,450$34.44$49,938.00View SEC Filing  
8/22/2013Global Gp LlcInsiderBuy45,000$34.94$1,572,300.00View SEC Filing  
8/19/2013Global Gp LlcInsiderBuy20,000$34.73$694,600.00View SEC Filing  
8/16/2013Global Gp LlcInsiderBuy34,000$34.49$1,172,660.00View SEC Filing  
8/14/2013Global Gp LlcInsiderBuy26,341$33.66$886,638.06View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Global Partners LP (NYSE:GLP)
News IconWatching the Levels for Global Partners LP (NYSE:GLP) - Searcy News (NYSE:GLP) - February 24 at 6:44 PM
News IconAre Analysts Optimistic About Where Global Partners LP (NYSE:GLP) is Heading? - Winfield Review (NYSE:GLP) - February 24 at 6:44 PM
News IconAnalysts Take: Global Partners LP (NYSE:GLP) Projected Earnings & Price Targets - Aiken Advocate (NYSE:GLP) - February 24 at 6:44 PM logoGlobal Partners LP to Host Fourth-Quarter 2016 Financial Results Conference Call on March 9 (NYSE:GLP) - February 24 at 10:47 AM
News IconMarket Check: Narrowing in on Shares of Global Partners LP (NYSE:GLP) - Baldwin Journal (NYSE:GLP) - February 22 at 10:45 PM
News IconEarnings Take Center Stage; Analysts Weighing in on Global Partners LP (NYSE:GLP) - Aiken Advocate (NYSE:GLP) - February 18 at 12:24 PM logoGlobal Partners LP (NYSE:GLP) EPS Projection At $-0.09 - (NYSE:GLP) - February 14 at 11:40 PM logoWhy Global Partners Is A Top 10 Energy Dividend Stock (GLP) (NYSE:GLP) - February 8 at 11:05 PM logoGlobal Partners, LP (GLP) PT Raised to $25 at Stifel; Reiterates Buy - (NYSE:GLP) - February 8 at 6:02 PM logoGlobal Partners LP (GLP) Ex-Dividend Date Scheduled for February 07, 2017 - Nasdaq (NYSE:GLP) - February 6 at 11:02 AM logoGlobal Partners Completes Sale of Natural Gas and Electricity Businesses to Sprague Resources LP (NYSE:GLP) - February 6 at 11:02 AM logoAre Options Traders Betting on a Big Move in Global Partners (GLP) Stock? (NYSE:GLP) - February 1 at 6:09 PM logoForm 8-K GLOBAL PARTNERS LP For: Jan 30 - (NYSE:GLP) - January 31 at 6:04 PM logoGlobal Partners Declares Quarterly Cash Distribution of $0.4625 for the Fourth Quarter of 2016 (NYSE:GLP) - January 30 at 11:46 AM logoEPS Forecast Of Global Partners LP (NYSE:GLP) Set At $-0.09 - Investor Newswire (NYSE:GLP) - January 29 at 10:31 PM logoEPS Projection Of Global Partners LP (NYSE:GLP) At $-0.09 - (NYSE:GLP) - January 24 at 6:08 PM
News IconStock Touches New High Post-Inauguration: Global Partners LP (NYSE:GLP) - Wall Street Beacon (NYSE:GLP) - January 23 at 10:43 AM
News IconLifting The Curtain on This Stock as it Touches New High: Global Partners LP (NYSE:GLP) - Wall Street Beacon (NYSE:GLP) - January 20 at 6:45 PM logoCan The Uptrend Continue for Global Partners (GLP)? - - Nasdaq (NYSE:GLP) - January 20 at 6:45 PM logoCan The Uptrend Continue for Global Partners (GLP)? (NYSE:GLP) - January 20 at 5:15 AM logoGlobal Partners LP (NYSE:GLP) EPS Estimate At $-0.09 - (NYSE:GLP) - January 17 at 3:25 PM logoWilliam Partners' Transco Pipeline Logs Record Gas Volumes - Yahoo Finance (NYSE:GLP) - January 16 at 5:28 PM logoWilliam Partners' Transco Pipeline Logs Record Gas Volumes (NYSE:GLP) - January 16 at 9:26 AM logoSingapore's Rare Buyout Bird (NYSE:GLP) - January 15 at 10:09 PM
News IconWill The Needle Move For Global Partners LP (NYSE:GLP) Shares This Earnings Season? - Wall Street Beacon (NYSE:GLP) - January 13 at 11:27 PM
News IconRating Sentiment Worth Mentioning Today: Are Analysts Bullish ... - Fair View Times (NYSE:GLP) - January 13 at 11:27 PM logoIs the Options Market Predicting a Spike in Global Partners (GLP) Stock? (NYSE:GLP) - January 9 at 4:15 PM
News IconValue Score in View for Global Partners LP (NYSE:GLP) - Wall Street Beacon (NYSE:GLP) - January 8 at 10:14 PM logoGlobal Partners LP : GLP-US: Dividend Analysis : November 08th, 2016 (record date) : By the numbers : January 6, 2017 (NYSE:GLP) - January 6 at 6:01 PM logoWarehouse Owner GLP Seeks Bidders for Singapore Company (NYSE:GLP) - January 5 at 4:33 AM logoGlobal Partners LP (NYSE:GLP) Is Expected To Post EPS Of $-0.15 - (NYSE:GLP) - January 3 at 7:47 PM logoGlobal Partners Announces Agreement to Sell Natural Gas and Electricity Businesses to Sprague Resources LP - Business Wire (press release) (NYSE:GLP) - January 3 at 7:47 PM logo8:08 am Global Partners to sell natural gas and electricity businesses to Sprague Resources (SRLP (NYSE:GLP) - January 3 at 12:02 PM logoGlobal Partners Announces Agreement to Sell Natural Gas and Electricity Businesses to Sprague Resources LP (NYSE:GLP) - January 3 at 12:02 PM
News IconWatching Stock Levels for Global Partners LP (NYSE:GLP) - Wall Street Beacon (NYSE:GLP) - December 30 at 10:51 PM logoGlobal Partners LP (NYSE:GLP) EPS Estimaged At $-0.15 - (NYSE:GLP) - December 27 at 5:34 PM
News IconGlobal Partners LP (GLP) Upgraded to "Buy" by Stifel Nicolaus (NYSE:GLP) - December 24 at 5:13 PM logoGLOBAL PARTNERS LP (NYSE:GLP) Files An 8-K Entry into a Material Definitive Agreement (NYSE:GLP) - December 24 at 3:48 AM
News IconBlog Coverage Global Partners Ends Railcar Sublease Agreement Before Maturity to Save Costs - Yahoo Sports (NYSE:GLP) - December 23 at 5:40 PM logoAnalyst Upgrades – Global Partners LP (NYSE:GLP) Stock Gets Upgraded By Stifel Nicolaus from Hold to Buy - Market Exclusive (NYSE:GLP) - December 23 at 3:46 AM logoGLOBAL PARTNERS LP (NASDAQ:GLP) Files An 8-K Entry into a Material Definitive Agreement (NYSE:GLP) - December 22 at 5:43 PM logo8:34 am Global Partners aagrees to terminate early a sublease for 1,610 railcars leased from a third party; expects to incur a one-time expense of approximately $81 million associated with the early termination (NYSE:GLP) - December 22 at 5:43 PM logoGLOBAL PARTNERS LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Statements (NYSE:GLP) - December 22 at 5:43 PM logoGlobal Partners Announces Early Termination of Railcar Sublease (NYSE:GLP) - December 22 at 5:43 PM logoBRIEF-Global Partners- Co, units entered into seventh amendment to second amended, restated credit agreement on Dec. 21 (NYSE:GLP) - December 22 at 9:19 AM
News IconWatching the Levels: Global Partners LP (NYSE:GLP) - OIB News (NYSE:GLP) - December 20 at 10:39 AM
News IconUpdate on Valuation Formula's For Global Partners LP (NYSE:GLP) - Marion Business Daily (NYSE:GLP) - December 20 at 10:39 AM logoGlobal Partners LP (NYSE:GLP) EPS Prediction At $-0.15 - (NYSE:GLP) - December 20 at 10:39 AM logoGlobal Partners LP breached its 50 day moving average in a Bullish Manner : GLP-US : December 20, 2016 (NYSE:GLP) - December 20 at 10:39 AM logoGlobal Partners LP breached its 50 day moving average in a Bullish Manner : GLP-US : December 20, 2016 (NYSE:GLP) - December 20 at 10:39 AM


What is Global Partners LP's stock symbol?

Global Partners LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLP."

How often does Global Partners LP pay dividends? What is the dividend yield for Global Partners LP?

Global Partners LP declared a quarterly dividend on Tuesday, January 31st. Stockholders of record on Thursday, February 9th will be paid a dividend of $0.4625 per share on Tuesday, February 14th. This represents a $1.85 annualized dividend and a dividend yield of 9.61%. The ex-dividend date of this dividend is Tuesday, February 7th.

Where is Global Partners LP's stock going? Where will Global Partners LP's stock price be in 2017?

4 equities research analysts have issued twelve-month price targets for Global Partners LP's shares. Their forecasts range from $16.00 to $25.00. On average, they expect Global Partners LP's share price to reach $18.25 in the next twelve months.

When will Global Partners LP announce their earnings?

Global Partners LP is scheduled to release their next quarterly earnings announcement on Monday, February, 27th 2017.

What are analysts saying about Global Partners LP stock?

Here are some recent quotes from research analysts about Global Partners LP stock:

  • Stifel Nicolaus analysts commented, "Today, we are maintaining our Buy rating on Global Partners and increasing our target price to $25.00 from $19.00. Our target price increase is a result of assigning an approximate 10.0x multiple to our FY17 LP EBITDA estimate of $220 million, which is up from our prior assumption of 9.0x. GLP is currently trading at 9.5x based on our FY17 estimate, which compares to its peer group at 9.7x. Historically, GLP has traded near parity to its comp group, which is a driving factor in our multiple expansion assumption. Year-to-date, Global Partners increased 10.8% compared to the Alerian Index's return of 6.3%." (2/7/2017)
  • According to Zacks Investment Research, "Global Partners is a Delaware limited partnership formed by affiliates of the Slifka family. Global Partners owns, controls or has access to one of the largest terminal networks of refined petroleum products in New England. Global Partners is one of the largest wholesale distributors of distillates such as home heating oil, diesel and kerosene, gasoline, and residual oil and bunker fuel to wholesalers, retailers and commercial customers in New England. " (1/16/2017)

Who owns Global Partners LP stock?

Global Partners LP's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include OPPENHEIMERFUNDS, INC. Total Shares: 3,531,541 (10.39%), Van ECK Associates Corp (0.81%), Advisory Research Inc. (0.66%), ING Groep NV (0.39%), Renaissance Technologies LLC (0.36%) and Metropolitan Life Insurance Co. NY (0.31%). Company insiders that own Global Partners LP stock include Alfred A Slifka, Daphne H Foster, Global Gp Llc and Kenneth I Watchmaker.

Who sold Global Partners LP stock? Who is selling Global Partners LP stock?

Global Partners LP's stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Raymond James Financial Services Advisors Inc., Guggenheim Capital LLC, GSA Capital Partners LLP, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Van ECK Associates Corp and Advisory Research Inc..

How do I buy Global Partners LP stock?

Shares of Global Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Global Partners LP stock cost?

One share of Global Partners LP stock can currently be purchased for approximately $19.25.

Global Partners LP (NYSE:GLP) Chart for Monday, February, 27, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Global Partners LP (NYSE:GLP)

Earnings History Chart

Earnings by Quarter for Global Partners LP (NYSE:GLP)

Dividend History Chart

Dividend Payments by Quarter for Global Partners LP (NYSE:GLP)

Last Updated on 2/27/2017 by Staff