Global Partners LP Company Profile (NYSE:GLP)

About Global Partners LP (NYSE:GLP)

Global Partners LP logoGlobal Partners LP is a midstream logistics and marketing company. It is engaged in the purchasing, selling, storing and logistics of transporting petroleum and related products, including gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane. Its segments include Wholesale, Gasoline Distribution and Station Operations and Commercial. In Wholesale segment, the Company engages in the logistics of selling, gathering, storage and transportation of refined petroleum products, renewable fuels, crude oil and propane. In Gasoline Distribution and Station Operations segment, gasoline distribution includes sales of branded and unbranded gasoline to gasoline station operators and sub-jobbers. The 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
  • Symbol: NYSE:GLP
  • CUSIP: N/A
  • Web:
  • Market Cap: $645.91 million
  • Outstanding Shares: 33,554,000
Average Prices:
  • 50 Day Moving Avg: $19.14
  • 200 Day Moving Avg: $18.72
  • 52 Week Range: $12.82 - $21.95
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 42.78
  • P/E Growth: -0.59
Sales & Book Value:
  • Annual Revenue: $8.76 billion
  • Price / Sales: 0.07
  • Book Value: $12.02 per share
  • Price / Book: 1.60
  • Annual Dividend: $1.85
  • Dividend Yield: 9.6%
  • EBIDTA: $224.5 million
  • 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%
  • Average Volume: 85,575 shs.
  • Beta: 1.01
  • Short Ratio: 3.99

Frequently Asked Questions for Global Partners LP (NYSE:GLP)

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 Friday, April 28th. Shareholders of record on Wednesday, May 10th will be given a dividend of $0.4625 per share on Monday, May 15th. This represents a $1.85 dividend on an annualized basis and a yield of 9.61%. The ex-dividend date is Monday, May 8th. View Global Partners LP's Dividend History.

How were Global Partners LP's earnings last quarter?

Global Partners LP (NYSE:GLP) issued its quarterly earnings data on Tuesday, May, 9th. The company reported $0.33 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.03) by $0.36. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.23 billion. Global Partners LP had a negative return on equity of 2.65% and a negative net margin of 1.68%. The business's quarterly revenue was up 29.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.21) EPS. View Global Partners LP's Earnings History.

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

3 equities research analysts have issued 12-month price targets for Global Partners LP's stock. Their predictions range from $16.00 to $21.00. On average, they expect Global Partners LP's share price to reach $18.33 in the next year. View Analyst Ratings for Global Partners LP.

What are analysts saying about Global Partners LP stock?

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

  • 1. 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. " (5/9/2017)
  • 2. 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)

Who are some of Global Partners LP's key competitors?

Who owns Global Partners LP stock?

Global Partners LP's stock is owned by a variety of of retail and institutional investors. Top institutional investors include OppenheimerFunds Inc. (12.11%), Morgan Stanley (8.52%), Kayne Anderson Capital Advisors LP (5.27%), Goldman Sachs Group Inc. (2.36%), Bank of America Corp DE (1.88%) and HITE Hedge Asset Management LLC (1.85%). Company insiders that own Global Partners LP stock include Alfred A Slifka, Daphne H Foster, Global Gp Llc and Kenneth I Watchmaker. View Institutional Ownership Trends for Global Partners LP.

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 Kayne Anderson Capital Advisors LP, Van ECK Associates Corp, Renaissance Technologies LLC, Wells Fargo & Company MN, Bank of America Corp DE, Metropolitan Life Insurance Co. NY, California Public Employees Retirement System and Credit Suisse AG. View Insider Buying and Selling for Global Partners LP.

Who bought Global Partners LP stock? Who is buying Global Partners LP stock?

Global Partners LP's stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, OppenheimerFunds Inc., Goldman Sachs Group Inc., Spirit of America Management Corp NY, HITE Hedge Asset Management LLC, Winslow Evans & Crocker Inc., Texas Yale Capital Corp. and Creative Planning. Company insiders that have bought Global Partners LP stock in the last two years include Daphne H Foster, Global Gp Llc and Kenneth I Watchmaker. View Insider Buying and Selling for Global Partners LP.

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.

Analyst Ratings

Consensus Ratings for Global Partners LP (NYSE:GLP) (?)
Ratings Breakdown: 1 Sell Rating, 1 Hold Rating, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $18.33 (4.76% downside)

Analysts' Ratings History for Global Partners LP (NYSE:GLP)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/11/2017Barclays PLCReiterated RatingEqual Weight$17.00 -> $18.00N/AView Rating Details
3/10/2017Stifel NicolausLower Price TargetBuy -> Buy$25.00 -> $21.00LowView Rating Details
11/9/2016Mitsubishi UFJ Financial GroupReiterated RatingNeutral -> Underweight$16.00N/AView Rating Details
4/19/2016JPMorgan Chase & Co.Lower Price TargetNeutral$37.00 -> $16.00N/AView Rating Details
1/29/2016Citigroup IncDowngradeNeutral$31.00 -> $20.00N/AView Rating Details
12/8/2015Mitsubishi UFJ Financial Group IncReiterated RatingNeutralN/AView Rating Details
11/11/2015FBR & CoLower Price TargetMarket Perform$36.00 -> $33.00N/AView Rating Details
9/21/2015Royal Bank of CanadaLower Price TargetOutperform$43.00 -> $41.00N/AView Rating Details
(Data available from 5/27/2015 forward)


Earnings History for Global Partners LP (NYSE:GLP)
Earnings by Quarter for Global Partners LP (NYSE:GLP)
Earnings History by Quarter for Global Partners LP (NYSE:GLP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/9/2017Q1 2017($0.03)$0.33$2.23 billion$2.27 billionViewListenView Earnings Details
3/9/2017Q4 2016($2.29)($1.94)$2.06 billion$2.31 billionViewListenView Earnings Details
11/7/2016Q316$0.01$0.03$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$0.56$0.92$4.73 billion$3.00 billionViewListenView Earnings Details
3/12/2015Q414$0.60$0.93$4.43 billion$3.53 billionViewListenView Earnings Details
11/6/2014Q314$0.17$1.50$5.05 million$4.05 billionViewListenView Earnings Details
8/7/2014Q214($0.06)($0.50)$4.91 billion$4.57 billionViewListenView Earnings Details
5/8/2014Q114$0.61$2.03$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: $1.15 EPS
Next Year EPS Consensus Estimate: $0.45 EPS


Current Dividend Information for Global Partners LP (NYSE:GLP)
Most Recent Dividend:5/15/2017
Annual Dividend:$1.85
Dividend Yield:9.61%
Dividend Growth:-7.50% (3 Year Average)
Payout Ratio:-45.79% (Trailing 12 Months of Earnings)
160.87% (Based on This Year's Estimates)
411.11% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Global Partners LP (NYSE:GLP)

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

Insider Trades

Insider Trading and Institutional Ownership History for Global Partners LP (NYSE:GLP)
Insider Ownership Percentage: 41.50%
Institutional Ownership Percentage: 37.76%
Insider Trades by Quarter for Global Partners LP (NYSE:GLP)
Institutional Ownership by Quarter for Global Partners LP (NYSE:GLP)
Insider Trades by Quarter for Global Partners LP (NYSE:GLP)
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)


Headline Trends for Global Partners LP (NYSE:GLP)
Latest Headlines for Global Partners LP (NYSE:GLP)
DateHeadline logoGlobal Partners LP breached its 50 day moving average in a Bullish Manner : GLP-US : May 12, 2017 - May 12 at 6:06 PM logoGlobal Partners LP :GLP-US: Earnings Analysis: Q1, 2017 By the Numbers : May 12, 2017 - May 12 at 6:06 PM logoGlobal Partners LP (GLP) Issues Earnings Results, Beats Estimates By $0.36 EPS - May 10 at 2:48 PM logoEdited Transcript of GLP earnings conference call or presentation 9-May-17 2:00pm GMT - May 10 at 10:59 AM logoGlobal Partners LP (GLP) Downgraded by Zacks Investment Research - May 9 at 11:36 PM logoGlobal Partners Reports First-Quarter 2017 Financial Results - May 9 at 12:08 PM logoGlobal Partners LP (GLP) Ex-Dividend Date Scheduled for May 08 ... - Nasdaq - May 5 at 10:40 PM logoGlobal Partners LP (GLP) Announces $0.46 Dividend - May 3 at 5:38 PM logoPositive Press Coverage Likely to Affect Global Partners (GLP) Stock Price - May 3 at 12:20 AM logoBRIEF-Global Partners says GLP Finance entered into a third amended and restated credit agreement - SEC Filing - Reuters - May 1 at 11:56 AM logoPositive News Coverage Extremely Likely to Impact Global Partners (GLP) Share Price - April 29 at 12:53 PM logoGlobal Partners Declares Quarterly Cash Distribution of $0.4625 for the First Quarter of 2017 - April 28 at 10:35 AM logoGlobal Partners (GLP) Getting Positive Media Coverage, Study Shows - April 26 at 9:38 PM logoGlobal Partners LP to Host First-Quarter 2017 Financial Results Conference Call on May 9 - April 26 at 7:56 PM logoGlobal Partners (GLP) Getting Somewhat Favorable Press Coverage, Study Shows - April 21 at 6:06 PM logoGlobal Partners (GLP) Receiving Negative Press Coverage, Study Finds - April 18 at 8:29 AM logoGlobal Partners (GLP) Getting Positive Press Coverage, Report Shows - April 15 at 10:29 AM logoGlobal Partners LP breached its 50 day moving average in a Bearish Manner : GLP-US : April 14, 2017 - April 14 at 9:51 AM logoGlobal Partners LP (GLP) Receives Consensus Recommendation of "Hold" from Analysts - April 10 at 1:15 PM logoEarnings Estimates Moving Higher for Global Partners (GLP): Time to Buy? - April 3 at 11:32 AM logoTop Ranked Income Stocks to Buy for March 30th - March 30 at 5:53 PM logoGLOBAL PARTNERS LP Financials - March 16 at 6:42 PM logoGLOBAL PARTNERS LP Files SEC form 10-K, Annual Report - March 10 at 6:35 PM logoGlobal Partners LP Files 2016 Annual Report on Form 10-K - March 10 at 6:35 PM logoStifel Nicolaus Lowers Global Partners LP (GLP) Price Target to $21.00 - March 10 at 6:18 PM logoEdited Transcript of GLP earnings conference call or presentation 9-Mar-17 3:00pm GMT - March 9 at 10:54 PM logoQ4 2016 Global Partners LP Earnings Release - Before Market Open - March 9 at 5:54 PM logoGlobal Partners Reports Fourth-Quarter and Full-Year 2016 Financial Results - March 9 at 5:54 PM logoGLOBAL PARTNERS LP Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Finan - March 9 at 5:54 PM logoGlobal Partners LP Earnings Call scheduled for 10:00 am ET today - March 9 at 5:54 PM logoShould You Buy Global Partners (GLP) Ahead of Earnings? - March 8 at 6:16 PM logoGlobal Partners LP (GLP) to Release Earnings on Thursday - March 8 at 9:19 AM logoGlobal Partners LP (GLP) Rating Lowered to Hold at Zacks Investment Research - March 7 at 11:57 PM logoImplied Volatility Surging for Global Partners (GLP) Stock Options - March 6 at 9:28 AM logoGlobal Partners LP to Host Fourth-Quarter 2016 Financial Results Conference Call on March 9 - February 24 at 10:47 AM logoWhy Global Partners Is A Top 10 Energy Dividend Stock (GLP) - February 8 at 11:05 PM logoGlobal Partners, LP (GLP) PT Raised to $25 at Stifel; Reiterates Buy - - February 8 at 6:02 PM logoGlobal Partners LP (GLP) Ex-Dividend Date Scheduled for February 07, 2017 - Nasdaq - February 6 at 11:02 AM logoGlobal Partners Completes Sale of Natural Gas and Electricity Businesses to Sprague Resources LP - February 6 at 11:02 AM logoAre Options Traders Betting on a Big Move in Global Partners (GLP) Stock? - February 1 at 6:09 PM logoForm 8-K GLOBAL PARTNERS LP For: Jan 30 - - January 31 at 6:04 PM logoGlobal Partners Declares Quarterly Cash Distribution of $0.4625 for the Fourth Quarter of 2016 - January 30 at 11:46 AM logoCan The Uptrend Continue for Global Partners (GLP)? - - Nasdaq - January 20 at 6:45 PM logoCan The Uptrend Continue for Global Partners (GLP)? - January 20 at 5:15 AM logoWilliam Partners' Transco Pipeline Logs Record Gas Volumes - Yahoo Finance - January 16 at 5:28 PM logoWilliam Partners' Transco Pipeline Logs Record Gas Volumes - January 16 at 9:26 AM logoSingapore's Rare Buyout Bird - January 15 at 10:09 PM logoIs the Options Market Predicting a Spike in Global Partners (GLP) Stock? - January 9 at 4:15 PM logoWarehouse Owner GLP Seeks Bidders for Singapore Company - January 5 at 4:33 AM logoGlobal Partners Announces Agreement to Sell Natural Gas and Electricity Businesses to Sprague Resources LP - Business Wire (press release) - January 3 at 7:47 PM



Global Partners LP (GLP) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by Staff