Global Partners LP, a midstream logistics and marketing company, distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial customers in the New England states and New York. It operates in three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial. The Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, residual oil, and propane to home heating oil and propane retailers, and wholesale distributors. It also aggregates crude oil through truck or pipeline in the mid-continent region of the United States and Canada for distribution to refiners and other customers. The 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. As of December 31, 2017, this segment had a portfolio of 1,455 owned, leased, and/or supplied gasoline stations, which included 264 convenience stores in the Northeast, Maryland, and Virginia. The Commercial segment delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, bunker fuel, and natural gas to end user customers in the public sector, as well as to commercial and industrial end users; and sells custom blended fuels. The company also owns, leases, or maintains storage facilities at 24 bulk terminals with a collective storage capacity of 10.1 million barrels. Global GP LLC serves as the general partner of the company. Global Partners LP was founded in 2005 and is based in Waltham, Massachusetts.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Petroleum bulk stations & terminals
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:GLP
CUSIPN/A
Phone781-894-8800
Debt
Debt-to-Equity Ratio2.67
Current Ratio1.44
Quick Ratio0.89
Price-To-Earnings
Trailing P/E Ratio14.64
Forward P/E Ratio23.37
P/E GrowthN/A
Sales & Book Value
Annual Sales$8.92 billion
Price / Sales0.08
Cash Flow$4.7518 per share
Price / Cash4.23
Book Value$11.60 per share
Price / Book1.73
Profitability
EPS (Most Recent Fiscal Year)$1.39
Net Income$58.35 million
Net Margins0.94%
Return on Equity8.83%
Return on Assets1.60%
Miscellaneous
Employees2,000
Outstanding Shares34,000,000
Market Cap$676.51 million
Global Partners (NYSE:GLP) Frequently Asked Questions
What is Global Partners' stock symbol?
Global Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLP."
How often does Global Partners pay dividends? What is the dividend yield for Global Partners?
Global Partners declared a quarterly dividend on Monday, July 30th. Stockholders of record on Wednesday, August 8th will be given a dividend of $0.475 per share on Wednesday, August 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 9.45%. The ex-dividend date of this dividend is Wednesday, August 8th. This is a positive change from Global Partners's previous quarterly dividend of $0.46. View Global Partners' Dividend History.
How were Global Partners' earnings last quarter?
Global Partners LP (NYSE:GLP) released its quarterly earnings data on Thursday, August, 9th. The energy company reported $0.19 EPS for the quarter, beating the Zacks' consensus estimate of $0.12 by $0.07. The energy company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $2.66 billion. Global Partners had a net margin of 0.94% and a return on equity of 8.83%. View Global Partners' Earnings History.
When is Global Partners' next earnings date?
What price target have analysts set for GLP?
4 brokerages have issued 1-year target prices for Global Partners' shares. Their predictions range from $17.00 to $20.00. On average, they anticipate Global Partners' stock price to reach $18.50 in the next twelve months. This suggests that the stock has a possible downside of 8.0%. View Analyst Price Targets for Global Partners.
What is the consensus analysts' recommendation for Global Partners?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Global Partners in the last year. There are currently 1 sell rating and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Global Partners.
Who are some of Global Partners' key competitors?
Who are Global Partners' key executives?
Global Partners' management team includes the folowing people:
- Mr. Eric S. Slifka, Pres, CEO & Director of Global GP LLC (Age 52)
- Ms. Daphne H. Foster, CFO & Director of Global GP LLC (Age 60)
- Mr. Mark A. Romaine, Chief Operating Officer of Global GP LLC (Age 49)
- Mr. Edward J. Faneuil, Exec. VP, Gen. Counsel & Sec. of Global GP LLC (Age 65)
- Mr. Andrew P. Slifka, Exec. VP & Director of Global GP LLC (Age 49)
Has Global Partners been receiving favorable news coverage?
Media headlines about GLP stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Global Partners earned a news impact score of 0.16 on Accern's scale. They also assigned news coverage about the energy company an impact score of 46.91 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Global Partners.
Who are Global Partners' major shareholders?
Global Partners' stock is owned by many different of retail and institutional investors. Top institutional investors include OppenheimerFunds Inc. (12.86%), Morgan Stanley (9.99%), Kayne Anderson Capital Advisors LP (7.00%), First Trust Advisors LP (1.17%), HITE Hedge Asset Management LLC (0.94%) and Bank of America Corp DE (0.56%). View Institutional Ownership Trends for Global Partners.
Which institutional investors are selling Global Partners stock?
GLP stock was sold by a variety of institutional investors in the last quarter, including HITE Hedge Asset Management LLC, Morgan Stanley, First Trust Advisors LP, Bank of America Corp DE, California Public Employees Retirement System, GSA Capital Partners LLP and Bramshill Investments LLC. View Insider Buying and Selling for Global Partners.
Which institutional investors are buying Global Partners stock?
GLP stock was acquired by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Kayne Anderson Capital Advisors LP, Van ECK Associates Corp and Janney Montgomery Scott LLC. View Insider Buying and Selling for Global Partners.
How do I buy shares of Global Partners?
Shares of GLP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Global Partners' stock price today?
One share of GLP stock can currently be purchased for approximately $20.10.
How big of a company is Global Partners?
Global Partners has a market capitalization of $676.51 million and generates $8.92 billion in revenue each year. The energy company earns $58.35 million in net income (profit) each year or $1.39 on an earnings per share basis. Global Partners employs 2,000 workers across the globe.
How can I contact Global Partners?
Global Partners' mailing address is P.O. BOX 9161 800 SOUTH STREET, WALTHAM MA, 02454. The energy company can be reached via phone at 781-894-8800 or via email at [email protected]
MarketBeat Community Rating for Global Partners (NYSE GLP)
MarketBeat's community ratings are surveys of what our community members think about Global Partners and other stocks. Vote "Outperform" if you believe GLP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GLP will underperform the S&P 500 over the long term. You may vote once every thirty days.
