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: Petroleum Product Wholesale
  • Sub-Industry: N/A
  • Symbol: NYSE:GLP
  • CUSIP: N/A
  • Web:
  • Market Cap: $593.91 million
  • Outstanding Shares: 33,554,000
Average Prices:
  • 50 Day Moving Avg: $17.95
  • 200 Day Moving Avg: $19.16
  • 52 Week Range: $13.03 - $21.95
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 42.14
  • P/E Growth: -0.56
Sales & Book Value:
  • Annual Revenue: $8.76 billion
  • Price / Sales: 0.07
  • Book Value: $12.02 per share
  • Price / Book: 1.47
  • Annual Dividend: $1.85
  • Dividend Yield: 10.4%
  • EBIDTA: $224.5 million
  • Net Margins: -1.93%
  • Return on Equity: -1.83%
  • Return on Assets: -0.35%
  • Debt-to-Equity Ratio: 2.63%
  • Current Ratio: 1.48%
  • Quick Ratio: 0.73%
  • Average Volume: 81,214 shs.
  • Beta: 1.07
  • Short Ratio: 1.71

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 announced a quarterly dividend on Friday, April 28th. Stockholders of record on Wednesday, May 10th will be paid a dividend of $0.4625 per share on Monday, May 15th. This represents a $1.85 annualized dividend and a dividend yield of 10.45%. 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 results on Tuesday, May, 9th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.36. The firm earned $2.27 billion during the quarter, compared to analyst estimates of $2.23 billion. Global Partners LP had a negative return on equity of 1.83% and a negative net margin of 1.93%. The business's revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter last year, the business 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?

4 equities research analysts have issued twelve-month price targets for Global Partners LP's shares. Their forecasts range from $16.00 to $21.00. On average, they anticipate Global Partners LP's stock price to reach $18.25 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. " (7/19/2017)
  • 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 are Global Partners LP's key executives?

Global Partners LP's management team includes the folowing people:

  • Richard Slifka, Chairman of the Board of the General Partner
  • Eric Slifka, President, Chief Executive Officer, Director of the General Partner
  • Daphne H. Foster, Chief Financial Officer, Director of the General Partner
  • Mark A. Romaine, Chief Operating Officer of the General Partner
  • Edward J. Faneuil, Executive Vice President, General Counsel, Secretary of the General Partner
  • Andrew Slifka, Executive Vice President, Director of the General Partner
  • Charles A. Rudinsky, Executive Vice President, Chief Accounting Officer, Co-Director - Mergers & Acquisitions
  • Robert J. McCool, Independent Director of the General Partner
  • David K. McKown, Independent Director of the General Partner
  • Kenneth I. Watchmaker, Independent Director of the General Partner

Who owns Global Partners LP stock?

Global Partners LP's stock is owned by many different of retail and institutional investors. Top institutional investors include Spirit of America Management Corp NY (0.35%), Winslow Evans & Crocker Inc. (0.17%), Sanders Morris Harris LLC (0.13%), Bank of Montreal Can (0.07%) and Baldwin Brothers Inc. MA (0.06%). 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 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 Winslow Evans & Crocker Inc. and Bank of Montreal Can. 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.

What is Global Partners LP's stock price today?

One share of Global Partners LP stock can currently be purchased for approximately $17.70.

MarketBeat Community Rating for Global Partners LP (NYSE GLP)
Community Ranking:  1.5 out of 5 ( )
Outperform Votes:  70 (Vote Outperform)
Underperform Votes:  170 (Vote Underperform)
Total Votes:  240
MarketBeat's community ratings are surveys of what our community members think about Global Partners LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Global Partners LP (NYSE:GLP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $18.25 (3.11% upside)

Analysts' Ratings History for Global Partners LP (NYSE:GLP)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/23/2017Stifel NicolausReiterated RatingBuy$21.00LowView Rating Details
6/23/2017Janney Montgomery ScottInitiated CoverageNeutral$18.00MediumView Rating Details
3/11/2017Barclays PLCReiterated RatingEqual Weight$17.00 -> $18.00N/AView Rating Details
11/9/2016Mitsubishi UFJ Financial GroupReiterated RatingNeutral -> Underweight$16.00N/AView Rating Details
4/19/2016J P Morgan Chase & CoLower Price TargetNeutral$37.00 -> $16.00N/AView Rating Details
1/29/2016Citigroup Inc.DowngradeNeutral$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 7/21/2015 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: $1.11 EPS
Next Year EPS Consensus Estimate: $0.42 EPS


Current Dividend Information for Global Partners LP (NYSE:GLP)
Most Recent Dividend:5/15/2017
Annual Dividend:$1.85
Dividend Yield:10.45%
Dividend Growth:-7.50% (3 Year Average)
Payout Ratio:-36.85% (Trailing 12 Months of Earnings)
166.67% (Based on This Year's Estimates)
440.48% (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: 47.60%
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 (GLP) Downgraded by Zacks Investment Research to "Hold" - July 20 at 12:27 AM logoGlobal Partners LP (GLP) Given Average Recommendation of "Hold" by Analysts - July 18 at 1:09 PM logoReviewing Global Partners (NYSE:GLP) and CrossAmerica Partners (CAPL) - July 18 at 10:04 AM logoGlobal Partners LP (GLP) Upgraded to Buy at Zacks Investment Research - July 17 at 11:08 PM logoHead-To-Head Review: Sunoco (SUN) & Global Partners (NYSE:GLP) - July 14 at 10:29 PM logoGlobal Partners LP (NYSE:GLP) Expected to Post Quarterly Sales of $2.22 Billion - July 13 at 9:58 AM logoHead to Head Analysis: Global Partners (GLP) & Sunoco (SUN) - July 13 at 8:09 AM logoGlobal Partners LP (GLP) Expected to Announce Earnings of $0.05 Per Share - July 11 at 4:52 PM logoHead-To-Head Survey: Global Partners (NYSE:GLP) & Sunoco (SUN) - July 10 at 8:06 AM logoPUC approves Portland General Electric tank farm sale, disappointing environmentalists - June 27 at 5:39 PM logoGlobal Partners' (GLP) "Buy" Rating Reaffirmed at Stifel Nicolaus - June 24 at 8:14 AM logoBenzinga's Top Upgrades, Downgrades For June 23, 2017 - Benzinga - June 23 at 3:17 PM logoGlobal Partners LP (GLP) Receives Average Rating of "Hold" from Brokerages - June 23 at 11:32 AM logoGlobal Partners LP (GLP) Earns Neutral Rating from Analysts at Janney Montgomery Scott - June 23 at 9:06 AM logoPUC delays vote on PGE fuel-tank sale opposed by environmentalists - Portland Business Journal - June 14 at 12:00 PM logoPUC delays vote on PGE fuel-tank sale opposed by environmentalists - June 14 at 12:00 PM logoGlobal Partners LP (GLP) Presents At Bank of America Merrill Lynch 2017 Energy Credit Conference - Slideshow - June 8 at 3:08 AM logoGlobal Partners to Present at the Bank of America Merrill Lynch 2017 Energy Credit Conference - Business Wire (press release) - June 2 at 4:16 AM logoGlobal Partners to Present at the Bank of America Merrill Lynch 2017 Energy Credit Conference - June 1 at 6:13 PM logoCooper (COO) to Report Q2 Earnings: What's in the Cards? - May 29 at 10:04 AM 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



Global Partners LP (GLP) Chart for Friday, July, 21, 2017

This page was last updated on 7/21/2017 by Staff