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: $612.36 million
  • Outstanding Shares: 33,554,000
Average Prices:
  • 50 Day Moving Avg: $17.32
  • 200 Day Moving Avg: $18.06
  • 52 Week Range: $14.85 - $21.95
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 46.79
  • P/E Growth: -0.64
Sales & Book Value:
  • Annual Revenue: $8.7 billion
  • Price / Sales: 0.07
  • Book Value: $11.67 per share
  • Price / Book: 1.56
  • Annual Dividend: $1.85
  • Dividend Yield: 10.1%
  • EBITDA: $233.68 million
  • Net Margins: -1.83%
  • Return on Equity: 0.21%
  • Return on Assets: 0.04%
  • Debt-to-Equity Ratio: 2.71%
  • Current Ratio: 1.59%
  • Quick Ratio: 0.78%
  • Average Volume: 42,458 shs.
  • Beta: 1.06
  • Short Ratio: 2.93

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, July 28th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.463 per share on Monday, August 14th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 10.15%. The ex-dividend date of this dividend is Monday, August 7th. View Global Partners LP's Dividend History.

How were Global Partners LP's earnings last quarter?

Global Partners LP (NYSE:GLP) released its earnings results on Wednesday, August, 9th. The company reported $0.07 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.05 by $0.02. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.15 billion. Global Partners LP had a negative net margin of 1.83% and a positive return on equity of 0.21%. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the company earned ($0.22) earnings per share. View Global Partners LP's Earnings History.

When will Global Partners LP make its next earnings announcement?

Global Partners LP is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Global Partners LP.

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

4 analysts have issued 1-year price targets for Global Partners LP's shares. Their predictions range from $16.00 to $20.00. On average, they expect Global Partners LP's share price to reach $18.00 in the next twelve months. 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. " (8/11/2017)
  • 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

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 $18.25.

MarketBeat Community Rating for Global Partners LP (NYSE GLP)
Community Ranking:  1.6 out of 5 (star)
Outperform Votes:  100 (Vote Outperform)
Underperform Votes:  211 (Vote Underperform)
Total Votes:  311
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: $18.00 (1.37% downside)
Consensus Price Target History for Global Partners LP (NYSE:GLP)
Price Target History for Global Partners LP (NYSE:GLP)
Analysts' Ratings History for Global Partners LP (NYSE:GLP)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/10/2017Stifel NicolausReiterated RatingBuy$20.00LowView 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
(Data available from 10/16/2015 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
11/6/2017$0.22N/AView Earnings Details
8/9/2017Q2 2017$0.05$0.07$2.15 billion$2.09 billionViewListenView Earnings Details
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: $0.99 EPS
Next Year EPS Consensus Estimate: $0.39 EPS


Current Dividend Information for Global Partners LP (NYSE:GLP)
Most Recent Dividend:8/14/2017
Annual Dividend:$1.85
Dividend Yield:10.14%
Dividend Growth:-7.50% (3 Year Average)
Payout Ratio:-39.11% (Trailing 12 Months of Earnings)
186.87% (Based on This Year's Estimates)
474.36% (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: 39.85%
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 logoZacks: Analysts Expect Global Partners LP (GLP) Will Announce Earnings of $0.25 Per Share - October 16 at 4:32 AM logoGlobal Partners LP breached its 50 day moving average in a Bullish Manner : GLP-US : September 27, 2017 - October 2 at 1:59 PM logoGlobal Partners LP (GLP) Receives Consensus Recommendation of "Hold" from Analysts - October 1 at 3:14 AM logo Brokerages Expect Global Partners LP (GLP) Will Announce Quarterly Sales of $2.28 Billion - September 29 at 5:52 AM logo$0.24 Earnings Per Share Expected for Global Partners LP (GLP) This Quarter - September 27 at 12:35 PM logo Brokerages Expect Global Partners LP (GLP) to Announce $0.24 Earnings Per Share - September 8 at 6:08 PM logoGlobal Partners LP :GLP-US: Earnings Analysis: Q2, 2017 By the Numbers : August 23, 2017 - August 24 at 6:37 AM logo$2.28 Billion in Sales Expected for Global Partners LP (GLP) This Quarter - August 23 at 5:58 PM logo Analysts Anticipate Global Partners LP (GLP) Will Post Earnings of $0.23 Per Share - August 21 at 2:06 AM logoGlobal Partners LP – Value Analysis (NYSE:GLP) : August 17, 2017 - August 17 at 12:16 AM logoWorld Fuel Services Corporation (INT) & Global Partners (GLP) Critical Review - August 16 at 4:58 PM logoGlobal Partners LP (NYSE:GLP) Receives Average Rating of "Hold" from Brokerages - August 12 at 12:28 PM logoConocoPhillips Weighs Alaska's Oil Asset Development Offer - August 11 at 12:12 AM logoEdited Transcript of GLP earnings conference call or presentation 9-Aug-17 2:00pm GMT - August 10 at 12:19 AM logoGlobal Partners LP (NYSE:GLP) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS - August 9 at 8:54 PM logoStone Energy (SGY) Swings to Profit in Q2, Revenues Fall Y/Y - Nasdaq - August 9 at 7:17 PM logoDenbury (DNR) Breaks Even in Q2 Earnings, Revenues Beat - Nasdaq - August 9 at 7:17 PM logoGlobal Partners LP (GLP) CEO Eric Slifka on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha - August 9 at 7:17 PM logoGlobal Partners Reports Second-Quarter 2017 Financial Results - August 9 at 7:17 PM logoStone Energy (SGY) Swings to Profit in Q2, Revenues Fall Y/Y - August 9 at 7:17 PM logoDenbury (DNR) Breaks Even in Q2 Earnings, Revenues Beat - August 9 at 7:17 PM logoStatoil (STO) Hits Small Gas Discovery in Gemini North Well - August 9 at 4:51 AM logoEnbridge (ENB) Misses Earnings & Revenue Estimates in Q2 - Yahoo Finance - August 8 at 11:50 PM logoStatoil (STO) Hits Small Gas Discovery in Gemini North Well - Nasdaq - August 8 at 6:49 PM logoEnbridge Energy (EEP) Q2 Earnings Beat, Revenues Decline Y/Y - Nasdaq - August 8 at 6:49 PM logoGlobal Partners (GLP) versus World Fuel Services Corporation (INT) Head-To-Head Analysis - August 8 at 7:32 AM logoGlobal Partners (NYSE:GLP) & Sunoco (SUN) Head-To-Head Contrast - August 5 at 4:18 PM logoSouthwestern Energy (SWN) Q2 Earnings and Revenues Miss - Nasdaq - August 4 at 7:20 PM logoGlobal Partners LP (GLP) Ex-Dividend Date Scheduled for August 07, 2017 - Nasdaq - August 4 at 7:20 PM logoGlobal Partners LP (GLP) Expected to Post Quarterly Sales of $2.22 Billion - August 4 at 7:45 AM logoCash Dividend On The Way From Global Partners (GLP) - August 3 at 4:09 PM logoGlobal Partners LP breached its 50 day moving average in a Bullish Manner : GLP-US : August 3, 2017 - August 3 at 4:09 PM logoMarathon Oil (MRO) Q2 Loss Wider than Expected, Revenues Beat - August 3 at 4:09 PM logoRowan Companies (RDC) Incurs Narrower-than-Expected Q2 Loss - August 3 at 4:09 PM logoSCANA's (SCG) Q2 Earnings Beat Estimates, Revenues Rise Y/Y - August 3 at 4:09 PM logoNewfield Exploration (NFX) Misses on Q2 Earnings & Revenues - Nasdaq - August 2 at 8:43 PM logoNewfield Exploration (NFX) Misses on Q2 Earnings & Revenues - August 2 at 3:42 PM logoGlobal Partners LP (NYSE:GLP) Plans $0.46 Quarterly Dividend - August 2 at 11:18 AM logoGlobal Partners LP (GLP) Scheduled to Post Quarterly Earnings on Wednesday - August 2 at 7:26 AM logoForm 8-K GLOBAL PARTNERS LP For: Jul 27 - - July 28 at 9:39 PM logoGlobal Partners Declares Quarterly Cash Distribution of $0.4625 for the Second Quarter of 2017 - July 28 at 9:39 PM logoGlobal Partners LP to Host Second-Quarter 2017 Financial Results Conference Call on August 9 - July 26 at 7:42 PM logoHead to Head Survey: Global Partners (GLP) and World Fuel Services Corporation (INT) - July 26 at 12:40 PM 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 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



Global Partners LP (GLP) Chart for Monday, October, 16, 2017

This page was last updated on 10/16/2017 by Staff

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