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: www.globalp.com
Capitalization:
  • Market Cap: $613.63 million
  • Outstanding Shares: 33,996,000
Average Prices:
  • 50 Day Moving Avg: $17.43
  • 200 Day Moving Avg: $18.02
  • 52 Week Range: $14.85 - $21.95
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 42.98
  • P/E Growth: -0.60
Sales & Book Value:
  • Annual Revenue: $8.7 billion
  • Price / Sales: 0.07
  • Book Value: $11.67 per share
  • Price / Book: 1.55
Dividend:
  • Annual Dividend: $1.85
  • Dividend Yield: 10.6%
Profitability:
  • EBITDA: $233.68 million
  • Net Margins: -1.83%
  • Return on Equity: 0.21%
  • Return on Assets: 0.04%
Debt:
  • Debt-to-Equity Ratio: 2.71%
  • Current Ratio: 1.59%
  • Quick Ratio: 0.78%
Misc:
  • Average Volume: 43,031 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. Investors 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 annualized dividend and a yield of 10.26%. 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 quarterly earnings results on Wednesday, August, 9th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The firm earned $2.09 billion during the quarter, compared to analyst estimates of $2.15 billion. Global Partners LP had a negative net margin of 1.83% and a positive return on equity of 0.21%. Global Partners LP's quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous 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 equities research analysts have issued 1-year price objectives for Global Partners LP's shares. Their forecasts range from $16.00 to $20.00. On average, they anticipate Global Partners LP's stock 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. " (10/18/2017)
  • 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 a variety of of institutional and retail investors. Top institutional shareholders include Winslow Evans & Crocker Inc. (0.13%). 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 Winslow Evans & Crocker Inc.. 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 $18.05.


MarketBeat Community Rating for Global Partners LP (NYSE GLP)
Community Ranking:  1.6 out of 5 (star)
Outperform Votes:  104 (Vote Outperform)
Underperform Votes:  212 (Vote Underperform)
Total Votes:  316
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 (0.28% 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)
Show:
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 10/23/2015 forward)

Earnings

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)

Estimates

Earnings Estimates for Global Partners LP (NYSE:GLP)
Current Year EPS Consensus Estimate: $1.01 EPS
Next Year EPS Consensus Estimate: $0.42 EPS

Dividends

Current Dividend Information for Global Partners LP (NYSE:GLP)
Most Recent Dividend:8/14/2017
Annual Dividend:$1.85
Dividend Yield:10.25%
Dividend Growth:-7.50% (3 Year Average)
Payout Ratio:-39.11% (Trailing 12 Months of Earnings)
183.17% (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
7/28/2017Quarterly$0.4610.31%8/7/20178/9/20178/14/2017
4/28/2017quarterly$0.469.89%5/8/20175/10/20175/15/2017
1/31/2017quarterly$0.469.18%2/7/20172/9/20172/14/2017
10/27/2016quarterly$0.4611.6%11/4/201611/8/201611/14/2016
7/28/2016quarterly$0.4614.14%8/4/20168/8/20168/12/2016
4/27/2016quarterly$0.4613.21%5/4/20165/6/20165/16/2016
1/29/2016quarterly$0.4617.32%2/8/20162/10/20162/16/2016
10/22/2015quarterly$0.708.24%11/2/201511/4/201511/13/2015
7/23/2015quarterly$0.698.49%8/3/20158/5/20158/14/2015
4/23/2015quarterly$0.686.71%5/4/20155/6/20155/15/2015
1/22/2015quarterly$0.677.1%2/2/20152/4/20152/13/2015
10/22/2014quarterly$0.656.53%11/3/201411/5/201411/14/2014
7/23/2014quarterly$0.645.72%8/1/20148/5/20148/14/2014
4/23/2014quarterly$0.636.2%5/2/20145/6/20145/15/2014
1/22/2014quarterly$0.616.32%2/3/20142/5/20142/14/2014
10/23/2013quarterly$0.607%11/1/201311/5/201311/14/2013
7/23/2013quarterly$0.596.14%8/1/20138/5/20138/14/2013
4/24/2013quarterly$0.586.5%5/2/20135/6/20135/15/2013
1/22/2013quarterly$0.577.5%2/1/20132/5/20132/14/2013
(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)

Headlines

Headline Trends for Global Partners LP (NYSE:GLP)
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Chart

Global Partners LP (GLP) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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