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Global Partners NYSE:GLP Stock Report

Last Price

US$47.87

Market Cap

US$1.6b

7D

-10.3%

1Y

12.2%

Updated

20 Dec, 2024

Data

Company Financials +

Global Partners LP

NYSE:GLP Stock Report

Market Cap: US$1.6b

GLP Stock Overview

Engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. More details

GLP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance2/6
Financial Health2/6
Dividends4/6

Rewards

Trading at 41.3% below our estimate of its fair value

Revenue is forecast to grow 28.2% per year

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 12.7% per year for the next 3 years

Dividend of 6.1% is not well covered by free cash flows


My Notes

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Community Narratives

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WA
Analyst Price Target
Consensus Narrative from 1 Analyst

High Acquisition Costs And Rising Interest Expenses Will Pressure Net Margins In Future

Key Takeaways Strategic acquisitions and collaborations enhance revenue growth potential by expanding asset bases, optimizing real estate, and introducing new service offerings. Favorable market conditions and industry engagement boost fuel margins and suggest improved future earnings and shareholder value.
View narrative
US$54.00
FV
11.4% undervalued intrinsic discount
29.67%
Revenue growth p.a.
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1users have followed this narrative
2 days ago author updated this narrative

Global Partners LP Competitors

Delek Logistics Partners

NYSE:DKL

US$2.1b

Holly Energy Partners

NYSE:HEP

US$2.6b

FLEX LNG

NYSE:FLNG

US$1.1b

NuStar Energy

NYSE:NS

US$2.8b

Price History & Performance

Summary of share price highs, lows and changes for Global Partners
Historical stock prices
Current Share PriceUS$47.87
52 Week HighUS$58.77
52 Week LowUS$37.00
Beta1.42
1 Month Change-5.32%
3 Month Change6.02%
1 Year Change12.21%
3 Year Change112.38%
5 Year Change134.43%
Change since IPO101.98%

Recent News & Updates

Recent updates

Global Partners LP: Slightly Speculative For Income Investors

Aug 11

GLP: Attractive Yield And Business If Traditional Energy Production Increases

Jul 30

Global Partners LP: 9 Straight Dividend Hikes, 6%-Plus Yield

Mar 31

Global Partners: Consider Long-Term Trends

Jan 11

Global Partners: Preferreds Up To 12% Yield, Is It Worth The Risk?

Dec 12

Global Partners LP: Gas Fuels The Potential For Future Distribution Increases

Aug 14

Global Partners: The 8.7% Yielding Stock, 7.0% Senior Notes Great For Income

Jun 02

Global Partners Q4 Earnings Preview

Feb 24

Global Partners declares $0.635 dividend, special distribution of $0.9375

Jan 25

Global Partners LP: 8.2% And Sitting In The Cat-Bird Seat

Dec 08

Global Partners Q3 Earnings Preview

Nov 03

Global Partners raises dividend by 3.3% to $0.625

Oct 25

Global Partners: 9.88% Dividend Yield And Acquisition Of Tidewater Convenience

Sep 27

Global Partners Q2 Earnings Preview

Aug 04

Global Partners declares $0.605 dividend

Jul 26

Global Partners: 10% Dividend Oil Stock To Fuel Your Portfolio

Jul 14

Your Global Partners Dividend Investment May Not Be As Safe As You Think

Mar 25

Global Partners LP: 9% Yield, Strong Q3 Earnings, Estimates Rising

Jan 09

Global Partners LP: 11% Yield, Pullback Buying Opportunity

Sep 17

Shareholder Returns

GLPUS Oil and GasUS Market
7D-10.3%-6.6%-3.5%
1Y12.2%1.7%22.1%

Return vs Industry: GLP exceeded the US Oil and Gas industry which returned 1.7% over the past year.

Return vs Market: GLP underperformed the US Market which returned 22.1% over the past year.

Price Volatility

Is GLP's price volatile compared to industry and market?
GLP volatility
GLP Average Weekly Movement4.8%
Oil and Gas Industry Average Movement5.3%
Market Average Movement6.3%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.1%

Stable Share Price: GLP has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: GLP's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20054,273Eric Slifkawww.globalp.com

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through 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, and residual oil to home heating oil and propane retailers and wholesale distributors.

Global Partners LP Fundamentals Summary

How do Global Partners's earnings and revenue compare to its market cap?
GLP fundamental statistics
Market capUS$1.60b
Earnings (TTM)US$113.12m
Revenue (TTM)US$17.39b

14.3x

P/E Ratio

0.1x

P/S Ratio

Is GLP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GLP income statement (TTM)
RevenueUS$17.39b
Cost of RevenueUS$16.27b
Gross ProfitUS$1.11b
Other ExpensesUS$1.00b
EarningsUS$113.12m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.35
Gross Margin6.41%
Net Profit Margin0.65%
Debt/Equity Ratio237.5%

How did GLP perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

86%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 01:20
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Global Partners LP is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard GrossBarclays
Gabriel MoreenBofA Global Research
Michael GyureJanney Montgomery Scott LLC