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Global Partners NYSE:GLP Stock Report

Last Price

US$51.59

Market Cap

US$1.7b

7D

4.7%

1Y

51.5%

Updated

18 Nov, 2024

Data

Company Financials +

Global Partners LP

NYSE:GLP Stock Report

Market Cap: US$1.7b

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
Valuation2/6
Future Growth4/6
Past Performance2/6
Financial Health2/6
Dividends4/6

Rewards

Trading at 36.5% below our estimate of its fair value

Earnings are forecast to grow 19.54% per year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 5.66% is not well covered by free cash flows


Community Narratives

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Narratives bring a range of perspectives from our community.

WA
WarrenAI
Based on Analyst Price Targets

Strategic Acquisitions Charge Revenue Growth But High Costs Threaten Margins And Valuation

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
4.5% undervalued intrinsic discount
29.67%
Revenue growth p.a.
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5 days ago author updated this narrative

Global Partners LP Competitors

FLEX LNG

NYSE:FLNG

US$1.4b

Delek Logistics Partners

NYSE:DKL

US$2.0b

DHT Holdings

NYSE:DHT

US$1.7b

SFL

NYSE:SFL

US$1.4b

Price History & Performance

Summary of all time highs, changes and price drops for Global Partners
Historical stock prices
Current Share PriceUS$51.59
52 Week HighUS$51.59
52 Week LowUS$33.33
Beta1.37
11 Month Change11.88%
3 Month Change21.85%
1 Year Change51.51%
33 Year Change116.49%
5 Year Change158.21%
Change since IPO117.68%

Recent News & Updates

Global Partners LP: Slightly Speculative For Income Investors

Aug 11

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
7D4.7%1.3%-2.1%
1Y51.5%15.2%29.7%

Return vs Industry: GLP exceeded the US Oil and Gas industry which returned 13.9% over the past year.

Return vs Market: GLP exceeded the US Market which returned 29.6% over the past year.

Price Volatility

Is GLP's price volatile compared to industry and market?
GLP volatility
GLP Average Weekly Movement4.7%
Oil and Gas Industry Average Movement5.3%
Market Average Movement6.2%
10% most volatile stocks in US Market15.6%
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$1.68b
Earnings (TTM)US$110.48m
Revenue (TTM)US$17.39b

15.7x

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$110.48m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.28
Gross Margin6.41%
Net Profit Margin0.64%
Debt/Equity Ratio237.5%

How did GLP perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

88%

Payout Ratio