Global Partners (NYSE:GLP) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Global Partners (NYSE:GLP) released its quarterly earnings data on Friday. The energy company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.06), reports. The business had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $6.94 billion. Global Partners had a return on equity of 15.54% and a net margin of 0.53%.

Here are the key takeaways from Global Partners’ conference call:

• Board approved a quarterly cash distribution of $0.76 per unit (the 17th consecutive increase) with distribution coverage of 1.56x (1.5x including preferred), signaling management’s confidence in cash flow stability.
• Distributable Cash Flow fell to $38.4M in Q4 2025 (adjusted DCF $38.8M) from $45.7M (adj. $46.1M) a year earlier, indicating weaker near-term cash generation versus 2024.
• Segment mix was mixed—wholesale product margin declined $21.5M and commercial margin fell $2.6M due to less favorable market conditions, partially offset by a $17.7M increase in GDSO product margin driven by higher fuel margins.
• Management emphasized strategic growth and investments—the East Providence terminal outperformed expectations, bunkering expanded into the Houston market, and 2026 CapEx guidance (maintenance $60–70M; expansion $75–85M ex‑acquisitions) is supported by a solid balance sheet (Funded Debt/EBITDA 3.59x).

Global Partners Trading Down 2.9%

Shares of NYSE:GLP opened at $46.98 on Friday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.21 and a quick ratio of 0.70. The firm has a market capitalization of $1.60 billion, a P/E ratio of 22.27 and a beta of 1.00. The business’s 50-day moving average is $45.30 and its 200 day moving average is $46.30. Global Partners has a 1 year low of $39.58 and a 1 year high of $58.11.

Global Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 9th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $3.04 annualized dividend and a yield of 6.5%. This is an increase from Global Partners’s previous quarterly dividend of $0.76. Global Partners’s dividend payout ratio is currently 145.45%.

Institutional Trading of Global Partners

Several large investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in Global Partners during the 1st quarter valued at approximately $862,000. Bank of America Corp DE grew its holdings in shares of Global Partners by 0.9% during the second quarter. Bank of America Corp DE now owns 137,822 shares of the energy company’s stock valued at $7,267,000 after buying an additional 1,227 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Global Partners by 89.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,245 shares of the energy company’s stock valued at $224,000 after acquiring an additional 2,000 shares during the period. PNC Financial Services Group Inc. purchased a new position in Global Partners in the 3rd quarter worth $48,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Global Partners by 15.8% during the third quarter. BNP Paribas Financial Markets now owns 21,073 shares of the energy company’s stock worth $1,012,000 after purchasing an additional 2,877 shares during the period. Hedge funds and other institutional investors own 38.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GLP. Zacks Research raised shares of Global Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Stifel Nicolaus lowered their target price on Global Partners from $53.00 to $45.00 and set a “hold” rating for the company in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Global Partners in a research report on Monday, December 29th. Finally, Wall Street Zen lowered Global Partners from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, Global Partners has a consensus rating of “Hold” and an average target price of $45.00.

Key Stories Impacting Global Partners

Here are the key news stories impacting Global Partners this week:

• Positive Sentiment: Management emphasized the durability of its integrated, diversified network and outlined strategic expansions that could support medium‑term volume and margin recovery. Read More.
• Positive Sentiment: Company fundamentals include a solid ROE (15.54%) and commentary positioning the business for resilience across cycles — a potential offset to near‑term earnings volatility. Read More.
• Neutral Sentiment: Global Partners filed its 2025 Form 10‑K, giving investors full disclosures on balance sheet items, debt levels and risk factors to review for longer‑term credit and strategy implications. Read More.
• Neutral Sentiment: Management slides and the full earnings call transcript are available for details on segment performance, margins, and capital allocation; use these to gauge whether the miss was one‑off or indicative of structural issues. Read More.
• Negative Sentiment: Actual results missed expectations: Q4 EPS $0.538 vs. $0.60 consensus and revenue $4.65B vs. $6.94B expected — driving downside pressure as investors reprice near‑term profitability and cash flow. Read More.
• Negative Sentiment: Market reaction includes elevated trading volume versus average and a pullback below the 200‑day moving average area, suggesting shorter‑term selling as analysts and traders digest the misses. Read More.

About Global Partners

Global Partners LP is a publicly traded master limited partnership engaged in the wholesale distribution and retail marketing of petroleum products. The company sources refined petroleum products from major refineries and suppliers and transports them through an integrated network of pipelines, terminals and storage facilities. Global Partners focuses on delivering fuel and related services to commercial, industrial and residential customers, positioning itself as a key midstream and downstream energy operator in its core markets.

Through its extensive terminal network in the northeastern United States and eastern Canada, Global Partners supplies gasoline, diesel, home heating oil, kerosene, propane and biofuels to a broad customer base.