Global Partners (NYSE:GLP) Issues Quarterly Earnings Results, Beats Estimates By $1.52 EPS

Global Partners (NYSE:GLP) issued its quarterly earnings data on Friday. The energy company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $0.33 by $1.52, FiscalAI reports. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $6.98 billion. Global Partners had a net margin of 0.53% and a return on equity of 15.99%.

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

• Strong Q1 financials: Net income rose to $70.1M (vs. $18.7M), adjusted EBITDA was $140.4M (vs. $91.3M), and adjusted distributable cash flow was $96.8M (vs. $46.5M), driving materially higher cash generation year-over-year.
• Board approved a quarterly cash distribution of $0.7650 per common unit (annualized $3.06), the eighteenth consecutive quarterly increase, with distribution coverage of 1.96x (1.9x including preferred holders).
• Segment strength: GDSO product margin increased to $199.3M (gasoline margin up $0.06/gal to $0.41) and wholesale product margin rose to $154.1M, driven by favorable market conditions across gasoline and distillates.
• Market risks: steep backwardation in forward curves will raise the cost of carrying hedged inventory, prompting the company to draw down and tightly manage inventories to mitigate higher carrying costs and exposure.
• Capital allocation and balance sheet: 2026 guidance calls for $60–70M maintenance CapEx and $75–85M expansion CapEx (ex‑acquisitions); leverage was 3.1x funded debt/EBITDA at quarter end with ample revolver capacity.

Global Partners Stock Performance

Shares of NYSE:GLP traded up $0.74 during trading on Friday, reaching $48.49. The stock had a trading volume of 117,748 shares, compared to its average volume of 34,854. Global Partners has a 52 week low of $39.58 and a 52 week high of $56.51. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 22.98 and a beta of 1.04. The company has a quick ratio of 0.63, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The stock has a fifty day simple moving average of $46.57 and a two-hundred day simple moving average of $45.25.

Global Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 11th will be given a $0.765 dividend. This is a positive change from Global Partners’s previous quarterly dividend of $0.76. This represents a $3.06 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Monday, May 11th. Global Partners’s payout ratio is 144.08%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of Global Partners from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Global Partners in a research report on Friday, March 27th. Stifel Nicolaus raised their price objective on shares of Global Partners from $45.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen raised shares of Global Partners from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.00.

Insider Activity at Global Partners

In other news, COO Mark Romaine sold 7,500 shares of Global Partners stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $47.39, for a total value of $355,425.00. Following the transaction, the chief operating officer owned 151,609 shares of the company’s stock, valued at $7,184,750.51. This trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 24,063 shares of company stock valued at $1,146,471 over the last 90 days. Company insiders own 41.50% of the company’s stock.

Hedge Funds Weigh In On Global Partners

A number of institutional investors have recently modified their holdings of GLP. Garton & Associates Financial Advisors LLC bought a new position in Global Partners during the fourth quarter worth $29,000. McMillan Office Inc. bought a new position in Global Partners during the fourth quarter worth $29,000. PNC Financial Services Group Inc. bought a new position in Global Partners during the third quarter worth $48,000. Smartleaf Asset Management LLC bought a new position in Global Partners during the fourth quarter worth $85,000. Finally, Susquehanna Portfolio Strategies LLC increased its position in Global Partners by 14.6% during the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 4,898 shares of the energy company’s stock worth $205,000 after acquiring an additional 625 shares during the period. Institutional investors own 38.12% of the company’s stock.

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.