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

Global Partners (NYSE:GLP) issued its quarterly earnings results on Friday. The energy company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $1.52, FiscalAI reports. The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations 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

Global Partners stock traded up $0.74 during trading hours on Friday, reaching $48.49. 117,748 shares of the stock were exchanged, compared to its average volume of 34,854. The firm’s 50 day moving average is $46.57 and its 200 day moving average is $45.25. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.63 and a current ratio of 1.14. The stock has a market cap of $1.65 billion, a P/E ratio of 22.98 and a beta of 1.04. Global Partners has a 52-week low of $39.58 and a 52-week high of $56.51.

Global Partners Increases Dividend

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

Analyst Ratings Changes

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

Insider Activity

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

Hedge Funds Weigh In On Global Partners

Several hedge funds have recently added to or reduced their stakes in the business. Susquehanna Portfolio Strategies LLC boosted its stake in shares of Global Partners by 14.6% during the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 4,898 shares of the energy company’s stock worth $205,000 after purchasing an additional 625 shares during the last quarter. McMillan Office Inc. acquired a new stake in shares of Global Partners during the 4th quarter worth about $29,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Global Partners during the 4th quarter worth about $29,000. LPL Financial LLC boosted its stake in shares of Global Partners by 7.1% during the 4th quarter. LPL Financial LLC now owns 14,764 shares of the energy company’s stock worth $618,000 after purchasing an additional 973 shares during the last quarter. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Global Partners during the 3rd quarter worth about $48,000. 38.12% of the stock is currently owned by hedge funds and other institutional investors.

Global Partners Company Profile

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.