Global Partners LP
Description
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. This segment also transports the products by railcars, barges, trucks and/or pipelines. Its Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates gasoline stations and convenience stores; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. The Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to customers in the public sector, as well as to commercial and industrial end-users; and sells custom blended fuels. The company is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. Global Partners LP was founded in 2005 and is based in Waltham, Massachusetts.
About
CEO
Mr. Eric S. Slifka
Employees
3,485
Instrument type
Limited Partnership
Sector
Energy
Industry
Oil & Gas Midstream
MIC code
XNYS
Address
800 South Street, Waltham, MA 02454-9161, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 6, 2025 | — | — | — | — |
| Aug 5, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Feb 26, 2025 | 0.24 | — | — | — |
| Nov 8, 2024 | 1.57 | 1.17 | -0.40 | -25.48% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
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|---|---|---|---|---|
| Number of analysts | — | 0 | — | 0 |
| Average estimate | — | 0.00 | — | 0.00 |
| Low estimate | — | 0.00 | — | 0.00 |
| High estimate | — | 0.00 | — | 0.00 |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr. (Mar 2025)
—
Current year
—
Next year (Dec 2025)
—
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 16.49B | 18.88B | 13.25B | 8.32B | 13.08B |
| Cost of revenue | 15.52B | 17.78B | 12.53B | 7.60B | 12.42B |
| Gross profit | 973.64M | 1.10B | 719.26M | 721.14M | 662.76M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 273.73M | 263.11M | 212.88M | 192.53M | 170.94M |
| Other operating expenses | 450.63M | 445.27M | 353.58M | 323.30M | 342.38M |
| Operating income | 241.14M | 380.42M | 142.09M | 194.47M | 138.01M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 85.63M | 81.26M | 80.09M | 83.54M | 89.86M |
| Other income expense | 5.13M | 79.87M | 126,000 | -9.37M | -11.88M |
| Pretax income | 160.64M | 379.03M | 62.13M | 101.56M | 36.27M |
| Tax provision | 8.14M | 16.82M | 1.34M | -119,000 | 1.09M |
| Net income | 152.51M | 362.21M | 60.80M | 101.68M | 35.18M |
| Basic EPS | 3.77 | 10.06 | 1.33 | 2.77 | 0.82 |
| Diluted EPS | 3.76 | 10.02 | 1.31 | 2.74 | 0.81 |
| Basic average shares | 33.97M | 33.94M | 33.94M | 33.91M | 33.81M |
| Diluted average shares | 33.97M | 33.94M | 33.94M | 33.91M | 33.81M |
| EBITDA | 353.74M | 485.21M | 244.33M | 294.60M | 246.20M |
| Net income from continuing op. | 152.51M | 362.21M | 60.80M | 101.68M | 35.18M |
| Minority interests | — | — | — | 528,000 | 689,000 |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 3.45B | 3.16B | 2.83B | 2.54B | 2.81B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 19.64M | 4.04M | 10.85M | 9.71M | 12.04M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 551.76M | 478.84M | 411.19M | 227.32M | 413.20M |
| Other receivables | — | — | — | — | — |
| Inventory | 397.31M | 566.73M | 509.52M | 384.43M | 450.48M |
| Prepaid assets | — | 23.43M | 33.66M | 141.00M | 116.41M |
| Restricted cash | 12.78M | 23.43M | 33.66M | 21.66M | 34.47M |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | 17.66M | 19.85M | 11.65M | 16.56M | 4.56M |
| Other current assets | 90.53M | 73.99M | 87.08M | 119.34M | 81.94M |
| Non current assets | |||||
| Properties | 252.85M | 288.14M | 280.28M | 290.51M | 296.75M |
| Land and improvements | 614.55M | 523.63M | 457.26M | 449.84M | 452.10M |
| Machinery furniture equipment | 111.90M | 106.32M | 101.89M | 97.39M | 110.85M |
| Construction in progress | 54.28M | 56.05M | 52.72M | 42.43M | 27.95M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -1.01B | -909.72M | -839.52M | -750.63M | -682.54M |
| Goodwill | 879.15M | 882.41M | 682.28M | 683.06M | 695.71M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 20.72M | 26.85M | 26.01M | 35.93M | 46.77M |
| Investments and advances | 94.35M | — | — | — | — |
| Other non current assets | 37.50M | 30.68M | 32.30M | 26.59M | 31.07M |
| Total liabilities | 2.65B | 2.37B | 2.30B | 2.05B | 2.35B |
| Current liabilities | |||||
| Accounts payable | 648.72M | 530.94M | 353.30M | 207.87M | 373.39M |
| Accrued expenses | 74.07M | 59.85M | 52.22M | 46.67M | 47.95M |
| Short term debt | 76.74M | 218.32M | 267.05M | 109.78M | 217.06M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 67.40M | 42.97M | 44.22M | 36.60M | 42.93M |
| Pensions | 44.75M | 46.62M | 38.04M | 45.93M | 28.15M |
| Other current liabilities | 66.05M | 68.18M | 80.13M | 46.23M | 39.40M |
| Non current liabilities | |||||
| Long term debt | 1.46B | 1.21B | 1.31B | 1.38B | 1.45B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 68.91M | 66.40M | 56.82M | 56.22M | 42.88M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 61.16M | 57.31M | 53.46M | 59.30M | 52.45M |
| Shareholders equity | |||||
| Common stock | — | — | — | — | — |
| Retained earnings | — | — | — | — | — |
| Other shareholders equity | 381,000 | -449,000 | -1.90M | 1.60M | -5.08M |
| Total shareholders equity | 800.66M | 788.44M | 527.77M | 495.50M | 459.24M |
| Additional paid in capital | — | — | — | — | — |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | 1.17M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 152.51M | 362.21M | 60.80M | 101.68M | 35.18M | 102.40M | 57.12M | -238.62M | 43.26M | 116.98M | 41.05M | 46.74M | 19.35M | 27.04M | 34.13M | 21.06M | 47.01M | 33.46M | 9.41M | 17.31M | — | — | — |
| Depreciation | 110.09M | 104.80M | 102.24M | 100.14M | 108.19M | 106.84M | 105.65M | 111.94M | 115.85M | 86.36M | 77.13M | 45.46M | 30.36M | 20.08M | 14.74M | 14.19M | 9.61M | 4.11M | 953,000 | 3.23M | — | — | — |
| Deferred Taxes | 2.51M | 9.58M | 599,000 | 13.34M | 23,000 | -49.88M | -25.95M | -18.78M | -3.62M | -11,000 | 336,000 | 1.22M | — | 1.56M | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 10.61M | 2.70M | 707,000 | 1.08M | 1.97M | 2.74M | 2.76M | 4.15M | 4.21M | 3.49M | 1.81M | 6,000 | 361,000 | 228,000 | 1.95M | 745,000 | — | — | — | — | — | — | — |
| Other Non-Cash Items | 5.65M | 5.43M | 5.03M | 5.24M | 5.94M | 7.20M | 7.72M | 8.66M | 7.78M | 6.19M | 7.27M | 5.28M | 4.72M | 3.01M | 1.87M | 660,000 | 297,000 | 403,000 | — | — | — | — | — |
| Accounts Receivable | -79.54M | -69.02M | -182.56M | 190.58M | -81.37M | 80.24M | 3.26M | -110.80M | 156.04M | 224.46M | 8.43M | -56.69M | -71.01M | -217.88M | -90.19M | 193.66M | -238.91M | 35.30M | -57.78M | -44.39M | — | — | — |
| Accounts Payable | 117.78M | 177.64M | 145.42M | -165.51M | 64.41M | -4.43M | -6.85M | 17.41M | -172.32M | -324.50M | 18.67M | 146.95M | 132.31M | 200.02M | 23.67M | -151.56M | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 172.26M | -64.03M | -86.88M | 53.12M | -24.43M | -98.39M | 195.83M | -51.78M | -64.52M | 205.57M | 106.48M | 10.42M | -156.10M | -126.60M | 122.09M | 17.44M | -56.67M | -87.22M | -63.09M | -31.48M | — | — | — |
| Operating Cash Flow | 491.86M | 529.32M | 45.36M | 299.67M | 109.91M | 146.72M | 339.53M | -277.82M | 86.69M | 318.54M | 261.17M | 199.38M | -40.01M | -92.54M | 108.25M | 96.19M | -238.66M | -13.95M | -110.51M | -55.32M | — | — | — |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditures | -300.31M | 128.51M | 6.39M | 8.21M | 17.06M | 18.41M | 32.79M | 77.73M | 4.33M | 4.02M | 9.19M | 7.13M | 2.59M | 49,000 | 13,000 | 14,000 | -13.71M | -5.89M | -747,000 | -1.17M | — | — | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -96.80M | -256.25M | -18.03M | — | — | -171.62M | -38.48M | — | -561.17M | — | -185.26M | -188.75M | — | -248.36M | — | — | -138.02M | -6.55M | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 15.26M | — | — | — | — | — | — |
| Investing Cash Flow | -405.61M | -129.40M | -13.33M | 6.61M | 15.65M | -156.55M | -11.78M | 77.73M | -556.84M | 4.02M | -176.08M | -181.62M | 2.59M | -248.31M | 13,000 | 14,000 | -136.46M | -12.44M | -748,000 | -1.17M | — | — | 1.20M |
| Financing Activities | |||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | 344.75M | 392.60M | 50.60M | — | 62.47M | 578.64M | 258.90M | 160.60M | 217.00M | 102.20M | 252.90M | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | — | -201.30M | -78.60M | -516.70M | -409.19M | — | -218.60M | -52.30M | -700,000 | -571.14M | -212.50M | -164.40M | -95.00M | — | — | -62.74M | — | — | — | — | — | — | — |
| Other Financing Charges | -149,000 | — | — | -1.25M | -657,000 | -835,000 | -186,000 | -1.80M | -2.72M | -1.00M | -1.50M | -96,000 | -675,000 | -404,000 | -386,000 | — | — | — | -65.37M | -43.23M | -33.60M | -24.90M | -31.20M |
| Financing Cash Flow | -148.86M | -451.91M | -12.63M | -455.33M | -51.22M | 49.29M | -281.97M | -54.15M | 582.44M | -260.79M | -123.70M | -4.41M | 32.02M | 351.49M | 69.91M | -150.38M | 25.78M | -19.79M | 116.23M | -59.27M | -33.60M | -24.90M | -31.20M |
| Other Cash Details | |||||||||||||||||||||||
| End Cash Position | 19.64M | 4.04M | 10.85M | 9.71M | 12.04M | 8.12M | 14.86M | 10.03M | 1.12M | 5.24M | 9.22M | 5.98M | 4.33M | 2.36M | 662,000 | 945,000 | 2.11M | 3.86M | 1.77M | 3.31M | — | — | — |
| Income Tax Paid | 2.90M | 8.05M | — | — | — | 653,000 | 7.36M | 16.99M | 2.77M | 757,000 | 273,000 | 919,000 | 6,000 | 1.75M | 1.57M | — | — | — | — | — | — | — | — |
| Interest Paid | 65.26M | 60.91M | 54.71M | 58.64M | 67.44M | 67.16M | 62.51M | 64.11M | 59.76M | 31.55M | 34.18M | 36.36M | 31.50M | 22.05M | 15.28M | 20.70M | — | — | — | — | — | — | — |
| Free Cash Flow | 110.42M | 373.20M | -51.50M | 236.19M | 11.54M | 99.68M | 298.58M | -191.17M | -30.42M | 249.79M | 188.02M | 187.58M | -33.31M | -101.88M | -70.20M | 87.70M | -128.77M | -60.39M | -34.82M | -83.98M | 36.40M | 24.30M | 27.40M |
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