Global Partners LP (GLP) is a publicly traded company in the Energy — Oil & Gas Midstream industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
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 (GDSO), and Commercial.
Analysis Summary
Global Partners LP reported revenue of $18.56B in the most recent fiscal year, growing at a 5-year CAGR of 17.4%. Net income reached $79.2M, with a -5.0% 5-year CAGR.
Trailing-twelve-month margins: gross margin 5.9%, operating margin 2.5%, net margin 0.8%. Free cash flow grew at -3.9% CAGR over 5 years.
At the current price of $50.76, GLP trades at a P/E of 10.49 and an ROE of 24.61%. Market capitalisation stands at $1.7B.
Balance sheet quality for GLP: current ratio of 1.1, net debt of $2.06B. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is strong: free cash flow of $193.3M represents 244% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Price
| Price | $50.76 |
| Market Cap | $1.7B |
| Exchange | NYSE |
| Country | US |
Valuation Ratios
| P/E Ratio | 10.49 |
| Price / Book | 2.36 |
| EV / EBITDA | 9.35 |
| Dividend Yield | 5.92% |
Profitability
| Return on Equity | 24.61% |
| Return on Invested Capital | 17.53% |
| Return on Assets | 4.29% |
| Gross Margin | 5.92% |
| Operating Margin | 2.50% |
| Net Margin | 0.80% |
Financial Health
| Debt / Equity | 2.70 |
| Current Ratio | 1.19 |
What to look at in Energy companies
- FCF yield (>8%) — Cash generated / market cap. In energy FCF beats EPS.
- ROIC 5y avg (>=10%) — Include good and bad years to filter the truly disciplined.
- Positive FCF in 8 of last 10y (>=8/10) — Disciplined names (XOM, CVX, EOG) survive 2014-16 and 2020 crashes.
- Dividend coverage (FCF / div) (>=1.2x) — Dividend covered by FCF, not borrowed. <1x = likely cut.
- Net Debt / EBITDA (<2x at peak) — Look at it with trough EBITDA, not the peak.
- Capex / Revenue (10-20% healthy) — Energy needs aggressive reinvestment to maintain reserves.
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| GLP | Global Partners LP | $1.7B | 10.49 | 2.36 | 24.6% |
| EFXT | Enerflex Ltd. | $2.7B | 41.05 | 2.31 | |
| INVX | Innovex International, Inc. | $2.0B | 32.12 | 1.86 | 5.9% |
| LPG | Dorian LPG Ltd. | $2.5B | |||
| DNOW | Dnow Inc. | $2.8B | 1.38 | -9.8% |
Price Performance
| 1 month | +0.02% |
| 3 months | +19.21% |
| Year-to-date | +21.29% |
| 1 year | -0.67% |
| 3 years | +53.26% |
| 5 years | +144.51% |
52-Week Range
| 52-week High | $54.29 |
| 52-week Low | $39.58 |
| Avg Volume (90d) | 98K |
Dividend History
| Date | Amount | Yield |
|---|---|---|
| 2026-08-10 | $0.7800 | 6.15% |
| 2026-05-11 | $0.7650 | 6.03% |
| 2026-02-09 | $0.7600 | 5.99% |
| 2025-11-10 | $0.7550 | 5.95% |
| 2025-08-08 | $0.7500 | 5.91% |
| 2025-05-09 | $0.7450 | 5.87% |
| 2025-02-10 | $0.7400 | 5.83% |
| 2024-11-08 | $0.7300 | 5.75% |
| 2024-08-08 | $0.7200 | 5.67% |
| 2024-05-08 | $0.7100 | 5.59% |
Related companies: DNOW · EFXT · FLNG · FLOC · INVX · LPG · NEXT
Explore sector: Energy · Oil & Gas Midstream
More sections of GLP: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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