GLP
Global Partners LP42.44
-1.43-3.26%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.44BP/E (TTM)
20.40Basic EPS (TTM)
2.08Dividend Yield
0.07%Recent Filings
8-K
Q3 distribution declared
Global Partners LP declared a quarterly cash distribution of $0.7550 per common unit, equating to $3.02 annualized, covering July through September 2025; payment hits November 14 to holders of record on November 10. This steady payout underscores reliable cash flows from its energy terminals and retail network, even amid economic uncertainties. Distributions face withholding for non-U.S. investors.
8-K
Series B distribution declared
Global Partners LP declared a quarterly cash distribution of $0.59375 per unit on its 9.50% fixed-rate Series B preferred units, covering August 15 through November 14, 2025, payable November 17 to holders of record on November 3. This payout, equating to $2.375 annualized, underscores steady preferred returns amid energy market shifts. Distributions to non-U.S. investors face full withholding as U.S. trade income. Forward-looking statements highlight economic recovery uncertainties impacting demand.
8-K
Q2 earnings dip, volumes rise
Global Partners LP reported Q2 2025 net income of $25.2 million, down from $46.1 million in Q2 2024, amid a $2.8 million loss on early debt extinguishment. Adjusted EBITDA fell to $98.2 million from $121.1 million, yet first-half growth in earnings and cash flow underscored diversified operations. Volumes surged 25% to 2.0 billion gallons, driven by wholesale gains, while the $450 million notes offering refinanced debt for flexibility. Debt costs weigh on margins.
10-Q
Q2 FY2025 results
Global Partners LP posted solid Q2 FY2025 results, with sales climbing 5% year-over-year to $4.6B on higher volumes, though gross profit dipped 5% to $272.4M amid softer gasoline margins; operating income fell 28% to $60.1M (derived), and diluted EPS for common units slid to $0.55 from $1.10, reconciling cleanly to 34.1M weighted shares. Wholesale volumes surged 38% to 1.48B gallons, boosted by acquired terminals, while GDSO gasoline sales eased on lower site counts, yet station operations held steady at 3% of revenue. Cash from operations hit $164.7M YTD, yielding free cash flow of $112.3M after $32.9M capex (derived), with $16.1M cash and $1.13B revolver availability supporting liquidity; the firm issued $450M 7.125% notes due 2033 in June to redeem 2027 notes, trimming debt costs. Still, regulatory pressures on emissions loom large.
8-K
Q2 2025 distribution declared
Global Partners LP declared a quarterly cash distribution of $0.7500 per common unit, equating to $3.00 annualized, for the period April 1 to June 30, 2025, payable August 14 to holders of record August 8. This steady payout underscores the partnership's reliable cash flow from its energy terminals and retail network. Distributions to non-U.S. investors face full withholding as U.S. trade income. Economic recovery timing poses risks to demand.
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