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Global Partners

GLP

Global Partners LP is a master limited partnership that operates a large-scale integrated terminal network for refined petroleum products and renewable fuels.

Market cap
$1.64B-8.0%
Revenue$19.3B+9.5%
Net income$149.4M+11.0%
Free cash flow$126.9M+336%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 7, 2026 (In 1 week)
Revenue estimate$7.5B
EPS estimate$1.24

Financials

Q1 2026

Income statement

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Revenue$5.3B+15.9%
Gross profit$332.2M+30.1%
Operating income$105.7M+89.2%
Net income$70.1M+275%

Balance sheet

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Cash & equivalents$18.4M+146%
Total debt$499.9M+14.0%
Total assets$4.3B+12.9%

Cash flow

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Operating cash flow-$104.7M-103%
CapEx$31.9M+78.1%
Free cash flow-$136.6M-96.6%

Valuation & ratios

Valuation

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Market cap$1.64B-8.0%
Enterprise value$2.12B-2.9%
P/E11×-4.4×
P/S0.1×0.0×

Profitability

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Gross margin5.9%-0.3pp
Operating margin1.5%-0.1pp
Net margin0.8%0.0pp
FCF margin0.7%

Returns & leverage

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Current ratio1.1×0.0×

Segments

By segment

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Wholesale$3.8B+20.7%
Gasoline Distribution And Station Operations$1.1B-1.9%
Commercial$367.4M+33.6%

By product

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Gasoline$982.8M-2.2%

Competitors

Profile

Global Partners LP is a master limited partnership that operates a large-scale integrated terminal network for refined petroleum products and renewable fuels. The company is a leading independent owner and operator of gasoline stations and convenience stores in the Northeast and Mid-Atlantic regions. Its core value proposition lies in its midstream logistics capabilities, including rail, pipeline, and marine connectivity, combined with a significant retail distribution footprint.

Competitive position

One of the largest independent owners and suppliers of gasoline stations in the Northeast with a strategic terminal network spanning from Maine to Florida.

GeographiesUnited States, Canada, Northeast US, Gulf Coast US
Customer segmentsWholesale distributors, Commercial and industrial enterprises, Government agencies, Individual consumers
Business modelMaster Limited Partnership (MLP), Logistics and Storage, B2B Wholesale, B2C Retail
SuppliersDomestic and foreign refiners, Ethanol producers, Crude oil producers, Major and independent oil companies, Trading companies
CustomersRetail gasoline consumers, Wholesale fuel distributors, Industrial and commercial heating customers, Public sector and municipal entities, Marine vessel operators
Listed2005
Employees5.1K
CEOEric Slifka
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is Global Partners's market cap?
Global Partners (GLP) has a market capitalization of $1.6B and trades on NYSE.
What is Global Partners's revenue and profitability?
Global Partners generated $19.3B in trailing twelve-month revenue with net income of $149.4M, representing a net margin of 0.8%. Gross margin stands at 5.9%, with free cash flow of $126.9M. These figures are based on the Q1 2026 filing.
Who are Global Partners's competitors?
Global Partners's key competitors include Sunoco LP, Casey's General Stores, CrossAmerica Partners LP Common units representing limited partner interests, and others. These companies compete in similar markets and product categories.
Who does Global Partners partner with?
Global Partners's notable partners include Exxon Mobil Corporation, New York Mercantile Exchange.
What subsidiaries does Global Partners have?
Global Partners's subsidiaries include Global Montello Group Corp., Spring Partners Retail LLC, GLP Finance Corp., and others.
Where is Global Partners headquartered?
Global Partners is headquartered in United States of America and employs approximately 5,060 people. It has been publicly traded since 2005.