Global Partners (NYSE:GLP) Issues Earnings Results

Global Partners (NYSE:GLP) posted its earnings results on Friday. The energy company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.35), FiscalAI reports. The company had revenue of $6.68 billion for the quarter, compared to analyst estimates of $7.41 billion. Global Partners had a return on equity of 30.87% and a net margin of 0.91%.

Here are the key takeaways from Global Partners’ conference call:

• Profitability and cash flow improved: Third-quarter adjusted EBITDA rose to $122.9 million from $98.8 million a year earlier, while adjusted distributable cash flow increased to $70.3 million from $53.3 million.
• Wholesale strength more than offset retail weakness: Wholesale product margin increased $33.4 million to $111.4 million on more favorable market conditions, while GDSO product margin fell $8.3 million, primarily because of lower gasoline volumes.
• Higher retail fuel prices weighed on customer fuel consumption and gasoline distribution volumes. Management also expects steep backwardation in forward pricing to raise the cost of carrying hedged inventory in future periods.
• Distribution increased for the 20th consecutive quarter to $0.785 per unit, or $3.14 annualized; quarter-end distribution coverage was 2.3 times.
• The company reported leverage of approximately 2.8 times, redeemed its $75 million of Series B preferred units, and extended its credit agreement maturity to October 2031. It raised its 2026 maintenance capital expenditure outlook by $5 million, to $65 million–$75 million.

Global Partners Stock Up 5.9%

Shares of GLP traded up $2.46 on Friday, hitting $44.13. The company’s stock had a trading volume of 160,159 shares, compared to its average volume of 53,423. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 2.44. The firm’s fifty day moving average price is $48.87 and its 200-day moving average price is $47.97. Global Partners has a fifty-two week low of $39.58 and a fifty-two week high of $54.29. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 8.99 and a beta of 1.10.

Global Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Monday, November 9th will be issued a dividend of $0.7850 per share. This is a boost from Global Partners’s previous quarterly dividend of $0.78. The ex-dividend date is Monday, November 9th. This represents a $3.14 annualized dividend and a dividend yield of 7.1%. Global Partners’s dividend payout ratio (DPR) is presently 63.54%.

Wall Street Analyst Weigh In

GLP has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Global Partners from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, September 28th. Wall Street Zen cut shares of Global Partners from a “strong-buy” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Global Partners presently has a consensus rating of “Hold” and an average target price of $46.00.

Key Global Partners News

Here are the key news stories impacting Global Partners this week:

• Positive Sentiment: A higher payout appeared to boost investor interest in GLP’s income potential. Global Partners Stock Is Up 8.0% What’s Changed After Higher Payout
• Positive Sentiment: Global Partners extended its credit facility maturity to October 2031, providing longer-term financing certainty. 2026 CapEx and credit maturity extension
• Neutral Sentiment: The company expects 2026 maintenance capital spending of $65 million to $75 million; this provides a planning signal but is also a cash requirement. 2026 CapEx and credit maturity extension
• Neutral Sentiment: Wall Street Zen lowered its rating to “Buy,” which remains favorable but represents a downgrade from its prior rating. Wall Street Zen rating change
• Negative Sentiment: Third-quarter 2026 results missed expectations: EPS was $1.26 versus the $1.61 consensus, and revenue was $6.68 billion versus estimates of $7.41 billion. The earnings shortfall could weigh on sentiment despite the payout news. Global Partners third-quarter 2026 results

About Global Partners

Global Partners LP (NYSE: GLP) is an integrated energy company that owns, supplies, stores, transports and markets energy products. The company’s activities include the wholesale distribution of gasoline, diesel, distillates, residual oil, renewable fuels and other petroleum products, as well as the terminaling and storage of these products.

Global Partners serves customers primarily across the northeastern and mid-Atlantic United States. Its wholesale operations supply gasoline stations, commercial and industrial users, utilities, distributors and other energy customers.