Global Partners (NYSE:GLP) Announces Quarterly Earnings Results

Global Partners (NYSE:GLP) released its quarterly 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 the consensus estimate of $7.41 billion. Global Partners had a net margin of 0.91% and a return on equity of 30.87%.

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 Price Performance

Shares of GLP traded up $2.46 during trading hours on Friday, reaching $44.13. 160,159 shares of the stock traded hands, compared to its average volume of 58,673. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 2.44. Global Partners has a 52-week low of $39.58 and a 52-week high of $54.29. The company’s 50-day moving average price is $48.87 and its two-hundred day moving average price is $47.97. The company has a market cap of $1.50 billion, a P/E ratio of 8.17 and a beta of 1.10.

Global Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 9th will be paid a dividend of $0.7850 per share. This is a positive change from Global Partners’s previous quarterly dividend of $0.78. The ex-dividend date is Monday, November 9th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 7.1%. Global Partners’s dividend payout ratio is presently 63.54%.

Global Partners News Summary

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings raised Global Partners from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, September 28th. Wall Street Zen downgraded Global Partners from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.00.

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.