Global Partners (NYSE:GLP) Posts Earnings Results, Beats Expectations By $0.28 EPS

Posted by Stuart Ham on Feb 28th, 2025

Global Partners (NYSE:GLP – Get Free Report) issued its quarterly earnings results on Friday. The energy company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.28, Zacks reports. Global Partners had a return on equity of 22.07% and a net margin of 0.82%.

Global Partners Trading Up 0.5 %

NYSE:GLP traded up $0.26 on Friday, reaching $56.83. The company’s stock had a trading volume of 41,711 shares, compared to its average volume of 100,961. Global Partners has a 1-year low of $37.00 and a 1-year high of $60.00. The business’s 50-day moving average price is $52.64 and its two-hundred day moving average price is $49.10. The firm has a market cap of $1.93 billion, a PE ratio of 17.13 and a beta of 1.47. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.64 and a current ratio of 1.14.

Global Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 5.21%. The ex-dividend date was Monday, February 10th. This is an increase from Global Partners’s previous quarterly dividend of $0.73. Global Partners’s dividend payout ratio (DPR) is presently 89.43%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus increased their price objective on shares of Global Partners from $51.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, November 12th.

Check Out Our Latest Report on GLP

Global Partners Company Profile

(Get Free Report)

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, and Commercial.