Global Partners Lp - Understand $glp stock

$GLP Market Cap: $1.918 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$17.39B

TTM

Gross Margin

6.14%

TTM

Net Earnings

$134.6M

TTM

Current Assets

$1.125B

Q3 2024

Current Liabilities

$983.3M

Q3 2024

Current Ratio

114.41%

Q3 2024

Total Assets

$3.665B

Q3 2024

Total Liabilities

$2.942B

Q3 2024

Book Value

$723.3M

Q3 2024

Cash

$20.57M

Q3 2024

P/E

14.25

Nov 29, 2024 EST

Free Cash Flow

$43.17M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$16.49B	$18.88B	$13.25B	$8.322B	$13.08B	$12.67B	$8.921B	$8.240B	$10.32B	$17.27B	$19.59B	$17.63B	$14.84B	$7.802B	$5.818B	$9.019B	$6.758B	$4.472B	$4.046B	$3.188B	$2.478B
YoY Change	-12.64%	42.49%	59.2%	-36.39%	3.23%	42.05%	8.26%	-20.12%	-40.27%	-11.84%	11.14%	18.81%	90.16%	34.08%	-35.49%	33.46%	51.12%	10.53%	26.91%	28.65%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$16.49B	$18.88B	$13.25B	$8.322B	$13.08B	$12.67B	$8.921B	$8.240B	$10.32B	$17.27B	$19.59B	$17.63B	$14.84B	$7.802B	$5.818B	$9.019B	$6.758B	$4.472B	$4.046B	$3.188B	$2.478B
Cost Of Revenue	$15.52B	$17.78B	$12.53B	$7.600B	$12.42B	$12.02B	$8.338B	$7.693B	$9.717B	$16.73B	$19.18B	$17.29B	$14.63B	$7.635B	$5.669B	$8.899B	$6.631B	$4.359B	$3.954B	$3.112B	$2.411B
Gross Profit	$973.6M	$1.098B	$719.3M	$721.1M	$662.8M	$650.4M	$583.0M	$546.0M	$598.0M	$545.0M	$405.8M	$333.5M	$209.6M	$166.7M	$149.8M	$120.0M	$127.0M	$113.0M	$92.00M	$76.00M	$67.00M
Gross Profit Margin	5.9%	5.81%	5.43%	8.67%	5.07%	5.13%	6.54%	6.63%	5.8%	3.16%	2.07%	1.89%	1.41%	2.14%	2.58%	1.33%	1.88%	2.53%	2.27%	2.38%	2.7%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Selling, General & Admin	$273.7M	$263.1M	$212.9M	$192.5M	$170.9M	$171.0M	$163.0M	$150.0M	$177.0M	$154.0M	$115.5M	$95.71M	$73.88M	$66.06M	$61.05M	$42.00M	$46.00M	$43.00M	$40.00M	$33.00M	$30.00M
YoY Change	4.04%	23.6%	10.57%	12.63%	-0.04%	4.91%	8.67%	-15.25%	14.94%	33.34%	20.67%	29.54%	11.84%	8.21%	45.35%	-8.7%	6.98%	7.5%	21.21%	10.0%
% of Gross Profit	28.11%	23.97%	29.6%	26.7%	25.79%	26.29%	27.96%	27.47%	29.6%	28.26%	28.46%	28.7%	35.25%	39.63%	40.75%	35.0%	36.22%	38.05%	43.48%	43.42%	44.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$110.1M	$104.8M	$102.2M	$100.1M	$108.2M	$106.8M	$105.7M	$111.9M	$115.9M	$86.40M	$77.13M	$45.46M	$30.36M	$20.08M	$14.74M	$14.20M	$9.200M	$4.100M	$3.900M	$3.200M	$2.400M
YoY Change	5.05%	2.5%	2.14%	-7.49%	1.31%	1.04%	-5.54%	-3.45%	34.14%	12.01%	69.68%	49.73%	51.18%	36.24%	3.8%	54.35%	124.39%	5.13%	21.88%	33.33%
% of Gross Profit	11.31%	9.55%	14.21%	13.88%	16.33%	16.42%	18.13%	20.49%	19.38%	15.85%	19.01%	13.63%	14.48%	12.05%	9.84%	11.83%	7.24%	3.63%	4.24%	4.21%	3.58%
Operating Expenses	$729.9M	$637.4M	$577.0M	$528.9M	$523.5M	$453.2M	$464.0M	$448.0M	$481.0M	$377.0M	$320.4M	$243.1M	$154.2M	$117.4M	$99.08M	$77.00M	$75.00M	$67.00M	$62.00M	$54.00M	$49.00M
YoY Change	14.51%	10.45%	9.11%	1.02%	15.51%	-2.32%	3.57%	-6.86%	27.59%	17.66%	31.78%	57.64%	31.42%	18.46%	28.67%	2.67%	11.94%	8.06%	14.81%	10.2%
Operating Profit	$243.8M	$460.3M	$142.2M	$192.3M	$139.2M	$197.2M	$119.0M	$98.00M	$117.0M	$168.0M	$85.41M	$90.34M	$55.35M	$49.35M	$50.75M	$43.00M	$52.00M	$46.00M	$30.00M	$22.00M	$18.00M
YoY Change	-47.04%	223.65%	-26.03%	38.11%	-29.4%	65.69%	21.43%	-16.24%	-30.36%	96.7%	-5.46%	63.21%	12.17%	-2.76%	18.03%	-17.31%	13.04%	53.33%	36.36%	22.22%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Interest Expense	-$85.63M	-$81.26M	-$80.09M	-$83.54M	-$89.86M	-$89.15M	-$86.00M	-$86.00M	-$73.00M	-$48.00M	$43.54M	$42.02M	$35.93M	$22.31M	$15.19M	-$21.00M	-$3.000M	-$12.00M	-$10.00M	-$5.000M	-$2.000M
YoY Change	5.38%	1.46%	-4.13%	-7.03%	0.8%	3.66%	0.0%	17.81%	52.08%	-210.25%	3.61%	16.95%	61.06%	46.89%	-172.32%	600.0%	-75.0%	20.0%	100.0%	150.0%
% of Operating Profit	-35.13%	-17.65%	-56.31%	-43.45%	-64.55%	-45.21%	-72.27%	-87.76%	-62.39%	-28.57%	50.97%	46.51%	64.92%	45.21%	29.93%	-48.84%	-5.77%	-26.09%	-33.33%	-22.73%	-11.11%
Other Income/Expense, Net																		$1.000M	-$1.000M	$0.00	$0.00
YoY Change																		-200.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Pretax Income	$160.6M	$379.0M	$62.13M	$101.6M	$36.27M	$108.0M	$34.00M	-$239.0M	$41.00M	$118.0M	$41.87M	$48.32M	$19.42M	$27.04M	$35.56M	$22.00M	$48.00M	$35.00M	$19.00M	$17.00M	$16.00M
YoY Change	-57.62%	510.04%	-38.82%	180.0%	-66.42%	217.72%	-114.23%	-682.93%	-65.25%	181.81%	-13.34%	148.82%	-28.18%	-23.97%	61.65%	-54.17%	37.14%	84.21%	11.76%	6.25%
Income Tax	$8.136M	$16.82M	$1.336M	-$119.0K	$1.094M	$5.623M	-$1.000M	$0.00	-$2.000M	$1.000M	$819.0K	$1.577M	$68.00K	$0.00	$1.429M	$1.000M	$1.000M	$2.000M	$1.000M	$0.00	$0.00
% Of Pretax Income	5.06%	4.44%	2.15%	-0.12%	3.02%	5.21%	-2.94%		-4.88%	0.85%	1.96%	3.26%	0.35%	0.0%	4.02%	4.55%	2.08%	5.71%	5.26%	0.0%	0.0%
Net Earnings	$152.5M	$362.2M	$60.80M	$102.2M	$35.87M	$103.9M	$59.00M	-$199.0M	$44.00M	$115.0M	$43.00M	$47.00M	$19.35M	$27.04M	$34.13M	$21.00M	$47.00M	$33.00M	$18.00M	$17.00M	$16.00M
YoY Change	-57.9%	495.77%	-40.52%	184.97%	-65.48%	76.11%	-129.65%	-552.27%	-61.74%	167.44%	-8.51%	142.87%	-28.43%	-20.79%	62.54%	-55.32%	42.42%	83.33%	5.88%	6.25%
Net Earnings / Revenue	0.92%	1.92%	0.46%	1.23%	0.27%	0.82%	0.66%	-2.42%	0.43%	0.67%	0.22%	0.27%	0.13%	0.35%	0.59%	0.23%	0.7%	0.74%	0.44%	0.53%	0.65%
Basic Earnings Per Share
Diluted Earnings Per Share	$3.76	$10.02	$1.774M	$3.000M	$1.059M	$3.059M	$1.735M	-$5.853M	$1.375M	$4.107M	$1.536M	$1.741M	$904.8K	$1.588M	$2.615M	$1.615M	$3.917M	$3.000M	$1.636M	$1.545M	$1.455M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$19.64M	$4.040M	$10.85M	$9.700M	$12.00M	$129.1M	$47.30M	$70.00M	$12.80M	$96.10M	$9.200M	$6.000M	$4.300M	$2.400M	$700.0K	$900.0K	$2.100M	$17.80M	$1.800M	$3.300M
YoY Change	386.19%	-62.76%	11.85%	-19.17%	-90.7%	172.94%	-32.43%	446.88%	-86.68%	944.57%	53.33%	39.53%	79.17%	242.86%	-22.22%	-57.14%	-88.2%	888.89%	-45.45%
Cash & Equivalents	$19.64M	$4.040M	$10.85M	$9.700M	$12.00M	$8.100M	$14.90M	$10.00M	$1.100M	$5.200M	$9.200M	$6.000M	$4.300M	$2.400M	$700.0K	$900.0K	$2.100M	$3.900M	$1.800M	$3.300M
Short-Term Investments						$121.0M	$32.50M	$60.00M	$11.70M	$90.90M							$0.00	$13.90M	$0.00
Other Short-Term Assets	$121.0M	$117.3M	$132.4M	$157.5M	$120.9M	$19.20M	$59.00M	$59.00M	$151.3M	$64.40M	$104.5M	$168.2M	$128.8M	$54.10M	$58.70M	$202.9M	$31.00M	$85.60M	$17.00M	$12.10M
YoY Change	3.15%	-11.42%	-15.95%	30.27%	529.69%	-67.46%	0.0%	-61.0%	134.94%	-38.37%	-37.87%	30.59%	138.08%	-7.84%	-71.07%	554.52%	-63.79%	403.53%	40.5%
Inventory	$397.3M	$566.7M	$509.5M	$384.4M	$450.5M	$386.4M	$350.7M	$521.9M	$389.0M	$336.8M	$572.8M	$634.7M	$664.1M	$586.8M	$465.9M	$240.3M	$484.3M	$288.1M	$260.7M	$165.6M
Prepaid Expenses
Receivables	$559.9M	$481.2M	$412.3M	$229.7M	$421.0M	$340.2M	$421.0M	$424.5M	$313.9M	$461.6M	$687.8M	$698.1M	$623.4M	$554.3M	$337.5M	$249.2M	$443.5M	$204.6M	$239.9M	$164.5M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.098B	$1.169B	$1.065B	$781.4M	$1.005B	$874.9M	$878.1M	$1.076B	$867.0M	$959.0M	$1.374B	$1.507B	$1.421B	$1.198B	$862.9M	$693.3M	$960.9M	$596.1M	$519.3M	$345.5M
YoY Change	-6.11%	9.78%	36.3%	-22.21%	14.81%	-0.36%	-18.35%	24.05%	-9.59%	-30.22%	-8.8%	6.07%	18.62%	38.79%	24.46%	-27.85%	61.2%	14.79%	50.3%
Property, Plant & Equipment	$1.766B	$1.506B	$1.380B	$1.373B	$1.402B	$1.133B	$1.037B	$1.100B	$1.243B	$825.1M	$803.6M	$712.3M	$408.9M	$422.7M	$159.3M	$162.0M	$161.7M	$31.70M	$22.00M	$22.60M
YoY Change	17.27%	9.18%	0.48%	-2.04%	23.75%	9.25%	-5.75%	-11.49%	50.61%	2.68%	12.82%	74.2%	-3.26%	165.35%	-1.67%	0.19%	410.09%	44.09%	-2.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$94.35M								$0.00	$0.00		$0.00	$300.0K
YoY Change												-100.0%
Other Assets	$37.50M	$30.68M	$32.30M	$26.60M	$31.10M	$30.80M	$36.40M	$28.90M	$42.90M	$43.70M	$28.10M	$17.30M	$10.10M	$11.90M	$2.000M	$2.600M	$2.500M	$2.100M	$2.800M	$2.600M
YoY Change	22.24%	-5.02%	21.42%	-14.47%	0.97%	-15.38%	25.95%	-32.63%	-1.83%	55.52%	62.43%	71.29%	-15.13%	495.0%	-23.08%	4.0%	19.05%	-25.0%	7.69%
Total Long-Term Assets	$2.348B	$1.992B	$1.766B	$1.759B	$1.804B	$1.549B	$1.442B	$1.489B	$1.797B	$1.072B	$1.054B	$822.9M	$456.0M	$474.7M	$189.8M	$196.0M	$198.3M	$42.80M	$35.50M	$47.50M
YoY Change	17.9%	12.77%	0.4%	-2.48%	16.43%	7.44%	-3.12%	-17.15%	67.63%	1.73%	28.03%	80.46%	-3.94%	150.11%	-3.16%	-1.16%	363.32%	20.56%	-25.26%
Total Assets	$3.446B	$3.161B	$2.831B	$2.541B	$2.808B	$2.424B	$2.320B	$2.564B	$2.664B	$2.031B	$2.428B	$2.330B	$1.877B	$1.672B	$1.053B	$889.3M	$1.159B	$638.9M	$554.8M	$393.0M
YoY Change
Accounts Payable	$648.7M	$530.9M	$353.3M	$207.9M	$373.4M	$309.0M	$313.4M	$320.3M	$303.8M	$456.6M	$781.1M	$759.7M	$575.8M	$443.5M	$243.4M	$219.8M	$371.3M	$222.0M	$259.5M	$140.5M
YoY Change	22.18%	50.28%	69.94%	-44.32%	20.84%	-1.4%	-2.15%	5.43%	-33.46%	-41.54%	2.82%	31.94%	29.83%	82.21%	10.74%	-40.8%	67.25%	-14.45%	84.7%
Accrued Expenses	$239.8M	$221.9M	$201.1M	$202.2M	$171.0M	$117.3M	$99.50M	$70.40M	$60.00M	$70.60M	$46.70M	$71.40M	$41.20M	$30.50M	$36.10M	$54.10M	$69.80M	$35.60M	$28.60M	$25.20M
YoY Change	8.09%	10.34%	-0.55%	18.25%	45.78%	17.89%	41.34%	17.33%	-15.01%	51.18%	-34.59%	73.3%	35.08%	-15.51%	-33.27%	-22.49%	96.07%	24.48%	13.49%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$700.0K	$3.700M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change									-100.0%	-81.08%
Long-Term Debt Due	$16.80M	$153.4M	$204.7M	$34.40M	$148.9M	$103.3M	$126.7M	$274.6M	$98.10M	$0.00		$83.70M	$62.80M	$193.2M	$221.7M	$208.2M	$306.0M	$189.0M	$96.10M	$145.2M
YoY Change	-89.05%	-25.06%	495.06%	-76.9%	44.14%	-18.47%	-53.86%	179.92%				33.28%	-67.49%	-12.86%	6.48%	-31.96%	61.9%	96.67%	-33.82%
Total Short-Term Liabilities	$982.8M	$971.5M	$839.6M	$497.5M	$753.9M	$582.8M	$668.7M	$799.2M	$594.7M	$707.5M	$972.6M	$1.045B	$778.8M	$751.7M	$567.6M	$494.7M	$789.9M	$447.8M	$386.4M	$317.3M
YoY Change	1.16%	15.71%	68.76%	-34.01%	29.36%	-12.85%	-16.33%	34.39%	-15.94%	-27.26%	-6.95%	34.21%	3.61%	32.43%	14.74%	-37.37%	76.4%	15.89%	21.78%
Long-Term Debt	$1.261B	$981.8M	$1.077B	$1.156B	$1.206B	$1.185B	$1.108B	$1.178B	$1.165B	$593.9M	$910.0M	$762.8M	$731.1M	$593.5M	$312.1M	$225.3M	$190.2M	$83.20M	$87.40M	$47.90M
YoY Change	28.46%	-8.85%	-6.83%	-4.17%	1.85%	6.89%	-5.96%	1.11%	96.23%	-34.74%	19.3%	4.34%	23.18%	90.16%	38.53%	18.45%	128.61%	-4.81%	82.46%
Other Long-Term Liabilities	$332.4M	$352.8M	$329.8M	$335.1M	$346.1M	$115.0M	$109.0M	$122.6M	$124.8M	$80.30M	$82.20M	$85.30M	$51.40M	$50.30M	$15.60M	$25.80M	$18.80M	$4.600M	$4.700M	$4.600M
YoY Change	-5.76%	6.95%	-1.57%	-3.18%	200.96%	5.5%	-11.09%	-1.76%	55.42%	-2.31%	-3.63%	65.95%	2.19%	222.44%	-39.53%	37.23%	308.7%	-2.13%	2.17%
Total Long-Term Liabilities	$1.594B	$1.335B	$1.407B	$1.491B	$1.553B	$1.300B	$1.217B	$1.301B	$1.290B	$674.2M	$992.2M	$848.1M	$782.5M	$643.8M	$327.7M	$251.1M	$209.0M	$87.80M	$92.10M	$52.50M
YoY Change	19.41%	-5.15%	-5.65%	-3.95%	19.47%	6.77%	-6.44%	0.83%	91.37%	-32.05%	16.99%	8.38%	21.54%	96.46%	30.51%	20.14%	138.04%	-4.67%	75.43%
Total Liabilities	$2.645B	$2.372B	$2.303B	$2.045B	$2.350B	$1.927B	$1.929B	$2.171B	$2.016B	$1.444B	$2.013B	$1.893B	$1.561B	$1.396B	$895.3M	$745.8M	$998.9M	$535.6M	$478.4M	$369.8M
YoY Change	11.5%	3.0%	12.64%	-12.99%	21.97%	-0.11%	-11.15%	7.71%	39.61%	-28.26%	6.31%	21.26%	11.88%	55.87%	20.05%	-25.34%	86.5%	11.96%	29.37%

Ownership

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Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Basic Shares Outstanding
Diluted Shares Outstanding
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Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.9177 Billion

About GLOBAL PARTNERS LP

Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. The company is headquartered in Waltham, Massachusetts and currently employs 3,485 full-time employees. The company went IPO on 2005-09-29. The company operates or maintains storage at 54 liquid energy terminals with connectivity to rail, pipeline, and marine assets spanning from Maine to Florida and into the United States Gulf States. The company distributes gasoline, distillates, residual oil, and renewable fuels. The Company’s segments include Wholesale, Gasoline Distribution and Station Operations (GDSO) and Commercial. Wholesale segment is engaged in the logistics of selling, gathering, blending, storing and transporting refined petroleum products, gasoline blend stocks, renewable fuels, crude oil and propane. GDSO segment includes sales of branded and unbranded gasoline to gasoline station operators and sub-jobbers. Commercial segment includes sales and deliveries to end user customers in the public sector and to large commercial and industrial end users.

Industry: Wholesale-Petroleum Bulk Stations & Terminals Peers: CrossAmerica Partners LP DORIAN LPG LTD. ENTERPRISE PRODUCTS PARTNERS L.P. GENESIS ENERGY LP NextDecade Corp. HOLLY ENERGY PARTNERS LP International Seaways, Inc. NuStar Energy L.P. PBF Logistics LP Sprague Resources LP