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Global Partners LP

Energy US GLP

54.71USD
0.88(1.63%)

Last update at 2025-03-11T20:10:00Z

Day Range

52.7654.71
LowHigh

52 Week Range

26.4142.47
LowHigh

Fundamentals

  • Previous Close 53.83
  • Market Cap1413.30M
  • Volume77172
  • P/E Ratio10.70
  • Dividend Yield6.79%
  • EBITDA350.63M
  • Revenue TTM16510.01M
  • Revenue Per Share TTM485.95
  • Gross Profit TTM 1142.77M
  • Diluted EPS TTM3.89

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 379.03M 62.13M 101.56M 36.27M 108.03M
Minority interest 0.00000M 0.00000M -0.52800M -0.68900M -1.50200M
Net income 362.21M 60.80M 102.21M 35.87M 103.91M
Selling general administrative 321.32M 259.57M 192.53M 213.04M 109.38M
Selling and marketing expenses - - - - -
Gross profit 1097.65M 719.26M 721.14M 662.76M 650.41M
Reconciled depreciation 8.85M 102.24M 100.14M 108.19M 106.84M
Ebit 460.29M 142.22M 192.27M 139.21M 199.96M
Ebitda 389.27M 152.80M 205.31M 149.44M 210.92M
Depreciation and amortization -71.02200M 10.59M 13.04M 10.23M 10.96M
Non operating income net other - - -7.16400M -13.08000M -
Operating income 460.29M 142.22M 192.27M 139.21M 197.17M
Other operating expenses 18497.47M 13106.18M 8127.13M 12943.72M 12472.64M
Interest expense 81.26M 80.09M 83.54M 89.86M 89.14M
Tax provision 16.82M 1.34M -0.11900M 1.09M 5.62M
Interest income 81.26M 80.09M 83.54M 89.86M 89.14M
Net interest income -81.25900M -80.08600M -83.53900M -89.85600M -89.14500M
Extraordinary items - - - - -
Non recurring - 0.38M 1.93M 2.02M 0.41M
Other items - - - - -
Income tax expense 16.82M 1.34M -0.11900M 1.09M 5.62M
Total revenue 18877.89M 13248.28M 8321.60M 13081.73M 12672.60M
Total operating expenses 717.23M 577.17M 526.67M 524.75M 450.45M
Cost of revenue 17780.24M 12529.01M 7600.46M 12418.97M 12022.19M
Total other income expense net -81.25900M -80.08600M -90.70300M -102.93600M -2.78800M
Discontinued operations - - - - -
Net income from continuing ops 362.21M 60.80M 101.68M 35.18M 102.40M
Net income applicable to common shares 341.22M 57.22M 103.61M 37.25M 104.94M
Preferred stock and other adjustments - -3.58100M -1.39900M -1.37900M -1.03300M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 3160.89M 2831.16M 2540.50M 2808.43M 2424.29M
Intangible assets 26.85M 26.01M 35.92M 46.77M 58.53M
Earning assets - - - - -
Other current assets 73.99M 132.39M 157.56M 120.97M 98.98M
Total liab 2372.44M 2303.40M 2045.00M 2349.19M 1925.10M
Total stockholder equity 788.44M -1.90200M 1.60M -5.07600M -5.26000M
Deferred long term liab - 56.82M 56.22M 42.88M 42.86M
Other current liab 222.22M 31.65M 12.05M 12.70M 127.86M
Common stock 648.96M 527.77M 428.84M 398.54M 437.87M
Capital stock - - - - -
Retained earnings 341.22M 152.72M - - -
Other liab 187.73M 158.44M 164.68M 149.59M 157.89M
Good will 427.78M 328.13M 323.56M 324.47M 327.41M
Other assets 30.68M 32.30M 57.09M 61.57M 61.31M
Cash 4.04M 10.85M 9.71M 12.04M 8.12M
Cash and equivalents 4.04M 10.85M 9.71M 12.04M 8.12M
Total current liabilities 971.48M 839.60M 497.53M 753.89M 582.75M
Current deferred revenue - 187.60M 167.83M 150.74M 42.61M
Net debt 1427.51M 1561.56M 1482.85M 1650.73M 1279.63M
Short term debt 218.32M 267.05M 109.78M 217.06M 103.30M
Short long term debt 153.40M 204.70M 34.40M 148.90M 103.30M
Short long term debt total 1431.55M 1572.41M 1492.56M 1662.77M 1287.75M
Other stockholder equity 788.89M 1.90M -1.60000M 5.08M 5.26M
Property plant equipment 1506.31M 1379.63M 1082.49M 1104.86M 1132.63M
Total current assets 1169.26M 1065.09M 781.43M 1004.51M 874.91M
Long term investments - - - - -
Net tangible assets 193.87M 173.62M 136.01M 88.00M 113.26M
Short term investments - - - - 120.99M
Net receivables 481.22M 412.33M 229.73M 421.02M 340.21M
Long term debt 840.01M 932.71M 737.61M 690.53M 814.45M
Inventory 566.73M 509.52M 384.43M 450.48M 386.44M
Accounts payable 530.94M 353.30M 207.87M 373.39M 308.98M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -0.44900M -1.90200M 1.60M -5.07600M -5.26000M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 30.68M 32.30M 26.59M 31.07M 30.81M
Deferred long term asset charges - - - - -
Non current assets total 1991.63M 1766.08M 1759.07M 1803.91M 1549.38M
Capital lease obligations 438.13M 435.00M 302.02M 307.51M 150.00M
Long term debt total 981.80M 1077.15M 737.61M 690.53M 814.45M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -236.19300M -115.05000M -69.72800M -67.21400M -225.72000M
Change to liabilities 177.64M 145.42M -140.53500M 51.40M -5.02600M
Total cashflows from investing activities -236.19300M -115.05000M -69.72800M -67.21400M -225.72000M
Net borrowings -145.70000M 91.70M -171.95100M -327.87000M 50.60M
Total cash from financing activities -250.61200M 65.97M -245.12600M -23.26700M 50.13M
Change to operating activities 18.48M 41.68M -10.34700M 11.73M -53.35400M
Net income 362.21M 60.80M 101.68M 35.18M 102.40M
Change in cash -6.80900M 1.14M -2.32800M 3.92M -6.73700M
Begin period cash flow 10.85M 9.71M 12.04M 8.12M 14.86M
End period cash flow 4.04M 10.85M 9.71M 12.04M 8.12M
Total cash from operating activities 480.00M 50.22M 312.53M 94.40M 168.86M
Issuance of capital stock 0.00000M 72.17M 0.00000M 0.00000M 66.37M
Depreciation 104.80M 102.24M 100.14M 108.19M 106.84M
Other cashflows from investing activities -129.39600M -1.69000M 6.61M 15.65M -156.54600M
Dividends paid -100.45500M -91.91900M -71.35700M -76.62600M 66.00M
Change to inventory -52.08600M -123.88900M 65.59M -64.79000M -29.77800M
Change to account receivables -69.01500M -182.55500M 190.58M -81.36600M 80.24M
Sale purchase of stock -4.45700M -5.98100M -0.56800M -0.65700M -0.83500M
Other cashflows from financing activities 55.60M 170.30M -1.25000M -0.65700M 102.03M
Change to netincome -67.45900M 1.13M 24.22M 17.65M 12.37M
Capital expenditures 106.80M 101.72M 76.33M 82.86M 69.17M
Change receivables - -182.55500M 190.58M -81.36600M 80.24M
Cash flows other operating - 139.22M 65.75M 130.39M 1.75M
Exchange rate changes - - - - -
Cash and cash equivalents changes - 1.14M -2.32800M 3.92M -6.73700M
Change in working capital 75.02M -119.34400M 80.31M -70.01700M -7.32900M
Stock based compensation 2.70M 0.71M 1.08M 1.97M 2.74M
Other non cash items -74.31000M 5.22M 15.98M 19.06M 14.08M
Free cash flow 373.20M -51.49900M 236.19M 11.54M 99.68M

Peer Comparison

Sector: Energy Industry: Oil & Gas Midstream

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
GLP
Global Partners LP
0.88 1.63% 54.71 10.70 - 0.09 1.77 0.16 7.60
ENB
Enbridge Inc
-0.38 0.89% 42.30 32.07 17.33 1.67 1.73 2.98 10.28
EBBNF
Enbridge Inc
0.15 0.64% 23.65 8.69 - 1.66 -
EPD
Enterprise Products Partners LP
-0.48 1.43% 33.17 10.72 9.90 1.17 2.09 1.76 9.64
ET
Energy Transfer LP
0.57 3.30% 17.83 13.07 8.26 0.59 1.41 1.21 7.76

Reports Covered

Stock Research & News

Profile

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 in the New England states, Mid-Atlantic region, and New York. It is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. The company's Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, and residual oil, and propane to home heating oil retailers and wholesale distributors. This segment also aggregates crude oil through truck or pipeline in the mid-continent region of the United States and Canada, as well as transports it through rail and ships it through barge to refiners. Its Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates gasoline stations and convenience stores; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. The company's Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to customers in the public sector, as well as to commercial and industrial end-users; and sells custom blended fuels. As of December 31, 2022, it had a portfolio of 1,673 owned, leased, and supplied gasoline stations, which included 353 directly operated convenience stores; and owned, leased, or maintained storage facilities at 24 bulk terminals with a collective storage capacity of 10 million barrels. The company serves as the general partner of the company. Global Partners LP was incorporated in 2005 and is based in Waltham, Massachusetts.

Global Partners LP

800 South Street, Waltham, MA, United States, 02454-9161

Key Executives

Name Title Year Born
Mr. Eric S. Slifka Pres, CEO & Vice Chairman of Global GP LLC 1966
Mr. Gregory B. Hanson Chief Financial Officer of Global GP LLC 1978
Mr. Mark A. Romaine Chief Operating Officer of Global GP LLC 1969
Mr. Matthew Spencer Chief Accounting Officer of Global GP LLC 1979
Lorraine Spadaro Chief Information Officer NA
Mr. Scott Solomon VP of Investor Relations NA
Mr. Sean T. Geary Chief Legal Officer & Sec. NA
Catie Kerns VP of Communications & SVP of Corp. Affairs NA

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