Global Partners (NYSE:GLP) Announces Quarterly Earnings Results

Posted by Brian Himes on Aug 8th, 2026

Global Partners (NYSE:GLP – Get Free Report) released its earnings results on Friday. The energy company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.62, FiscalAI reports. The business had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $7.51 billion. Global Partners had a return on equity of 24.23% and a net margin of 0.77%.

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

Strong second-quarter results: Net income rose to $71 million from $25.2 million, while adjusted EBITDA increased to $148.2 million from $98.2 million and adjusted distributed cash flow climbed to $92.5 million from $52.3 million.
Global Partners approved its quarterly distribution of $0.78 per common unit ($3.12 annualized), with coverage of 2.25 times, or 2.19 times including preferred-unit distributions.
Higher fuel margins drove gasoline distribution growth, while favorable gasoline wholesale and bunkering conditions also supported results; fuel margins increased to $0.50 per gallon from $0.36 a year earlier.
The company redeemed all outstanding Series B preferred units, citing the accretive impact of eliminating their 9.5% fixed-rate cost, and reported strong liquidity with leverage of 2.85 times and ample revolver capacity.
Management expects steep backwardation in forward product pricing to increase the cost of carrying hedged inventory, while higher prices are causing modestly smaller fuel fill-ups and some trading down by consumers.

Global Partners Stock Performance

Shares of NYSE:GLP traded up $1.60 during trading on Friday, hitting $50.12. 149,257 shares of the company were exchanged, compared to its average volume of 62,508. The company has a market cap of $1.70 billion, a PE ratio of 13.92 and a beta of 1.01. The stock has a 50 day moving average of $47.70 and a 200 day moving average of $47.32. Global Partners has a 52-week low of $39.58 and a 52-week high of $53.25. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.12 and a quick ratio of 0.64.

Global Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Monday, August 10th. This is a positive change from Global Partners’s previous quarterly dividend of $0.77. Global Partners’s payout ratio is presently 85.00%.

Analyst Upgrades and Downgrades

GLP has been the topic of a number of recent research reports. Wall Street Zen cut Global Partners from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research lowered Global Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings upgraded Global Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Global Partners currently has a consensus rating of “Hold” and a consensus price target of $46.00.

Get Our Latest Stock Analysis on Global Partners

Hedge Funds Weigh In On Global Partners

Several hedge funds have recently made changes to their positions in GLP. Garton & Associates Financial Advisors LLC bought a new stake in shares of Global Partners during the 4th quarter valued at $29,000. Susquehanna Portfolio Strategies LLC boosted its stake in Global Partners by 14.6% in the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 4,898 shares of the energy company’s stock worth $205,000 after purchasing an additional 625 shares during the period. Osaic Holdings Inc. grew its holdings in Global Partners by 63.1% during the 4th quarter. Osaic Holdings Inc. now owns 9,788 shares of the energy company’s stock valued at $410,000 after buying an additional 3,788 shares in the last quarter. Mariner LLC purchased a new position in Global Partners during the 4th quarter valued at about $351,000. Finally, Smartleaf Asset Management LLC bought a new stake in shares of Global Partners during the fourth quarter valued at about $85,000. 38.12% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Global Partners

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

Positive Sentiment: Adjusted earnings significantly exceeded expectations. Global Partners reported quarterly EPS of $1.86, well above the $1.24 consensus estimate. Management said all business segments contributed strongly in a dynamic market environment, supporting investor confidence in the partnership’s diversified liquid-energy platform. Global Partners LP Reports Second-Quarter 2026 Financial Results
Positive Sentiment: Record profitability and cash returns were highlighted. The earnings-call materials pointed to record net income and continued distributions or other cash returns to investors. Those results may reinforce GLP’s appeal to income-oriented investors, despite its relatively thin net margin. Global Partners LP Q2 2026 Earnings Call Highlights
Positive Sentiment: Expansion spending and preferred-unit redemption provide a clearer capital-allocation path. Global Partners outlined $75 million to $85 million of 2026 expansion capital expenditures and plans to redeem its Series B preferred units. The investments could support future growth, while the redemption may simplify the capital structure and reduce preferred financing obligations. Global Partners 2026 Expansion CapEx and Series B Redemption
Neutral Sentiment: Analyst sentiment remains generally constructive. Wall Street Zen reportedly changed its rating to Buy, which may provide incremental support, but this is a third-party rating change rather than a major fundamental catalyst. Global Partners Cut to Buy at Wall Street Zen
Negative Sentiment: Revenue missed expectations. Quarterly revenue was $6.79 billion versus the $7.51 billion consensus estimate. The shortfall suggests that stronger earnings were driven more by margins, trading conditions or mix than by top-line growth, creating a potential risk if favorable market conditions fade.

About Global Partners

(Get Free Report)

Global Partners LP is a publicly traded master limited partnership engaged in the wholesale distribution and retail marketing of petroleum products. The company sources refined petroleum products from major refineries and suppliers and transports them through an integrated network of pipelines, terminals and storage facilities. Global Partners focuses on delivering fuel and related services to commercial, industrial and residential customers, positioning itself as a key midstream and downstream energy operator in its core markets.

Through its extensive terminal network in the northeastern United States and eastern Canada, Global Partners supplies gasoline, diesel, home heating oil, kerosene, propane and biofuels to a broad customer base.