GLP (Global Partners LP) Stock Financials & Earnings | Market Cap Arena

GLP (Global Partners LP) Stock Financials & Earnings | Market Cap Arena

GLPGlobal Partners LP

Mkt Cap$2B

Energy·Oil & Gas Midstream·🇺🇸 United States·NYSE

Revenue (TTM)$18.6B

Net Income (TTM)$84M

EPS (TTM)$2.11

Free Cash Flow (TTM)$198M

Gross Margin4.7%

Op. Margin1.0%

Net Margin0.5%

FCF Margin1.1%

P/S Ratio (TTM)0.1x

P/E Ratio (TTM)19.6x

YoY Rev Growth+8.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$4.0B	$222M	$51M
Q2 23	$3.8B	$243M	$63M
Q3 23	$4.2B	$229M	$48M
Q4 23	$4.4B	$280M	$82M
Q1 24	$4.1B	$94M	$26M
Q2 24	$4.4B	$288M	$84M
Q3 24	$4.4B	$286M	$83M
Q4 24	$4.2B	$269M	$58M
Q1 25	$4.6B	$255M	$56M
Q2 25	$4.6B	$132M	$58M
Q3 25	$4.7B	$271M	$61M
Q4 25	$4.6B	$220M	$16M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	0.1x	4.5x
Q2 23	0.1x	6.9x
Q3 23	0.1x	10.6x
Q4 23	0.1x	10.8x
Q1 24	0.1x	14.3x
Q2 24	0.1x	14.0x
Q3 24	0.1x	12.1x
Q4 24	0.1x	15.7x
Q1 25	0.1x	12.4x
Q2 25	0.1x	15.0x
Q3 25	0.1x	18.8x
Q4 25	0.1x	19.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$19M	-$35M
Q2 23	$257M	$235M
Q3 23	$97M	$80M
Q4 23	$167M	-$180M
Q1 24	-$183M	-$199M
Q2 24	$32M	$17M
Q3 24	$120M	$96M
Q4 24	$62M	-$200M
Q1 25	-$52M	-$69M
Q2 25	$222M	$207M
Q3 25	$19M	-$678K
Q4 25	$101M	$62M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$15M
Q2 23	$22M
Q3 23	$17M
Q4 23	$347M
Q1 24	$17M
Q2 24	$16M
Q3 24	$24M
Q4 24	$262M
Q1 25	$18M
Q2 25	$15M
Q3 25	$20M
Q4 25	$39M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-10.4%	-10.5%
Q2 23	-28.0%	-26.6%
Q3 23	-8.8%	-7.0%
Q4 23	-0.4%	-0.5%
Q1 24	+2.9%	+3.5%
Q2 24	+15.1%	+14.8%
Q3 24	+4.8%	+4.0%
Q4 24	-5.1%	-4.6%
Q1 25	+10.8%	+10.1%
Q2 25	+4.9%	+5.6%
Q3 25	+6.2%	+6.8%
Q4 25	+11.0%	+12.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$1M	0.0%
Q2 23	$0	0.0%
Q3 23	$3M	0.1%
Q4 23	$0	0.0%
Q1 24	$3M	0.1%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$3M	0.1%
Q2 25	$0	0.0%
Q3 25	$3M	0.1%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 23	$62M
Q2 23	$67M
Q3 23	$63M
Q4 23	$81M
Q1 24	$68M
Q2 24	$72M
Q3 24	$70M
Q4 24	$79M
Q1 25	$74M
Q2 25	$73M
Q3 25	$76M
Q4 25	$79M

Revenue Segments

Quarter	Commercial	Gdso	Wholesale
Q3 23	$274M	$1.6B	$2.3B
Q1 24	$279M	$1.2B	$2.6B
Q2 24	$281M	$1.5B	$2.7B
Q3 24	$277M	$1.4B	$2.7B
Q1 25	$275M	$1.1B	$3.2B
Q2 25	$276M	$1.2B	$3.1B
Q3 25	$298M	$1.3B	$3.1B
Q4 25	$270M	$1.2B	$3.2B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$7M	$0	$7M
Q2 23	$11M	$0	$11M
Q3 23	$11M	$0	$11M
Q4 23	$20M	$0	$20M
Q1 24	$73M	$0	$73M
Q2 24	$14M	$0	$14M
Q3 24	$21M	$0	$21M
Q4 24	$8M	$0	$8M
Q1 25	$7M	$0	$7M
Q2 25	$16M	$0	$16M
Q3 25	$18M	$0	$18M
Q4 25	$12M	$0	$12M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	34M	+0.0%
Q2 23	34M	+0.0%
Q3 23	34M	+0.2%
Q4 23	34M	+0.0%
Q1 24	34M	-0.3%
Q2 24	34M	+0.9%
Q3 24	34M	-0.2%
Q4 24	34M	+0.4%
Q1 25	34M	-0.1%
Q2 25	34M	-0.6%
Q3 25	34M	+0.2%
Q4 25	34M	-0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$15M	1K
FY 15	$5M	2K
FY 16	$5M	2K
FY 17	$4M	2K
FY 18	$5M	3K
FY 19	$3M	4K
FY 20	$2M	4K
FY 21	$4M	3K
FY 22	$4M	4K
FY 23	$3M	5K
FY 24	$4M	5K
FY 25	$4M	5K