GLP Q1 2023 Earnings — Global Partners LP Revenue & Financial Results | Market Cap Arena

GLPGlobal Partners LP

$2B

Q1 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$4.0B-10.4% YoY

Gross Profit

$222M5.5% margin

Operating Income

$51M1.3% margin

Net Income

$29M0.7% margin

EPS (Diluted)

$0.70

QoQ Revenue Growth

-9.0%

Cash Flow

Operating Cash Flow

-$19M

Free Cash Flow

-$35M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$2.9B

Total Liabilities

$2.2B

Stockholders' Equity

$759M

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.0B	$4.5B	-10.4%
Gross Profit	$222M	$206M	+7.7%
Operating Income	$51M	$53M	-3.1%
Net Income	$29M	$30M	-4.8%

Revenue Segments

Wholesale

$1.6B94%

Commercial

$86M5%

GDSO

$20M1%