GLP Q1 2024 Earnings — Global Partners LP Revenue & Financial Results | Market Cap Arena

GLPGlobal Partners LP

$2B

Q1 2024 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$4.1B+2.9% YoY

Gross Profit

$94M2.3% margin

Operating Income

$26M0.6% margin

Net Income

-$9M-0.2% margin

EPS (Diluted)

$-0.37

QoQ Revenue Growth

-6.0%

Cash Flow

Operating Cash Flow

-$183M

Free Cash Flow

-$199M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.5B

Total Liabilities

$2.7B

Stockholders' Equity

$762M

Cash & Equivalents

$73M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.1B	$4.0B	+2.9%
Gross Profit	$94M	$222M	-57.6%
Operating Income	$26M	$51M	-49.3%
Net Income	-$9M	$29M	-130.1%

Revenue Segments

Wholesale

$2.6B64%

GDSO

$1.2B30%

Commercial

$279M7%