GLP Q2 2023 Earnings — Global Partners LP Revenue & Financial Results | Market Cap Arena

GLPGlobal Partners LP

$2B

Q2 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$3.8B-28.0% YoY

Gross Profit

$243M6.3% margin

Operating Income

$63M1.6% margin

Net Income

$41M1.1% margin

EPS (Diluted)

$1.05

QoQ Revenue Growth

-4.9%

Cash Flow

Operating Cash Flow

$257M

Free Cash Flow

$235M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.9B

Total Liabilities

$2.2B

Stockholders' Equity

$775M

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.8B	$5.3B	-28.0%
Gross Profit	$243M	$281M	-13.8%
Operating Income	$63M	$187M	-66.4%
Net Income	$41M	$163M	-74.6%

Revenue Segments

Wholesale

$1.4B94%

Commercial

$74M5%

GDSO

$20M1%