GLP Q3 2023 Earnings — Global Partners LP Revenue & Financial Results | Market Cap Arena

GLPGlobal Partners LP

$2B

Q3 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$4.2B-8.8% YoY

Gross Profit

$229M5.4% margin

Operating Income

$48M1.1% margin

Net Income

$27M0.6% margin

EPS (Diluted)

$0.60

QoQ Revenue Growth

+10.2%

Cash Flow

Operating Cash Flow

$97M

Free Cash Flow

$80M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$2.3B

Stockholders' Equity

$773M

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.2B	$4.6B	-8.8%
Gross Profit	$229M	$328M	-30.4%
Operating Income	$48M	$141M	-66.0%
Net Income	$27M	$111M	-75.9%

Revenue Segments

Wholesale

$2.3B55%

GDSO

$1.6B38%

Commercial

$274M6%