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Global Partners Lp (GLP)
NYSE:GLP
Holding GLP?
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.24Last Year’s EPS
$1.41Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: 1.31%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance and strategic growth through acquisitions and infrastructure investments, particularly in the EV sector. However, increased operating and interest expenses were noted as challenges. The positive aspects outweigh the negatives, indicating a positive outlook.Company Guidance
During Global Partners' Q3 2024 earnings call, CEO Eric Slifka and CFO Gregory Hanson provided several key financial metrics and strategic updates. The company reported a significant year-over-year increase in adjusted EBITDA, which rose to $114 million from $77.7 million, while net income increased to $45.9 million from $26.8 million. Distributable cash flow also saw an increase, reaching $71.1 million compared to $42.2 million in the previous year. In the Gasoline Distribution and Station Operations (GDSO) segment, product margins increased by $31.2 million to $237.7 million, with gasoline distribution margins specifically rising by $32.1 million to $164.1 million. The Wholesale segment's product margin experienced a $33.9 million increase, reaching $71.1 million, driven by favorable market conditions and the acquisition of Motiva and Gulf terminals. The company also revised its full-year 2024 expansion CapEx expectations to a range of $40 million to $50 million, down from the previous $60 million to $70 million, reflecting the timing of project completions and other factors. Additionally, Global Partners has been selected to collaborate with the Massachusetts Department of Transportation on the $63 million NEVI program, aiming to install DC fast EV charging stations across its network.Year-Over-Year Financial Gains
Adjusted EBITDA rose to $114 million from $77.7 million, and net income increased to $45.9 million from $26.8 million year-over-year.
Successful Segment Performance
The Gasoline Distribution and Station Operations (GDSO) segment saw product margins increase by $31.2 million, with gasoline distribution margins rising by $32.1 million.
Strategic Acquisitions
Acquisition of a 730-acre liquid energy terminal from ExxonMobil and ongoing integration of 29 terminals from Motiva Enterprises and Gulf Oil.
Participation in Electric Vehicle Infrastructure
Selected to partner with the Massachusetts Department of Transportation to deploy $63 million for the National Electric Vehicle Infrastructure Program.
Increased Distribution
Quarterly cash distribution on common units increased by 6.6% to $0.73 per unit.
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GLP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GLP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $47.25 | $48.64 | +2.94% |
| Aug 07, 2024 | $38.17 | $37.88 | -0.76% |
| May 08, 2024 | $46.08 | $43.71 | -5.14% |
| Feb 28, 2024 | $43.55 | $43.60 | +0.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Global Partners Lp (GLP) report earnings?
Global Partners Lp (GLP) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Global Partners Lp (GLP) earnings time?
Global Partners Lp (GLP) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GLP EPS forecast?
GLP EPS forecast for the fiscal quarter 2024 (Q4) is $0.24.
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