GLP · NYSE · Oil & Gas Midstream

Global Partners (GLP)

Connects liquid-energy terminals, fuel logistics, and retail-fueling and convenience operations.

$49.96
vs last close−0.66 (−1.30%)
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Global Partners LPGLP
Energy

Supplies refined petroleum products and renewable fuels through terminals, logistics assets, retail-fueling sites, and convenience stores. A master limited partnership, it combines terminal infrastructure with fuel distribution and retail operations.

Moves refined petroleum products and renewable fuels through liquid-energy terminals linked to rail, pipeline, and marine assets. The same network supports fuel logistics, distribution, gasoline stations, and convenience stores.

Operations extend from Maine to Florida and into the U.S. Gulf States. Retail and terminal acquisitions have enlarged the network, including former Motiva terminals and Gulf Oil terminals.

Structured as a master limited partnership, the business is governed through Global GP LLC. Slifka-family affiliates own all ownership interests in that general partner, and Eric Slifka remains president and chief executive officer.

Company facts

CEOEric Slifka
ListedOct 4, 2005
ExchangeNYSE
HeadquartersWaltham, MA
CountryUnited States
Employees4,840
CIK0001323468
ISINUS37946R1095

Market cap$1.72B
EPS (ttm)$4.91
P/E (ttm)10.31
ROE24.6%
P/B2.31
P/S0.0801
Dividend yieldDiv yield6.05%
Beta0.12vs XLE 0.39

Price target$46.00−9.1%Average of 9 analysts
ConsensusSell4 of 9 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Mar 2, 2026Stifel NicolausTarget
Target: $35
Target: $46
Mar 4, 2025StifelDowngrade
Rating: Buy
Rating: Hold

Next report
Nov 6, 26
in 45 days
EPS estimate
$1.48
Revenue estimate
$7.41B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.52$0.36$0.55$0.66$0.54$1.85$1.86Pending
Estimate$0.24−$0.03$0.60$1.09$0.60$0.33$1.24$1.48
Surprise+116.7%+1,300.0%−8.3%−39.4%−10.0%+460.6%+50.0%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$4.19B$4.59B$4.63B$4.69B$4.65B$5.32B$6.79BPending
Estimate$5.65B$6.01B$6.46B$6.94B$6.94B$6.98B$7.51B$7.41B
Surprise−25.9%−23.6%−28.4%−32.3%−33.0%−23.7%−9.5%
Estimate$1.48
ReportedDue Nov 6, 2026
Estimate$7.41B
ReportedDue Nov 6, 2026
View details

Debt to equity270.00%
Current ratio119.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$4.42B$4.19B$4.59B$4.63B$4.69B$4.65B$5.32B$6.79B
Net income$45.9M$23.9M$18.7M$20.6M$24.2M$20.1M$64.7M$63.3M
Net margin1.0%0.6%0.4%0.4%0.5%0.4%1.2%0.9%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$83.5M$58.1M$55.9M$58.3M$61.4M$16.4M$352.1M$107.4M
YoY growth+73.9%−28.9%+114.1%−30.5%−26.4%−71.7%+530.0%+84.1%

Balance sheet, Jun 30, 2026Cash & short-term investments $23.9M · Total debt $2.01B · Total assets $4.02B · Shareholders' equity $743.8M

Revenue
$6.79B
Operating income
$107.4M
Net income
$63.3M
View details

Dividend yield
6.05%
Next ex-date
Nov 10, 26
estimated · in 49 days
Annual dividend
$3.06
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Nov '24Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26
Dividend$0.73$0.74$0.745$0.75$0.755$0.76$0.765$0.78
Annual yield5.88%5.05%6.09%5.91%7.35%6.50%6.34%6.12%
Ex-dateNov 8Feb 10May 9Aug 8Nov 10Feb 9May 11Aug 10
Payment dateNov 14Feb 14May 15Aug 14Nov 14Feb 13May 15Aug 14
View details

Institutions≈ 49.80%16.93M shares
122 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders12.35%4.20M shares
10 holders · as of Apr 15, 2026
Strategic holders0.50%171.6K shares
1 holder · as of Sep 21, 2026
Other≈ 37.35%12.70M shares
remainder

34.00M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Alps Advisors IncInstitution
17.19%5.84Mas of Jun 30, 2026
OppenheimerFunds, Inc.Institution
14.52%4.94Mfiled Jan 24, 2019
Eric Slifka1Insiderdirector, 10 percent owner, officer: Chairman, President & CEO
11.23%3.72Mfiled Feb 27, 2026
Invesco Ltd.Institution
6.43%2.19Mas of Jun 30, 2026
Mirae Asset Global Etfs Holdings Ltd.Institution
6.06%2.06Mas of Jun 30, 2026
  1. Eric Slifka's transaction reports restate only vehicles that traded; the 2025 ownership statement (3.72M) plus the 97.8K net shares acquired since is used instead.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 21, 2026Global GP LLCother: General Partner+5,000$49.63
Sep 17, 2026Global GP LLCother: General Partner+5,000$51.08
Sep 16, 2026Global GP LLCother: General Partner+5,000$50.55
Sep 15, 2026Global GP LLCother: General Partner+5,000$50.89
Sep 14, 2026Global GP LLCother: General Partner+5,000$52.20
View details

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