GLP · Global Partners LP
Price & Indicators
Up next
Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 7, 2026TL;DR. Global Partners posted sharply higher Q2 2026 net income of $71.0M (vs. $25.2M) and adjusted EBITDA of $148.2M (vs. $98.2M) on stronger fuel margins, while redeeming all Series B Preferred Units and maintaining the quarterly distribution at $0.78 per unit.
- + Q2 net income nearly tripled year-over-year
- + GDSO gasoline distribution product margin rose $37.1M on higher cents-per-gallon fuel margins
- − SG&A increased $8.3M to $83M on higher incentive comp and wages
- − Wholesale distillates product margin declined $4.8M on less favorable residual oil markets
- − Steep backwardation expected to raise the cost of carrying hedged inventory
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Actual heating degree days | 893 | Three Months Ended June 30, 2026 filing | — |
| Adjusted DCF non-GAAP | $92.5M | the second quarter of 2026 | — |
| Adjusted distributable cash flow non-GAAP | 189.34M | Six Months Ended June 30, 2026 | — |
| Adjusted distributable cash flow after distributions to preferred unitholders non-GAAP | 185.78M | Six Months Ended June 30, 2026 | — |
| Adjusted EBITDA non-GAAP | 288.52M | Six Months Ended June 30, 2026 | — |
| Combined product margin | 727.29M | Six Months Ended June 30, 2026 | — |
| Commercial segment product margin non-GAAP | $10.5M | the second quarter of 2026 | — |
| Commercial segment volume | 123.3M | the second quarter of 2026 | — |
| Distributable cash flow non-GAAP | 189M | Six Months Ended June 30, 2026 | — |
| Distributable cash flow (DCF) non-GAAP | $92.6M | the second quarter of 2026 | — |
| EBITDA non-GAAP | 288.06M | Six Months Ended June 30, 2026 | — |
| Gasoline Distribution and Station Operations (GDSO) segment product margin non-GAAP | $245.2M | the second quarter of 2026 | — |
| Gasoline Distribution and Station Operations segment - Gasoline distribution product margin | 174.99M | Three Months Ended June 30, 2026 | — |
| Gasoline Distribution and Station Operations segment - Station operations product margin | 70.24M | Three Months Ended June 30, 2026 | — |
| GDSO volume | 351.2M | the second quarter of 2026 | — |
| Liquid energy terminals | 54 | as of August 7, 2026 | — |
| Maintenance capital expenditures non-GAAP | -25.83M | Six Months Ended June 30, 2026 | — |
| Normal heating degree days | 868 | Three Months Ended June 30, 2026 filing | — |
| Station operations product margin | $70.2M | the three months ended June 30, 2026 filing | — |
| Total volume | 2B | the second quarter of 2026 | — |
| Wholesale segment product margin non-GAAP | $106.5M | the second quarter of 2026 | — |
| Wholesale segment product margin - Distillates and other oils | 28.09M | Three Months Ended June 30, 2026 | — |
| Wholesale segment product margin - Gasoline and gasoline blendstocks | 78.41M | Three Months Ended June 30, 2026 | — |
| Wholesale segment volume | 1.5B | the second quarter of 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas Midstream — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
GLP
this stock
Global Partners LP
|
$1.62B | +11.2% | +8.1% | — | 0.7% |
|
ENB
Enbridge Inc
|
$102.08B | -3.3% | — | — | 0.8% |
|
WMB
Williams Companies, Inc.
|
$84.72B | +15.2% | +13.8% | 27.6 | 2.0% |
|
EPD
Enterprise Products Partners L.P.
|
$79.36B | +11.3% | -6.4% | 12.7 | 0.8% |
|
ET
Energy Transfer LP
|
$69.52B | +21.9% | +3.5% | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| GLP | -2.8% | -11.5% | +1.2% | +0.5% | +11.2% |
| SPY | -0.4% | -0.2% | +12.4% | +0.2% | +12.0% |
| vs SPY | -2.3% | -11.4% | -11.2% | +0.3% | -0.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.