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Distributes and markets gasoline, distillates and other fuels in the US Northeast, and runs Alltown convenience/gas stations.
Distributes and markets gasoline, distillates and other fuels in the US Northeast, and runs Alltown convenience/gas stations.
Buys fuel in bulk, stores it in its terminals and sells it on at a small margin per gallon, with storage and convenience-store sites adding steadier fee and merchandise income. As a master limited partnership, a US partnership that pays out most of its cash to unit holders, it is controlled through its general partner by the Slifka family.
Moat: narrow (scale, distribution). Terminal and pipeline access in the Northeast gives logistics scale, but fuel margins are thin and competitive.
Headquarters: Waltham, Massachusetts · Founded: 2005 · Employees: 4,700
Size Global Partners LP (GLP) is a United States Energy company (Wholesale Distributors) with a market value of $1.53B, the 1979th largest of 3,117 United States companies the cockpit tracks. Shares closed at $45.01 on 6 Nov 2026.
Performance Over six months the shares fell 7.7%, against -19.2% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 20.4% over the last twelve months (peer median +7.0%); the operating margin is 2.3% (peer median 12.0%).
Valuation It trades at 11.3× forward earnings against a peer median of 11.2× (9th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -25 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.5 points above its cost of capital (7.5% WACC).
Credit Global Partners LP has 2 bonds outstanding ($800M), rated BB- by the agencies and trading like BBB at a weighted spread of 128 bp.
Short interest Short interest is 0.6% of the free float (15 Oct 2026).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $21.5B | $18.6B | $17.2B | $16.5B | $18.9B |
| Revenue growth | — | +8% | +4% | -13% | — |
| Gross profit | $946M | $492M | $547M | $514M | $614M |
| EBITDA | $631M | $334M | $400M | $358M | $466M |
| Net income | $174M | $79.2M | $95.0M | $143M | $355M |
| Free cash flow | $196M | $193M | -$287M | $110M | $373M |
| Capital expenditure | $125M | $91.5M | $318M | $402M | $107M |
| Total debt | $2.01B | $2.08B | $2.03B | $1.54B | $1.43B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Global Partners LP GLP | $1.53B | -8% | +20% | 2% | 11.3× | -7.7% |
| SunocoCorp LLC SUNC | $3.14B | -8% | +11% | 5% | 5.5× | -10.2% |
| Getty Realty GTY | $1.92B | -14% | +11% | 59% | 20.1× | n/a |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GLP | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.2% | -16.5% | 5th highest of 21 |
| 6-month return | -7.7% | -19.2% | 6th highest of 20 |
| Distance from 52-week high | -17.1% | -30.2% | 3rd highest of 21 |
| Revenue growth (TTM) | +20.4% | +7.0% | 8th highest of 20 |
| Operating margin | 2.3% | 12.0% | 6th lowest of 20 |
| Forward P/E | 11.3× | 11.2× | 9th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | -7.7% | -0.8% | 3rd least demanding of 15 |
| Growth delivered (Del g) | +17.4% | +12.0% | 5th highest of 15 |
| Hurdle (Req g minus delivered) | -25.1 pp | -13.7 pp | 2nd least demanding of 15 |
| ROIC minus cost of capital | +6.5 pp | -0.7 pp | 2nd highest of 21 |
| Net debt / EBITDA | 3.1× | 1.7× | 5th most indebted of 20 |
| Bond spread | 128 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Global Partners LP GLP | United States | $1.53B | -8% | +20% | 2% | 11.3× | -7.7% | +17.4% |
| Mach Natural Resources LP MNR | United States | $1.50B | -35% | +39% | 22% | 5.9× | -10.0% | +2.9% |
| NextDecade NEXT | United States | $1.56B | -23% | n/a | n/a | n/a | n/a | n/a |
| Natural Resource Partners L.P NRP | United States | $1.56B | +6% | -10% | 63% | n/a | -8.1% | +9.4% |
| Expro XPRO | United States | $1.47B | -14% | -5% | 4% | 18.0× | 13.9% | +18.9% |
| SFL SFL | United States | $1.65B | -9% | -4% | 28% | 11.2× | 5.2% | +9.2% |
| Nordic American Tankers NAT | United States | $1.41B | +13% | +29% | 29% | 7.7× | -3.4% | -3.8% |
| FLEX LNG FLNG | United States | $1.38B | -20% | +1% | 49% | 11.5× | -0.5% | +16.1% |
| Innovex International INVX | United States | $1.76B | -6% | +7% | 12% | 14.7× | 5.7% | +21.8% |
| Tsakos Energy Navigation TEN | United States | $1.32B | +2% | +23% | 38% | 3.5× | n/a | n/a |
| Flowco FLOC | United States | $1.81B | -19% | +20% | 19% | 13.1× | 8.0% | +72.3% |
| World Kinect WKC | United States | $1.83B | +32% | +21% | 1% | 13.6× | -2.5% | +13.0% |
| Kosmos Energy KOS | United States | $1.26B | -23% | +23% | 23% | 4.6× | -6.4% | +9.9% |
| NGL Energy Partners LP NGL | United States | $1.87B | -8% | -22% | 12% | 11.9× | 1.2% | -9.6% |
| Alpha Metallurgical Resources AMR | United States | $1.87B | -20% | -13% | -2% | 22.5× | n/a | n/a |
| BKV BKV | United States | $1.92B | -37% | +84% | -1% | 11.1× | n/a | n/a |
| Navigator NVGS | United States | $1.21B | -14% | +7% | 25% | 11.0× | -2.2% | +12.0% |
| Liberty Energy LBRT | United States | $1.95B | -64% | +14% | 2% | n/a | n/a | n/a |
| Peabody Energy BTU | United States | $1.95B | -32% | +3% | -4% | 6.3× | n/a | n/a |
| Hornbeck Offshore Services HOS | United States | $1.18B | n/a | +2% | 8% | 8.6× | -1.1% | +12.0% |
| RPC RES | United States | $1.18B | -22% | +18% | 3% | 17.9× | 12.2% | +22.1% |
Global Partners LP has 2 bonds outstanding with $800M face value. The agencies rate it BB-; its bonds trade like BBB. Weighted yield 5.66%, a spread of 128 bp over government bonds.