GLP
EnergyGlobal Partners LP · Oil & Gas Midstream · $2B
What is Global Partners LP?
Global Partners LP is a small-cap energy partnership focused on fuel distribution across the northeastern United States. The company moves gasoline, distillates, heating oil, and renewable fuels from supply sources to end customers through an integrated logistics network.
Global Partners operates across three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial. The Wholesale segment supplies heating oil, gasoline, diesel, and propane to retailers and distributors. The Gasoline Distribution and Station Operations segment runs branded and unbranded fuel stations alongside convenience stores. The Commercial segment serves public-sector and industrial customers with custom-blended and standard fuels. The company also transports petroleum products and renewable fuels by rail from mid-continent North America.
Global Partners LP was formed in 2005 and is headquartered in Waltham, Massachusetts.
- Wholesale fuel distribution — gasoline, heating oil, diesel, and propane
- Gasoline station operations and convenience store management
- Commercial and industrial fuel delivery, including custom blends
- Rail and barge transportation of petroleum and renewable fuels
- Crude oil aggregation and logistics in mid-continent North America
Is GLP a Good Stock to Buy?
UQS Score rates GLP as Below Average overall, reflecting a mixed profile where certain pillars offset meaningful structural weaknesses.
The Growth pillar stands out as the clearest positive — Global Partners has demonstrated above-average expansion relative to sector peers. Valuation is rated Attractive, suggesting the market may not be fully pricing in the partnership's revenue-generating capacity. Quality lands at a Neutral rating, indicating neither a clear advantage nor a drag on the overall score.
The Moat and Risk pillars are both rated Weak, pointing to limited competitive differentiation and elevated exposure to factors that could pressure distributions or capital structure over time.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does GLP pay dividends?
Yes — Global Partners LP pays a dividend.
Global Partners LP pays a regular distribution, as is common among master limited partnerships structured to return cash to unitholders. The partnership's fuel distribution model generates recurring cash flows that support this cadence. Investors focused on income should weigh the distribution against the Weak Risk pillar rating, which signals that sustaining payouts may face pressure under adverse conditions.
When does GLP report earnings?
Global Partners LP reports earnings on a quarterly cadence, consistent with US-listed partnerships.
The partnership's Growth pillar rating suggests revenue trends have been constructive relative to energy sector peers. However, the Weak Risk and Moat ratings indicate that earnings quality and predictability remain concerns worth monitoring across reporting periods.
For the most recent quarter's results, visit Global Partners LP's investor relations page directly.
GLP Price History
+162.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Global Partners LP?
Based on Global Partners LP's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
GLP Long-term Outlook
The fundamental outlook for Global Partners is shaped by two competing forces. The Good Growth pillar suggests the partnership has identifiable expansion levers — including renewable fuel logistics and station network growth — that could support revenue over the medium term. Against this, the Weak Risk pillar indicates meaningful vulnerability to commodity price swings, regulatory shifts in the Northeast energy market, and distribution sustainability. The Attractive Valuation label may reflect market skepticism about whether growth can be sustained without amplifying balance-sheet risk.
Growth drivers
- Expansion of renewable fuel transportation and blending capabilities
- Station network growth and convenience store revenue diversification
- Increased commercial and industrial fuel demand in the Northeast
Key risks
- Commodity price volatility compressing wholesale fuel margins
- Regulatory and environmental policy changes targeting petroleum distribution
- Leverage and distribution sustainability given the Weak Risk pillar rating
GLP vs Peers
Global Partners operates in a competitive energy distribution and logistics landscape alongside several other partnerships and shipping companies.
Dorian LPG focuses on ocean-going LPG tanker shipping rather than land-based fuel distribution, giving it a fundamentally different asset base and revenue model.
NGL Energy Partners operates across water solutions, crude oil logistics, and liquids distribution, with a broader geographic footprint than Global Partners' Northeast concentration.
FLEX LNG is a pure-play LNG carrier operator, competing in the marine energy transport space rather than the land-based petroleum distribution market where Global Partners is active.
Frequently Asked Questions
What does Global Partners LP do?
Global Partners LP purchases, stores, blends, and distributes gasoline, heating oil, diesel, propane, and renewable fuels across New England, the Mid-Atlantic region, and New York. It also operates gasoline stations and convenience stores, and transports petroleum products by rail from mid-continent North America.
Does GLP pay dividends?
Yes, Global Partners LP pays a regular distribution to unitholders, consistent with its master limited partnership structure. Investors should review the Weak Risk pillar rating when assessing distribution sustainability, and check the company's investor relations page for the current distribution amount and payment schedule.
When does GLP report earnings?
Global Partners LP reports financial results on a quarterly cadence, standard for US-listed partnerships. For exact reporting dates and the most recent quarterly results, refer to the investor relations section of the company's official website.
Is GLP a good stock to buy?
UQS Score rates GLP as Below Average overall. The Growth and Valuation pillars are relative positives, but the Weak Moat and Weak Risk ratings highlight meaningful concerns. Whether GLP fits a portfolio depends on individual risk tolerance and income objectives — the full pillar breakdown is available to UQS Pro members.
Is GLP overvalued?
The UQS Valuation pillar for GLP is rated Attractive, suggesting the units may be priced below what the partnership's fundamentals would imply. However, an Attractive valuation label does not eliminate risk — the Weak Risk and Moat ratings remain relevant considerations for any valuation assessment.
How does GLP compare to its competitors?
Global Partners differs from peers like NGL Energy Partners in its tight geographic focus on the northeastern US and its integrated station operations. Marine-focused peers such as Dorian LPG and FLEX LNG operate in entirely different asset classes. The UQS platform provides side-by-side pillar comparisons for Pro members.
What is GLP's market cap bracket?
Global Partners LP is classified as a small-cap partnership. This places it below large-cap energy majors in terms of market size, which can mean lower liquidity and higher sensitivity to sector-specific headwinds compared to larger peers.
Who founded Global Partners LP?
Global Partners LP was formed in 2005 as a publicly traded master limited partnership. Founding and leadership history is publicly available through the company's official filings and investor relations materials.
Is GLP a long-term quality indicator?
As a long-term quality indicator, GLP's Below Average UQS Score reflects structural challenges — particularly the Weak Moat and Weak Risk ratings — that investors should weigh carefully. The Good Growth pillar and Attractive Valuation offer some counterbalance, but long-term quality typically requires stronger moat and risk profiles.
What is the main competitive advantage of Global Partners LP?
Global Partners' primary advantage lies in its regional scale and integrated logistics infrastructure across New England and the Mid-Atlantic. Its combination of wholesale distribution, retail station operations, and rail transport creates operational breadth — though the UQS Moat pillar rates this competitive position as Weak relative to sector peers.
What sector does GLP belong to?
Global Partners LP operates in the Energy sector, specifically within petroleum product distribution and logistics. It is structured as a master limited partnership, which influences how it distributes cash to unitholders and how it is taxed compared to traditional corporations.
Is GLP a growth stock or value stock?
GLP carries a Good Growth pillar rating and an Attractive Valuation pillar rating, placing it in a category that blends growth potential with value characteristics. However, the Below Average overall UQS Score signals that growth and valuation alone do not offset the partnership's weaker quality and risk profile.
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Pro Analysis
GLP — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 15, 2026 | 51.0 | 56.2 | 27.0 | 61.2 | 28.9 | 91.2 | -0.1 |
| May 14, 2026 | 51.1 | 56.2 | 27.0 | 61.2 | 28.9 | 91.4 | +7.7 |
| May 7, 2026 | 43.4 | 40.8 | 27.0 | 61.2 | 10.8 | 84.1 | 0.0 |
| May 3, 2026 | 43.4 | 40.8 | 27.0 | 61.2 | 10.8 | 83.7 | -0.1 |
| Apr 26, 2026 | 43.5 | 40.8 | 27.0 | 61.2 | 10.8 | 84.8 | -0.1 |
| Apr 25, 2026 | 43.6 | 40.8 | 27.0 | 61.2 | 10.8 | 85.1 | 0.0 |
| Apr 19, 2026 | 43.6 | 40.8 | 27.0 | 61.2 | 10.8 | 85.0 | 0.0 |
| Apr 18, 2026 | 43.6 | 40.8 | 27.0 | 61.2 | 10.8 | 85.2 | -0.6 |
| Apr 14, 2026 | 44.2 | 40.8 | 27.0 | 61.2 | 10.8 | 89.2 | 0.0 |
| Apr 12, 2026 | 44.2 | 40.8 | 27.0 | 61.2 | 10.8 | 88.9 | 0.0 |
GLP — Pillar Breakdown
Quality
— 56.2/100 (25%)Global Partners LP shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 61.2/100 (20%)Global Partners LP demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 28.9/100 (15%)Global Partners LP presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 91.1/100 (15%)Global Partners LP appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 27/100 (25%)Global Partners LP operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for GLP.
Score Composition
Financial Data
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How is the GLP UQS Score Calculated?
The UQS (Unified Quality Score) for Global Partners LP is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Global Partners LP's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Global Partners LP is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.