GLP Earnings Prediction
The chart below shows how GLP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GLP sees a -1.12% change in stock price 10 days leading up to the earnings, and a +1.40% change 10 days following the report. On the earnings day itself, the stock moves by -0.85%. This data can give you a slight idea of what to expect for the next quarter's release.
GLP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
4.42B
4.77%
0.28%
Gross Margin
6.42%
19.55%
-0.93%
Operating Margin
1.72%
53.57%
-9.47%
Net Margin
1.04%
62.50%
-0.95%
EPS
1.17
95.00%
6.36%
No Data Available
GLP Earnings Analysis
Global Partners LP Corporation (GLP.N) Earnings Conference Call
Positive
EBITDA Growth Analysis: 1. Significant Year-over-Year Growth: Adjusted EBITDA increased to $114 million in Q3 2024, up from $77.7 million in Q3 2023, showcasing strong operational performance.
Net Income Surge: 2. Increased Net Income: Net income rose to $45.9 million in Q3 2024, compared to $26.8 million in the same quarter last year, reflecting improved profitability.
Distributable Cash Flow Surge: 3. Higher Distributable Cash Flow: Distributable cash flow reached $71.1 million in Q3 2024, a substantial increase from $42.2 million in Q3 2023, indicating robust cash generation capabilities.
Cash Distribution Increase: 4. Increased Cash Distribution: The quarterly cash distribution was declared at $0.73 per common unit, representing a 6.6% increase over the prior year, demonstrating commitment to returning value to unitholders.
Product Margin Increase: 5. Strong Product Margin Growth: Product margin from gasoline distribution increased by $32.1 million to $164.1 million, driven by higher fuel margins year-over-year, highlighting effective market strategies.
Negative
Rising Operating Expenses: 1. Increased Operating Expenses: Operating expenses rose by $21.2 million to $137.1 million in Q3 2024, primarily due to terminal acquisitions from Motiva and Gulf.
Increased Interest Expense: 2. Higher Interest Expense: Interest expense increased by $14 million to $35.1 million in Q3 2024, largely due to the issuance of 8.25% senior notes and higher average balances on the credit facility.
Station Operations Margin Decline: 3. Decline in Station Operations Product Margin: Station Operations product margin decreased by $0.9 million to $73.6 million in Q3 2024, partly due to the divestiture and conversions of certain company-operated sites.
CapEx Revision Downward: 4. Revised CapEx Expectations: Planned expansion CapEx for 2024 was revised down to a range of $40 million to $50 million from the previous expectation of $60 million to $70 million, indicating potential project delays or reduced investment.
Leverage Ratio Concerns: 5. Leverage Ratio Concerns: The funded debt-to-EBITDA ratio stood at 3.27x as of September 30, raising concerns about financial leverage and capacity to manage debt effectively.
GLP FAQs
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GLP Earning Call Sentiment
Global Partners LP Common Units (GLP) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
GLP.N
-0.78%Positive
The earnings call summary indicates strong financial performance with significant increases in margins and EBITDA, alongside a strategic acquisition strategy. The Q&A session reflects a positive sentiment towards future growth opportunities, despite vague responses regarding EV chargers. The company shows robust financial health and strategic positioning, with a solid shareholder return plan. Considering the market cap and the overall positive tone, the stock price is likely to see a positive movement of 2% to 8% over the next two weeks.
