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 -1.16% change in stock price 10 days leading up to the earnings, and a +0.45% change 10 days following the report. On the earnings day itself, the stock moves by -0.60%. 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
4.19B
-5.05%
-5.34%
Gross Margin
6.37%
0.95%
-0.78%
Operating Margin
1.41%
-23.37%
-18.02%
Net Margin
0.57%
-54.40%
-45.19%
EPS
0.51
-63.83%
-56.41%
No Data Available
GLP Earnings Analysis
Global Partners LP Corporation (GLP.N) Earnings Conference Call
Positive
Earnings Per Share Beat: Global Partners LP reported an EPS of $0.52, significantly exceeding expectations of $0.24.
Storage Capacity Expansion: The company integrated thirty new terminals, more than doubling storage capacity to approximately twenty-two million barrels.
Strategic Energy Investments: Strategic investments totaling over $528 million have solidified Global Partners' role in the US energy supply base.
Wholesale Segment Margin Increase: The wholesale segment product margin increased by $90 million, reflecting contributions from newly acquired terminals.
GDSO Margin Improvement: GDSO product margin increased by almost $26 million despite tough comparisons from the previous year.
Quarterly Distribution Increase: The board declared a distribution of $0.74, marking the thirteenth consecutive quarterly increase.
Distribution Coverage Strength: The company reported a trailing twelve-month distribution coverage of 1.81 times, indicating strong financial health.
Retail Fuel Margin Trends: The retail fuel margin environment in Q4 2024 remained constructive and above historical averages.
Wholesale Segment Margin Increase: The wholesale segment product margin increased by $27.9 million in Q4 2024, driven by favorable market conditions and terminal acquisitions.
Strong Financial Position: Global Partners LP begins 2025 in a strong financial and operational position, poised for growth and opportunity.
Negative
EBITDA Decline Analysis: Adjusted EBITDA for Q4 2024 decreased to $97.8 million from $112.1 million in Q4 2023, indicating a decline in profitability.
Adjusted DCF Decline: Adjusted DCF fell to $46.1 million compared to $58.8 million in the previous year, reflecting reduced cash flow available for distribution.
Product Margin Decline: GDSO product margin decreased by $31.8 million in Q4 2024, primarily due to lower fuel margins year over year.
Gasoline Margin Decline: Gasoline distribution product margin dropped $32.1 million to $145.7 million, attributed to lower fuel margins and volatility in wholesale prices.
Declining Fuel Margins: Fuel margins on a cents per gallon basis decreased from $0.44 in Q4 2023 to $0.36 in Q4 2024, indicating a less favorable pricing environment.
Increased Operating Expenses: Operating expenses increased by $12.1 million, largely due to the addition of thirty new terminals, which may strain operational efficiency.
Rising Interest Expense: Interest expense rose significantly to $34.4 million in Q4 2024 from $20.7 million in Q4 2023, primarily due to new debt from acquisitions, increasing financial burden.
Increased Maintenance Expenditures: The company anticipates higher maintenance capital expenditures in 2025, ranging from $60 million to $70 million, which could impact cash flow.
High Debt Leverage Concerns: The leverage ratio at 3.47 times funded debt to EBITDA indicates a relatively high level of debt compared to earnings, raising concerns about financial stability.
GLP FAQs
How does GLP typically perform around its earnings report dates?
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GLP Earning Call Sentiment
Global Partners LP (NYSE:GLP) Q4 2024 Earnings Call Transcript
GLP.N
0.09%Positive
The earnings call presents a mixed sentiment. Financial performance shows both improvements (EPS increase, distribution hike) and declines (Adjusted EBITDA, margins). The Q&A reveals uncertainties with tariffs and supply chain challenges. Despite a strong balance sheet and strategic acquisitions, increased interest expenses and unclear guidance on tariffs weigh negatively. The market cap suggests moderate reaction, leading to a neutral prediction.
