Global Partners LP chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 556.29
Dividend & Yield2.54$ (7.22%)
Beta 1.31
Market capitalization 1.19B
Operating cash flow 480M
ESG Scores unknown

Company description

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states, Mid-Atlantic region, and New York. The company is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. Its Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, residual oil, and propane to home heating oil retailers and wholesale distributors. It also aggregates crude oil through truck or pipeline in the mid-continent region of the United States and Canada, as well as transports it through rail and ships it through barge to refiners. The company's Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates gasoline stations and convenience stores; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. Its Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to customers in the public sector, as well as to commercial and industrial end-users; and sells custom blended fuels. As of December 31, 2021, the company had a portfolio of 1,595 owned, leased, and supplied gasoline stations, which included 295 directly operated convenience stores; and owned, leased, or maintained storage facilities at 26 bulk terminals with a collective storage capacity of 11.9 million barrels. Global GP LLC serves as the general partner of the company. The company was incorporated in 2005 and is based in Waltham, Massachusetts.

Sector: Energy - Industry: Oil & Gas Midstream

Financial Ratios
Quick Ratio0.66
Working Capital0.25
Return On Equity0.15
Debt To Equity2.76
Fixed Asset Ratio0.01
Fixed Interest Cover1.81

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities 64.41M -165.51M 145.42M 177.64M
Total Cashflows From Investing Activities -67.21M -69.73M -115.05M -236.19M
Net Borrowings 54.02M -171.95M 91.7M -145.7M
Total Cash From Financing Activities -23.27M -245.13M 65.97M -250.61M
Change To Operating Activities 11.73M -10.35M 41.68M 18.48M
Issuance Of Stock
Net Income 34.49M 100.81M 57.22M 355.07M
Change In Cash 3.92M -2.33M 1.14M -6.81M
Effect Of Exchange Rate
Total Cash From Operating Activities 94.4M 312.53M 50.22M 480M
Depreciation 108.19M 100.14M 102.24M 104.8M
Change To Account Receivables -81.37M 190.58M -182.56M -69.02M
Other Cashflows From Financing Activities -1.25M -1.25M
Change To Netincome 14.92M 24.49M 1.13M -67.46M
Capital Expenditures -82.86M -76.33M -101.72M -106.8M

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 36.27M 101.56M 62.13M 379.03M
Net Income 34.49M 100.81M 57.22M 355.07M
Selling General Administrative 570.69M 563.53M 608.89M 750.71M
Gross Profit 720.13M 768.84M 761.7M 1.14B
Ebit 138.01M 194.47M 142.09M 383.21M
Operating Income 138.01M 194.47M 142.09M 383.21M
Interest Expense -89.86M -83.54M -80.09M -81.26M
Income Tax Expense 1.09M -119k 1.34M 16.82M
Total Revenue 13.08B 8.32B 13.25B 18.88B
Cost Of Revenue 12.36B 7.55B 12.49B 17.74B
Total Other Income ExpenseNet -101.73M -92.91M -79.96M -4.19M
Net Income From Continuing Ops 35.18M 101.68M 60.8M 362.21M
Net Income Applicable To Common Shares 27.76M 94.08M 45.01M 341.22M

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 2.35B 2.05B 2.3B 2.37B
Total Stockholder Equity 393.46M 430.44M 390.18M 648.51M
Other Current Liabilities 82.33M 82.83M 124.35M 111.15M
Total Assets 2.81B 2.54B 2.83B 3.16B
Common Stock 398.54M 428.84M 392.09M 648.96M
Other Current Assets 39.03M 38.22M 45.31M 43.28M
Retained Earnings
Treasury Stock -5.08M 1.6M -1.9M -449k
Cash 12.04M 9.71M 10.85M 4.04M
Total Current Liabilities 753.89M 497.53M 839.6M 971.48M
Other Stockholder Equity -5.08M 1.6M -1.9M -449k
Property, Plant, and Equipment 1.37B 1.34B 1.35B 1.48B
Total Current Assets 1B 781.43M 1.07B 1.17B
Net Tangible Assets 22.22M 70.95M 36.03M 193.87M
Net Receivables 421.02M 229.73M 412.33M 481.22M
Accounts Payable 373.39M 207.87M 353.3M 530.94M


Insider Transactions

Here are the insider transactions of stock shares related to Global Partners LP:

Filer Name Transaction Text Ownership Date Filer Relation Shares
HAILER JOHN THOMASD2023-01-04Director4.68k
SLIFKA ERICD2023-01-04Chief Executive Officer23.01k
MCCOOL ROBERT JD2023-01-04Director4.68k
ROMAINE MARKD2023-01-04Chief Operating Officer9.21k
OWENS ROBERT WD2023-01-04Director4.68k
SPENCER MATTHEWD2023-01-04Officer2.96k
HANSON GREGORY B.D2023-01-04Chief Financial Officer4.6k
PEREIRA JAIMEConversion of Exercise of derivative security at price 34.66 per share.D2023-01-04Director4.68k
GEARY SEAN T.D2023-01-04Officer3.29k
GLOBAL GP, L.L.C.Purchase at price 31.50 - 32.13 per share.D2022-11-25General Partner4.1k
GLOBAL GP, L.L.C.Purchase at price 30.20 per share.D2022-11-21General Partner3k
GLOBAL GP, L.L.C.Purchase at price 30.30 - 31.20 per share.D2022-11-18Unknown3.58k
PEREIRA JAIMEPurchase at price 27.85 - 28.45 per share.I2022-09-16Director2k
HANSON GREGORY B.D2022-08-04Chief Financial Officer2.39k
SLIFKA ERICD2022-08-02Chief Executive Officer65.51k
ROMAINE MARKD2022-08-02Chief Operating Officer25.36k
SPENCER MATTHEWD2022-08-02Officer4.78k
GEARY SEAN T.D2022-08-02Officer2.39k
GLOBAL GP, L.L.C.Purchase at price 22.05 - 23.01 per share.D2022-06-24General Partner10.43k
GLOBAL GP, L.L.C.Purchase at price 22.51 - 23.01 per share.D2022-06-22General Partner10.4k
GLOBAL GP, L.L.C.Purchase at price 20.46 - 24.09 per share.D2022-06-17General Partner21.55k
GLOBAL GP, L.L.C.Purchase at price 29.55 - 29.85 per share.D2022-06-01Unknown33.19k
GLOBAL GP, L.L.C.Purchase at price 28.08 - 28.66 per share.D2022-05-25General Partner21.73k
LANGHORN JEREMYSale at price 27.67 per share.D2022-05-19Officer2.19k
SLIFKA ERICD2021-08-05Chief Executive Officer57.32k
SLIFKA ANDREW PD2021-08-04Officer and Director12.02k
ROMAINE MARKD2021-08-04Chief Operating Officer22.2k
FOSTER DAPHNE HD2021-08-04Chief Financial Officer18.85k
SPENCER MATTHEWD2021-08-04Officer4.18k
GLOBAL GP, L.L.C.Purchase at price 26.18 - 26.90 per share.D2021-06-18General Partner46k
GLOBAL GP, L.L.C.Purchase at price 26.40 - 26.62 per share.D2021-06-15General Partner30.41k
GLOBAL GP, L.L.C.Purchase at price 27.18 per share.D2021-06-09General Partner20.97k
GLOBAL GP, L.L.C.Purchase at price 26.20 - 26.74 per share.D2021-06-07General Partner43.95k
MCCOOL ROBERT JSale at price 23.57 per share.D2021-05-12Director3k
WATCHMAKER KENNETH ID2020-08-07Director5.97k
ROMAINE MARKD2020-08-07Officer15.85k
SLIFKA ERICD2020-08-06Chief Executive Officer40.95k
FANEUIL EDWARD JD2020-08-06General Counsel12.69k
MCCOOL ROBERT JConversion of Exercise of derivative security at price 10.70 per share.D2020-08-06Director5.37k
SLIFKA ANDREW PD2020-08-06Officer and Director8.58k
FOSTER DAPHNE HD2020-08-06Chief Financial Officer13.46k
SPENCER MATTHEWD2020-08-06Officer4.74k
GLOBAL GP, L.L.C.Purchase at price 9.60 - 9.81 per share.D2020-06-29General Partner30k
MCCOOL ROBERT JPurchase at price 9.86 per share.D2020-03-19Director3k
SPENCER MATTHEWD2019-08-01Officer1.75k
SLIFKA ERICD2019-07-01Officer42.42k
FANEUIL EDWARD JD2019-07-01Officer25.45k
SLIFKA ANDREW PD2019-07-01Officer and Director9.85k
ROMAINE MARKD2019-07-01Officer19k
FOSTER DAPHNE HD2019-07-01Officer and Director7.29k
FOSTER DAPHNE HD2019-07-01Officer7.29k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Global Partners LP. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Global Partners LP

Here is the result of two systematic investment strategies applied to Global Partners LP. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Global Partners LP

The following chart shows the equity curve of the two systematic investment strategies applied to Global Partners LP:

Global Partners LP automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 21.01% on the backtest period.

Performance at glance

Performance

21.01 %

Latent gain

470.03 $

Invested capital

2237.29 $

Annualized return

5.07 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on Global Partners LP

This is the result of two momentum investment strategies applied to Global Partners LP. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Global Partners LP

The following chart shows all the entries opened by the momentum investment system on Global Partners LP:

Global Partners LP momentum entries
  • The first momentum investment strategy would give 21.53% of return on Global Partners LP. That represents 1032.05$ of latent gain with 4792.79$ of employed capital.
  • The second momentum investment strategy would give 22.04% of return on Global Partners LP. That represents 611.08$ of latent gain with 2773.07$ of employed capital.
Performance at glance (1Q Momentum)

Performance

21.53 %

Latent gain

1032.05 $

Invested capital

4792.79 $

Annualized return

-0.73 %
Performance at glance (2Q Momentum)

Performance

22.04 %

Latent gain

611.08 $

Invested capital

2773.07 $

Annualized return

6.02 %

Momentum equity curve on Global Partners LP

The following chart shows the equity curve of the two momentum strategies applied to Global Partners LP:

Global Partners LP momentum equity

Note: the dividends potentially given by Global Partners LP are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Global Partners LP

The following chart shows the employed capital evolution of the two momentum strategies on Global Partners LP since the beginning:

Global Partners LP

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Global Partners LP

Buy the dip entry openings on Global Partners LP

Global Partners LP

The performance achieved by the robo-advisor on Global Partners LP is -1.56%. That represents -7.8$ of latent gain with 500.04$ of employed capital. The following chart shows Global Partners LP stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Global Partners LP, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-1.56 %

Latent gain

-7.8 $

Invested capital

500.04 $

Annualized return

-0.73 %

Equity curve of the strategy applied to Global Partners LP

The following chart shows the result of the investment strategy applied to Global Partners LP:

Global Partners LP

Note: the dividends potentially given by Global Partners LP are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Global Partners LP

The following chart shows the employed capital evolution since the beginning of the investment strategy on Global Partners LP:

Global Partners LP

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Global Partners LP

In this section, I will compare the three previous investment strategies applied to Global Partners LP.

Equity curve comparison on Global Partners LP

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Global Partners LP investment strategy comparison

Employed capital comparison on Global Partners LP

Global Partners LP investment comparison

Performance comparison on Global Partners LP

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 21.01% 470.03$ 2237.29$ 5.07%
Momentum 1 quarter 21.53% 1032.05$ 4792.79$ 5.52%
Momentum 2 quarters 22.04% 611.08$ 2773.07$ 6.02%
Non-directional -1.56% -7.8$ 500.04$ -0.73%
Annualized return comparison

Automatic investment

5.07 %

Momentum 1Q

6.02 %

Momentum 2Q

6.02 %

Non-directional

-0.73 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Global Partners LP:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

  • BETAPRO SILVER 2X DAILY BEAR ETF

  • Note: The algorithm computes the probability of correlation between Global Partners LP and the other stocks. There may be false positives or some missing correlated stocks. If the price of Global Partners LP does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Global Partners LP
    Country United States
    City Waltham
    Address 800 South Street
    Phone 781 894 8800
    Website www.globalp.com
    FullTime employees 2860
    Industry Oil & Gas Midstream
    Sector Energy
    Exchange XNYS
    Ticker GLP
    Market www.nyse.com

    Global Partners LP ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown