Global Partners Q1 net income surges on wholesale segment strength

Global Partners LP

08/05/2026 13:10

Overview

US liquid energy terminal operator's Q1 sales rose yr/yr

Net income and gross profit increased sharply from prior year

Company cites solid execution and favorable wholesale market conditions for improved results

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

WHOLESALE SEGMENT - Co said product margin in the wholesale segment rose due to more favorable market conditions, largely in gasoline and residual oil

GASOLINE DISTRIBUTION - Co said higher fuel margins (cents per gallon) drove increased product margin in gasoline distribution

COMMERCIAL SEGMENT - Co said product margin in the commercial segment increased in part due to more favorable market conditions

Company press release: ID:nBw4DjxVda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$5.32 bln
$6.98 bln (1 Analyst)
Q1 Net Income
$70.14 mln
Q1 Pretax Profit
Beat
$70.98 mln
$18.66 mln (1 Analyst)
Q1 Gross Profit
$332.17 mln
Q1 Operating Income
$105.74 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."

Wall Street's median 12-month price target for Global Partners LP is $46.00, about 3.7% below its May 7 closing price of $47.75

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)