GLOBAL PARTNERS LPGLPEarnings & Financial Report
Global Partners LP is an American energy supply company ranked 361 in the 2018 Fortune 500. The company is organized as a master limited partnership, and its operations focus on the importing of petroleum products and marketing them in North America. It wholesales products like crude oil, diesel oil, gasoline, heating oil and kerosene.
Revenue
$2.1B
Gross Profit
$272.4M
Operating Profit
$60.1M
Net Profit
$25.2M
Gross Margin
13.1%
Operating Margin
2.9%
Net Margin
1.2%
YoY Growth
-8.6%
GLOBAL PARTNERS LP Q2 FY2025 Financial Summary
GLOBAL PARTNERS LP reported revenue of $2.1B (down 8.6% YoY) for Q2 FY2025, with a net profit of $25.2M (down 45.4% YoY) (1.2% margin). Cost of goods sold was $1.8B, operating expenses totaled $212.3M.
Key Financial Metrics
| Total Revenue | $2.1B |
|---|---|
| Net Profit | $25.2M |
| Gross Margin | 13.1% |
| Operating Margin | 2.9% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
GLOBAL PARTNERS LP Q2 FY2025 revenue of $2.1B breaks down across 4 segments, led by Gasoline at $1.1B (51.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Gasoline | $1.1B | 51.7% |
| Refined Petroleum Products Renewable Fuels Crude Oil And Propane | $676.6M | 32.5% |
| Commercial Segment | $210.8M | 10.1% |
| Station Operations | $120.2M | 5.8% |
GLOBAL PARTNERS LP Revenue by Segment — Quarterly Trend
GLOBAL PARTNERS LP revenue by segment across the last 4 reported quarters, showing how each business line (such as Gasoline and Refined Petroleum Products Renewable Fuels Crude Oil And Propane) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Gasoline | $1.0B | $1.1B | $1.1B | $1.0B |
| Refined Petroleum Products Renewable Fuels Crude Oil And Propane | $884.7M | $783.4M | $676.6M | $866.2M |
| Commercial Segment | $187.6M | $202.8M | $210.8M | $202.5M |
| Station Operations | $110.5M | $130.4M | $120.2M | $100.4M |
GLOBAL PARTNERS LP Annual Revenue by Year
GLOBAL PARTNERS LP annual revenue history includes year-by-year totals (for example, 2025 revenue was $8.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $8.7B |
| 2024 | $8.7B |
| 2023 | $9.8B |
| 2022 | $11.1B |
GLOBAL PARTNERS LP Quarterly Revenue & Net Profit History
GLOBAL PARTNERS LP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $2.2B | +7.0% | $25.1M | 1.1% |
| Q3 FY2025 | $2.2B | +5.0% | $29.0M | 1.3% |
| Q2 FY2025 | $2.1B | -8.6% | $25.2M | 1.2% |
| Q1 FY2025 | $2.2B | -1.3% | $18.7M | 0.9% |
| Q4 FY2024 | $2.1B | -10.7% | $23.9M | 1.2% |
| Q3 FY2024 | $2.1B | -23.9% | $45.9M | 2.1% |
| Q2 FY2024 | $2.3B | -1.2% | $46.1M | 2.0% |
| Q1 FY2024 | $2.2B | -5.2% | $-5.6M | -0.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.20B | $2.28B | $2.14B | $2.07B | $2.17B | $2.08B | $2.24B | $2.21B |
| YoY Growth | -5.2% | -1.2% | -23.9% | -10.7% | -1.3% | -8.6% | 5.0% | 7.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.47B | $3.83B | $3.67B | $3.79B | $3.82B | $3.78B | $3.70B | $3.85B |
| Liabilities | $2.70B | $3.12B | $2.94B | $3.07B | $3.12B | $3.10B | $3.02B | $3.18B |
| Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-182.7M | $24.3M | $122.7M | $67.2M | $-51.6M | $216.3M | $19.0M | $101.0M |