Global Partners Q3 sales miss estimates, net income falls

Overview

• Global Partners Q3 2025 sales miss analyst expectations, totaling $4.7 bln

• Net income for Q3 2025 was $29.0 mln, down from $45.9 mln in 2024

• Wholesale segment product margin grows, while Gasoline Distribution and Station Operations (GDSO) segment margin declines

Outlook

• Company did not provide specific guidance for future quarters

Result Drivers

• WHOLESALE STRENGTH - Growth in terminal network enhanced Wholesale segment performance

• GDSO MARGIN DECLINE - Lower retail fuel volume and margin impacted GDSO segment

Key Details

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 $53.00, about 16% above its November 6 closing price of $44.51

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nBw7zcxvja

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