Global Partners Q4 sales miss estimates as wholesale business drags
Overview
Energy terminal operator's Q4 sales missed analyst expectations
Net income for Q4 rose slightly compared to last year
Gasoline Distribution segment offset weaker Wholesale performance
Outlook
Company enters 2026 focused on disciplined execution and portfolio investment
Result Drivers
GASOLINE DISTRIBUTION - Strong performance in Gasoline Distribution and Station Operations driven by higher fuel margins, offsetting weaker Wholesale results
WHOLESALE CHALLENGES - Wholesale segment product margins decreased due to less favorable market conditions in gasoline and distillates
SALES VOLUME INCREASE - Total sales rose due to increased Wholesale volume, despite a decrease in prices
Company press release: ID:nBw7M2PHta
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Miss | $4.65 bln | $6.94 bln (1 Analyst) |
Q4 EPS |
| $0.54 |
|
Q4 Net Income |
| $25.06 mln |
|
Q4 Pretax Profit | Miss | $25.45 mln | $28.39 mln (1 Analyst) |
Q4 Gross Profit |
| $263.08 mln |
|
Q4 Operating Income |
| $57.30 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 $45.00, about 7% below its February 26 closing price of $48.37
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 13 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.
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