NYSE$GLP
Global Partners LP · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Global Partners reported its financial results for the second quarter ended June 30, 2025, showing a decrease in net income and adjusted EBITDA compared to the same period last year, despite an increase in total sales and volume.
Global Partners experienced a decline in profitability in the second quarter of 2025, with net income falling to $25.2 million from $46.1 million in Q2 2024, and adjusted EBITDA decreasing to $98.2 million from $121.1 million. However, the company saw an increase in total sales to $4.6 billion and total volume to 2.0 billion gallons, driven primarily by growth in the wholesale segment.
- Net income for Q2 2025 was $25.2 million, a significant decrease from $46.1 million in Q2 2024.
- Adjusted EBITDA for the quarter was $98.2 million, down from $121.1 million in the prior year.
- Total sales increased to $4.6 billion in Q2 2025 from $4.4 billion in Q2 2024, primarily due to higher wholesale segment sales.
- Total volume grew to 2.0 billion gallons in Q2 2025, up from 1.6 billion gallons in the same period last year.
Headline financials
Revenue & EPS history
Global Partners · Revenue · Quarterly
$4.63B
Forward guidance
The company did not provide specific forward-looking financial guidance for future quarters or the full year in this report. However, the CEO's commentary highlighted solid year-over-year growth in earnings and cash flow for the first half of 2025, and the strategic acquisition of key terminals is expected to strengthen the foundation for long-term value.
Tailwinds
- Solid year-over-year growth in earnings and cash flow for the first half of 2025.
- Effectiveness of the diversified asset base and disciplined execution.
- Pleased with the second-quarter performance of retail, terminal, and wholesale liquid energy portfolio.
- Strategic acquisition of key terminals expanded reach and enhanced market presence.
- Strengthened foundation for delivering long-term value to unitholders.
Headwinds
- No specific negative forward guidance was provided in the report.
- Uncertainty around the timing of an economic recovery in the United States.
- Economic recovery will impact the demand for products sold and services provided.
- Future performance is subject to a wide range of business risks, uncertainties, and factors.
- No assurance that future developments affecting the Partnership will be those anticipated.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2025
-1.5%
Avg return
Earnings day
-2.0%
Avg return
5 days after
-0.9%
Avg return
30 days after
49%
32 / 65 earnings
Positive
+14.1%
Q3 2014
Best reaction
-26.0%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.1% | +2.0% | — | |
| Q4 2025 | -2.7% | -0.3% | -8.3% | |
| Q3 2025 | -5.3% | -6.9% | +0.7% | |
| Q2 2025 | +1.2% | -0.6% | +2.6% | |
| Q1 2025 | -3.2% | -2.9% | +6.9% | |
| Q4 2024 | +1.5% | -3.6% | -4.5% | |
| Q3 2024 | +2.7% | +2.0% | +17.8% | |
| Q2 2024 | +1.2% | -4.8% | +7.0% | |
| Q1 2024 | -4.5% | -14.0% | -0.1% | |
| Q4 2023 | +2.0% | +2.5% | -2.9% | |
| Q3 2023 | +3.2% | +5.2% | +18.1% | |
| Q2 2023 | -7.6% | -8.8% | -5.1% | |
| Q1 2023 | +5.0% | +5.0% | +4.9% | |
| Q4 2022 | +1.3% | +1.1% | -9.3% | |
| Q3 2022 | -10.6% | -12.3% | -6.1% | |
| Q2 2022 | -2.0% | -4.2% | +3.2% | |
| Q1 2022 | -8.3% | -7.6% | +7.5% | |
| Q4 2021 | +0.7% | -0.1% | +6.1% | |
| Q3 2021 | -4.5% | -4.5% | -3.8% | |
| Q2 2021 | -14.5% | -18.3% | -19.3% | |
| Q1 2021 | -12.9% | -13.1% | -1.7% | |
| Q4 2020 | +2.7% | +5.7% | +6.8% | |
| Q3 2020 | -3.1% | -2.9% | +8.4% | |
| Q2 2020 | +0.5% | +1.8% | -3.6% | |
| Q1 2020 | -11.1% | -15.8% | -0.7% | |
| Q4 2019 | -26.0% | -21.8% | -50.3% | |
| Q3 2019 | -2.3% | -1.5% | -3.3% | |
| Q2 2019 | -2.4% | -1.7% | -5.5% | |
| Q1 2019 | -1.1% | -0.2% | +7.8% | |
| Q4 2018 | +0.8% | -1.5% | +2.7% | |
| Q3 2018 | -5.0% | -2.1% | -16.1% | |
| Q2 2018 | +2.1% | +4.6% | -6.4% | |
| Q1 2018 | +2.1% | +5.0% | +1.5% | |
| Q4 2017 | +1.5% | +7.1% | -4.3% | |
| Q3 2017 | +1.1% | -1.4% | -4.2% | |
| Q2 2017 | -0.9% | -2.6% | -3.7% | |
| Q1 2017 | +1.6% | +7.5% | +0.3% | |
| Q4 2016 | +7.2% | +4.1% | +9.4% | |
| Q3 2016 | -3.5% | +6.1% | +1.9% | |
| Q2 2016 | +9.5% | +12.1% | +9.7% | |
| Q1 2016 | -8.0% | — | — | |
| Q4 2015 | -2.9% | — | — | |
| Q3 2015 | -6.7% | — | — | |
| Q2 2015 | -2.7% | — | — | |
| Q1 2015 | -1.9% | — | — | |
| Q4 2014 | -3.1% | — | — | |
| Q3 2014 | +14.1% | — | — | |
| Q2 2014 | +1.8% | — | — | |
| Q1 2014 | +1.9% | — | — | |
| Q4 2013 | +1.5% | — | — | |
| Q3 2013 | -4.1% | — | — | |
| Q2 2013 | -13.5% | — | — | |
| Q1 2013 | +3.9% | — | — | |
| Q4 2012 | +1.3% | — | — | |
| Q3 2012 | -1.3% | — | — | |
| Q2 2012 | +0.5% | — | — | |
| Q1 2012 | -1.3% | — | — | |
| Q4 2011 | -1.4% | — | — | |
| Q3 2011 | -3.0% | — | — | |
| Q2 2011 | -10.3% | — | — | |
| Q1 2011 | +0.6% | — | — | |
| Q4 2010 | +2.3% | — | — | |
| Q3 2010 | +0.7% | — | — | |
| Q2 2010 | +1.1% | — | — | |
| Q1 2010 | +13.4% | — | — |
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