Global Partners (NYSE:GLP) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of Global Partners (NYSE:GLP) from a strong-buy rating to a buy rating in a research note released on Saturday morning.

A number of other analysts have also recently weighed in on GLP. Zacks Research cut Global Partners from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Weiss Ratings upgraded Global Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $46.00.

Global Partners Price Performance

Shares of NYSE:GLP opened at $50.12 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.12 and a debt-to-equity ratio of 2.58. Global Partners has a fifty-two week low of $39.58 and a fifty-two week high of $53.25. The firm has a 50-day simple moving average of $47.70 and a 200 day simple moving average of $47.32. The company has a market cap of $1.70 billion, a PE ratio of 10.21 and a beta of 1.01.

Global Partners (NYSE:GLP) last issued its earnings results on Friday, August 7th. The energy company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.62. Global Partners had a net margin of 0.77% and a return on equity of 24.23%. The firm had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $7.51 billion. On average, sell-side analysts anticipate that Global Partners will post 4.71 EPS for the current year.

Global Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 10th will be given a $0.78 dividend. This is a positive change from Global Partners’s previous quarterly dividend of $0.77. The ex-dividend date is Monday, August 10th. This represents a $3.12 annualized dividend and a yield of 6.2%. Global Partners’s payout ratio is currently 85.00%.

Institutional Investors Weigh In On Global Partners

A number of hedge funds have recently made changes to their positions in GLP. Alps Advisors Inc. boosted its position in shares of Global Partners by 4.9% during the fourth quarter. Alps Advisors Inc. now owns 5,999,844 shares of the energy company’s stock worth $251,093,000 after buying an additional 277,875 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Global Partners by 4.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,895 shares of the energy company’s stock valued at $93,019,000 after acquiring an additional 85,347 shares in the last quarter. BlackRock Inc. bought a new stake in Global Partners during the 2nd quarter valued at $4,789,000. Goldman Sachs Group Inc. boosted its position in Global Partners by 12.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 608,283 shares of the energy company’s stock worth $25,457,000 after acquiring an additional 67,337 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Global Partners by 13.1% during the 4th quarter. JPMorgan Chase & Co. now owns 440,167 shares of the energy company’s stock worth $18,421,000 after acquiring an additional 50,890 shares during the period. Institutional investors own 38.12% of the company’s stock.

Global Partners News Summary

Here are the key news stories impacting Global Partners this week:

• Positive Sentiment: Results substantially exceeded expectations. Global Partners reported second-quarter adjusted EPS of $1.86, compared with the $1.24 consensus estimate. Management highlighted record net income and strong contributions across all business segments, supporting the view that the company is executing effectively in a dynamic energy market. Global Partners LP Reports Second-Quarter 2026 Financial Results
• Positive Sentiment: Expansion spending and capital returns provide additional support. The partnership outlined $75 million to $85 million of 2026 expansion capital expenditures and plans to redeem its Series B preferred units. The investments could expand future earnings capacity, while the redemption may simplify the capital structure and reduce preferred-unit obligations. Global Partners outlines 2026 expansion CapEx of $75M-$85M as it redeems Series B preferred units
• Positive Sentiment: Cash-return efforts remain a favorable investor signal. Coverage of the quarterly update emphasized strong earnings and cash returns, reinforcing the appeal of GLP’s income-oriented investment case. Global Partners Reports Strong Quarterly Earnings and Cash Returns
• Neutral Sentiment: Analyst sentiment remains constructive but not uniformly bullish. Wall Street Zen changed its rating to Buy, which is supportive overall but may represent a reduction from a stronger prior rating. Global Partners Cut to Buy at Wall Street Zen
• Negative Sentiment: Revenue fell short of expectations. Quarterly revenue was $6.79 billion versus the $7.51 billion consensus estimate. Although earnings benefited from stronger profitability, the sales miss and the partnership’s thin net margin of 0.77% remain risks for investors.

Global Partners Company Profile

Global Partners LP is a publicly traded master limited partnership engaged in the wholesale distribution and retail marketing of petroleum products. The company sources refined petroleum products from major refineries and suppliers and transports them through an integrated network of pipelines, terminals and storage facilities. Global Partners focuses on delivering fuel and related services to commercial, industrial and residential customers, positioning itself as a key midstream and downstream energy operator in its core markets.

Through its extensive terminal network in the northeastern United States and eastern Canada, Global Partners supplies gasoline, diesel, home heating oil, kerosene, propane and biofuels to a broad customer base.