Global Partners LP Common Units representing Limited Partner Interests (GLP)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett/Graham style investor, I look first at what Global Partners is: a fuel logistics and wholesale distribution partnership, moving gasoline, distillates, renewable fuels, crude oil, and propane. In fiscal Q2 2026, the quarter ended 2026-06-30, it reported revenue of $2.9B and net income of $71.0M. That is up from fiscal Q2 2025, the quarter ended 2025-06-30, when revenue was $2.1B and net income $25.2M. Yet the annual record is uneven: fiscal year 2025, ended 2025-12-31, net income was $98.0M, down from $110.3M in fiscal year 2024, ended 2024-12-31, and $152.5M in fiscal year 2023, ended 2023-12-31. The Lynch screen calls it a slow grower that is shrinking, with profit down 0.8% a year over five years. The balance sheet demands respect: debt-to-equity of 2.68 and an Altman Z-score of 2.15, while ROCE is only 5.25%. Still, ROE is 27.21%, Piotroski is 8/9, and trailing free cash flow is $199.4M, an 11.9% FCF yield. At the close on 2026-10-13, the price was $49.49. FairStock's P/E is 10.12, P/B 2.49, EV/EBITDA 7.65, and the Graham Number is $49.32, so there is virtually no margin of safety. The 6.37% distribution yield is attractive, but leverage and cyclical fuel margins mean it is not a wide-moat compounder. I would call the price roughly fair, with the recent earnings spike needing to prove durable.

In plain English: Global Partners LP stores, blends, and moves fuels such as gasoline, diesel, heating oil, and propane to gas stations and businesses. Recent quarterly profit rose sharply, but annual profits have slipped over the past few years and the company uses a lot of borrowed money. At $49.49 on 2026-10-13, the price looks close to what its earnings and accounting value suggest, so it appears more fair than clearly cheap.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer