Global Partners LP Global Partners LP Common Units representing Limited Partner Interests (GLP) Company Bio
Global Partners LP distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial customers in the New England states and New York. It operates in three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial. The company was founded in 2005 and is based in Waltham, Massachusetts.
GLP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Global Partners Lp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Global Partners Lp ranked in the 84th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for GLP, they are:
The company's balance sheet shows it gets 23% of its capital from equity, and 77% of its capital from debt. Notably, its equity weight is greater than merely 24.73% of US equities in the Energy sector yielding a positive free cash flow.
Global Partners Lp's weighted average cost of capital (WACC) is 7%; for context, that number is higher than only 24.82% of tickers in our DCF set.
Global Partners Lp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
MRC, LBRT, GPRK, SGU, and PAA can be thought of as valuation peers to GLP, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced that it will release its second-quarter 2020 financial results before the market opens on Thursday, August 6, 2020, and host a conference call that morning for investors and analysts. Time: 10:00 a.m. ET Dial-in numbers: (877) 709-8155 (U.S. and Canada) (201) 689-8881 (International) The call also will be webcast live and archived on the Investor Relations section of the Global Partners website, https://ir.globalp
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a quarterly cash distribution of $0.609375 per unit ($2.4375 per unit on an annualized basis) on the Partnership’s Series A preferred units for the period from May 15, 2020 through August 14, 2020. This distribution will be payable on August 17, 2020 to holders of record as of the opening of business on August 3, 2020. Non-U.S. Withholdi
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global Partners” or the “Partnership”) announced today that the Board of Directors of the general partner (the “General Partner”) authorized the General Partner to repurchase up to 250,000 of the Partnership’s common units from time to time, in one or more open-market transactions, including block trades, or in privately negotiated transactions. Any common units repurchased by the General Partner will be used to meet the General
Moody's Investors Service ("Moody's") affirmed Global Partners LP's (GLP) Corporate Family Rating (CFR) at B1, Probability of Default Rating (PDR) at B1-PD and senior unsecured notes ratings at B2. "The change in GLP's outlook to negative reflects our expectation that credit metrics will weaken because of decreased volumes in 2020," said Jonathan Teitel, a Moody's Assistant Vice President and Analyst.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]