GLP Intrinsic Value Calculator – Global Partners LP Reports Earnings Results for FY2023 Q2
August 8, 2023
🌥️Earnings Overview
GLOBAL PARTNERS LP ($NYSE:GLP) reported its financial results for the second quarter of fiscal year 2023 (ending June 30th, 2023) on August 4th, 2023. Total revenue was USD 3831.7 million, a decrease of 28.0% compared to the same period in the prior year. Furthermore, net income was USD 41.4 million, a 74.6% decrease from the same time in the prior year.
Share Price
GLOBAL PARTNERS LP reported their earnings results for the second quarter of FY2023 on Friday. The stock opened at $34.0 and closed at $31.7, a drop of 6.3% from the previous closing price of $33.8. This represented the lowest closing price since early April of this year. This was mainly due to decreased sales as well as increased expenditure on sales and marketing as well as research and development.
Overall, GLOBAL PARTNERS LP reported a decrease in both their revenue and their net income in the FY2023 Q2 compared to the same period a year ago. Despite this, they remain optimistic about the progress they have made in recent months, and are confident that they will be able to turn around their business in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for GLP. More…
| Total Revenues | Net Income | Net Margin |
| 16.92k | 217.57 | 1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for GLP. More…
| Operations | Investing | Financing |
| 340.74 | -211.2 | -125.88 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for GLP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.94k | 2.16k | 22.81 |
Key Ratios Snapshot
Some of the financial key ratios for GLP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.6% | 20.3% | 2.0% |
| FCF Margin | ROE | ROA |
| 1.4% | 27.3% | 7.1% |
Analysis – GLP Intrinsic Value Calculator
GoodWhale has conducted an analysis of GLOBAL PARTNERS LP’s fundamentals. Our proprietary Valuation Line has calculated the intrinsic value of GLOBAL PARTNERS LP’s share to be around $30.3. Currently, GLOBAL PARTNERS LP shares are being traded at $31.7, calculated to be a fair price but slightly overvalued by 4.5%. More…
Peers
Global Partners LP is one of the largest publicly traded partnerships and a leading independent owner, operator, and developer of midstream energy assets in North America. The company owns, controls, or has access to one of the largest terminal networks of refined petroleum products and renewable fuels in the Northeast. Global Partners competes with Martin Midstream Partners LP, YPF SA, and PBF Logistics LP.
– Martin Midstream Partners LP ($NASDAQ:MMLP)
Midstream Partners LP is a publicly traded partnership that owns, operates, and develops midstream assets in the United States. The company’s assets include crude oil and refined products pipelines, terminals, and storage facilities. Midstream Partners LP is headquartered in Houston, Texas.
– YPF SA ($NYSE:YPF)
YPF SA is an Argentine oil company with a market cap of 2.91B as of 2022. The company has a return on equity of 22.03%. YPF SA is engaged in the exploration, development, and production of oil and gas in Argentina. The company also produces and markets natural gas, electricity, and petrochemicals.
– PBF Logistics LP ($NYSE:PBFX)
PBF Logistics LP is a master limited partnership that owns, leases, operates and develops crude oil and refined petroleum products terminals, pipelines, storage tanks and trucks. As of December 31, 2020, the company’s assets included 27 terminals, six pipelines and two trucking fleets with a total capacity of approximately 33.5 million barrels.
PBF Logistics LP has a market cap of 1.33B as of December 31, 2020. The company’s Return on Equity for 2020 was 43.63%.
PBF Logistics LP is engaged in the business of owning, leasing, operating and developing crude oil and refined petroleum products terminals, pipelines, storage tanks and trucks. The company’s terminals are located in California, Louisiana, New Jersey, Ohio and Texas. The company’s pipelines transport crude oil and refined products in Ohio and Texas. The company’s trucking fleet delivers crude oil and refined products to customers in Ohio and Texas.
Summary
GLOBAL PARTNERS LP reported a decrease in total revenue of 28.0% and net income of 74.6% for FY2023 Q2, as of June 30 2023, compared to the same period last year. Investors were not enthused by this news, resulting in a drop in the stock price on August 4 2023. Analysts suggest that investors should watch for any changes in operational or financial performance to assess the company’s future prospects. Additionally, investors should weigh the potential risks associated with investing in GLOBAL PARTNERS LP, such as its declining revenue and profits.
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