Global Partners LP

A publicly traded master limited partnership, Global is a midstream logistics and marketing company that owns, controls or has access to one of the largest terminal networks of petroleum products and renewable fuels in the Northeast. Global also is one of the largest distributors of gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers in New England and New York. The Partnership is engaged in the transportation of crude oil and other products by rail from the mid-continental U.S. and Canada to the East and West Coasts for distribution to refiners and others. With approximately 1,500 locations, primarily in the Northeast, Global also is one of the largest independent owners, suppliers and operators of gasoline stations and convenience stores.

Company Growth (employees)
Type
Public
HQ
Waltham, US
Founded
2005
Size (employees)
1,890 (est)
Global Partners LP was founded in 2005 and is headquartered in Waltham, US

Key People at Global Partners LP

Eric Slifka

Eric Slifka

President and Chief Executive Officer
Daphne Foster

Daphne Foster

Chief Financial Officer
Andrew Slifka

Andrew Slifka

Executive Vice President
Edward Faneuil

Edward Faneuil

Executive Vice President, General Counsel and Secretary
Charles Rudinsky

Charles Rudinsky

Executive Vice President, Chief Accounting Officer and Co-Director of Mergers & Acquisitions

Global Partners LP Office Locations

Global Partners LP has an office in Waltham
Waltham, US (HQ)
200 800 South St

Global Partners LP Metrics

Global Partners LP Financial Metrics

Revenue (2016)

$8.2 b

Revenue growth (2015-16), %

(20%)

Gross profit

$546.5 m

Gross profit margin (2016), %

7%

Net income (2016)

($238.6 m)

Market capitalization (21-Mar-2017)

$635.6 m

Closing share price (21-Mar-2017)

$19.2

Cash (31-Dec-2016)

$10 m
Global Partners LP's current market capitalization is $635.6 m.
Global Partners LP's revenue was reported to be $8.2 b in FY, 2016 which is a 20.1% decrease from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$19.6 b$17.3 b$10.3 b$8.2 b

Revenue growth, %

(12%)(40%)(20%)

Cost of goods sold

$19.2 b$16.7 b$9.7 b$7.7 b

Gross profit

$405.8 m$544.8 m$597.7 m$546.5 m

Gross profit Margin, %

2%3%6%7%

Operating expense total

$320.4 m$379.1 m$482.9 m$698.7 m

EBIT

$85.4 m$165.7 m$114.7 m($152.3 m)

EBIT margin, %

0%1%1%(2%)

Interest expense

$43.5 m$47.8 m$73.3 m$86.3 m

Pre tax profit

$41.9 m$117 m$43.3 m($238.6 m)

Income tax expense

($819 k)$963 k($1.9 m)$53 k

Net Income

$41.1 m$117 m$43.3 m($238.6 m)
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$9.2 m$5.2 m$1.1 m$10 m

Accounts Receivable

$686.4 m$457.7 m$311.4 m$421.4 m

Inventories

$572.8 m$336.8 m$389 m$521.9 m

Current Assets

$1.4 b$961.2 m$867 m$1.1 b

PP&E

$803.6 m$825.1 m$1.2 b$1.1 b

Goodwill

$154.1 m$154.1 m$435.4 m$294.8 m

Total Assets

$2.4 b$2 b$2.7 b$2.6 b

Accounts Payable

$781.1 m$456.6 m$303.8 m$320.3 m

Total Debt

$913.7 m$602.6 m$1.2 b$1.3 b

Current Liabilities

$972.6 m$707.5 m$594.7 m$799.2 m

Total Equity

$463.2 m$636.2 m$694 m$397.8 m

Debt to Equity Ratio

2 x0.9 x1.7 x3.3 x

Debt to Assets Ratio

0.4 x0.3 x0.4 x0.5 x

Financial Leverage

5.2 x3.2 x3.8 x6.4 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$41.1 m$117 m$43.3 m($238.6 m)

Accounts Receivable

$8.5 m$227 m$154.7 m($110.2 m)

Inventories

$62 m$236 m($32.6 m)($135.9 m)

Accounts Payable

$18.7 m($324.5 m)($172.3 m)$17.4 m

Cash From Operating Activities

$255.1 m$344.9 m$62.5 m($119.9 m)

Purchases of PP&E

($185.3 m)($185.3 m)($561.2 m)($561.2 m)

Capital Expenditures

($67.1 m)($95.1 m)($92.9 m)($71.3 m)

Cash From Investing Activities

($243.2 m)($91.1 m)($649.8 m)$6.4 m

Cash From Financing Activities

($8.7 m)($257.8 m)$583.1 m$122.4 m

Interest Paid

$31.6 m$59.8 m$64.1 m

Income Taxes Paid

$757 k$2.8 m$17 m

Free Cash Flow

$322.3 m$440 m$155.4 m($48.6 m)

Global Partners LP Operating Metrics

FY, 2016

Stores

248

Gasoline Stations

1.46 k

Bulk Terminals

25

Storage Facilities Capacity, million barrels

12.2

Global Partners LP Market Value History

Global Partners LP Revenue Breakdown

Global Partners LP Online Presence

Global Partners LP Company Life

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