Global Partners announces passing of chairman Richard Slifka
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 27 2025
0mins
Should l Buy GLP?
Announcement of Passing: Global Partners LP announced the death of Richard Slifka, Chairman of the Board of Directors for Global GP LLC, who passed away on May 25, 2025, at the age of 85.
Tribute to Richard Slifka: Eric Slifka, President and CEO of Global Partners LP, praised Richard for his foundational role in the company, highlighting his diligence, consistency, and commitment to community, stating he will be deeply missed.
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Analyst Views on GLP
Wall Street analysts forecast GLP stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 48.740
Low
45.00
Averages
45.00
High
45.00
Current: 48.740
Low
45.00
Averages
45.00
High
45.00
About GLP
Global Partners LP is an integrated owner, supplier, and operator of liquid energy terminals, fueling locations, and guest-focused retail experiences. The Company operates or maintains storage at 54 liquid energy terminals with connectivity to rail, pipeline, and marine assets spanning from Maine to Florida and into the United States Gulf States. It distributes gasoline, distillates, residual oil, and renewable fuels. The Company’s segments include Wholesale, Gasoline Distribution and Station Operations (GDSO) and Commercial. The Wholesale segment is engaged in the logistics of selling, gathering, blending, storing and transporting refined petroleum products, gasoline blend stocks, renewable fuels, crude oil and propane. The GDSO segment includes sales of branded and unbranded gasoline to gasoline station operators and sub-jobbers. The Commercial segment includes sales and deliveries of unbranded gasoline, home heating oil, diesel, kerosene, residual oil and bunker fuel.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Executive Appointment: Global Partners LP welcomed Kristin Seabrook as Chief Legal Officer, bringing valuable business and legal experience from Pilot, which is expected to enhance the company's efficiency in legal compliance and business expansion.
- Financial Performance: Adjusted EBITDA for Q4 was $94.8 million, down from $97.8 million year-over-year, while net income increased from $23.9 million to $25.1 million, indicating stability in profitability despite market challenges.
- CapEx Outlook: The CFO guided for maintenance CapEx in 2026 to be between $60 million and $70 million, and expansion CapEx between $75 million and $85 million, reflecting the company's commitment to ongoing investments in growth, particularly in terminal and data infrastructure.
- Market Expansion: The company's expansion into the Houston bunkering market has shown promising results, with management expressing confidence in future growth and emphasizing ongoing site optimization to adapt to market changes and maintain profitability in a competitive landscape.
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- Earnings Miss: Global Partners reported a Q4 GAAP EPS of $0.54, missing estimates by $0.06, indicating a decline in profitability that could undermine investor confidence.
- Revenue Shortfall: The Q4 revenue of $4.64 billion, while up 10.7% year-over-year, fell short of expectations by $2.3 billion, reflecting weak market demand that may hinder future growth.
- EBITDA Decline: The EBITDA for Q4 2025 was $94.1 million, slightly down from $94.6 million in Q4 2024, suggesting challenges in cost management that impact overall profitability.
- Decreased Cash Flow: Distributable cash flow in Q4 was $38.4 million, down from $45.7 million in the same period last year, indicating pressure on the company's cash generation capabilities, which may affect future dividend policies.
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- Profit Growth: Global Partners LP reported a fourth-quarter profit of $18.34 million, translating to earnings per share of $0.54, which is an increase from $17.79 million and $0.52 per share in the same period last year, indicating a steady improvement in the company's profitability.
- Revenue Increase: The company's revenue rose by 11.0% in the fourth quarter, climbing from $4.186 billion last year to $4.647 billion, reflecting successful market demand and sales strategies.
- Financial Performance Comparison: The dual growth in profit and revenue compared to the previous year underscores the effectiveness of the company's operational efficiency and market expansion strategies, enhancing investor confidence in its future prospects.
- Market Outlook: With sustained growth in revenue and profit, Global Partners LP is solidifying its competitive position in the industry, with potential for further market share expansion and increased shareholder value.
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- Market Sentiment Decline: The CNN Money Fear & Greed Index fell from 45.8 to 44.4, indicating a shift to the fear zone, which may weaken investor confidence and negatively impact stock performance.
- Jobless Claims Rise: Initial jobless claims in the U.S. increased by 4,000 to 212,000, close to the market estimate of 215,000, reflecting potential softness in the labor market that could adversely affect consumer spending.
- Major Index Performance: The Dow Jones rose by about 17 points to 49,499.20, while the S&P 500 fell 0.54% to 6,908.86, and the Nasdaq Composite dipped 1.18% to 22,878.38, indicating overall market pressure.
- Sector Performance Divergence: While most sectors closed lower, with consumer discretionary, information technology, and communication services suffering the largest losses, industrials and financial stocks bucked the trend, suggesting some resilience within the market.
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- Market Dynamics: U.S. stock futures opened lower this morning on Friday, reflecting cautious investor sentiment that may influence trading decisions today.
- Investor Focus: Despite the overall market decline, certain individual stocks may still attract investor attention, indicating a trend of market differentiation.
- Data Source: Market news and data are provided by Benzinga APIs, ensuring timely and accurate information to assist investors in making informed decisions.
- Investment Advice: Benzinga advises investors to keep an eye on individual stock movements, as specific stocks may still present investment opportunities despite the overall market underperformance.
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- Earnings Release Date: Global Partners (GLP) is set to announce its Q4 earnings on February 27th before market open, with strong anticipation from the market regarding its performance.
- Earnings Expectations: The consensus EPS estimate stands at $0.60, with revenue projected at $6.94 billion, reflecting a robust year-over-year growth of 65.6%, indicating significant growth potential.
- Historical Performance: Over the past two years, GLP has exceeded EPS estimates 88% of the time and revenue estimates 38% of the time, demonstrating a solid track record of profitability.
- Market Rating: Seeking Alpha has upgraded Global Partners to a “Strong Buy” rating, reflecting optimistic market sentiment about its future performance, particularly as current market fears create investment opportunities.
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