Global Partners Stock (NYSE:GLP), Trade Ideas

Global Partners

Global Partners LP is an U.S.-based limited partnership that acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the Wholesale segment.

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MUSA

BP plc (NYSE: BP), a global leader in the energy sector, has announced the commencement of oil production from its latest offshore platform, Azeri Central East (&#34;ACE&#34;), located offshore Azerbaijan.

BP&#39;s New Offshore Platform in Azerbaijan Goes Operational

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

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Global Partners LP (NYSE: GLP) reported Q2 2023 sales of $3.832 billion, 

Global Partners Q2 Earnings Miss Estimates, Executes Strategic Priorities To Boost Competitive Position

Global Partners LP Common Units representing Limited Partner Interests

Global Partners LP

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BP plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bp#NYSE">BP</a>), a global leader in the energy sector, has announced the commencement of oil production from its latest offshore platform, Azeri Central East (&quot;ACE&quot;), located offshore Azerbaijan. This marks the inauguration of BP&#39;s seventh offshore platform at the Azeri-Chirag-Gunashli (&quot;ACG&quot;) field in the Caspian Sea.
The ACG field, which kickstarted its production journey in 1997, has been a pillar in Azerbaijan&#39;s oil industry, contributing more than 4.3 billion barrels of oil to date. However, the country&#39;s oil production has seen a decline since reaching its peak of approximately 1 million barrels per day during 2011-2012.
The ACE project, backed by a $6 billion investment, marks the next stage in the evolution of the ACG field. Positioned strategically at a water depth of 137 meters, the platform is equipped with 48 slots for production, drilling and accommodation, strategically placed between the Central Azeri and East Azeri platforms.
Designed to handle up to 100,000 barrels per day, the ACE platform and its associated infrastructure are poised to play a pivotal role in revitalizing Azerbaijan&#39;s oil production landscape. The project, with its anticipated lifespan, is projected to yield a staggering 300 million barrels of oil.
BP has outlined ambitious plans for the ACE platform, expecting to witness a substantial boost in its production capacity in the coming years. As part of these plans, BP aims to drill, complete and activate two additional wells, which is anticipated to escalate ACE&#39;s production to approximately 24,000 barrels per day by 2024.
The ACE platform distinguishes itself with its technological sophistication and digital prowess. Leveraging automation and modern processes, the platform ensures safer and more efficient operations while concurrently reducing operational emissions. Gary Jones, BP&#39;s regional president for Azerbaijan, Georgia and Turkiye, highlighted the collaboration between BP, SOCAR and the government of Azerbaijan as instrumental in this success.&nbsp;
<h3>Zacks Rank &amp; Key Picks</h3>
BP currently carries a Zack Rank #3 (Hold).
Some better-ranked stocks in the&nbsp;energy&nbsp;sector are&nbsp;Murphy USA Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/musa#NYSE">MUSA</a>), Global Partners&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glp#NYSE">GLP</a>) and Sunoco LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sun#NYSE">SUN</a>). While Murphy USA and Global Partners sport a Zacks Rank #1 (Strong Buy) each, Sunoco LP carries a Zacks Rank #2 (Buy) at present.
Murphy USA is a leading independent retailer of motor fuel and convenience merchandise in the United States.
The Zacks Consensus Estimate for MUSA&#39;s 2024 EPS is pegged at $26.40. The company has a Zacks Style Score of B for Growth and B for Value. It has witnessed upward earnings estimate revisions for 2024 in the past seven days.
Global Partners&nbsp;is a leading operator of gasoline stations and convenience stores. Over the past 60 days, GLP has witnessed upward earnings estimate revisions for 2024 and 2025.
The Zacks Consensus Estimate for Global Partners&#39; 2024 and 2025 EPS is pegged at $3.90 and $4.47, respectively. GLP currently has a Zacks Style Score of A for Value.
Sunoco is among the biggest motor fuel distributors in the U.S. wholesale market in terms of volumes. By distributing more than 10 fuel brands via 10,000 convenience stores under long-term distribution contracts, the partnership will continue to generate stable cash flow.&nbsp;
The Zacks Consensus Estimate for SUN&#39;s 2024 EPS is pegged at $4.99. The company has witnessed upward earnings estimate revisions for 2024 in the past seven days.
<a href="https://www.zacks.com/stock/news/2256600/bp-s-new-offshore-platform-in-azerbaijan-goes-operational?cid=CS-BENZ-FT-analyst_blog|company_news_-_energy_sector-2256600">To read this article on Zacks.com click here.</a>

BP's New Offshore Platform in Azerbaijan Goes Operational

Global Partners President And CEO Eric Slifka Says We Begin 2024 With Strong Balance Sheet And Cash Flows That Position Us To Continue To Execute On Our Strategic Priorities

Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) reported quarterly earnings of $1.41 per share which beat the analyst consensus estimate of $0.96 by 46.87 percent. The company reported quarterly sales of $4.41 billion which beat the analyst consensus estimate of $4.39 billion by 0.35 percent. This is a 0.41 percent decrease over sales of $4.43 billion the same period last year.

Earnings Beats

Global Partners Q4 2023 GAAP EPS $1.41 Beats $0.96 Estimate, Sales $4.41B Beat $4.39B Estimate

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Raymond James raised Fusion Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fusn#NASDAQ">FUSN</a>) price target from $12 to $15. Raymond James analyst Rahul Sarugaser upgraded the stock from Outperform to Strong Buy. Fusion Pharmaceuticals shares jumped 16.7% to close at $7.97 on Tuesday. <a href="https://www.benzinga.com/quote/FUSN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BTIG boosted the price target for Organogenesis Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/orgo#NASDAQ">ORGO</a>) from $4 to $6. BTIG analyst Ryan Zimmerman maintained a Buy rating. Organogenesis shares gained 0.3% to close at $3.97 on Tuesday. <a href="https://www.benzinga.com/quote/ORGO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Canaccord Genuity boosted the price target for Aspen Aerogels, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aspn#NYSE">ASPN</a>) from $13 to $17. Canaccord Genuity analyst George Gianarikas maintained a Buy rating. Aspen Aerogels shares gained 4.6% to close at $16.09 on Tuesday. <a href="https://www.benzinga.com/quote/ASPN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wedbush increased Pinterest, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) price target from $32 to $35. Wedbush analyst Scott Devitt maintained a Neutral rating. Pinterest shares fell 0.6% to close at $37.16 on Tuesday. <a href="https://www.benzinga.com/quote/PINS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BTIG boosted the price target for Expedia Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/expe#NASDAQ">EXPE</a>) from $150 to $175. BTIG analyst Jake Fuller maintained a Buy rating. Expedia shares fell 1.4% to close at $153.14 on Tuesday. <a href="https://www.benzinga.com/quote/EXPE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities slashed the price target for Bristol-Myers Squibb Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bmy#NYSE">BMY</a>) from $72 to $68. B of A Securities analyst Geoff Meacham maintained a Buy rating. Bristol-Myers Squibb shares fell 1.6% to close at $51.45 on Tuesday. <a href="https://www.benzinga.com/quote/BMY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush raised Meta Platforms, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) price target from $350 to $420. Wedbush analyst Scott Devitt maintained an Outperform rating. Meta shares rose 0.4% to close at $354.83 on Tuesday. <a href="https://www.benzinga.com/quote/META/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen cut Milestone Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mist#NASDAQ">MIST</a>) price target from $17 to $9. TD Cowen maintained an Outperform rating. Milestone Pharmaceuticals shares fell 30.9% to close at $1.99 on Tuesday. <a href="https://www.benzinga.com/quote/MIST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel boosted Global Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glp#NYSE">GLP</a>) price target from $40 to $44. Stifel analyst Selman Akyol maintained a Buy rating. Global Partners shares fell 1.1% to close at $42.21 on Tuesday. <a href="https://www.benzinga.com/quote/GLP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush boosted MercadoLibre, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meli#NASDAQ">MELI</a>) price target from $1,700 to $1,800. Wedbush analyst Scott Devitt maintained an Outperform rating. MercadoLibre shares fell 0.8% to close at $1,576.64 on Tuesday. <a href="https://www.benzinga.com/quote/MELI/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Check This Out: <a href="https://www.benzinga.com/news/23/12/36358246/nike-posts-downbeat-sales-joins-netease-and-other-big-stocks-moving-lower-in-fridays-pre-market-sess"> Nike Posts Downbeat Sales, Joins NetEase And Other Big Stocks Moving Lower In Friday&#39;s Pre-Market Session </a>

Stifel analyst Selman Akyol maintains Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) with a Buy and raises the price target from $40 to $44.

Stifel Maintains Buy on Global Partners, Raises Price Target to $44

<h3>What is a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the energy sector:</h2>
<ol>
<li>Callon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPE#NYSE">CPE</a>) - P/E: 2.92</li>
<li>Smart Sand (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SND#NASDAQ">SND</a>) - P/E: 6.27</li>
<li>Chesapeake Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHK#NASDAQ">CHK</a>) - P/E: 2.03</li>
<li>Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) - P/E: 8.48</li>
<li>Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) - P/E: 9.95</li>
</ol>
This quarter, Callon Petroleum experienced a decrease in earnings per share, which was $1.99 in Q2 and is now $1.82. Smart Sand saw an increase in earnings per share from 0.17 in Q2 to $0.18 now. Chesapeake Energy has reported Q3 earnings per share at $1.09, which has increased by 70.31% compared to Q2, which was 0.64. Most recently, the company reported a dividend yield of 0.42%, which has decreased by 2.27% from last quarter's yield of 2.69%.
This quarter, Diamondback Energy experienced an increase in earnings per share, which was $3.68 in Q2 and is now $5.49. Global Partners has reported Q3 earnings per share at $0.6, which has decreased by 42.86% compared to Q2, which was 1.05. Its most recent dividend yield is at 9.28%, which has increased by 0.95% from 8.33% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

FANG

5 Value Stocks To Watch In The Energy Sector

<h3>The Meaning Behind Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the energy sector:</h2>
<ol>
<li>ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) - P/E: 8.09</li>
<li>YPF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YPF#NYSE">YPF</a>) - P/E: 9.42</li>
<li>Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) - P/E: 9.55</li>
<li>Baytex Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTE#NYSE">BTE</a>) - P/E: 3.6</li>
<li>Sunoco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUN#NYSE">SUN</a>) - P/E: 9.45</li>
</ol>
This quarter, ProPetro Holding experienced a decrease in earnings per share, which was $0.34 in Q2 and is now $0.31. YPF has reported Q3 earnings per share at $-0.33, which has decreased by 140.24% compared to Q2, which was 0.82. The company's most recent dividend yield sits at 1.0%, which has increased by 0.47% from 0.53% last quarter. 
This quarter, Global Partners experienced a decrease in earnings per share, which was $1.05 in Q2 and is now $0.6. Most recently, the company reported a dividend yield of 9.28%, which has increased by 0.95% from last quarter's yield of 8.33%.
This quarter, Baytex Energy experienced a decrease in earnings per share, which was $0.27 in Q2 and is now $0.11. Most recently, the company reported a dividend yield of 3.74%, which has decreased by 5.66% from last quarter's yield of 9.4%.
Most recently, Sunoco reported earnings per share at $2.95, whereas in Q2 earnings per share sat at $0.78. The company's most recent dividend yield sits at 6.61%, which has decreased by 0.89% from 7.5% last quarter. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

PUMP

A Look Into Energy Sector Value Stocks

Global Partners LP Agrees To Acquire 25 Liquid Energy Terminals From Motiva Enterprises LLC For $305.8M In Cash

Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) reported quarterly earnings of $0.60 per unit. This is a 80.77 percent decrease over earnings of $3.12 per unit from the same period last year. The company reported quarterly sales of $4.22 billion which missed the analyst consensus estimate of $4.26 billion by 1.03 percent. This is a 8.80 percent decrease over sales of $4.63 billion the same period last year.

Global Partners Q3 Earnings Per Unit $0.60 vs $3.12 Last Year, Sales $4.22B Miss $4.26B Estimate

Monday marks the last chance for investors to receive the next dividend payout from Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a quarterly dividend of 68.5 cents per share. On Tuesday, Global Partners will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 68.5 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own GLP as of the end of Monday's session are eligible to receive the 68.5 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on November 14, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/GLP">See current stock movements Global Partners on Benzinga.</a>

Dividends

Global Partners's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

WIIM

CTRA

EURN

EZFL

KLXE

MTDR

NINE

PTEN

STNG

TALO

VTLE

Shares of oil, gas and energy services stocks are trading lower amid a drop in oil prices.

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Below is a list of notable value stocks in the energy sector:</h2>
<ol>
<li>Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) - P/E: 4.82</li>
<li>Amplify Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPY#NYSE">AMPY</a>) - P/E: 0.67</li>
<li>Northern Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) - P/E: 2.91</li>
<li>Eni (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/E#NYSE">E</a>) - P/E: 5.25</li>
<li>Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) - P/E: 7.8</li>
</ol>
Global Partners's earnings per share for Q2 sits at $1.05, whereas in Q1, they were at 0.7. Most recently, the company reported a dividend yield of 8.33%, which has decreased by 0.13% from last quarter's yield of 8.46%.
Amplify Energy's earnings per share for Q2 sits at $0.24, whereas in Q1, they were at 0.21. Its most recent dividend yield is at 9.62%, which has decreased by 0.89% from 10.51% in the previous quarter.
Most recently, Northern Oil &amp; Gas reported earnings per share at $1.49, whereas in Q1 earnings per share sat at $1.76. Most recently, the company reported a dividend yield of 3.86%, which has decreased by 0.6% from last quarter's yield of 4.46%.
Eni has reported Q2 earnings per share at $1.24, which has decreased by 32.97% compared to Q1, which was 1.85. The company's most recent dividend yield sits at 3.31%, which has decreased by 0.15% from 3.46% last quarter. 
Diamondback Energy has reported Q2 earnings per share at $3.68, which has decreased by 10.24% compared to Q1, which was 4.1. Most recently, the company reported a dividend yield of 2.31%, which has increased by 0.06% from last quarter's yield of 2.25%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

AMPY

5 Value Stocks In The Energy Sector

Global Partners LP&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glp#NYSE">GLP</a>) reported Q2 2023 sales of $3.832 billion,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/08/b33572014/global-partners-reports-second-quarter-2023-financial-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">missing the consensus of $4.09 billion</a>.
EPS of $1.05&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">missed the consensus of $1.28</a>.&nbsp;
Total volume remained flat year over year to 1.3 billion gallons.
Adjusted EBITDA decreased to $91.6 million from $134.9 million a year ago.
Combined product margin (gross profit adjusted for depreciation allocated to cost of sales) came in at $265.6 million compared with $301.9 million a year ago.
Gasoline Distribution and Station Operations (GDSO) segment product margin was $199.1 million compared with $198.9 million a year ago.&nbsp;
The wholesale segment product margin was $59.7 million compared with $90.5 million a year ago, primarily due to less favorable market conditions in distillates and residual oil.
The company exited the quarter with cash and equivalents worth $11.04 million.&nbsp;
Outlook
&quot;We have a&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/guidance" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">healthy and well-capitalized balance sheet</a>&nbsp;that continues to position us positively for long-term growth,&quot; said Eric Slifka, the Partnership&#39;s President and Chief Executive Officer.&nbsp;
&quot;Looking ahead, we remain focused on executing our strategic priorities to maintain our competitive position and drive value for our unitholders.&quot;
Price Action: GLP shares are trading lower by 2.28% to $33.07 on the last check Friday.

Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) reported quarterly earnings of $1.05 per share which missed the analyst consensus estimate of $1.28 by 17.97 percent. This is a 56.07 percent decrease over earnings of $2.39 per share from the same period last year. The company reported quarterly sales of $3.80 billion which missed the analyst consensus estimate of $4.09 billion by 7.00 percent. This is a 28.63 percent decrease over sales of $5.32 billion the same period last year.

Global Partners Q2 EPS $1.05 Misses $1.28 Estimate, Sales $3.80B Miss $4.09B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; WPP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPP#NYSE">WPP</a>) is projected to report earnings for its first quarter.
&bull; Anglogold Ashanti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) is likely to report earnings for its first quarter.
&bull; Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) is likely to report quarterly earnings at $0.85 per share on revenue of $35.92 billion.
&bull; Creative Realities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREX#NASDAQ">CREX</a>) is likely to report quarterly loss at $0.12 per share on revenue of $10.00 million.
&bull; United States Cellular (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USM#NYSE">USM</a>) is likely to report quarterly earnings at $0.21 per share on revenue of $995.64 million.
&bull; TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) is likely to report quarterly earnings at $0.13 per share on revenue of $416.66 million.
&bull; Precision BioSciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTIL#NASDAQ">DTIL</a>) is estimated to report quarterly loss at $0.23 per share on revenue of $6.58 million.
&bull; Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) is expected to report quarterly earnings at $0.51 per share on revenue of $7.49 billion.
&bull; Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) is estimated to report quarterly earnings at $0.54 per share on revenue of $880.32 million.
&bull; FuboTV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>) is estimated to report quarterly loss at $0.23 per share on revenue of $301.93 million.
&bull; Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $18.06 billion.
&bull; Frontier Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NASDAQ">FYBR</a>) is expected to report quarterly earnings at $0.01 per share on revenue of $1.44 billion.
&bull; DigitalBridge Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBRG#NYSE">DBRG</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $315.48 million.
&bull; Icahn Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NASDAQ">IEP</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $2.66 billion.
&bull; Telephone and Data (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDS#NYSE">TDS</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $1.31 billion.
&bull; TELUS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TU#NYSE">TU</a>) is expected to report quarterly earnings at $0.18 per share on revenue of $3.69 billion.
&bull; Barnes &amp; Noble Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) is expected to report quarterly loss at $0.60 per share on revenue of $215.94 million.
&bull; Nikola (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) is projected to report quarterly loss at $0.22 per share on revenue of $15.43 million.
&bull; Plains All American (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $16.84 billion.
&bull; Dixie Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXYN#NASDAQ">DXYN</a>) is likely to report earnings for its second quarter.
&bull; Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) is likely to report earnings for its second quarter.
&bull; Owens &amp; Minor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) is projected to report quarterly earnings at $0.16 per share on revenue of $2.48 billion.
&bull; Green Plains (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRE#NASDAQ">GPRE</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $820.33 million.
&bull; Calumet Specialty Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLMT#NASDAQ">CLMT</a>) is projected to report quarterly loss at $0.07 per share on revenue of $1.09 billion.
&bull; Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEP#NYSE">BEP</a>) is likely to report quarterly earnings at $0.08 per share on revenue of $798.25 million.
&bull; GrafTech International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>) is expected to report quarterly loss at $0.01 per share on revenue of $179.54 million.
&bull; Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEPC#NYSE">BEPC</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $1.39 billion.
&bull; E W Scripps (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>) is likely to report quarterly loss at $0.11 per share on revenue of $572.50 million.
&bull; Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) is expected to report quarterly loss at $0.23 per share on revenue of $798.10 million.
&bull; Fisker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSR#NYSE">FSR</a>) is projected to report quarterly loss at $0.31 per share on revenue of $20.40 million.
&bull; Fulgent Genetics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLGT#NASDAQ">FLGT</a>) is estimated to report quarterly loss at $0.33 per share on revenue of $62.68 million.
&bull; Rapid Micro Biosystems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPID#NASDAQ">RPID</a>) is projected to report quarterly loss at $0.36 per share on revenue of $4.23 million.
&bull; Twist Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) is projected to report quarterly loss at $1.14 per share on revenue of $60.71 million.
&bull; American Axle &amp; Mfg Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $1.56 billion.
&bull; Advantage Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADV#NASDAQ">ADV</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $1.03 billion.
&bull; Amneal Pharmaceuticals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMRX#NYSE">AMRX</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $562.49 million.
&bull; ACM Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACMR#NASDAQ">ACMR</a>) is likely to report quarterly earnings at $0.10 per share on revenue of $113.32 million.
&bull; Interface (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TILE#NASDAQ">TILE</a>) is projected to report quarterly earnings at $0.18 per share on revenue of $334.50 million.
&bull; TELUS Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIXT#NYSE">TIXT</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $663.11 million.
&bull; Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) is projected to report quarterly earnings at $0.17 per share on revenue of $60.66 million.
&bull; inTest (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INTT#AMEX">INTT</a>) is likely to report quarterly earnings at $0.27 per share on revenue of $32.10 million.
&bull; Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) is expected to report quarterly earnings at $0.30 per share on revenue of $122.12 million.
&bull; Gates Industrial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTES#NYSE">GTES</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $935.63 million.
&bull; Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) is projected to report quarterly earnings at $0.36 per share on revenue of $3.61 billion.
&bull; PNM Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNM#NYSE">PNM</a>) is likely to report quarterly earnings at $0.50 per share on revenue of $582.11 million.
&bull; Corebridge Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>) is likely to report quarterly earnings at $0.97 per share on revenue of $4.47 billion.
&bull; Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) is expected to report quarterly earnings at $1.28 per share on revenue of $4.09 billion.
&bull; AdvanSix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASIX#NYSE">ASIX</a>) is likely to report quarterly earnings at $1.11 per share on revenue of $418.67 million.
&bull; Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) is estimated to report quarterly earnings at $1.25 per share on revenue of $10.20 billion.
&bull; Alpha Metallurgical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMR#NYSE">AMR</a>) is projected to report quarterly earnings at $9.32 per share on revenue of $745.00 million.
&bull; RBC Bearings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBC#NYSE">RBC</a>) is estimated to report quarterly earnings at $1.97 per share on revenue of $390.72 million.
&bull; Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) is estimated to report quarterly earnings at $1.76 per share on revenue of $467.18 million.
&bull; AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) is likely to report quarterly earnings at $1.77 per share on revenue of $717.48 million.
&bull; Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) is likely to report quarterly earnings at $1.47 per share on revenue of $257.02 million.
&bull; Liberty Broadband (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDA#NASDAQ">LBRDA</a>) is likely to report quarterly earnings at $1.57 per share on revenue of $245.84 million.
&bull; Liberty Broadband (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDK#NASDAQ">LBRDK</a>) is expected to report quarterly earnings at $2.40 per share on revenue of $237.90 million.
&bull; IES Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IESC#NASDAQ">IESC</a>) is expected to report earnings for its third quarter.
&bull; Liberty SiriusXM Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSXMK#NASDAQ">LSXMK</a>) is estimated to report quarterly earnings at $0.99 per share on revenue of $2.26 billion.
&bull; Liberty SiriusXM Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSXMA#NASDAQ">LSXMA</a>) is estimated to report quarterly earnings at $0.99 per share on revenue of $2.26 billion.
&bull; Liberty Formula One Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWONA#NASDAQ">FWONA</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $725.10 million.
&bull; Liberty Formula One Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWONK#NASDAQ">FWONK</a>) is likely to report quarterly earnings at $0.05 per share on revenue of $745.36 million.
&bull; Evergy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>) is estimated to report quarterly earnings at $0.79 per share on revenue of $1.24 billion.
&bull; LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) is projected to report quarterly earnings at $2.29 per share on revenue of $10.40 billion.
&bull; XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) is estimated to report quarterly earnings at $0.61 per share on revenue of $1.93 billion.
&bull; PPL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $1.73 billion.
&bull; Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) is estimated to report quarterly earnings at $0.48 per share on revenue of $3.67 billion.
&bull; Element Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $427.45 million.
&bull; Tennant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNC#NYSE">TNC</a>) is estimated to report quarterly earnings at $1.16 per share on revenue of $291.67 million.
&bull; Natural Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRP#NYSE">NRP</a>) is expected to report earnings for its second quarter.
&bull; Rand Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAND#NASDAQ">RAND</a>) is estimated to report earnings for its second quarter.
&bull; Brookfield Bus Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBU#NYSE">BBU</a>) is estimated to report earnings for its second quarter.
&bull; Green Plains Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPP#NASDAQ">GPP</a>) is expected to report earnings for its second quarter.
&bull; Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) is expected to report quarterly loss at $0.23 per share on revenue of $151.50 million.
&bull; Atlanta Braves Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BATRA#NASDAQ">BATRA</a>) is estimated to report quarterly earnings at $0.49 per share on revenue of $276.90 million.
&bull; Liberty TripAdvisor Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRPA#NASDAQ">LTRPA</a>) is expected to report earnings for its second quarter.
&bull; Atlanta Braves Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BATRK#NASDAQ">BATRK</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $275.30 million.
&bull; Qurate Retail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRTEA#NASDAQ">QRTEA</a>) is expected to report quarterly earnings at $0.11 per share on revenue of $2.71 billion.
&bull; Qurate Retail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRTEB#NASDAQ">QRTEB</a>) is estimated to report earnings for its second quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Ideanomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDEX#NASDAQ">IDEX</a>) is expected to report earnings for its first quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ACMR

AMCX

AMRX

ASIX

BATRA

BATRK

BEPC

BNED

CBOE

CLMT

CRBG

CREX

DBRG

DTIL

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ESNT

EVRG

FLGT

FUBO

FWONA

FWONK

FYBR

GPRE

GTES

IDEX

IESC

INTT

LBRDA

LBRDK

LSXMA

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LTRPA

NKLA

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Earnings Scheduled For August 4, 2023

Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) is set to give its latest quarterly earnings report on Friday, 2023-08-04. Here's what investors need to know before the announcement.
Analysts estimate that Global Partners will report an earnings per share (EPS) of $1.28. 
Global Partners bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.05, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Global Partners's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.65</td>
<td>1.40</td>
<td>1.33</td>
<td>1.21</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.70</td>
<td>1.54</td>
<td>3.12</td>
<td>2.39</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.9%</td>
<td>-0.88%</td>
<td>-5.7%</td>
<td>-0.75%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1691082058_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Global Partners were trading at $33.52 as of August 02. Over the last 52-week period, shares are up 24.72%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/GLP/earnings">To track all earnings releases for Global Partners visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Global Partners's Earnings

<h3>The Meaning Behind Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the energy sector that may be worth watching:</h2>
<ol>
<li>Kimbell Royalty Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRP#NYSE">KRP</a>) - P/E: 6.72</li>
<li>YPF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YPF#NYSE">YPF</a>) - P/E: 3.86</li>
<li>Marathon Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) - P/E: 6.31</li>
<li>Riley Exploration Permian (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/REPX#AMEX">REPX</a>) - P/E: 4.52</li>
<li>Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) - P/E: 3.33</li>
</ol>
Kimbell Royalty Partners saw a decrease in earnings per share from 0.48 in Q4 to $0.36 now. Most recently, the company reported a dividend yield of 8.96%, which has decreased by 4.2% from last quarter's yield of 13.16%.
This quarter, YPF experienced a decrease in earnings per share, which was $1.19 in Q4 and is now $0.87. Most recently, the company reported a dividend yield of 1.0%, which has increased by 0.47% from last quarter's yield of 0.53%.
This quarter, Marathon Oil experienced a decrease in earnings per share, which was $0.88 in Q4 and is now $0.67. Its most recent dividend yield is at 1.68%, which has increased by 0.24% from 1.44% in the previous quarter.
This quarter, Riley Exploration Permian experienced a decrease in earnings per share, which was $1.36 in Q4 and is now $1.26. Its most recent dividend yield is at 3.79%, which has increased by 0.69% from 3.1% in the previous quarter.
Most recently, Global Partners reported earnings per share at $0.7, whereas in Q4 earnings per share sat at $1.54. The company's most recent dividend yield sits at 8.33%, which has decreased by 0.13% from 8.46% last quarter. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

REPX

<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data,</a> Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) posted Q1 earnings of $29.03 million, an increase from Q4 of 49.49%. Sales dropped to $4.03 billion, a 8.97% decrease between quarters. Global Partners earned $57.48 million, and sales totaled $4.43 billion in Q4.
<h3>Why Is ROCE Significant?</h3>
Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q1, Global Partners posted an ROCE of 0.04%.
Keep in mind, while ROCE is a good measure of a company's recent performance, it is not a highly reliable predictor of a company's earnings or sales in the near future. 
ROCE is a powerful metric for comparing the effectiveness of capital allocation for similar companies. A relatively high ROCE shows Global Partners is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and, ultimately, earnings per share (EPS) growth. 
For Global Partners, the positive return on capital employed ratio of 0.04% suggests that management is allocating their capital effectively. Effective capital allocation is a positive indicator that a company will achieve more durable success and favorable long-term returns.
<h3>Analyst Predictions</h3>
Global Partners reported Q1 earnings per share at $0.7/share, which beat analyst predictions of $0.65/share.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Global Partners's Return On Capital Employed Insights

<ul>
<li>Global Partners LP&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glp#NYSE">GLP</a>) reported Q1 2023 sales of $4.03 billion,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/05/b32236516/global-partners-reports-first-quarter-2023-financial-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">missing the consensus of $4.45 billion</a>.</li>
<li>Total volume declined to 1.4 billion gallons versus 1.5 billion gallons in the prior year.&nbsp;</li>
<li>EPS of $0.70 beat the consensus of $0.65.&nbsp;</li>
<li>Adjusted EBITDA rose to $76.0 million from $74.9 million a year ago.</li>
<li>Distributable cash flow declined to $46.3 million from $49.9 million in the prior year.</li>
<li>Combined product margin (gross profit adjusted for depreciation allocated to cost of sales) came in at $244.8 million in Q1 2023 versus $228.2 million in the prior year.</li>
<li>The gasoline Distribution and Station Operations segment product margin increased to $183.5 million from $173.0 million in Q1 2022, led by higher fuel margins and volume in the gasoline distribution business and increased convenience store sales in the station operations business.</li>
<li>The wholesale segment product margin rose to $53.1 million from $47.1 million a year ago, aided by favorable gasoline and gasoline blendstocks conditions.</li>
<li>In Q1, Global Partners and&nbsp;Exxon Mobil Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) inked a joint venture deal to acquire&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/03/b31560395/global-partners-announces-plan-to-expand-retail-operations-into-the-houston-market" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">64 Houston-area convenience and fueling facilities</a>.</li>
<li>GLP&nbsp;announced a quarterly cash distribution of $0.6550 per share, payable on May 15, 2023, to unitholders of record as on May 9, 2023.</li>
<li>&quot;Continued momentum in our Gasoline Distribution and Station Operations segment helped to more than offset the effects of warmer-than-normal temperatures on our winter-sensitive products. Our performance underscores the strength of our diversified business model, which focuses on creating value for unitholders and delivering quality products and superior service to our customers and guests across our network of liquid energy terminals and convenience markets,&quot; said Eric Slifka, President and CEO.&nbsp;</li>
<li>Price Action: GLP shares are trading higher by 5.17% to $30.29 on the last check Friday.</li>
</ul>

Global Partners Reports Q1 EPS Beat, Strong Gasoline Distribution And Station Operations Performance

Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) reported its Q1 earnings results on Friday, May 5, 2023 at 08:00 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Global Partners beat estimated earnings by 7.69%, reporting an EPS of $0.7 versus an estimate of $0.65.
Revenue was down $471.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.14 which was followed by a 0.88% drop in the share price the next day.
Here's a look at Global Partners's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
<th>Q1 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.40</td>
<td>1.33</td>
<td>1.21</td>
<td>-0.11</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.54</td>
<td>3.12</td>
<td>2.39</td>
<td>0.76</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>4.51B</td>
<td>4.11B</td>
<td>4.32B</td>
<td>3.69B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>4.43B</td>
<td>4.63B</td>
<td>5.32B</td>
<td>4.50B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Global Partners <a href="https://www.benzinga.com/quote/GLP/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Global Partners Q1 Earnings

Global Partners Lp (GLP) just unveiled an announcement. Discover key insights from the latest financial report, which are not filed with regulatory...

Global Partners Lp Insights Beyond Official Financials

Global Partners GAAP EPS of $1.41, revenue of $4.41B

Global Partners LP. (GLP) Q4 2023 Earnings Call Transcript

Global Partners files for automatic mixed securities shelf

These Energy stocks are trading higher:-Aemetis Inc (AMTX) stock is trading at $3.43, an increase of $0.36, or 11.83%, on average volume.  Aemetis Inc gets a Sentiment Score of Bearish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $10.30.  -Calumet Specialty Prod

Energy Stocks Moving Wednesday: AMTX, CLMT, GLP, AMPY, ALVOF, CRT, EURN, HNRG

GLP.PR.B: Buy The Only Remaining Preferred Shares From Global Partners

Global Partners LP: 9 Straight Dividend Hikes, 6%-Plus Yield

Global Partners' proposed revision to Gulf terminal purchase approved by FTC

Global Partners Lp (GLP) has provided an update. Global Partners LP has announced the redemption of all its Series A Preferred Units for $25.00 eac...

Global Partners Announces Series A Redemption and Series B Distribution

Global Partners 9 50 Fixed Rate Cumulative Perpetual Pref Shs Series B declares $0.5938 dividend

ALVOF

AMTX

HNRG

Press Releases

Global Partners Announces Cash Distributions on Series A and B Preferred Units

Global Partners Declares Fourth-Quarter 2023 Cash Distribution of $0.7000 on Common Units

Global Partners LP to Host Fourth-Quarter and Full-Year 2023 Financial Results Conference Call on February 28, 2024

Global Partners LP Reports Fourth-Quarter and Full-Year 2023 Financial Results

Global Partners LP Files 2023 Annual Report on Form 10-K

Global Partners LP Provides Update on Expected Availability of 2023 Tax Packages

Global Partners Unveils New Brand Identity with Focus on Commitment to Innovation and the Energy Transition

Global Partners LP Announces Full Redemption of Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

Global Partners LP Completes Acquisition of Four Liquid Energy Terminals from Gulf Oil

Global Partners Announces Cash Distribution on Series B Preferred Units

Ardmore Shipping Corporation Common Stock

Ardmore Shipping

CrossAmerica Partners LP Common Units representing limited partner interests

CrossAmerica Partners

Cool Co

DHT Holdings

Delek Logistics Partners, L.P. Common Units representing Limited Partner Interests