Global Partners LP
Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. The … Read more
Global Partners LP (GLP) - Net Assets
Latest net assets as of September 2025: $682.48 Million USD
Based on the latest financial reports, Global Partners LP (GLP) has net assets worth $682.48 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.70 Billion) and total liabilities ($3.02 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $682.48 Million |
| % of Total Assets | 18.44% |
| Annual Growth Rate | 5.68% |
| 5-Year Change | 44.62% |
| 10-Year Change | 3.26% |
| Growth Volatility | 58.78 |
Global Partners LP - Net Assets Trend (2001–2024)
This chart illustrates how Global Partners LP's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Global Partners LP (2001–2024)
The table below shows the annual net assets of Global Partners LP from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $716.61 Million | -10.50% |
| 2023-12-31 | $800.66 Million | +1.55% |
| 2022-12-31 | $788.44 Million | +49.39% |
| 2021-12-31 | $527.77 Million | +6.51% |
| 2020-12-31 | $495.50 Million | +7.90% |
| 2019-12-31 | $459.24 Million | -8.00% |
| 2018-12-31 | $499.19 Million | +26.60% |
| 2017-12-31 | $394.32 Million | -0.89% |
| 2016-12-31 | $397.84 Million | -42.67% |
| 2015-12-31 | $693.98 Million | +9.09% |
| 2014-12-31 | $636.16 Million | +37.35% |
| 2013-12-31 | $463.18 Million | +6.12% |
| 2012-12-31 | $436.46 Million | +38.43% |
| 2011-12-31 | $315.29 Million | +13.90% |
| 2010-12-31 | $276.82 Million | +75.85% |
| 2009-12-31 | $157.42 Million | +9.72% |
| 2008-12-31 | $143.47 Million | -10.53% |
| 2007-12-31 | $160.35 Million | +55.32% |
| 2006-12-31 | $103.24 Million | +35.29% |
| 2005-12-31 | $76.31 Million | +229.45% |
| 2004-12-31 | $23.16 Million | -- |
| 2003-12-31 | $0.00 | -- |
| 2002-12-31 | $0.00 | -- |
| 2001-12-31 | $200.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Global Partners LP's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $641.22 Million | 89.87% |
| Other Components | $72.31 Million | 10.13% |
| Total Equity | $713.52 Million | 100.00% |
Global Partners LP Competitors by Market Cap
The table below lists competitors of Global Partners LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Renaissance Oil Corp
F:2R7
|
$1.31 Billion |
|
Dalian Zeus Entertainment
SHE:002354
|
$1.31 Billion |
|
Embracer Group AB
PINK:THQQF
|
$1.31 Billion |
|
Aperam SA
OTCGREY:APMSF
|
$1.31 Billion |
|
Coca-Cola Bottlers Japan Holdings Inc
OTCGREY:CCOJF
|
$1.30 Billion |
|
Nationwide Building Society
LSE:NBS
|
$1.30 Billion |
|
The Gunma Bank Ltd
OTCGREY:GMBKF
|
$1.30 Billion |
|
Corporativo GBM S.A.B. de C.V
MX:GBMO
|
$1.30 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Global Partners LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 798,832,000 to 713,523,000, a change of -85,309,000 (-10.7%).
- Net income of 107,693,000 contributed positively to equity growth.
- Dividend payments of 121,607,000 reduced retained earnings.
- Share repurchases of 84,991,000 reduced equity.
- Other comprehensive income decreased equity by 381,000.
- Other factors increased equity by 13,977,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $107.69 Million | +15.09% |
| Dividends Paid | $121.61 Million | -17.04% |
| Share Repurchases | $84.99 Million | -11.91% |
| Other Comprehensive Income | $-381.00K | -0.05% |
| Other Changes | $13.98 Million | +1.96% |
| Total Change | $- | -10.68% |
Book Value vs Market Value Analysis
This analysis compares Global Partners LP's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.33x to 2.28x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $35.61 | $47.47 | x |
| 2003-12-31 | $7.54 | $47.47 | x |
| 2004-12-31 | $4.11 | $47.47 | x |
| 2005-12-31 | $13.52 | $47.47 | x |
| 2006-12-31 | $9.15 | $47.47 | x |
| 2007-12-31 | $12.89 | $47.47 | x |
| 2008-12-31 | $10.98 | $47.47 | x |
| 2009-12-31 | $11.85 | $47.47 | x |
| 2010-12-31 | $-0.83 | $47.47 | x |
| 2011-12-31 | $14.68 | $47.47 | x |
| 2012-12-31 | $16.43 | $47.47 | x |
| 2013-12-31 | $15.07 | $47.47 | x |
| 2014-12-31 | $21.34 | $47.47 | x |
| 2015-12-31 | $20.04 | $47.47 | x |
| 2016-12-31 | $11.71 | $47.47 | x |
| 2017-12-31 | $11.62 | $47.47 | x |
| 2018-12-31 | $-0.15 | $47.47 | x |
| 2019-12-31 | $13.42 | $47.47 | x |
| 2020-12-31 | $14.51 | $47.47 | x |
| 2021-12-31 | $-0.06 | $47.47 | x |
| 2022-12-31 | $23.16 | $47.47 | x |
| 2023-12-31 | $23.47 | $47.47 | x |
| 2024-12-31 | $20.78 | $47.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Global Partners LP utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.63%
- • Asset Turnover: 4.53x
- • Equity Multiplier: 5.31x
- Recent ROE (15.09%) is below the historical average (15.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 10.25% | 1.17% | 8.72x | 1.00x | $508.60K |
| 2003 | 37.59% | 0.65% | 9.47x | 6.15x | $11.74 Million |
| 2004 | 74.73% | 0.54% | 8.11x | 16.97x | $14.99 Million |
| 2005 | 12.33% | 0.75% | 2.25x | 7.27x | $1.78 Million |
| 2006 | 32.41% | 0.75% | 7.00x | 6.19x | $23.14 Million |
| 2007 | 29.32% | 0.70% | 5.83x | 7.23x | $30.98 Million |
| 2008 | 14.68% | 0.23% | 10.14x | 6.20x | $6.71 Million |
| 2009 | 21.18% | 0.57% | 5.53x | 6.69x | $17.60 Million |
| 2010 | 0.00% | 0.35% | 4.67x | 0.00x | $28.41 Million |
| 2011 | 6.14% | 0.13% | 7.94x | 5.93x | $-12.18 Million |
| 2012 | 10.71% | 0.27% | 7.57x | 5.34x | $3.10 Million |
| 2013 | 10.26% | 0.22% | 8.07x | 5.85x | $1.09 Million |
| 2014 | 19.54% | 0.66% | 8.47x | 3.48x | $56.01 Million |
| 2015 | 6.72% | 0.42% | 3.87x | 4.11x | $-21.22 Million |
| 2016 | -50.79% | -2.42% | 3.21x | 6.53x | $-238.68 Million |
| 2017 | 15.03% | 0.66% | 3.84x | 5.93x | $19.66 Million |
| 2018 | 0.00% | 0.82% | 5.23x | 0.00x | $104.43 Million |
| 2019 | 7.79% | 0.27% | 4.52x | 6.28x | $-10.20 Million |
| 2020 | 20.54% | 1.23% | 3.18x | 5.25x | $52.44 Million |
| 2021 | 0.00% | 0.46% | 4.68x | 0.00x | $60.99 Million |
| 2022 | 45.94% | 1.92% | 5.97x | 4.01x | $283.36 Million |
| 2023 | 19.09% | 0.92% | 4.67x | 4.42x | $72.62 Million |
| 2024 | 15.09% | 0.63% | 4.53x | 5.31x | $36.34 Million |
Industry Comparison
This section compares Global Partners LP's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,230,397,219
- Average return on equity (ROE) among peers: 2202.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Global Partners LP (GLP) | $682.48 Million | 10.25% | 4.42x | $1.31 Billion |
| Antero Midstream Partners LP (AM) | $142.86 Million | 0.00% | 0.21x | $7.58 Billion |
| AltaGas Ltd (ATGFF) | $2.83 Billion | 7.11% | 1.57x | $8.06 Billion |
| ATGPF (ATGPF) | $7.86 Billion | 8.56% | 1.98x | $4.11 Billion |
| Avance Gas Holding Ltd (AVACF) | $603.79 Million | 27.09% | 0.91x | $7.70K |
| CBL International Limited Ordinary Shares (BANL) | $12.11 Million | 30.42% | 1.11x | $3.17 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $863.00K | 22418.66% | 0.16x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $1.10 Million | -405.25% | 0.17x | $2.85 Million |
| Cool Company Ltd (CLCO) | $715.51 Million | 11.75% | 1.88x | $145.96 Million |