Global Partners LP Net Assets
Global Partners LP net assets. Based on the latest financial reports, Global Partners LP (GLP) has net assets worth $711.78 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.31 Billion) and total liabilities ($3.60 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. Also explore Global Partners LP annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $711.78 Million |
| % of Total Assets | 16.51% |
| Annual Growth Rate | 5.18% |
| 5-Year Change | 28.0% |
| 10-Year Change | 69.8% |
| Growth Volatility | 57.68 |
Net Assets of Global Partners LP (2001–2025)
Net assets of Global Partners LP from 2001 to 2025. This chart illustrates how Global Partners LP's net assets have evolved over time, based on quarterly financial data. See Global Partners LP net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Global Partners LP (2001–2025)
The table below shows the annual net assets of Global Partners LP from 2001 to 2025. For live market cap and overall valuation, see Global Partners LP (GLP) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $675.54 Million | -5.73% |
| 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.
Global Partners LP Net Assets Breakdown (December 2025)
Global Partners LP net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $599.66 Million | 88.77% |
| Other Components | $75.88 Million | 11.23% |
| Total Equity | $675.54 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 |
|---|---|
|
PSK Inc
KQ:319660
|
$1.53 Billion |
|
Transmissora Aliança de Energia Elétrica S.A
SA:TAEE3
|
$1.53 Billion |
|
Xinjiang Zhongtai Chemical Co Ltd
SHE:002092
|
$1.53 Billion |
|
Shenzhen SDG Information Co Ltd
SHE:000070
|
$1.53 Billion |
|
Essence Fastening Systems (Shanghai) Co. Ltd.
SHE:301005
|
$1.53 Billion |
|
Jiangsu HHCK Advanced Materials Co. Ltd. A
SHG:688535
|
$1.53 Billion |
|
NP3 Fastigheter AB
ST:NP3
|
$1.53 Billion |
|
IGNITIS GRUPE AB EO 2233
F:IGV0
|
$1.53 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 2024 to 2025, total equity changed from 713,523,000 to 675,543,000, a change of -37,980,000 (-5.3%).
- Net income of 79,218,000 contributed positively to equity growth.
- Dividend payments of 126,640,000 reduced retained earnings.
- Share repurchases of 9,996,000 reduced equity.
- Other factors increased equity by 19,438,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $79.22 Million | +11.73% |
| Dividends Paid | $126.64 Million | -18.75% |
| Share Repurchases | $10.00 Million | -1.48% |
| Other Changes | $19.44 Million | +2.88% |
| Total Change | $- | -5.32% |
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 1.26x 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 | $45.01 | x |
| 2002-12-31 | $0.00 | $45.01 | x |
| 2003-12-31 | $0.00 | $45.01 | x |
| 2004-12-31 | $4.11 | $45.01 | x |
| 2005-12-31 | $13.52 | $45.01 | x |
| 2006-12-31 | $9.15 | $45.01 | x |
| 2007-12-31 | $12.89 | $45.01 | x |
| 2008-12-31 | $10.98 | $45.01 | x |
| 2009-12-31 | $11.85 | $45.01 | x |
| 2010-12-31 | $-0.83 | $45.01 | x |
| 2011-12-31 | $14.68 | $45.01 | x |
| 2012-12-31 | $16.43 | $45.01 | x |
| 2013-12-31 | $15.07 | $45.01 | x |
| 2014-12-31 | $21.34 | $45.01 | x |
| 2015-12-31 | $20.04 | $45.01 | x |
| 2016-12-31 | $11.71 | $45.01 | x |
| 2017-12-31 | $11.62 | $45.01 | x |
| 2018-12-31 | $-0.15 | $45.01 | x |
| 2019-12-31 | $13.42 | $45.01 | x |
| 2020-12-31 | $14.51 | $45.01 | x |
| 2021-12-31 | $-0.06 | $45.01 | x |
| 2022-12-31 | $23.16 | $45.01 | x |
| 2023-12-31 | $23.47 | $45.01 | x |
| 2024-12-31 | $20.78 | $45.01 | x |
| 2025-12-31 | $19.74 | $45.01 | 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): 11.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.43%
- • Asset Turnover: 4.82x
- • Equity Multiplier: 5.70x
- Recent ROE (11.73%) is below the historical average (13.31%), 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 |
| 2002 | 0.00% | 0.38% | 6.91x | 0.00x | $6.00 Million |
| 2003 | 0.00% | 0.65% | 9.47x | 0.00x | $16.00 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 |
| 2025 | 11.73% | 0.43% | 4.82x | 5.70x | $11.66 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: $1,020,303,650
- Average return on equity (ROE) among peers: 2408.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Global Partners LP (GLP) | $711.78 Million | 10.25% | 5.06x | $1.53 Billion |
| Antero Midstream Partners LP (AM) | $2.19 Billion | 14.88% | 1.64x | $9.01 Billion |
| CBL International Limited Ordinary Shares (BANL) | $25.29 Million | 4.50% | 1.11x | $12.00 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $826.00K | 24076.03% | 0.21x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $60.98 Million | 25.78% | 2.28x | $284.93 Million |
| BW LPG Limited (BWLP) | $1.60 Billion | 13.91% | 0.60x | $3.30 Billion |
| Cheniere Energy Partners LP (CQP) | $-351.69 Million | 0.00% | 0.00x | $27.77 Billion |
| Cheniere Energy Partners LP (CQP) | $1.64 Billion | -14.63% | 4.19x | $25.77 Billion |
| DHT Holdings Inc (DHT) | $8.39 Million | -56.75% | 43.42x | $2.56 Billion |
| Dynagas LNG Partners LP (DLNG) | $257.70 Million | 17.70% | 0.90x | $111.33 Million |
| DT Midstream Inc (DTM) | $4.77 Billion | 7.43% | 1.08x | $11.56 Billion |
About 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