Global Partners (GLP) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS
Global Partners (NYSE:GLP) posted its earnings results on Thursday. The energy company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07, MarketWatch Earnings reports. Global Partners had a net margin of 1.00% and a return on equity of 8.03%. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $2.66 billion.
Global Partners opened at $19.90 on Friday, according to Marketbeat.com. The stock has a market cap of $662.91 million, a P/E ratio of 14.32 and a beta of 1.11. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.41 and a quick ratio of 0.82. Global Partners has a fifty-two week low of $15.16 and a fifty-two week high of $20.45.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 8th. Investors of record on Wednesday, August 8th were given a dividend of $0.475 per share. The ex-dividend date was Wednesday, August 8th. This represents a $1.90 annualized dividend and a yield of 9.55%. This is a positive change from Global Partners’s previous quarterly dividend of $0.46. Global Partners’s dividend payout ratio is presently 136.69%.
About Global Partners
Global Partners LP, a midstream logistics and marketing company, distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial customers in the New England states and New York. It operates in three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial.
Recommended Story: What kind of dividend yield to CEF’s pay?
Receive News & Ratings for Global Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Partners and related companies with MarketBeat.com's FREE daily email newsletter.