Global Partners LP (GLP) Files 10-K for the Fiscal Year Ended on December 31, 2018

GuruFocus.com

Fri, Mar 8, 2019, 7:48 PM

Global Partners LP (GLP) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Global Partners LP is a midstream logistics and marketing company. It is engaged in the purchasing, selling and logistics of transporting petroleum and related products, including domestic and Canadian crude oil, gasoline and gasoline blendstocks. Global Partners LP has a market cap of $650.680 million; its shares were traded at around $19.14 with a P/E ratio of 9.46 and P/S ratio of 0.05. The dividend yield of Global Partners LP stocks is 10.00%.

Warning! GuruFocus has detected 3 Warning Signs with GLP. Click here to check it out.
GLP 15-Year Financial Data
The intrinsic value of GLP
Peter Lynch Chart of GLP

For the last quarter Global Partners LP reported a revenue of $3.5 billion, compared with the revenue of $2.2 billion during the same period a year ago. For the latest fiscal year the company reported a revenue of $12.7 billion, an increase of 42.1% from last year. For the last five years Global Partners LP had an average revenue decline of 11.8% a year.

The reported diluted earnings per share was $2.95 for the year. The Global Partners LP had an operating margin of 1.61%, compared with the operating margin of 1.33% a year before. The 10-year historical median operating margin of Global Partners LP is 0.75%. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, Global Partners LP has the cash and cash equivalents of $8.12 million, compared with $14.9 million in the previous year. The long term debt was $1.2 billion, compared with $1.1 billion in the previous year. The interest coverage to the debt is 2.3, which is not a favorable level. Global Partners LP has a financial strength rank of 5 (out of 10).

At the current stock price of $19.14, Global Partners LP is traded at close to its historical median P/S valuation band of $17.41. The P/S ratio of the stock is 0.05, while the historical median P/S ratio is 0.05. The stock gained 29.31% during the past 12 months.

For the complete 20-year historical financial data of GLP, click here.

This article first appeared on GuruFocus.