Stock Track | Global Partners LP Plummets 5.85% in Pre-Market on Q4 Earnings Disappointment

Stock Track

Feb 28, 2025

Shares of Global Partners LP (NYSE: GLP), a Fortune 500 integrated energy company, plummeted 5.85% in pre-market trading on Friday, February 28, 2025, following the release of the company's fourth-quarter and full-year 2024 financial results.

Global Partners reported a significant decline in its profitability metrics for the fourth quarter of 2024 compared to the same period in 2023. Net income fell to $23.9 million, or $0.52 per diluted common limited partner unit, from $55.3 million, or $1.41 per unit, in the prior-year quarter. The company's adjusted EBITDA also decreased to $97.8 million from $112.1 million in Q4 2023.

While Global Partners' revenue for the quarter was $4.2 billion, down slightly from $4.4 billion a year earlier, the company's gross profit and combined product margin both declined year-over-year. Gross profit was $268.8 million, compared to $280.4 million in Q4 2023, and combined product margin fell to $302.0 million from $305.7 million in the prior-year period.

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Net income fell to $23.9 million, or $0.52 per diluted common limited partner unit, from $55.3 million, or $1.41 per unit, in the prior-year quarter. The company's adjusted EBITDA also decreased to $97.8 million from $112.1 million in Q4 2023.</p>\n\n<p>While Global Partners' revenue for the quarter was $4.2 billion, down slightly from $4.4 billion a year earlier, the company's gross profit and combined product margin both declined year-over-year. Gross profit was $268.8 million, compared to $280.4 million in Q4 2023, and combined product margin fell to $302.0 million from $305.7 million in the prior-year period.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GLP","symbol_name":"Global Partners Lp","start_time":0,"source_url":"","article_id":"1188992975","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1188992975","pubTimestamp":1740754237,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Global Partners LP , a Fortune 500 integrated energy company, plummeted 5.85% in pre-market trading on Friday, February 28, 2025, following the release of the company's fourth-quarter and full-year 2024 financial results.Global Partners reported a significant decline in its profitability metrics for the fourth quarter of 2024 compared to the same period in 2023. Net income fell to $23.9 million, or $0.52 per diluted common limited partner unit, from $55.3 million, or $1.41 per unit, in","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GLP":"Global Partners Lp"},"translate_title":"股票追踪Global Partners LP因第四季度盈利令人失望而盘前暴跌5.85%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GLP":1},"content_text":"Shares of Global Partners LP (NYSE: GLP), a Fortune 500 integrated energy company, plummeted 5.85% in pre-market trading on Friday, February 28, 2025, following the release of the company's fourth-quarter and full-year 2024 financial results.\nGlobal Partners reported a significant decline in its profitability metrics for the fourth quarter of 2024 compared to the same period in 2023. Net income fell to $23.9 million, or $0.52 per diluted common limited partner unit, from $55.3 million, or $1.41 per unit, in the prior-year quarter. 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