NAS10029,447+1.73%S&P7,638+1.14%GOLD$4,412+0.27%BTC$77,965+2.04%VIX15.48+0.26%live tape · as of 19:00 UTC
The Screen · Energy · Oil & Gas Midstream
Global Partners LP
GLP · the NYSE · USD · Market cap $1.7B · 3,265 employees
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…
FAIL · Does not pass the screen
50.76 USD
At the last full screen 2026-09-16
Screened 2026-09-16 · the tape above runs as of 19:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its accumulation label.
Global Partners LP holds its Accumulation at $50.76. Consolidating, no directional conviction, held for 264 days.
As held on the ledger · 2026-09-16
Phase
Accumulation
Quantitative state
Consolidating, no directional conviction, held for 264 days
Price at the screen
$50.76
Valuation
10.38 trailing · 20.22 forward price to earnings
Values screen
FAIL· score 70.0
Beta
1.05
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
53.91%
Below 33%
Interest-bearing debt is 53.9% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
14.09%
Below 49%
Money owed to the company is 14.1% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-16 screen. The gold marker is the market price at the same screen. The price runs 50.0% above the base estimate.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-16 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Fuel Wholesaler Priced Far Above Its Fair Value
Every time a trucker tops up in New England or a heating oil tanker heads to a rural depot, Global Partners handles the blending and delivery. The business moves real volumes and shows 16% revenue growth, yet it trades at $47.80 against a fair value of $33.10. That gap leaves no margin of safety and explains the none rating.
The 19 times forward earnings multiple sits high for a midstream operator whose profit margin is just 1%. Revenue growth and 21% return on equity look solid on paper, yet they come from a sector where earnings swing hard with crude prices and demand. A single analyst hold rating near the current price adds little comfort.
Cyclical businesses often post peak earnings that compress multiples and lure buyers into value traps. Currency and commodity swings remain real risks here even though the ethical screen is passed. The combination of stretched valuation and sector volatility leaves nothing compelling on offer. Analysis, not advice.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
GLP trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 5.4% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading neutral. Over the past year the shares are up 0%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (2 analysts) rates it none, with a mean price target of $46.
2026-07-31Markdown · changed$47.80+1.4%Entry 4
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 1.4% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading neutral. Over the past year the shares are up 0%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (2 analysts) rates it none, with a mean price target of $46.
2026-07-18Accumulation$47.13+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading neutral. Over the past year the shares are up 0%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (2 analysts) rates it none, with a mean price target of $46.
2026-07-03Accumulation$47.13+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Accumulation$47.13Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
