Global Partners LP (NYSE: GLP) saw its stock soar 5.62% in pre-market trading on Thursday following the release of its first-quarter 2025 financial results. The company's earnings per share (EPS) significantly outperformed analysts' expectations, driving investor enthusiasm despite a revenue miss.
The master limited partnership reported a quarterly EPS of $0.36, dramatically beating the FactSet consensus estimate of a $0.03 loss. This represents a remarkable 1300% surprise to the upside and a 197.3% improvement from the $0.37 loss per share reported in the same quarter last year. The strong bottom-line performance appears to be the primary catalyst for the stock's pre-market rally.
While Global Partners' top-line results fell short of expectations, the company still demonstrated year-over-year growth. Q1 sales came in at $4.59 billion, missing the analyst consensus estimate of $5.64 billion by 18.58%, but still showing a 10.79% increase from the $4.14 billion reported in the same period last year. Additional financial highlights from the quarter include a net income of $18.684 million, pretax profit of $19.914 million, operating income of $55.887 million, and gross profit of $255.241 million. These figures underscore the company's ability to improve profitability despite challenging market conditions, which likely contributed to the positive investor reaction.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.