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Global Partners LPGLP -0.14%89 Debt-to-Equity is 2.68 as of Jun. 2026, which is 9% below its 10-year median of 2.94. GuruFocus rates GLP with a GF Score™ of 89/100 and a GF Value™ of $61.25 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 809 Oil & Gas companies, Global Partners LP ranks worse than 92.46% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Global Partners LP's Debt-to-Equity or its related term are showing as below:
GLP'
s Debt-to-Equity Range Over the Past 10 Years
Min: -1271.35 Med: 2.94 Max: 3.7
Current: 2.68
During the past 13 years, the highest Debt-to-Equity Ratio of Global Partners LP was 3.70. The lowest was -1271.35. And the median was 2.94.
GLP's Debt-to-Equity is ranked worse than 92.46% of 809
companies
in the Oil & Gas industry
Industry Median: 0.45
vs GLP: 2.68
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Global Partners LP Debt-to-Equity Related Terms
Global Partners LP Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Global Partners LP's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Midstream subindustry, Global Partners LP's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Global Partners LP Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Global Partners LP's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Global Partners LP's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Global Partners LP (GLP) has a Debt-to-Equity of 2.68 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Global Partners LP and its competitors. This is near median its historical median of 2.94. According to the industry distribution chart, Global Partners LP ranks #748 out of 809 companies in the Oil & Gas industry, placing it in the top 92.5%.
Is Global Partners LP's Debt-to-Equity too high?
Global Partners LP's current Debt-to-Equity of 2.68 is near median its 10-year median of 2.94. The Oil & Gas industry median Debt-to-Equity is 0.45. Global Partners LP's value of 2.68 is 495.6% above this industry median. Based on the distribution chart, Global Partners LP ranks #748 out of 809 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Global Partners LP has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Global Partners LP's Debt-to-Equity compare to FLNG and GEL?
According to the Oil & Gas industry distribution chart, Global Partners LP ranks #748 out of 809 companies for Debt-to-Equity. This places Global Partners LP in the lower half of its industry. The industry median Debt-to-Equity is 0.45. Global Partners LP's value of 2.68 is 495.6% above this benchmark. While the company's 10-year median is 2.94 vs. the industry median of 0.45, Global Partners LP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.45, based on 809 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Global Partners LP's current Debt-to-Equity of 2.68 is 495.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Global Partners LP and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Partners LP's current Debt-to-Equity is 2.68, which is near median its own 10-year median of 2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Global Partners LP (GLP) is currently considered Modestly Undervalued. The stock's GF Value™ is $61.25, compared to a current price of $50.57 — trading 17.4% below its estimated fair value. The current Debt-to-Equity is 2.68, which is near median its 10-year median of 2.94 and 495.6% above the Oil & Gas industry median of 0.45. Global Partners LP's overall GF Score™ is 89/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Global Partners LP (GLP), the current Debt-to-Equity is 2.68 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Global Partners LP (GLP) Overvalued in 2026?
Based on GuruFocus' analysis, Global Partners LP stock appears to be undervalued.
The current stock price of $50.57 is trading 17.4% below its estimated GF Value™ of $61.25.
GuruFocus considers Global Partners LP to be Modestly Undervalued.
Key valuation signals for GLP:
Debt-to-Equity: 2.68 (near median its 10-year median of 2.94)
GF Value™: $61.25 vs. price of $50.57 (17.4% below fair value)
Industry Position: 495.6% above the Oil & Gas median (#748 of 809)
No single metric tells the full story. See the GLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Partners LP is a limited partnership that acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the GDSO segment.
89GF Score
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