Global Partners (GLP) Operating Expenses (2010 - 2026)
Global Partners (GLP) posted quarterly Operating Expenses of $129.2 million for Q1 2026, down 35.17% year-over-year from $199.4 million in Q1 2025, and down 37.2% quarter-over-quarter from $205.8 million in Q4 2025.
Global Partners (GLP) Operating Expenses (2010 - 2026) Analysis & Trends
Global Partners (GLP) has reported Operating Expenses for 17 consecutive years, with $129.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 35.17% year-over-year to $129.2 million; the TTM figure through Mar 2026 stood at $679.8 million (up 964.7% YoY), while the FY2025 annual figure was $827.4 million, up 2083.14% from the prior year.
- Operating Expenses retreated to $129.2 million in Q1 2026 per GLP's latest filing, from $205.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $310.1 million in Q4 2022 and bottomed at -$499.9 million in Q4 2023.
- Historically, Operating Expenses has averaged $86.6 million across 5 years, with a median of $129.2 million in 2026.
- Annual changes were most pronounced in 2023 — Operating Expenses sank 261.24% — and 2025, when it jumped 1249.61%.
- Global Partners' Operating Expenses stood at $310.1 million in 2022, then tumbled by 261.24% to -$499.9 million in 2023, then jumped by 30.12% to -$349.3 million in 2024, then soared by 158.91% to $205.8 million in 2025, then slumped by 37.2% to $129.2 million in 2026.
- Business Quant data shows GLP's Operating Expenses at $129.2 million in Q1 2026, $205.8 million in Q4 2025, and $132.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Global Partners | 1.75 Bn | 1.70 Bn | 328.94 Mn | 221.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 221.58 Mn |
| Mar 31, 2026 | 129.23 Mn |
| Dec 31, 2025 | 205.79 Mn |
| Sep 30, 2025 | 132.51 Mn |
| Jun 30, 2025 | 212.30 Mn |
| Mar 31, 2025 | 199.35 Mn |
| Dec 31, 2024 | -349.34 Mn |
| Sep 30, 2024 | 9.82 Mn |
| Jun 30, 2024 | 204.02 Mn |
| Mar 31, 2024 | 189.30 Mn |
| Dec 31, 2023 | -499.93 Mn |
| Sep 30, 2023 | 115.94 Mn |
| Jun 30, 2023 | 110.38 Mn |
| Mar 31, 2023 | 108.35 Mn |
| Dec 31, 2022 | 310.05 Mn |
| Sep 30, 2022 | 187.08 Mn |
| Jun 30, 2022 | 108.53 Mn |
| Mar 31, 2022 | 99.23 Mn |
| Dec 31, 2021 | 316.20 Mn |
| Sep 30, 2021 | 92.15 Mn |