Global Partners (GLP) Tax Rate (2010 - 2026)
Global Partners (GLP) posted quarterly Tax Rate of 1.18% for Q1 2026, down 499.0% year-over-year from 0.3% in Q1 2025, and down 98.51% quarter-over-quarter from 79.09% in Q4 2025.
Global Partners (GLP) Tax Rate (2010 - 2026) Analysis & Trends
Global Partners (GLP) has reported Tax Rate for 16 consecutive years, with 1.18% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate fell 499.0% year-over-year to 1.18%; the TTM figure through Mar 2026 stood at 13.6% (up 167.0% YoY), while the FY2025 annual figure was 21.0%, down 494877.0% from the prior year.
- Tax Rate declined to 1.18% in Q1 2026 per GLP's latest filing, from 79.09% in the prior quarter.
- Across five years, Tax Rate topped out at 79.09% in Q4 2025 and bottomed at 6.93% in Q1 2024.
- Historically, Tax Rate has averaged 7.24% across 5 years, with a median of 3.17% in 2022.
- Annual changes were most pronounced in 2024 — Tax Rate tumbled 829 bps — and 2025, when it soared 7653 bps.
- Global Partners' Tax Rate stood at 3.17% in 2022, then jumped by 198 bps to 9.47% in 2023, then plunged by 73 bps to 2.56% in 2024, then jumped by 2993 bps to 79.09% in 2025, then tumbled by 99 bps to 1.18% in 2026.
- Business Quant data shows GLP's Tax Rate at 1.18% in Q1 2026, 79.09% in Q4 2025, and 1.56% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 23.33% |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 21.97% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 0.64% |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 7.12% |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 5.85% |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 0.18% |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 23.62% |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 22.61% |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 9.13% |
| 10 | Global Partners | 1.75 Bn | 1.70 Bn | 328.94 Mn | 6.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.92% |
| Jun 30, 2026 | 6.92% |
| Jun 30, 2026 | 6.92% |
| Mar 31, 2026 | 1.18% |
| Mar 31, 2026 | 1.18% |
| Mar 31, 2026 | 1.18% |
| Dec 31, 2025 | 79.09% |
| Dec 31, 2025 | 79.09% |
| Dec 31, 2025 | 79.09% |
| Sep 30, 2025 | -1.56% |
| Sep 30, 2025 | -1.56% |
| Sep 30, 2025 | -1.56% |
| Jun 30, 2025 | -0.45% |
| Jun 30, 2025 | -0.45% |
| Jun 30, 2025 | -0.45% |
| Mar 31, 2025 | 6.18% |
| Mar 31, 2025 | 6.18% |
| Mar 31, 2025 | 6.18% |
| Dec 31, 2024 | 2.56% |
| Dec 31, 2024 | 2.56% |