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GLP-PB

Global Partners LP
CIK 0001323468 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
78.4
composite ยท 4 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-05 ยท FY 2025-12-31 ยท TRIGGERED100.0

Tax arbitrage

ETR 1.1% vs 21% statutory โ€” gap persistent across 3 of 3 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-27) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.0107,
    "2024-12-31": 0.0401,
    "2023-12-31": 0.0506
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.1993,
    "2024-12-31": 0.1699,
    "2023-12-31": 0.1594
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1323468/000110465926021381/0001104659-26-021381-index.htm",
    "form": "10-K",
    "filed": "2026-02-27"
  }
}
P-01 ยท FY 2025-12-31 ยท CLEAN27.5

Earnings quality

Beneish M-Score -2.54 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-27) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.538,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.037,
    "GMI": 1.077,
    "AQI": 1.087,
    "SGI": 1.081,
    "DEPI": 1,
    "SGAI": 0.968,
    "LVGI": 1.059,
    "TATA": -0.049
  },
  "defaulted_to_neutral": [
    "DEPI"
  ],
  "sloan_accruals": -0.0489,
  "inputs": {
    "revenue_t": 18561421000,
    "revenue_t1": 17163566000,
    "total_assets_t": 3850717000,
    "net_income_t": 97977000,
    "cfo_t": 284804000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1323468/000110465926021381/0001104659-26-021381-index.htm",
    "form": "10-K",
    "filed": "2026-02-27"
  }
}
P-07 ยท FY 2023-12-31 ยท CLEAN0.0

Pension underfunding

[FY2023 data, stale โ€” no more recent pension disclosure in XBRL] DB plan 130% funded
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-27) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 14647000,
  "plan_assets": 19113000,
  "funded_ratio": 1.3049,
  "deficit": 4466000,
  "deficit_vs_equity": null,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1323468/000110465926021381/0001104659-26-021381-index.htm",
    "form": "10-K",
    "filed": "2026-02-27"
  }
}
P-12 ยท FY 2025-12-31 ยท CLEAN10.4

Restatement predictor

F-Score 0.31 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-27) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.312,
  "probability": 0.00115,
  "components": {
    "rsst": -0.0489,
    "drec": 0.0151,
    "dinv": -0.0118,
    "soft": 0.5696,
    "dcs": 0.0781,
    "droa": -0.0037,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1323468/000110465926021381/0001104659-26-021381-index.htm",
    "form": "10-K",
    "filed": "2026-02-27"
  }
}