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.