Global Partners LP (NYSE: GLP) saw its stock price plummet 5.08% in pre-market trading on Friday following the release of its third-quarter 2025 financial results. The company's earnings report fell short of analyst expectations, triggering a negative reaction from investors.

The energy supply company reported quarterly earnings of $0.66 per share, significantly missing the analyst consensus estimate of $1.09 by 39.45%. This represents a substantial decrease of 43.59% compared to earnings of $1.17 per share in the same period last year. Global Partners' Q3 sales came in at $4.694 billion, which also fell short of the analyst consensus estimate of $7.211 billion by 34.90%, despite showing a 6.16% increase from $4.422 billion in the same quarter of the previous year.

The disappointing results were primarily attributed to lower retail fuel volume and margin in the Gasoline Distribution and Station Operations (GDSO) segment. While the Wholesale segment showed some strength due to growth in the terminal network, it wasn't enough to offset the overall decline in performance. With net income falling to $29.0 million from $45.9 million in the previous year, investors appear to be reassessing their outlook on the company, leading to the significant pre-market drop in share price.