We recently published a list of 11 Best Performing Energy Stocks So Far In 2025. In this article, we are going to take a look at where Global Partners LP (NYSE:GLP) stands against other best performing energy stocks so far in 2025.
The United States of America is currently producing more oil and gas than any other country ever. The country’s oil production has surged by almost 50% in the last ten years, reaching just over 13.45 million barrels per day in October 2024.
READ ALSO: 10 Best Liquefied Natural Gas (LNG) Stocks to Buy in 2025
That said, President Donald Trump’s tariffs on Canada and Mexico, due to take effect on Tuesday, will have serious consequences on the American economy which is highly dependent on imports of crude oil. Canada is the source of about 20% of oil used by Americans, while Canada and Mexico together account for 70% of US crude imports, so the upcoming tariffs could significantly raise gas prices for American consumers. Moreover, oil refiners in the Midwest depend heavily on Canadian crude and the said tariffs will force them to pay either more for their feedstock, or slash production, further squeezing an industry that already had a tough time last year.
President Trump wants to make America self-sufficient and independent when it comes to energy, but no matter how much oil the United States pumps, its refineries are configured to run heavier grades, such as those coming in from Mexico and Canada. Converting those refineries to process American light oil will require significant time and investments, making it an unlikely scenario.
The President has made repeated calls to American oil producers to ramp up their production, but it doesn’t seem to be going as planned, as companies appear reluctant to shell out the big bucks at a time when the global crude prices are in decline. The US Energy Information Administration stated in January that it expects Brent crude oil prices to fall 8% to average $74 a barrel in 2025, then fall further to $66 a barrel in 2026.
Things are looking much better for the country’s natural gas industry though, which has witnessed a surge in demand due to a sharp uptick in LNG exports, coupled with the ongoing AI data center boom. According to energy data provider Enverus, a total of 80 new gas power plants could be constructed in America by 2030, adding about 46 GW of new capacity – 20% higher than the gas capacity additions in the last five years. Moreover, growth is also expected to come from new LNG export facilities coming online soon, like Plaquemines LNG and Corpus Christi Stage 3, while the Golden Pass LNG project is also anticipated to begin operations by mid-2026. Having said that, Donald Trump has recently vowed to slap the EU with tariffs of 25%, and since the bloc remains the top destination for American LNG, the future of this industry isn’t clear either anymore.
The energy sector has outperformed the broader market so far this year, with gains of 1.31% against the general market’s surge of 0.41%. This comes after a disappointing 2024 when the energy sector lagged significantly behind gains of 25% by the wider market.
Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most YTD as of the close of February 28, 2025. The stocks are ranked according to their YTD gains.
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Aerial view of an oil & gas refinery, showcasing the scale of operations.
Global Partners LP (NYSE:GLP)
YTD Share Price Gains as of Feb. 28: 22.43%
With operations throughout the United States, Global Partners LP (NYSE:GLP) is a vertically integrated energy distribution company that focuses on gas stations, convenience stores, and LNG terminals.
Global Partners LP (NYSE:GLP) reported a revenue of $4.19 billion in Q4 2024, down 5% YoY and below market estimates by a significant $1.62 billion, primarily due to a decrease in prices. However, the company’s total volume increased to 1.8 billion gallons during the quarter, up 12.5% YoY. GLP’s EPS during Q4 came in at $0.52, beating analysts’ expectations by $0.28. The company generated a distributable cash flow of $45.7 million during the quarter and raised its quarterly dividend by 1.4% to $0.74 in January, marking the thirteenth consecutive quarterly increase in dividends.
Global Partners LP (NYSE:GLP) is following a rapid expansion strategy and since late 2023, the company has more than doubled its terminal count and capacity, integrating 30 additional terminals and more than doubling its total storage capacity to 22 million barrels. These strategic investments of over $528 million have solidified its role as an essential part of the US energy supply base. Shares of GLP surged to an all-time high of $59.88 last month, underscoring a period of significant growth for the company.
Overall, GLP ranks 6th on our list of best performing energy stocks so far in 2025. While we acknowledge the potential for GLP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GLP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
