Global Partners

Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. The GDSO segment includes the sale of branded and unbranded gasoline to gasoline station operators and sub jobbers. The Commercial segment refers to the sales and deliveries to end user customers in the public sector and to large commercial and industrial end users of unbranded gasoline, home heating oil, diesel, kerosene, residual oil, bunker fuel, and natural gas. The company was founded in March 2005 and is headquartered in Waltham, MA.

Earnings data Q3 2023

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Global Partners LP (GLP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

All You Need to Know About Global Partners LP (GLP) Rating Upgrade to Strong Buy

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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that its 2022 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedule K-3 at www.taxpackagesupport.com/globalpartners. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need.

Global Partners LP Announces Availability of 2022 Schedule K-3

Global Partners is a U.S. independent owner, supplier, and operator of gasoline stations and convenience stores. The company is focused on the Northeast and is incorporated as a master limited partnership (MLP). The Series A preferred shares have just passed their call date on August 15, and have now re-set to SOFR+6.77% .

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The last five years have shown significant stock growth and increasing distributions. The company's recent focus on expansion and its cyclical nature presents an opportunity to benefit from increases in energy costs. With expected revenue growth and strong financial performance, GLP has the potential for further distribution growth and share price appreciation.

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Global Partners LP (NYSE:GLP ) Q2 2023 Earnings Conference Call August 4, 2023 10:00 AM ET Company Participants Sean Geary - Chief Legal Officer & Secretary Eric Slifka - President, CEO & Vice Chairman Gregory Hanson - CFO Mark Romaine - COO Conference Call Participants Gregg Brody - Bank of America Merrill Lynch Tyler Rakers - Stifel, Nicolaus & Company Operator Good day, everyone, and welcome to the Global Partners Second Quarter 2023 Financial Results Conference Call. Today's call is being recorded.

Global Partners LP (GLP) Q2 2023 Earnings Call Transcript

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today reported financial results for the second quarter ended June 30, 2023. “We delivered solid second-quarter results with Wholesale and GDSO performing above our expectations,” said Eric Slifka, the Partnership's President and Chief Executive Officer. “In June, we began operating the 64 Houston-area convenience and fueling facilities acquired in our previously disclosed joint venture with ExxonMob.

Global Partners Reports Second-Quarter 2023 Financial Results

Higher operating costs are likely to have hurt Global Partners' (GLP) Q2 bottom line. However, an impressive volume profile might have aided the results somewhat.

What Will Global Partners' (GLP) Q2 Earnings Unveil?

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Global Partners LP (GLP) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Fast-paced Momentum Stock Global Partners LP (GLP) Is Still Trading at a Bargain

After reaching an important support level, Global Partners LP (GLP) could be a good stock pick from a technical perspective. GLP surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.

Global Partners LP (GLP) Just Reclaimed the 200-Day Moving Average

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $0.6750 per unit ($2.70 per unit on an annualized basis) on all of its outstanding common units from April 1, 2023 through June 30, 2023. The distribution will be paid on August 14, 2023 to unitholders of record as of the close of business on August 8, 2023. Non-U.S. Withholding Information This press release is in.

Global Partners Declares Second-Quarter 2023 Cash Distribution of $0.6750 on Common Units

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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that it will release its second-quarter 2023 financial results before the market opens on Friday, August 4, 2023. At 10:00 a.m. ET, the Partnership will conduct a conference call for investors and analysts hosted by Eric Slifka, President and Chief Executive Officer, Gregory B. Hanson, Chief Financial Officer, and Mark Romaine, Chief Operating Officer. The call can be accessed by dialing (877) 70.

Global Partners LP to Host Second-Quarter 2023 Financial Results Conference Call on August 4, 2023

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) announced today that the Board of Directors (the “Board”) of its general partner, Global GP LLC, has declared a cash distribution of $0.609375 per unit ($2.4375 per unit on an annualized basis) on the Partnership's Series A preferred units for the period from May 15, 2023 through August 14, 2023. This distribution will be payable on August 15, 2023 to holders of record as of the opening of business on August 1,.

Global Partners Announces Cash Distributions on Series A and B Preferred Units

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Three energy stocks, Evolution Petroleum (EPM), Global Partners (GLP) and EOG Resources (EOG), are well-poised to gain, though the oil pricing scenario looks extremely volatile.

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Should Value Investors Buy Global Partners (GLP) Stock?

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