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.

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Global Partners excels in Q4 2022, eyes sustainability and growth

Global Partners delivered robust financial results in Q4 2022, driven by improved margins and strategic acquisitions.
The company's focus on sustainability, operational efficiency, and responsible business practices underpins its long-term growth strategy.
While facing cost challenges and market uncertainties, Global Partners remains agile in capital allocation and risk management.
Strategic decisions around funding, market trends, and operational optimization will shape Global Partners' trajectory in 2023.

Global Partners (GLP) reports strong Q1 earnings and growth strategies

Global Partners (GLP) delivered a robust Q1 performance with increased product margins and solid financial metrics.
Strategic acquisitions and joint ventures have strengthened earnings power, while a focus on operational efficiency remains key.
Despite challenges like rising expenses, the company's stable financial position and growth strategies present promising opportunities.

Global Partners reports mixed Q2 results, eyes M&A opportunities

Global Partners' Q2 2023 earnings call highlighted successes in acquisitions and investments, alongside challenges in financial metrics and product margins.
The company's strong balance sheet and active pursuit of M&A opportunities position it well for future growth and value creation.
Addressing market conditions and operational expenses while exploring strategic partnerships present avenues for sustained performance and profitability.

Global Partners reports strong Q3 earnings and expands storage capacity

Global Partners demonstrated solid financial performance and strategic initiatives in Q3 2023, positioning them for growth.
While facing challenges in executing growth strategies, the company's strong balance sheet and acquisitions offer opportunities for expansion.
By focusing on alternative fuels and EV infrastructure, Global Partners is poised to navigate industry shifts and drive future profitability.

Global Partners (GLP) reports robust Q4 performance and eyes growth

Global Partners (GLP) delivered a strong performance in Q4 2023, driven by strategic acquisitions and financial discipline, positioning the company for future growth.
While facing challenges in certain segments, GLP's focus on cost management and operational efficiency underscores its commitment to sustainable profitability.
Looking ahead, GLP's emphasis on executing strategic priorities and exploring growth opportunities signals a positive outlook for continued success and value creation.

Global Partners doubles terminal network, faces financial metric challenges

Global Partners showcased strong growth through acquisitions and increased cash distribution, despite some financial metric declines.
Operational strengths in product margins and asset expansion demonstrate the company's competitive positioning in the market.
Challenges in financial metrics and rising expenses call for strategic adjustments to maintain profitability and shareholder value.
Opportunities lie in cost management, growth initiatives, and margin optimization to drive future performance and enhance resilience.

Global Partners (GLP) reports robust Q2 earnings amidst strategic investments

Global Partners (GLP) delivered strong financial results in Q2 2024, driven by growth in key segments and strategic investments.
While facing challenges in managing expenses and capital expenditures, the company remains focused on optimizing its capital structure and rewarding shareholders.
Opportunities for growth and market presence exist through upcoming conferences and favorable market conditions, positioning Global Partners (GLP) for continued success.

Global Partners excels in Q3 earnings, eyes growth amid challenges

Global Partners delivered a robust performance in Q3 2024, driven by strong financial numbers and improved product margins across key segments.
While facing challenges like increased operating expenses, the company's strategic strengths, including recent acquisitions and disciplined approach, position them well for future growth.
Opportunities lie in market expansion, acquisitions, and adapting to industry trends, signaling a promising outlook for Global Partners amidst evolving market dynamics.

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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) announced today the successful closing of its acquisition of four liquid energy terminals from Gulf Oil Limited Partnership (“Gulf Oil”). The terminals are strategically located in Chelsea, MA, New Haven, CT, Linden, NJ, and Woodbury, NJ, and will further enhance Global's position in the energy economy of the Northeast. With a combined shell capacity of approximately 3.0 million barrels, these termin.

Global Partners LP Completes Acquisition of Four Liquid Energy Terminals from Gulf Oil

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Global Partners (GLP) Stock?

In the closing of the recent trading day, Global Partners LP (GLP) stood at $45.23, denoting a +0.04% change from the preceding trading day.

Global Partners LP (GLP) Increases Despite Market Slip: Here's What You Need to Know

Global Partners LP offers high-yield investments, including preferred shares and senior notes, with attractive returns for investors. GLP is a major player in fuel distribution in the Northeastern US, with a strong presence in retail, wholesale, and transportation of petroleum products. Despite concerns about the future of fossil fuel distribution, GLP's long-term assets and earnings indicate stability and growth potential.

Global Partners LP: 9 Straight Dividend Hikes, 6%-Plus Yield

The latest trading day saw Global Partners LP (GLP) settling at $44.49, representing a -0.47% change from its previous close.

Global Partners LP (GLP) Stock Sinks As Market Gains: Here's Why

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Global Partners is a U.S. MLP that operates gasoline stations and convenience stores in the Northeast. GLP's common shares have seen a significant increase in value due to better profitability and expansion plans. The Series B preferred shares offer an attractive 9% current yield, and are cumulative and fixed rate.

GLP.PR.B: Buy The Only Remaining Preferred Shares From Global Partners

Global Partners LP (GLP) concluded the recent trading session at $49.07, signifying a -0.87% move from its prior day's close.

Global Partners LP (GLP) Stock Drops Despite Market Gains: Important Facts to Note

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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global”) today announced that it intends to redeem all $69,000,000 of its 2,760,000 issued and outstanding Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) (CUSIP: 37946R208). All of the Series A Preferred Units are maintained in book-entry form registered in the name of The Depository Trust Company or its nominee and will be redeemed in accordance with the applicabl.

Global Partners LP Announces Full Redemption of Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

WALTHAM, Mass.--(BUSINESS WIRE)--Building on the legacy of its predecessors founded more than 90 years ago, Global Partners LP (NYSE: GLP) (“Global”) continues its evolution as an industry-leading energy supplier and disruptive retail operator. Today, the Waltham-based company launched a new brand identity that reflects and embodies the company's commitment to supplying the energy people need today, while actively investing in and promoting sustainable alternatives for the future. “Our new bran.

Global Partners Unveils New Brand Identity with Focus on Commitment to Innovation and the Energy Transition

Global Partners LP (GLP) reachead $46.68 at the closing of the latest trading day, reflecting a -1.66% change compared to its last close.

Global Partners LP (GLP) Suffers a Larger Drop Than the General Market: Key Insights

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today provided an update on the expected availability of the Partnership's 2023 tax packages, which include the Schedule K-1 for preferred and common unitholders. Historically, Global's tax packages have been available by the middle of March for the preceding tax year; however, the timing of the availability of Global's 2023 tax packages is dependent upon actions of the U.S. Congress and the Biden ad.

Global Partners LP Provides Update on Expected Availability of 2023 Tax Packages

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced that its Annual Report on Form 10-K for the year ended December 31, 2023, was filed with the U.S. Securities and Exchange Commission (“SEC”) on February 29, 2024. A copy of the Annual Report on Form 10-K is available to be viewed or downloaded from the “SEC Filings” page of the Partnership's investor relations website or from the SEC's website at www.sec.gov. A hard copy of the Partnership's complete audited financi.

Global Partners LP Files 2023 Annual Report on Form 10-K

Global Partners LP. (GLP) Q4 2023 Earnings Call Transcript

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today reported financial results for the fourth quarter and full year ended December 31, 2023. CEO Commentary “2023 was a transformational year for Global, as we completed the strategic acquisition of 25 liquid energy terminals from Motiva Enterprises and completed the first acquisition in our retail joint venture with ExxonMobil,” said Eric Slifka, the Partnership's President and Chief Executive Off.

Global Partners LP Reports Fourth-Quarter and Full-Year 2023 Financial Results

Global Partners LP (GLP) beat the Zacks Consensus Estimate for earnings in two of the last four quarters and missed in the other two.

What Will Global Partners' (GLP) Q4 Earnings Unveil?

In the closing of the recent trading day, Global Partners LP (GLP) stood at $46.77, denoting a -1.2% change from the preceding trading day.

Why Global Partners LP (GLP) Dipped More Than Broader Market Today

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that it will release its fourth-quarter and full-year 2023 financial results before the market opens on Wednesday, February 28, 2024. 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.

Global Partners LP to Host Fourth-Quarter and Full-Year 2023 Financial Results Conference Call on February 28, 2024

Global Partners LP (GLP) concluded the recent trading session at $46.02, signifying a +0.9% move from its prior day's close.

Why the Market Dipped But Global Partners LP (GLP) Gained Today

The latest trading day saw Global Partners LP (GLP) settling at $46.99, representing a +1.27% change from its previous close.

Global Partners LP (GLP) Ascends While Market Falls: Some Facts to Note

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 $0.7000 per unit ($2.80 per unit on an annualized basis) on all of its outstanding common units from October 1, 2023 through December 31, 2023. The distribution will be paid on February 14, 2024 to unitholders of record as of the close of business on February 8, 2024. Non-U.S. Withholding Information Concurrent wit.

Global Partners Declares Fourth-Quarter 2023 Cash Distribution of $0.7000 on Common Units

In the most recent trading session, Global Partners LP (GLP) closed at $44.62, indicating a +1.46% shift from the previous trading day.

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