Global Partners
About: Global Partners LP is an U.S.-based limited partnership that acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the Wholesale segment.
Employees: 5,060
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
80% more call options, than puts
Call options by funds: $2.91M | Put options by funds: $1.62M
3% more capital invested
Capital invested by funds: $658M [Q2] → $679M (+$20.9M) [Q3]
0.06% less ownership
Funds ownership: 42.85% [Q2] → 42.78% (-0.06%) [Q3]
8% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 26
2% less funds holding
Funds holding: 104 [Q2] → 102 (-2) [Q3]
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$54
13%
upside
Avg. target
$54
13%
upside
High target
$54
13%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Stifel Selman Akyol 70% 1-year accuracy 19 / 27 met price target | 13%upside $54 | Buy Maintained | 12 Nov 2024 |
Financial journalist opinion
Positive
Benzinga
2 weeks ago
Buy Baby Buy: 3 Energy Stocks Riding The Trump Presidential Victory
America's president-elect is set to introduce a series of new energy-focused policies, rolling back regulatory red tape introduced by the Biden administration. Energy stocks, including a handful of drilling and exploration companies, rallied on the stock market following Trump's victory on November 5.
Neutral
Seeking Alpha
1 month ago
Global Partners LP Common Units (GLP) Q3 2024 Earnings Call Transcript
Global Partners LP Common Units (NYSE:GLP ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Eric Slifka - President & CEO Gregory Hanson - CFO Mark Romaine - COO Sean Geary - CLO & Secretary Conference Call Participants Selman Akyol - Stifel Operator Good day, everyone, and welcome to the Global Partners Third Quarter 2024 Financial Results Conference Call. Today's call is being recorded.
Neutral
Business Wire
1 month ago
Global Partners Reports Third-Quarter 2024 Financial Results
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today reported financial results for the third quarter ended September 30, 2024. CEO Commentary “Global's solid financial and operational performance in the third quarter highlights the continued growth and diversification of our retail, terminal, and wholesale liquid energy portfolio,” said Eric Slifka, the Partnership's President and Chief Executive Officer. “We delivered year-over-year gains acros.
Neutral
Business Wire
1 month ago
Global Partners LP Completes Acquisition of East Providence Liquid Energy Terminal
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE:GLP) (“Global” or the “Partnership”) announced today that it has successfully completed the acquisition of a liquid energy terminal in East Providence, Rhode Island from the ExxonMobil Oil Corporation. The East Providence terminal, featuring 10 product tanks with 959,730-barrel shell capacity, serves as a strategic storage facility for various products, including gasoline, additives, distillates, and ethanol. It includes a six-bay truck.
Neutral
Business Wire
1 month ago
Global Partners LP to Host Third-Quarter 2024 Financial Results Conference Call on November 8, 2024
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that it will release its third-quarter 2024 financial results before the market opens on Friday, November 8, 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 by dialing (877) 7.
Neutral
Business Wire
1 month ago
Global Partners Declares Third-Quarter 2024 Cash Distribution of $0.7300 on Common Units
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $0.7300 per unit ($2.92 per unit on an annualized basis) on all of its outstanding common units from July 1, 2024 through September 30, 2024. The distribution will be paid on November 14, 2024 to unitholders of record as of the close of business on November 8, 2024. Non-U.S. Withholding Informat.
Neutral
Business Wire
2 months ago
Global Partners Announces Cash Distribution on Series B Preferred Units
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that the Board of Directors (the “Board”) of its general partner, Global GP LLC, has declared a quarterly cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Partnership's 9.50% fixed-rate Series B preferred units for the period from August 15, 2024 through November 14, 2024. The distribution will be paid on November 15, 2024 to Series B preferred unitholders of.
Positive
Seeking Alpha
2 months ago
Midstream Energy - Relative Quality
Many midstream energy companies pay stable, well-supported distributions or dividends with yields well over 5%. The relative quality of twenty-nine midstream energy companies was evaluated by means of a quality matrix with factors including valuation, profitability, growth, leverage, yield, and yield coverage. Based on this review, I recommend those investors who are interested in midstream energy first consider the five highest quality midstreams: HESM, WES, EPD, ET, and KNTK.
Neutral
Business Wire
4 months ago
Global Partners LP Announces Availability of 2023 Schedule K-3
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that its 2023 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.
Neutral
Seeking Alpha
4 months ago
Global Partners LP Common Units (GLP) Q2 2024 Earnings Call Transcript
Global Partners LP Common Units (NYSE:GLP ) Q2 2024 Results Conference Call August 7, 2024 10:00 AM ET Company Participants Sean Geary - CLO & Secretary Eric Slifka - President & CEO Gregory Hanson - CFO Mark Romaine - COO Conference Call Participants Selman Akyol - Stifel Operator Good day, everyone, and welcome to the Global Partners Second Quarter 2024 Financial Results Conference Call. Today's call is being recorded.
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