GLP icon

Global Partners

58.23 USD
-1.65
2.76%
At close Feb 21, 4:00 PM EST
1 day
-2.76%
5 days
1.69%
1 month
9.31%
3 months
12.30%
6 months
37.08%
Year to date
24.13%
1 year
22.77%
5 years
210.56%
10 years
53.88%
 

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 7,139 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

102% more call options, than puts

Call options by funds: $1.71M | Put options by funds: $847K

100% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 8

3% more funds holding

Funds holding: 102 [Q3] → 105 (+3) [Q4]

2% more capital invested

Capital invested by funds: $682M [Q3] → $696M (+$13.8M) [Q4]

0.98% more ownership

Funds ownership: 42.99% [Q3] → 43.97% (+0.98%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]

41% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 27

Research analyst outlook

We haven’t received any recent analyst ratings for GLP.

Financial journalist opinion

Based on 5 articles about GLP published over the past 30 days

Positive
Zacks Investment Research
21 hours ago
3 Solid Options Amid Refining & Marketing MLP Industry Tumult
Following a careful analysis of the Zacks Oil and Gas - Refining & Marketing MLP industry, we advise focusing on companies like TRGP, GLP and CAPL.
3 Solid Options Amid Refining & Marketing MLP Industry Tumult
Neutral
Business Wire
1 week ago
Global Partners LP to Host Fourth-Quarter and Full-Year 2024 Financial Results Conference Call on February 28, 2025
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that it will release its fourth-quarter and full-year 2024 financial results before the market opens on Friday, February 28, 2025. 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.
Global Partners LP to Host Fourth-Quarter and Full-Year 2024 Financial Results Conference Call on February 28, 2025
Positive
Seeking Alpha
2 weeks ago
Global Partners: The Preferred Units Are Better
Global Partners LP has substantial leverage and arguably unsustainable growth prospects. The preferred units offer a higher yield of 9% and lower risk compared to the common units. The company's high EBITDA multiple of 10x and increased leverage suggest a fully priced valuation.
Global Partners: The Preferred Units Are Better
Positive
Zacks Investment Research
3 weeks ago
Global Partners (GLP) Soars 6.8%: Is Further Upside Left in the Stock?
Global Partners (GLP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Global Partners (GLP) Soars 6.8%: Is Further Upside Left in the Stock?
Neutral
Business Wire
3 weeks ago
Global Partners Declares Fourth-Quarter 2024 Cash Distribution of $0.7400 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 $0.7400 per unit ($2.96 per unit on an annualized basis) on all of its outstanding common units from October 1, 2024 through December 31, 2024. The distribution will be paid on February 14, 2025 to unitholders of record as of the close of business on February 10, 2025. Non-U.S. Withholding Infor.
Global Partners Declares Fourth-Quarter 2024 Cash Distribution of $0.7400 on Common Units
Neutral
Business Wire
1 month 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 November 15, 2024 through February 14, 2025. The distribution will be paid on February 18, 2025 to Series B preferred unitholders.
Global Partners Announces Cash Distribution on Series B Preferred Units
Positive
Benzinga
2 months 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.
Buy Baby Buy: 3 Energy Stocks Riding The Trump Presidential Victory
Neutral
Seeking Alpha
3 months 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.
Global Partners LP Common Units (GLP) Q3 2024 Earnings Call Transcript
Neutral
Business Wire
3 months 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.
Global Partners Reports Third-Quarter 2024 Financial Results
Neutral
Business Wire
3 months 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.
Global Partners LP Completes Acquisition of East Providence Liquid Energy Terminal
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