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 Q1 2021

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Earnings data Q3 2023

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Earnings data Q3 2024

Earnings data Q4 2024

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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Global Partners LP (GLP) CEO Eric Slifka on Q3 2020 Results - Earnings Call Transcript

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today reported financial results for the quarter ended September 30, 2020. “Global continues to perform well despite near-term uncertainties associated with COVID-19,” said Eric Slifka, the Partnership's President and Chief Executive Officer. “Our vertically integrated portfolio of supply, terminaling storage and retail assets are part of the basic infrastructure necessary to power everyday life and the movement of goods, services

Global Partners Reports Third-Quarter 2020 Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has increased its quarterly cash distribution by 4.125 cents to $0.50 per unit ($2.00 per unit on an annualized basis) on all of its outstanding common units for the period from July 1 to September 30, 2020. The distribution will be paid November 13, 2020 to unitholders of record as of the close of business on November 9, 2020. Non-U.S. Withholding I

Global Partners Declares Increased Cash Distribution on Common Units for the Third Quarter of 2020

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced that it will release its third-quarter 2020 financial results before the market opens on Thursday, November 5, 2020, and host a conference call that morning for investors and analysts. Time: 10:00 a.m. ET Dial-in numbers: (877) 709-8155 (U.S. and Canada)   (201) 689-8881 (International) The call also will be webcast live and archived on the Investor Relations section of the Global Partners website, https://ir.global

Global Partners LP to Host Third-Quarter 2020 Financial Results Conference Call on November 5

You Still Need Gasoline, So I Get Yields Of 13.5%: Global Partners LP

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced the appointment of Robert W. “Bob” Owens to the Board of Directors of its general partner, Global GP LLC, effective October 1, 2020. Eric Slifka, President and CEO of Global Partners and Vice Chairman of Global GP LLC, said, “Bob brings a deep history of entrepreneurialism, innovation and success in leading and growing energy sector businesses. He started out as a gas station attendant at 15, worked his way through

Global Partners Announces the Appointment of Robert Owens to its Board of Directors

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Global Partners LP (GLP) CEO Eric Slifka on Q2 2020 Results - Earnings Call Transcript

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today reported financial results for the quarter ended June 30, 2020.

Global Partners Reports Second-Quarter 2020 Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has increased its quarterly cash distribution by 6.5 cents to $0.45875 per unit ($1.835 per unit on an annualized basis) on all of its outstanding common units for the period from April 1 to June 30, 2020.

Global Partners Declares Increased Cash Distribution on Common Units for the Second Quarter of 2020

August 19, 2020 – August 20, 2020 https://www.hgpauction.com/auctions/104084/vos/ SAN DIEGO, CALIF., July 28, 2020 /PRNewswire/ - Heritage Global Partners ("HGP"), a worldwide leader in asset advisory and auction services, in conjunction with Federal Equipment Company ("FEC"), a reliable.

Heritage Global Partners and Federal Equipment Company to Conduct Major Auction of Veterinary Biologics/Vaccine Manufacturing Site Online Auction Features State of the Art Processing and Lab Equipment

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced that it will release its second-quarter 2020 financial results before the market opens on Thursday, August 6, 2020, and host a conference call that morning for investors and analysts.

Global Partners LP to Host Second-Quarter 2020 Financial Results Conference Call on August 6

Yield 10%-Plus From Recession-Resilient Preferred Stock: Global Partners

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global Partners” or the “Partnership”) announced today that the Board of Directors of the general partner (the “General Partner”) authorized the General Partner to repurchase up to 250,000 of the Partnership’s common units from time to time, in one or more open-market transactions, including block trades, or in privately negotiated transactions. Any common units repurchased by the General Partner will be used to meet the General

Global Partners Announces Common Unit Repurchase Program to Meet Obligations Under Its Long-Term Incentive Plan

Global Partners LP (GLP) CEO Eric Slifka on Q1 2020 Results - Earnings Call Transcript

Shares of Global Partners (NYSE:GLP) fell 1.3% in pre-market trading after the company reported Q1 results.

Recap: Global Partners Q1 Earnings

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Global Partners LP (GLP) CEO Eric Slifka on Q4 2019 Results - Earnings Call Transcript

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