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”) today announced that Sean T. Geary was appointed by the Board of Directors of the Partnership's general partner, Global GP LLC, to serve as Chief Legal Officer effective March 1, 2022. Geary has been a leader at Global Partners for the past 16 years, progressing into roles of increasing responsibility. Most recently, he served as Acting General Counsel and Secretary of Global and its general partner

Global Partners Announces the Promotion of Sean T. Geary to Chief Legal Officer

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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, 2021 was filed with the U.S. Securities and Exchange Commission (SEC) on February 28, 2022. A copy of the Annual Report on Form 10-K is available to be viewed or downloaded on the Partnership's website https://ir.globalp.com/financials/sec-filings/default.aspx or from the SEC's website at www.sec.gov. A hard copy of the Partnership's complete audite

Global Partners LP Files 2021 Annual Report on Form 10-K

Global Partners LP (GLP) CEO Eric Slifka on Q4 2021 Results - 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, 2021. “Sustained momentum in our Gasoline Distribution and Station Operations (GDSO) segment contributed to a strong fourth-quarter performance for Global,” said Eric Slifka, the Partnership's President and Chief Executive Officer. “Retail fuel volume and margins increased year-over-year in the quarter while dema

Global Partners Reports Fourth-Quarter and Full-Year 2021 Financial Results

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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced that it will release its fourth-quarter and full-year 2021 financial results before the market opens on Monday, February 28, 2022, 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

Global Partners LP to Host Fourth-Quarter and Full-Year 2021 Financial Results Conference Call on February 28, 2022

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Global Partners yields over 8% and has outperformed the market strongly.

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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or “the Partnership”), one of the Northeast's largest independent owners, suppliers and operators of gasoline stations and convenience stores, today announced the purchase of Miller's Neighborhood Market (Miller's), expanding the Partnership's retail footprint in the mid-Atlantic region. The purchase price was not disclosed. The acquisition includes 23 convenience stores (21 company-operated) and fuel supply agreements wi

Global Partners Expands in the Mid-Atlantic Region with Acquisition of Miller's Neighborhood Market

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or “the Partnership”), one of the Northeast's largest independent owners, suppliers and operators of gasoline stations and convenience stores, today announced that it has completed the previously announced purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut, Inc. The deal demonstrates the Partnership's strategy of growing in part through acquisitions designed to create new sources

Global Partners Expands Portfolio with Acquisition of Consumers Petroleum of Connecticut's Wheels Retail Fuel and Convenience Stores

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 quarterly cash distribution of $0.5850 per unit ($2.34 per unit on an annualized basis) on all of its outstanding common units for the period from October 1, 2021 through December 31, 2021. The distribution will be paid on February 14, 2022 to unitholders of record as of the close of business on February 8, 2022. Non-U.S. Withholding I

Global Partners Declares Fourth-Quarter 2021 Cash Distribution of $0.5850 on Common Units

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GLP yields 9.16%. DCF/distribution coverage soared to 2.49X in Q3 '21.

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Global Partners LP (GLP) CEO Eric Slifka on Q3 2021 Results - Earnings Call Transcript

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today reported financial results for the third quarter ended September 30, 2021. “Margin growth in all three segments highlighted a solid third quarter that demonstrated the resilience of our integrated business model, from our terminal network to our retail portfolio,” said Eric Slifka, the Partnership's President and CEO. “With COVID-19 restrictions eased, we continued to see improved demand across our portfolio. “GDSO (Gasoline

Global Partners Reports Third-Quarter 2021 Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced the appointment of Jaime Pereira to the Board of Directors of its general partner, Global GP LLC, effective October 25, 2021. Mr. Pereira will serve on Global's audit, compensation and conflicts committees. Eric Slifka, President and CEO of Global Partners and Vice Chairman of Global GP LLC, said, “Jaime is an astute financial expert and brings with him more than 40 years of experience advising public and private co

Global Partners Announces the Appointment of Jaime Pereira to its Board of Directors

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 quarterly cash distribution of $0.5750 per unit ($2.30 per unit on an annualized basis) on all of its outstanding common units for the period from July 1 to September 30, 2021. The distribution will be paid November 12, 2021 to unitholders of record as of the close of business on November 8, 2021. Non-U.S. Withholding Information This

Global Partners Declares Third-Quarter 2021 Cash Distribution of $0.5750 on Common Units

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced that it will release its third-quarter 2021 financial results before the market opens on Friday, Nov 5, 2021, 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.globalp

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