Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states and New York. The company is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. Its Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, residual oil, and propane to home heating oil and propane retailers, and wholesale distributors. It also aggregates crude oil through truck or pipeline in the mid-continent region of the United States and Canada, as well as transports it through rail and ships it through barge to refiners. The company's Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates gasoline stations and convenience stores; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. Its Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to end user customers in the public sector, as well as to commercial and industrial end users; and sells custom blended fuels. As of December 31, 2020, the company had a portfolio of 1,548 owned, leased, and/or supplied gasoline stations, which included 277 directly operated convenience stores; and owned, leased, or maintained storage facilities at 25 bulk terminals with a collective storage capacity of 11.8 million barrels. Global GP LLC serves as the general partner of the company. The company was incorporated in 2005 and is based in Waltham, Massachusetts.
IPO Year: 2005
Exchange: NYSE
Website: globalp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2022 | $28.00 → $35.00 | Hold → Buy | Stifel |
| 3/1/2022 | $24.00 → $26.00 | Hold | Stifel |
| 8/9/2021 | $21.00 | Equal Weight → Underweight | Barclays |
The acquisition further strengthens Global's operational capabilities and supply options in the Northeast 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 rack servicing the Rhode Island, Northern Connecticut, and Southern Massachusetts markets, as well as a large dock with capab
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) 709-8155 (U.S. and Canada) or (201) 689-8881 (International). The live and archived audio replay of the conference call can be accessed by visiting the "Events & Presentations" section of the "Investors" portion of the Global Partners
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 Information Concurrent with this announcement we are providing qualified notice to brokers and nominees that hold Global Partners LP units on behalf of non-U.S. investors under Treasury Regulation Section 1.1446-4(b) and (d) and Treasury Re
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 record as of the opening of business on November 1, 2024. Non-U.S. Withholding Information Concurrent with this announcement we are providing qualified notice to brokers and nominees that hold Global Partners LP units on behalf of
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 the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your federal income tax return filing needs, the Partnership encourages you to review the inf
Global Partners LP (NYSE:GLP) ("Global" or the "Partnership") today reported financial results for the second quarter ended June 30, 2024. CEO Commentary "Global Partners achieved year-over-year growth across all key financial metrics in the second quarter," said Eric Slifka, the Partnership's President and Chief Executive Officer. "These results underscore the effectiveness of our integrated business model and the strategic advantages of our diversified portfolio of liquid energy terminals, fueling stations and convenience markets. "Over the past nine months, we have invested more than $500 million to significantly expand our Wholesale segment footprint through the strategic acquisit
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 $0.7200 per unit ($2.88 per unit on an annualized basis) on all of its outstanding common units from April 1, 2024 through June 30, 2024. The distribution will be paid on August 14, 2024 to unitholders of record as of the close of business on August 8, 2024. Non-U.S. Withholding Information Concurrent with this announcement we are providing qualified notice to brokers and nominees that hold Global Partners LP units on behalf of non-U.S. investors under Treasury Regulation Section 1.1446-4(b) and (d) and Treasury Regulati
Global Partners LP (NYSE:GLP) (the "Partnership") today announced that it will release its second-quarter 2024 financial results before the market opens on Wednesday, August 7, 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) 709-8155 (U.S. and Canada) or (201) 689-8881 (International). The live and archived audio replay of the conference call can be accessed by visiting the "Events & Presentations" section of the "Investors" portion of the Global Partn
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 May 15, 2024 through August 14, 2024. The distribution will be paid on August 15, 2024 to Series B preferred unitholders of record as of the opening of business on August 1, 2024. Non-U.S. Withholding Information Concurrent with this announcement we are providing qualified notice to brokers and nominees that hold Global Partners LP units on behalf of non-U.S
Global Partners LP (NYSE:GLP) ("Global" or the "Partnership") today reported financial results for the first quarter ended March 31, 2024. CEO Commentary Eric Slifka, the Partnership's President and Chief Executive Officer, said, "Our Gasoline Distribution and Station Operations segment performed well in the first quarter, posting healthy margins that partly offset less favorable market conditions in our Wholesale and Commercial segments. Specific to our Wholesale segment, certain products were negatively impacted by the timing of mark-to-market valuations, which have largely recovered in the month of April. In the first quarter, we successfully completed the integration of liquid energ
8-K - GLOBAL PARTNERS LP (0001323468) (Filer)
8-K - GLOBAL PARTNERS LP (0001323468) (Filer)
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Stifel upgraded Global Partners from Hold to Buy and set a new price target of $35.00 from $28.00 previously
Stifel reiterated coverage of Global Partners with a rating of Hold and set a new price target of $26.00 from $24.00 previously
Barclays downgraded Global Partners from Equal Weight to Underweight and set a new price target of $21.00
Wells Fargo reiterated coverage of Global Partners with a rating of Underweight and set a new price target of $23.00 from $20.00 previously
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The acquisition further strengthens Global's operational capabilities and supply options in the Northeast 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 rack servicing the Rhode Island, Northern Connecticut, and Southern Massachusetts markets, as well as a large dock with capab
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) 709-8155 (U.S. and Canada) or (201) 689-8881 (International). The live and archived audio replay of the conference call can be accessed by visiting the "Events & Presentations" section of the "Investors" portion of the Global Partners
Global Partners LP (NYSE:GLP) ("Global" or the "Partnership") today reported financial results for the second quarter ended June 30, 2024. CEO Commentary "Global Partners achieved year-over-year growth across all key financial metrics in the second quarter," said Eric Slifka, the Partnership's President and Chief Executive Officer. "These results underscore the effectiveness of our integrated business model and the strategic advantages of our diversified portfolio of liquid energy terminals, fueling stations and convenience markets. "Over the past nine months, we have invested more than $500 million to significantly expand our Wholesale segment footprint through the strategic acquisit
Global Partners LP (NYSE:GLP) (the "Partnership") today announced that it will release its second-quarter 2024 financial results before the market opens on Wednesday, August 7, 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) 709-8155 (U.S. and Canada) or (201) 689-8881 (International). The live and archived audio replay of the conference call can be accessed by visiting the "Events & Presentations" section of the "Investors" portion of the Global Partn
Global Partners LP (NYSE:GLP) ("Global" or the "Partnership") today reported financial results for the first quarter ended March 31, 2024. CEO Commentary Eric Slifka, the Partnership's President and Chief Executive Officer, said, "Our Gasoline Distribution and Station Operations segment performed well in the first quarter, posting healthy margins that partly offset less favorable market conditions in our Wholesale and Commercial segments. Specific to our Wholesale segment, certain products were negatively impacted by the timing of mark-to-market valuations, which have largely recovered in the month of April. In the first quarter, we successfully completed the integration of liquid energ
Global Partners LP (NYSE:GLP) (the "Partnership") today announced that it will release its first-quarter 2024 financial results before the market opens on Wednesday, May 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) 709-8155 (U.S. and Canada) or (201) 689-8881 (International). The live and archived audio replay of the conference call can be accessed by visiting the "Events & Presentations" section of the "Investors" portion of the Global Partners
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 Officer. "The Motiva transaction creates an exciting opportunity for our supply, storage, terminalling and retail networks in some of the fastest-growing regions of the country. The acquisition nearly doubles our terminal storage capac
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 by dialing (877) 709-8155 (U.S. and Canada) or (201) 689-8881 (International). The live and archived audio replay of the conference call can be accessed by visiting the "Events & Presentations" section of the "Investors" portion of
Global Partners LP (NYSE:GLP) ("Global" or the "Partnership") today reported financial results for the third quarter ended September 30, 2023. "Our team delivered solid results in Q3, which was in line with our expectations in a more normalized market compared with last year," said Eric Slifka, the Partnership's President and Chief Executive Officer. "We continue to deliver value across the midstream and downstream liquid energy markets, providing customers with essential products and services through our integrated fuel storage, distribution and retail assets." In a separate news release issued today, Global announced the signing of an asset purchase agreement with Motiva Enterprises L
Global Partners LP (NYSE:GLP) (the "Partnership") today announced that it will release its third-quarter 2023 financial results before the market opens on Thursday, November 9, 2023. 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) 709-8155 (U.S. and Canada) or (201) 689-8881 (International). The live and archived audio replay of the conference call can be accessed by visiting the "Events & Presentations" section of the "Investors" portion of the Global Partn
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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240311153681/en/Alltown Fresh Hudson, MA (Photo: Business Wire) "Our new brand image symbolizes a shift in our thinking—a new mindset tha
CFO of Private Investment Firm Brings Strategic Growth and Operations Execution Experience, Aligning with the Partnership's Goals Global Partners LP (NYSE:GLP) today announced the appointment of Ms. Clare McGrory to the Board of Directors of its general partner, Global GP LLC, effective March 1. Ms. McGrory is the Chief Financial Officer (CFO) and Chief Compliance Officer (CCO) as well as a Partner at Atairos, a $6 billion independent strategic investment firm focused on backing growth-oriented businesses across a wide range of industries. Clare joined Atairos after 13 years of experience in the energy industry, including serving as the Chief Financial Officer, EVP, and Treasurer of Sunoc
Former Ernst & Young Partner brings more than 40 years of experience advising an array of public and private companies 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 companies across diverse business lines. While at EY Jaime was a key partner on Global's account—a relationship tha
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced that Daphne H. Foster has notified the Board of Directors that she plans to retire as Chief Financial Officer and step down as a member of the board effective August 31, 2021, after more than 14 years with the Partnership. Gregory B. Hanson, Global’s Treasurer since 2014, will succeed Foster as CFO effective September 1, 2021. “Daphne has played an integral role in advancing Global’s strategic goals over the past 14 years,” said Eric Slifka, the Partnership’s President and Chief Executive Officer. “She has strengthened the organization by investing in people and new processes, guided a number of success
Although U.S. stocks closed mixed on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. ProFrac Holding The Trade: ProFrac Holding Corp. (NASDAQ:ACDC) 10% owner Dan H. Wilks acquired a total of 460,000 shares at
Although U.S. stocks closed mixed on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Global Partners The Trade: Global Partners LP (NYSE:GLP) Global GP LLC acquired a total of 30,000 shares an average price of
Global Partners (NYSE:GLP) reported quarterly losses of $(0.37) per share which missed the analyst consensus estimate of $0.10 by 470 percent. This is a 152.86 percent decrease over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $4.14 billion which missed the analyst consensus estimate of $5.22 billion by 20.61 percent. This is a 2.85 percent increase over sales of $4.03 billion the same period last year.
Global Partners (NYSE:GLP) reported quarterly earnings of $1.41 per share which beat the analyst consensus estimate of $0.96 by 46.87 percent. The company reported quarterly sales of $4.41 billion which beat the analyst consensus estimate of $4.39 billion by 0.35 percent. This is a 0.41 percent decrease over sales of $4.43 billion the same period last year.
Companies Reporting Before The Bell • ICL Group (NYSE:ICL) is likely to report quarterly earnings at $0.08 per share on revenue of $1.69 billion. • Golden Ocean Group (NASDAQ:GOGL) is likely to report quarterly earnings at $0.27 per share on revenue of $193.12 million. • Wallbox (NYSE:WBX) is likely to report earnings for its fourth quarter. • Immunocore Hldgs (NASDAQ:IMCR) is estimated to report quarterly loss at $0.28 per share on revenue of $67.23 million. • Royal Bank of Canada (NYSE:RY) is likely to report quarterly earnings at $2.08 per share on revenue of $9.95 billion. • TG Therapeutics (NASDAQ:TGTX) is likely to report quarterly loss at $0.10 per share on revenue of $40.06 mil
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Raymond James raised Fusion Pharmaceuticals Inc. (NASDAQ:FUSN) price target from $12 to $15. Raymond James analyst Rahul Sarugaser upgraded the stock from Outperform to Strong Buy. Fusion Pharmaceuticals shares jumped 16.7% to close at $7.97 on Tuesday. See how other analysts view this stock. BTIG boosted the price target for Organogenesis Holdings Inc. (NASDAQ:ORGO) from $4 to $6. BTIG analyst Ryan Zimmerman maintained a Buy rating. Organogenesis shares gained 0.3% to close at $3.97 on Tuesday. Se
Stifel analyst Selman Akyol maintains Global Partners (NYSE:GLP) with a Buy and raises the price target from $40 to $44.
What is a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the energy sector: Callon Petroleum (NYSE:CPE) - P/E: 2.92 Smart Sand (NASDAQ:SND) - P/E: 6.27 Chesapeake Energy (NASDAQ:CHK) - P/E: 2.03 Diamondback Energy (NASDAQ:FANG) - P/E: 8.48 Global Partners (NYSE:GLP) - P/E: 9.95 This quarter, Callon Petroleum experienced a decrease in earnings per share, which was $1.99 in Q2 and is now $1.82. Smart Sa