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Global Partners Lp  (GLP)
Other Ticker:  
 
    Sector  Energy    Industry Oil Refineries
   Industry Oil Refineries
   Sector  Energy
 
Price: $46.5000 $-1.18 -2.475%
Day's High: $47.7744 Week Perf: -1.11 %
Day's Low: $ 45.93 30 Day Perf: 8.27 %
Volume (M): 29 52 Wk High: $ 50.85
Volume (M$): $ 1,349 52 Wk Avg: $42.47
Open: $47.61 52 Wk Low: $29.21



 Market Capitalization (Millions $) 1,594
 Shares Outstanding (Millions) 34
 Employees 1,770
 Revenues (TTM) (Millions $) 17,185
 Net Income (TTM) (Millions $) 123
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 84

Global Partners Lp

We are a midstream logistics and marketing master limited partnership formed in March 2005 engaged in the purchasing, selling, storing and logistics of transporting petroleum and related products, including gasoline and gasoline blendstocks (such as ethanol), distillates (such as home heating oil, diesel and kerosene), residual oil, renewable fuels, crude oil, natural gas and propane. We own, control or have access to one of the largest terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, New Hampshire, Rhode Island, New York, New Jersey and Pennsylvania (collectively, the “Northeast”). We are one of the largest distributors of gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers in the New England states and New York. We are also one of the largest independent owners, suppliers and operators of gasoline stations and convenience stores in these areas.

We purchase refined petroleum products, renewable fuels, crude oil, natural gas and propane primarily from domestic and foreign refiners and ethanol producers, crude oil producers, major and independent oil companies and trading companies. We operate our business under three segments: (i) Wholesale, (ii) Gasoline Distribution and Station Operations (“GDSO”) and (iii) Commercial.

Global GP LLC, our general partner, manages our operations and activities and employs our officers and substantially all of our personnel, except for most of our gasoline station and convenience store employees who are employed by our wholly owned subsidiary, Global Montello Group Corp. (“GMG”).

We purchase refined petroleum products, renewable fuels, crude oil, natural gas and propane primarily from domestic and foreign refiners and ethanol producers, crude oil producers, major and independent oil companies and trading companies.

In our Wholesale segment, we engage in the logistics of selling, gathering, storage and transportation of refined petroleum products, renewable fuels, crude oil and propane. We transport these products by railcars, barges and/or pipelines pursuant to spot or long-term contracts. We aggregate crude oil by truck or pipeline in the mid-continent region of the United States and Canada, transport it by rail and ship it by barge to refiners. We sell 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. Generally, customers use their own vehicles or contract carriers to take delivery of the gasoline and distillates at bulk terminals and inland storage facilities that we own or control or at which we have throughput or exchange arrangements. Ethanol is shipped primarily by rail and by barge.

Gasoline. We sell all grades of branded and unbranded gasoline and we sell gasoline blendstocks, such as ethanol, that comply with seasonal and geographical requirements in the areas in which we market.

Crude Oil. We engage in the purchasing, selling, storing and logistics of transporting domestic and Canadian crude oil and other products via rail and barge from the mid-continent region of the United States and Canada for distribution to refiners and other customers.

Distillates. Distillates are primarily divided into home heating oil, diesel and kerosene. In 2016, sales of home heating oil, diesel and kerosene accounted for approximately 53%, 46% and 1%, respectively, of our total volume of distillates sold. The distillates we sell are used primarily for fuel for trucks and off-road construction equipment and for space heating of residential and commercial buildings.

 

 

 



   Company Address: P.O. Box 9161 Waltham 2454 MA
   Company Phone Number: 894-8800   Stock Exchange / Ticker: NYSE GLP


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AE   -1.66%    
DK        5.3% 
NGL        9.82% 
• View Complete Report
   



Dividend

Global Partners LP Continues to Impress with Strong Dividend Distributions and Impressive Performance in Q2 2024

Published Wed, Jul 24 2024 12:57 PM UTC

Global Partners, a leading energy company, continues to impress investors with their strong dividend distributions and impressive performance in the second quarter of 2024. The recent announcement of a cash distribution of $0.7200 per unit on all outstanding common units demonstrates GLP's commitment to providing value to its shareholders. With a 12-month dividend payout rat...

Dividend

Global Partners LP Delivers Strong Performance with Cash Distribution Announcement on Series B Preferred Units

Published Wed, Jul 17 2024 4:27 AM UTC

Global Partners Continues Strong Performance with Cash Distribution on Series B Preferred Units
Global Partners LP (NYSE: GLP) has once again demonstrated its commitment to providing value to investors with the announcement of a quarterly cash distribution on its 9.50% fixed-rate Series B preferred units. The Board of Directors of Global GP LLC declared a distribution of...

Dividend

Global Partners LP Shines with Strong Dividend Distributions and Impressive Performance in the Energy Sector

Published Tue, Jul 16 2024 6:04 AM UTC



Global Partners LP (NYSE: GLP), a leading energy logistics and marketing company, continues to command attention with its latest announcement of a quarterly cash distribution for its Series B preferred units. This declaration by the Board of Directors reaffirms Global Partners' commitment to generating value for its unitholders. With a fixed-rate of 9.50% and a str...

Dividend

Global Partners LP Declares Quarterly Cash Distribution, Enhanced Performance Indicates Strong Dividend Potential

Published Mon, Jul 15 2024 1:57 PM UTC



WALTHAM, Mass. - Global Partners LP (NYSE: GLP), a leading energy partnership, has recently announced a positive development for its shareholders. The Board of Directors of its general partner, Global GP LLC, declared a quarterly cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Partnerships 9.50% fixed-rate Series B preferred u...

Stock Transactions

Global Partners LP's Strategic Move to Redeem Series A Preferred Units Sets Stage for Enhanced Shareholder Value and Capital Optimization

Published Fri, Mar 15 2024 12:15 PM UTC

Global Partners LP to Redeem $69 Million of Series A Preferred Units
WALTHAM, Mass. - Global Partners LP (NYSE: GLP) has announced its intention to redeem all $69 million of its 2,760,000 issued and outstanding Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units, commonly referred to as the Series A Preferred Units. These units, represented in...







Global Partners Lp's Segments
Wholesale    60.38 % of total Revenue
Wholesale Gasoline and gasoline blendstocks    39.59 % of total Revenue
Wholesale Distillates and other oils    20.8 % of total Revenue
GDSO    33.25 % of total Revenue
GDSO Gasoline    29.86 % of total Revenue
GDSO Station operations    3.39 % of total Revenue
Commercial    6.37 % of total Revenue
Intertransaction GDSO    2.74 % of total Revenue





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