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Global Partners LP - GLP STOCK NEWS

Welcome to our dedicated news page for Global Partners LP (Ticker: GLP), a resource for investors and traders seeking the latest updates and insights on Global Partners LP.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Global Partners LP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Global Partners LP's position in the market.

News
Global Partners Declares First-Quarter 2024 Cash Distribution of $0.7100 on Common Units
Rhea-AI Summary
Global Partners LP (NYSE: GLP) declared a cash distribution of $0.7100 per unit ($2.84 annually) on common units for the first quarter of 2024. The distribution will be paid on May 15, 2024, to unitholders of record as of May 9, 2024. Non-U.S. investors are subject to federal income tax withholding on the distributions.
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Global Partners LP to Host First-Quarter 2024 Financial Results Conference Call on May 8, 2024
Rhea-AI Summary
Global Partners LP (GLP) will host a conference call on May 8, 2024, to discuss its first-quarter 2024 financial results. The call will be led by Eric Slifka, President, and CEO, Gregory B. Hanson, CFO, and Mark Romaine, COO.
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Global Partners Announces Cash Distribution on Series B Preferred Units
Rhea-AI Summary
Global Partners LP (GLP) declares a quarterly cash distribution of $0.59375 per unit on its 9.50% fixed-rate Series B preferred units, totaling $2.375 per unit annually. The distribution will be paid on May 15, 2024, to unitholders of record as of May 1, 2024. Non-U.S. investors will be subject to federal income tax withholding on the distributions.
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Global Partners LP Completes Acquisition of Four Liquid Energy Terminals from Gulf Oil
Rhea-AI Summary
Global Partners LP (GLP) successfully acquires four liquid energy terminals from Gulf Oil, enhancing its presence in the Northeast energy market. With a combined shell capacity of 3.0 million barrels, these terminals will boost Global's storage and distribution capabilities for gasoline, distillates, and ethanol. The strategic acquisition aligns with Global's growth strategy, allowing the company to capitalize on high-demand markets and expand its network.
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1.01%
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Global Partners LP Announces Full Redemption of Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
Rhea-AI Summary
Global Partners LP (GLP) announced the redemption of all $69,000,000 of its Series A Preferred Units on April 15, 2024, at a redemption price of $25.00 per share. Trading of the units on the NYSE will cease on the Redemption Date. Non-U.S. investors are subject to federal income tax withholding on distributions and sales transactions.
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Global Partners Unveils New Brand Identity with Focus on Commitment to Innovation and the Energy Transition
Rhea-AI Summary
Global Partners LP (NYSE: GLP) unveils a new brand identity showcasing its commitment to traditional energy supply and sustainable alternatives. The company acquired 25 liquid energy terminals to expand operations and is investing in renewable energy sources like renewable diesel and biodiesel.
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Global Partners LP Provides Update on Expected Availability of 2023 Tax Packages
Rhea-AI Summary
Global Partners LP (GLP) updates on the availability of 2023 tax packages for unitholders, impacted by potential tax law changes under H.R. 7024. Certain provisions in the proposed legislation may lower Global's taxable income for 2023. The K-1 packages for preferred units will be available by March 15, 2024, while common unit packages are expected around March 30, 2024.
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Global Partners LP Files 2023 Annual Report on Form 10-K
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Global Partners LP (GLP) filed its Annual Report on Form 10-K for 2023 with the SEC, providing access to financial statements online and in hard copy. Investors can obtain the report from the SEC website or contact the Investor Relations department.
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Global Partners LP Reports Fourth-Quarter and Full-Year 2023 Financial Results
Rhea-AI Summary
Global Partners LP (GLP) reported strong financial results for Q4 and full year 2023, highlighted by key acquisitions and market growth. CEO Eric Slifka mentioned transformative acquisitions with Motiva Enterprises and ExxonMobil, leading to increased storage capacity and market diversification. Despite a slight decrease in net income, GLP saw growth in EBITDA, adjusted EBITDA, DCF, and adjusted DCF. The company's GDSO segment product margin increased significantly, driven by higher fuel margins. GLP's recent private offering of senior unsecured notes and cash distribution to unitholders demonstrate financial stability and commitment to growth.
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Global Partners LP to Host Fourth-Quarter and Full-Year 2023 Financial Results Conference Call on February 28, 2024
Rhea-AI Summary
Global Partners LP (GLP) will release its Q4 and full-year 2023 financial results on February 28, 2024. The conference call will be hosted by key executives, including the President and CEO. Investors and analysts can access the call via phone or online.
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Stock GLP logo
Global Partners LP

NYSE:GLP

GLP Rankings

#2047 Ranked by Market Cap
N/A Ranked by Stock Gains
#507 Ranked by Dividends

GLP Stock Data

1.55B
27.37M
18.05%
39.07%
2.69%
Pipeline Transportation of Crude Oil
Transportation and Warehousing
Link
US
Waltham

About GLP

a publicly traded master limited partnership, global is a midstream logistics and marketing company that owns, controls, or has access to one of the largest terminal networks of petroleum products and renewable fuels in the northeast. global also is one of the largest distributors of gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers in new england and new york. the partnership is a leader in the transportation of crude oil and other products by rail across its “virtual pipeline” from the mid-continental u.s. and canada to the east and west coasts for distribution to refiners and others. with nearly 1,600 locations, primarily in the northeast, global also is one of the largest independent owners, suppliers and operators of gasoline stations and convenience stores. global’s convenience stores are comprised of: alltown, mr. mike's, xtramart, on the run and fast freddie's. global is no. 180 in the fortune 500 list of america’s larges