Welcome to our dedicated page for Global Partners Lp news (Ticker: GLP), a resource for investors and traders seeking the latest updates and insights on Global Partners Lp stock.
Global Partners LP (NYSE: GLP) generates a steady flow of news as a master limited partnership active in the marketing, storage, and distribution of petroleum and related products. As an integrated owner, supplier, and operator of liquid energy terminals and fuel retail locations, the Partnership regularly reports on its operating performance, financing activities, and cash distributions.
News coverage for GLP commonly includes quarterly and year-to-date financial results, where the Partnership discusses net income, gross profit, product margin, EBITDA, adjusted EBITDA, distributable cash flow, and adjusted distributable cash flow. These releases often break down performance across its Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial segments, highlighting product margins, sales, and volumes for gasoline, distillates, residual oil, renewable fuels, and related products.
Investors also see frequent announcements of cash distributions on both common units and 9.50% Series B preferred units, with details on record dates, payment dates, and U.S. tax withholding treatment for non-U.S. investors. In addition, Global Partners issues news about capital markets and debt transactions, such as private offerings of senior notes, tender offers and redemptions of existing notes, and the use of proceeds to manage its capital structure and credit agreement borrowings.
Other items that may appear in the GLP news feed include updates on conference calls for earnings releases, governance developments disclosed via press releases attached to Form 8-K filings, and commentary from management on the performance of its terminal network and retail portfolio. For readers following GLP, this news page offers a centralized view of the Partnership’s operating trends, distribution decisions, and financing actions across its multi-state energy and retail footprint.
Global Partners LP (NYSE: GLP) reported strong Q4 and full-year 2021 results, driven by its Gasoline Distribution and Station Operations segment. Net income surged to $19.3 million, or $0.44 per unit, from $4.4 million a year prior. EBITDA grew to $65.7 million, and distributable cash flow (DCF) increased to $30.5 million. Total sales reached $4.1 billion, a significant rise from $2.2 billion in Q4 2020. The company executed several strategic acquisitions and plans to close a terminal sale, enhancing operational efficiencies and cash flow. A quarterly cash distribution of $0.5850 per unit was also announced.
Global Partners LP (NYSE: GLP) will release its fourth-quarter and full-year 2021 financial results before markets open on February 28, 2022. A conference call will be held at 10:00 a.m. ET for investors and analysts. The call will be accessible via dial-in numbers for the U.S., Canada, and international listeners. Global Partners operates approximately 1,700 gas stations and convenience stores in the Northeast and has an extensive terminal network for fuel distribution.
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Global Partners LP (NYSE: GLP) has finalized its acquisition of 26 "Wheels" branded convenience stores and fuel supply agreements from Consumers Petroleum of Connecticut. The strategic purchase aims to enhance income sources and earnings potential. This transaction includes sites across Connecticut and New York, with Global also complying with a Federal Trade Commission consent order by divesting seven retail locations. CFO Greg Hanson expressed optimism about synergies that will boost overall operations.
Global Partners LP (NYSE: GLP) has declared a quarterly cash distribution of $0.5850 per unit, amounting to $2.34 per unit on an annualized basis. This distribution applies to all outstanding common units for the period from October 1, 2021 through December 31, 2021. Payment is scheduled for February 14, 2022, with a record date of February 8, 2022. The press release also includes information regarding federal income tax withholding for non-U.S. investors.
Global Partners LP (NYSE: GLP) announced a cash distribution for its Series A preferred units of $0.609375 per unit, and for its Series B preferred units, $0.59375 per unit, both for the period from
Global Partners LP (NYSE: GLP) reported a strong Q3 2021 with net income of $33.6 million ($0.86/unit), up from $18.2 million a year earlier. EBITDA rose to $79.4 million from $65.0 million. Distributable cash flow reached $49.7 million compared to $31.3 million in Q3 2020. Gross profit increased to $203.1 million, driven by higher margins in the Gasoline Distribution and Station Operations segment. Sales surged to $3.3 billion, reflecting increased fuel prices. A quarterly cash distribution of $0.5750 per unit will be paid on November 12, 2021.
Global Partners LP has appointed Jaime Pereira to its Board of Directors, effective October 25, 2021. With over 40 years of experience, including a notable tenure at Ernst & Young, Pereira brings significant expertise in finance and accounting. He will contribute to the audit, compensation, and conflicts committees, leveraging his knowledge gained from advising various public and private companies. This appointment aims to enhance the board's overall skill set and governance, potentially benefiting GLP stakeholders.
Global Partners LP (NYSE: GLP) has declared a quarterly cash distribution of $0.5750 per unit, amounting to $2.30 on an annualized basis, for the period from July 1 to September 30, 2021. This distribution will be paid on November 12, 2021 to unitholders of record as of November 8, 2021. The press release also outlines tax implications for non-U.S. investors, highlighting that distributions will be subject to federal income tax withholding. Global Partners operates over 1,550 locations and has a significant presence in gasoline and convenience store operations in the Northeast.
Global Partners LP (NYSE: GLP) will release its third-quarter 2021 financial results on November 5, 2021, prior to market opening. A conference call for investors and analysts will be held at 10:00 a.m. ET on the same day, with dial-in options available for participants in the U.S., Canada, and internationally. The call will also be webcast live and archived on the Investor Relations section of Global Partners' website. This announcement highlights the company's ongoing communication efforts with stakeholders.
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