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 reports developments for a master limited partnership that owns, supplies, and operates liquid energy terminals, retail fueling locations, and convenience destinations. Its updates focus on gasoline, distillates, residual oil, renewable fuels, and related logistics across a terminal network connected to rail, pipeline, and marine assets, with retail and supplied locations in the Northeast, Mid-Atlantic, Texas, and other markets.
Recurring news includes quarterly and annual financial results, segment commentary for Wholesale, Gasoline Distribution and Station Operations, and Commercial activities, and cash distributions on common units and Series B preferred units. Company announcements also address annual report filings, qualified tax notices for non-U.S. unitholders, and conference-call scheduling tied to operating results.
Global Partners LP (NYSE: GLP) has announced a quarterly cash distribution of $0.609375 per unit on its Series A preferred units, representing an annualized rate of $2.4375. This payment is for the period August 15, 2020 to November 14, 2020 and will be distributed on November 16, 2020 to unitholders of record as of November 2, 2020. The press release also highlights that all distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable rate. Global Partners operates approximately 1,550 locations across the Northeast.
Global Partners LP (NYSE: GLP) has appointed Robert W. Owens to its Board of Directors, effective October 1, 2020. Owens, with over four decades in the energy sector, is recognized for his leadership at Sunoco, where he oversaw significant growth through strategic acquisitions. His experience includes executive roles at Ultramar Diamond Shamrock, Amerada Hess, and Mobil Oil. Chairman Richard Slifka highlights Owens' governance expertise and leadership as a valuable addition to the board, enhancing its strategic insights and skillset.