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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.

Rhea-AI Summary
Global Partners LP (GLP) has priced its private offering of $450 million in 8.250% senior unsecured notes due 2032, co-issued by GLP Finance Corp. and guaranteed by certain subsidiaries.
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End-of-Day
0.02%
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Rhea-AI Summary
Global Partners LP (NYSE: GLP) announced a private offering of $450 million in senior unsecured notes due 2032. The company intends to use the net proceeds to repay borrowings and for general corporate purposes.
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-2.62%
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Rhea-AI Summary
Global Partners LP (NYSE: GLP) has completed the acquisition of 25 liquid energy terminals from Motiva Enterprises LLC for $305.8 million, supported by a 25-year guaranteed take-or-pay throughput agreement. This acquisition nearly doubles Global's operating footprint, expanding its presence from Maine to Florida and into the Gulf Coast. With the addition of these terminals, Global now owns or leases 49 liquid energy terminals in the United States, totaling approximately 18.3 million barrels in shell capacity. The purchase is expected to result in an EBITDA multiple below 7.0x in the second year of ownership.
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3.02%
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Rhea-AI Summary
Global Partners LP (NYSE: GLP) reported Q3 2023 financial results and the acquisition of 25 liquid energy terminals from Motiva Enterprises LLC for $305.8 million. Net income was $26.8 million, a decrease from $111.4 million in 2022. Gross profit was $228.5 million, down from $328.4 million. The company announced a quarterly cash distribution of $0.6850 per common unit.
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1.08%
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Global Partners LP (NYSE:GLP) has entered into an asset purchase agreement with Motiva Enterprises LLC to acquire 25 liquid energy terminals along the Atlantic Coast, in the Southeast and in Texas for $305.8 million in cash. The acquisition will increase Global's terminal capacity by 85% to 18.3 million barrels and expand its geographic reach, underpinned by a 25-year guaranteed take-or-pay throughput agreement with Motiva.
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1.08%
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Global Partners LP will release its third-quarter 2023 financial results on November 9, 2023. A conference call for investors and analysts will be held at 10:00 a.m. ET.
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-0.07%
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conferences earnings
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Global Partners LP announces cash distribution of $0.6850 per unit for Q3 2023. Distribution to be paid on November 14, 2023.
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4.03%
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Global Partners LP announces cash distributions for its preferred units
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-0.19%
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Global Partners LP announces availability of 2022 Schedule K-3 for unitholders
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0.7%
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Rhea-AI Summary
Global Partners LP reports solid second-quarter results with Wholesale and GDSO performing above expectations. Net income was $41.4 million, compared to $162.8 million in the same period last year. EBITDA was $90.7 million, compared to $211.8 million in 2022. DCF was $54.8 million, compared to $178.2 million in 2022.
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Rhea-AI Sentiment
End-of-Day
-6.26%
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Global Partners LP

NYSE:GLP

GLP Rankings

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