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.
RoadFlex has announced a strategic partnership with Global Partners LP (NYSE: GLP) to expand its fuel discount network. The collaboration enables RoadFlex customers to access fuel discounts at Global Partners' service stations across 11 states using a VISA fleet card.
The partnership provides access to discounted fuel at multiple branded stations including Shell, BP, 76, Exxon, Mobil, Sunoco, Gulf, Citgo, Alltown Fresh, VP Racing, Global, and Xtramart in CT, MA, MD, ME, NH, NJ, NY, PA, RI, VA, and VT. Customers can combine these discounts with RoadFlex's Fuel Risk Management Platform, which offers purchase controls and fuel analytics.
Global Partners LP (NYSE: GLP) has announced the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The report was submitted to the U.S. Securities and Exchange Commission (SEC) on February 28, 2025.
Investors can access the annual report through multiple channels: the Partnership's investor relations website under the 'SEC Filings' section, directly from the SEC's website, or by requesting a hard copy of the complete audited financial statements from Global Partners' Investor Relations department.
Global Partners LP (NYSE: GLP) reported its Q4 and full-year 2024 financial results, marking a transformative year of growth. The company expanded its terminal network significantly, more than doubling its count and increasing storage capacity by 12.1 million barrels to 22 million barrels.
Key financial metrics for Q4 2024:
- Net income: $23.9 million ($0.52 per unit) vs $55.3 million ($1.41 per unit) in Q4 2023
- EBITDA: $94.6 million vs $110.9 million in Q4 2023
- Gross profit: $268.8 million vs $280.4 million in Q4 2023
Full-year 2024 results showed net income of $110.3 million ($2.41 per unit) compared to $152.5 million ($3.76 per unit) in 2023. The company completed strategic acquisitions, including 25 terminals across multiple states and a significant 25-year take-or-pay contract with Motiva. A quarterly cash distribution of $0.74 per unit was announced.
Global Partners LP (NYSE: GLP) has announced its upcoming fourth-quarter and full-year 2024 financial results release, scheduled for February 28, 2025, before market opening. The company will host a conference call at 10:00 a.m. ET featuring key executives including President and CEO Eric Slifka, CFO Gregory B. Hanson, and COO Mark Romaine.
Investors and analysts can participate by dialing (877) 709-8155 for U.S. and Canada or (201) 689-8881 for international calls. Both live and archived audio replays will be available through the 'Events & Presentations' section on Global Partners' investor relations website.
Global Partners LP (NYSE: GLP) has announced its fourth-quarter 2024 cash distribution of $0.7400 per unit, equivalent to $2.96 per unit annually. The distribution will be paid on February 14, 2025, to unitholders of record as of February 10, 2025.
The company also provided notice regarding non-U.S. withholding requirements, stating that 100% of distributions to non-U.S. investors are considered effectively connected with U.S. trade or business. These distributions are subject to federal income tax withholding at the highest applicable effective tax rate plus 10%, with brokers and nominees serving as withholding agents.
Global Partners LP (NYSE: GLP) has declared a quarterly cash distribution of $0.59375 per unit ($2.375 per unit annually) on its 9.50% fixed-rate Series B preferred units. The distribution covers the period from November 15, 2024, through February 14, 2025, and will be paid on February 18, 2025, to Series B preferred unitholders of record as of February 3, 2025.
The company also provided notice regarding non-U.S. investor withholding requirements, stating that 100% of distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate plus 10%. Brokers and nominees, not Global Partners LP, are responsible for withholding on distributions received on behalf of non-U.S. investors.
Global Partners LP (NYSE: GLP) reported strong Q3 2024 financial results with net income of $45.9 million ($1.17 per unit), up from $26.8 million ($0.60 per unit) in Q3 2023. EBITDA increased to $119.1 million from $76.7 million year-over-year. The company's gross profit rose to $286.0 million from $228.5 million, while total sales reached $4.4 billion. Notable achievements include the integration of 29 new terminals and the recent acquisition of ExxonMobil's East Providence terminal with 959,730 barrels of storage capacity. The GDSO segment showed strong performance with product margin of $237.7 million, while Wholesale segment margin increased to $71.1 million.
Global Partners LP (NYSE:GLP) has completed the acquisition of a liquid energy terminal in East Providence, Rhode Island from ExxonMobil Oil The terminal features 10 product tanks with 959,730-barrel shell capacity for storing gasoline, additives, distillates, and ethanol. The facility includes a six-bay truck rack serving Rhode Island, Northern Connecticut, and Southern Massachusetts markets, plus a dock for long-range vessels. The acquisition includes surplus vacant real estate parcels for potential future development and will enhance Global's gasoline infrastructure to optimize its marketing and retail presence in the area.
Global Partners LP (NYSE: GLP) announced it will release its third-quarter 2024 financial results before market opens on Friday, November 8, 2024. The company will hold a conference call at 10:00 a.m. ET, featuring President and CEO Eric Slifka, CFO Gregory B. Hanson, and COO Mark Romaine. Investors and analysts can join via phone at (877) 709-8155 (U.S./Canada) or (201) 689-8881 (International). An audio replay will be available on the company's investor relations website.
Global Partners LP (NYSE: GLP) has announced its third-quarter 2024 cash distribution of $0.7300 per unit ($2.92 per unit annualized). The distribution will be paid on November 14, 2024, to unitholders of record as of November 8, 2024. The company also provided notice regarding withholding requirements for non-U.S. investors, stating that 100% of distributions are subject to federal income tax withholding at the highest applicable effective tax rate plus 10%.
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