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 (GLP) News provides investors and industry professionals with centralized access to all official press releases and market-moving developments for this leading energy logistics partnership. Track material updates across GLP's diversified operations including terminal network expansions, wholesale fuel distribution agreements, and renewable energy initiatives.
This resource delivers timely updates on quarterly earnings, strategic acquisitions, and infrastructure investments while maintaining strict compliance with financial disclosure standards. Users gain critical insights into GLP's petroleum product distribution, rail logistics operations, and convenience retail network through primary source documents.
Key updates include regulatory filings, partnership announcements, and operational milestones across GLP's integrated energy value chain. Bookmark this page for direct access to unfiltered information on storage capacity changes, sustainability initiatives, and leadership updates from the MLP's corporate communications.
Global Partners LP (NYSE: GLP) has announced a quarterly cash distribution of $0.59375 per unit ($2.375 per unit annualized) on its 9.50% fixed-rate Series B preferred units. This distribution covers the period from May 15, 2024, through August 14, 2024, and will be paid on August 15, 2024, to Series B preferred unitholders of record as of August 1, 2024.
The company also provided a qualified notice to brokers and nominees regarding withholding requirements for non-U.S. investors. 100% of Global Partners LP's distributions to non-U.S. investors are considered attributable to income effectively connected with a U.S. trade or business and subject to federal income tax withholding at the highest applicable effective tax rate plus 10%.
Global Partners LP (NYSE: GLP) reported financial results for the first quarter of 2024, highlighting strong performance in the Gasoline Distribution and Station Operations segment. The Wholesale segment faced challenges due to mark-to-market valuations but recovered in April. The company successfully integrated acquired assets and closed a significant acquisition. Despite a net loss of $5.6 million, the company remains optimistic about growth opportunities.
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