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 cash distribution of $0.7200 per unit for the second quarter of 2024, equivalent to $2.88 per unit on an annualized basis. The distribution will be paid on August 14, 2024 to unitholders of record as of August 8, 2024. The company also provided a qualified notice to brokers and nominees regarding withholding information 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) has announced its upcoming second-quarter 2024 financial results conference call, scheduled for August 7, 2024. The company will release its financial results before the market opens on that day. At 10:00 a.m. ET, the Partnership will host a conference call for investors and analysts, featuring key executives including Eric Slifka (President and CEO), Gregory B. Hanson (CFO), and Mark Romaine (COO).
Interested parties can access the call by dialing (877) 709-8155 (U.S. and Canada) or (201) 689-8881 (International). For those unable to attend live, an audio replay will be available on the Global Partners website in the 'Events & Presentations' section of the 'Investors' page at https://ir.globalp.com.
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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