Global Partners Lp Stock Price, News & Analysis

Global Partners LP (NYSE: GLP) will announce its Q2 2022 financial results before market opening on August 5, 2022. A conference call will follow at 10:00 a.m. ET, featuring Eric Slifka (CEO), Gregory B. Hanson (CFO), and Mark Romaine (COO). Investors can listen to the call by dialing (877) 709-8155 (U.S. and Canada) or (201) 689-8881 (International). The call will also be available for replay on Global Partners' website under the “Events & Presentations” section.

Global Partners LP (NYSE: GLP) declared a cash distribution of $0.609375 per unit ($2.4375 annualized) for its Series A preferred units and $0.59375 per unit ($2.375 annualized) for its Series B preferred units. Both distributions cover the period from May 15, 2022 to August 14, 2022 and will be payable on August 15, 2022 to holders of record as of the opening of business on August 1, 2022. The release provides essential non-U.S. withholding tax information applicable to these distributions.

Global Partners LP (NYSE: GLP) reported a strong first quarter for 2022, with net income of $30.5 million or $0.76 per diluted unit, reversing a net loss of $4.3 million in Q1 2021. EBITDA rose to $79.8 million from $40.9 million a year ago. Significant growth in product margin was seen across segments, particularly a 33% increase in Gasoline Distribution and Station Operations, driven by recent acquisitions. Total sales jumped to $4.5 billion, compared to $2.6 billion in the prior year. A cash distribution of $0.5950 per unit is scheduled for May 13, 2022.

Global Partners LP (NYSE: GLP) announced a quarterly cash distribution of $0.5950 per unit for the period from January 1 to March 31, 2022, equating to an annualized rate of $2.38 per unit. This distribution will be paid on May 13, 2022 to unitholders of record as of May 9, 2022. The announcement indicates a stable cash return to investors amidst ongoing operations in a competitive market.

Global Partners LP (NYSE: GLP) is set to release its first-quarter 2022 financial results before markets open on May 6, 2022. A conference call will follow at 10:00 a.m. ET, hosted by key executives including President and CEO Eric Slifka and CFO Gregory B. Hanson. Interested parties can join the call by dialing (877) 709-8155 for U.S. participants or (201) 689-8881 internationally. The call will also be available for replay on the Global Partners website.

Global Partners LP (NYSE: GLP) announced a cash distribution for Series A and Series B preferred units. Series A will yield $0.609375 per unit ($2.4375 annualized) from February 15 to May 14, 2022, payable on May 16, 2022. Series B will yield $0.59375 per unit ($2.375 annualized) for the same period, also payable on May 16, 2022. This release provides guidance for non-U.S. investors, indicating that distributions are subject to federal income tax withholding at the highest effective rate.

Global Partners LP (NYSE: GLP) has appointed Sean T. Geary as Chief Legal Officer effective March 1, 2022. Geary, a 16-year veteran at Global, previously served as Acting General Counsel following the passing of the former General Counsel in May 2021. His experience includes Vice President of Mergers & Acquisitions. CEO Eric Slifka praised Geary's leadership and negotiation skills, stating his role has been crucial to the company’s acquisition and growth strategies. Global Partners operates around 1,700 locations in the Northeast and has extensive terminal networks for distributing fuels.

Global Partners LP (NYSE: GLP) has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2021, with the U.S. SEC on February 28, 2022. The report is accessible for viewing or download on the company's website and the SEC's site. Global Partners operates approximately 1,700 gasoline stations and convenience stores mainly in the Northeast and possesses one of the largest terminal networks in New England and New York for petroleum product distribution.

Global Partners LP (NYSE: GLP) reported strong Q4 and full-year 2021 results, driven by its Gasoline Distribution and Station Operations segment. Net income surged to $19.3 million, or $0.44 per unit, from $4.4 million a year prior. EBITDA grew to $65.7 million, and distributable cash flow (DCF) increased to $30.5 million. Total sales reached $4.1 billion, a significant rise from $2.2 billion in Q4 2020. The company executed several strategic acquisitions and plans to close a terminal sale, enhancing operational efficiencies and cash flow. A quarterly cash distribution of $0.5850 per unit was also announced.