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.
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Global Partners LP (NYSE: GLP) has announced a cash distribution of $0.6550 per unit, amounting to $2.62 annually, for all outstanding common units covering January 1, 2023 to March 31, 2023. This distribution will be paid on May 15, 2023 to unitholders of record by May 9, 2023. The press release also highlights that 100% of GLP’s distributions to non-U.S. investors are subject to federal income tax withholding. Global Partners operates one of the largest networks of gasoline stations and convenience stores in the Northeast, and is engaged in the transportation of petroleum products and renewable fuels.
Global Partners LP (NYSE: GLP) will release its first-quarter 2023 financial results before the market opens on May 5, 2023. A conference call for investors and analysts will be held at 10:00 a.m. ET, featuring President and CEO Eric Slifka, CFO Gregory B. Hanson, and COO Mark Romaine. Investors can access the call via phone or the company’s website. Global Partners operates approximately 1,700 gasoline stations and convenience stores in the Northeast and manages one of the largest terminal networks in New England and New York for distributing fuels. The Partnership focuses on the transportation of petroleum products and renewable fuels by rail from the U.S. and Canada.
Global Partners LP (NYSE: GLP) has announced a cash distribution of $0.609375 per unit for its Series A preferred units for the period from February 15, 2023 to May 14, 2023. This amounts to $2.4375 on an annualized basis and will be payable on May 15, 2023, to holders of record as of May 1, 2023.
Additionally, a cash distribution of $0.59375 per unit will be made on the Series B preferred units for the same period, translating to $2.375 on an annualized basis, also payable on May 15, 2023.
Non-U.S. investors will face federal income tax withholding at the highest applicable rate on these distributions.