Global Partners LP (GLP)

NYSE: GLP · Real-Time Price · USD
50.56
-1.39 (-2.68%)
Nov 20, 2024, 4:00 PM EST - Market closed
-2.68%
Market Cap 1.72B
Revenue (ttm) 17.39B
Net Income (ttm) 113.12M
Shares Out 33.96M
EPS (ttm) 3.31
PE Ratio 15.29
Forward PE 22.47
Dividend $2.92 (5.78%)
Ex-Dividend Date Nov 8, 2024
Volume 69,222
Open 52.00
Previous Close 51.95
Day's Range 50.49 - 52.00
52-Week Range 33.38 - 52.00
Beta 1.37
Analysts Strong Buy
Price Target 54.00 (+6.8%)
Earnings Date Nov 8, 2024

About GLP

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial. The Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, and residual oil to home heating oil and ... [Read more]

Sector Energy
IPO Date Sep 29, 2005
Employees 5,060
Stock Exchange NYSE
Ticker Symbol GLP
Full Company Profile

Financial Performance

In 2023, Global Partners LP's revenue was $16.49 billion, a decrease of -12.64% compared to the previous year's $18.88 billion. Earnings were $128.04 million, a decrease of -62.48%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for GLP stock is "Strong Buy" and the 12-month stock price forecast is $54.0.

Price Target
$54.0
(6.80% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Global Partners LP Common Units (GLP) Q3 2024 Earnings Call Transcript

Global Partners LP Common Units (NYSE:GLP) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Eric Slifka - President & CEO Gregory Hanson - CFO Mark Romaine - COO Sea...

12 days ago - Seeking Alpha

Global Partners Reports Third-Quarter 2024 Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today reported financial results for the third quarter ended September 30, 2024. CEO Commentary “Global'...

12 days ago - Business Wire

Global Partners LP Completes Acquisition of East Providence Liquid Energy Terminal

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE:GLP) (“Global” or the “Partnership”) announced today that it has successfully completed the acquisition of a liquid energy terminal in East Pr...

19 days ago - Business Wire

Global Partners LP to Host Third-Quarter 2024 Financial Results Conference Call on November 8, 2024

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that it will release its third-quarter 2024 financial results before the market opens on Friday, Nov...

27 days ago - Business Wire

Global Partners Declares Third-Quarter 2024 Cash Distribution of $0.7300 on Common Units

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution ...

4 weeks ago - Business Wire

Global Partners Announces Cash Distribution on Series B Preferred Units

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that the Board of Directors (the “Board”) of its general partner, Global GP LLC, has declared a quar...

5 weeks ago - Business Wire

Midstream Energy - Relative Quality

Many midstream energy companies pay stable, well-supported distributions or dividends with yields well over 5%. The relative quality of twenty-nine midstream energy companies was evaluated by means of...

Other symbols: AMCAPLCQPDKLDTMENBENLC
6 weeks ago - Seeking Alpha

Global Partners LP Announces Availability of 2023 Schedule K-3

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that its 2023 Schedule K-3 reflecting items of international tax relevance is available online. Unit...

3 months ago - Business Wire

Global Partners LP Common Units (GLP) Q2 2024 Earnings Call Transcript

Global Partners LP Common Units (NYSE:GLP) Q2 2024 Results Conference Call August 7, 2024 10:00 AM ET Company Participants Sean Geary - CLO & Secretary Eric Slifka - President & CEO Gregory Hanson - ...

3 months ago - Seeking Alpha

Global Partners Reports Second-Quarter 2024 Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today reported financial results for the second quarter ended June 30, 2024. CEO Commentary “Global Part...

3 months ago - Business Wire

GLP: Attractive Yield And Business If Traditional Energy Production Increases

The 2024 U.S. election will impact oil and gasoline prices, affecting economic conditions and inflation. Global Partners LP focuses on traditional hydrocarbons, but has initiatives for low carbon solu...

4 months ago - Seeking Alpha

Global Partners Declares Second-Quarter 2024 Cash Distribution of $0.7200 on Common Units

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution ...

4 months ago - Business Wire

Global Partners LP to Host Second-Quarter 2024 Financial Results Conference Call on August 7, 2024

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that it will release its second-quarter 2024 financial results before the market opens on Wednesday,...

4 months ago - Business Wire

Global Partners LP Common Units (GLP) Q1 2024 Earnings Call Transcript

Global Partners LP Common Units (NYSE:GLP) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Sean Geary - CLO & Secretary Eric Slifka - President & CEO Gregory Hanson - CF...

7 months ago - Seeking Alpha

Global Partners LP Reports First-Quarter 2024 Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today reported financial results for the first quarter ended March 31, 2024. CEO Commentary Eric Slifka,...

7 months ago - Business Wire

Global Partners Declares First-Quarter 2024 Cash Distribution of $0.7100 on Common Units

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution ...

7 months ago - Business Wire

Global Partners LP to Host First-Quarter 2024 Financial Results Conference Call on May 8, 2024

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that it will release its first-quarter 2024 financial results before the market opens on Wednesday, ...

7 months ago - Business Wire

Global Partners LP Completes Acquisition of Four Liquid Energy Terminals from Gulf Oil

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) announced today the successful closing of its acquisition of four liquid energy terminals from Gulf Oil ...

8 months ago - Business Wire

Global Partners LP: 9 Straight Dividend Hikes, 6%-Plus Yield

Global Partners LP offers high-yield investments, including preferred shares and senior notes, with attractive returns for investors. GLP is a major player in fuel distribution in the Northeastern US,...

8 months ago - Seeking Alpha

GLP.PR.B: Buy The Only Remaining Preferred Shares From Global Partners

Global Partners is a U.S. MLP that operates gasoline stations and convenience stores in the Northeast. GLP's common shares have seen a significant increase in value due to better profitability and exp...

8 months ago - Seeking Alpha

Global Partners LP Announces Full Redemption of Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global”) today announced that it intends to redeem all $69,000,000 of its 2,760,000 issued and outstanding Series A Fixed-to-Floating ...

8 months ago - Business Wire

Global Partners Unveils New Brand Identity with Focus on Commitment to Innovation and the Energy Transition

WALTHAM, Mass.--(BUSINESS WIRE)--Building on the legacy of its predecessors founded more than 90 years ago, Global Partners LP (NYSE: GLP) (“Global”) continues its evolution as an industry-leading ene...

9 months ago - Business Wire

Global Partners LP Provides Update on Expected Availability of 2023 Tax Packages

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today provided an update on the expected availability of the Partnership's 2023 tax packages, which incl...

9 months ago - Business Wire

Global Partners LP Files 2023 Annual Report on Form 10-K

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced that its Annual Report on Form 10-K for the year ended December 31, 2023, was filed with the U.S. Securities and Exchang...

9 months ago - Business Wire

Global Partners LP. (GLP) Q4 2023 Earnings Call Transcript

Global Partners LP. (GLP) Q4 2023 Earnings Call Transcript

9 months ago - Seeking Alpha