Global Partners LP (GLP)

NYSE: GLP · IEX Real-Time Price · USD
46.87
+0.01 (0.02%)
Mar 4, 2024, 4:00 PM EST - Market closed
0.02%
Market Cap 1.58B
Revenue (ttm) 16.49B
Net Income (ttm) 128.04M
Shares Out 34.00M
EPS (ttm) 3.76
PE Ratio 12.47
Forward PE 11.96
Dividend $2.80 (5.97%)
Ex-Dividend Date Feb 7, 2024
Volume 49,110
Open 46.86
Previous Close 46.86
Day's Range 46.47 - 47.25
52-Week Range 27.07 - 48.50
Beta 1.36
Analysts Strong Buy
Price Target 44.00 (-6.12%)
Earnings Date Feb 28, 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 in the New England states, Mid-Atlantic region, and New York. It is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. The company's Wholesale segment sells home heating oil, bra... [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, GLP'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 $44.0.

Price Target
$44.0
(-6.12% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

4 days ago - Business Wire

Global Partners LP Reports Fourth-Quarter and Full-Year 2023 Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today reported financial results for the fourth quarter and full year ended December 31, 2023. CEO Comme...

5 days ago - Business Wire

Global Partners LP to Host Fourth-Quarter and Full-Year 2023 Financial Results Conference Call on February 28, 2024

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that it will release its fourth-quarter and full-year 2023 financial results before the market opens...

19 days ago - Business Wire

Global Partners Declares Fourth-Quarter 2023 Cash Distribution of $0.7000 on Common Units

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $0.7000 per unit ...

5 weeks ago - Business Wire

Global Partners Announces Cash Distributions on Series A and B Preferred Units

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

6 weeks ago - Business Wire

Global Partners LP Announces Pricing of Private Offering of Senior Notes

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global”) today announced that it has priced its previously announced private offering of $450 million in aggregate principal amount of...

2 months ago - Business Wire

Global Partners LP Announces Private Offering of Senior Notes

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global”) today announced that it intends to commence a private offering to eligible purchasers, subject to market and other conditions...

2 months ago - Business Wire

Global Partners LP Completes Acquisition of 25 Liquid Energy Terminals from Motiva Enterprises LLC

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today announced the completion of its previously announced acquisition of 25 liquid energy terminals fro...

2 months ago - Business Wire

Global Partners Reports Third-Quarter 2023 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, 2023. “Our team delivered sol...

4 months ago - Business Wire

Global Partners LP to Acquire 25 Liquid Energy Terminals from Motiva Enterprises LLC

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (“Global”) (NYSE:GLP), an integrated storage, distribution and retail liquid energy company, has entered into an asset purchase agreement with Motiv...

4 months ago - Business Wire

Global Partners LP to Host Third-Quarter 2023 Financial Results Conference Call on November 9, 2023

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that it will release its third-quarter 2023 financial results before the market opens on Thursday, N...

4 months ago - Business Wire

Global Partners Declares Third-Quarter 2023 Cash Distribution of $0.6850 on Common Units

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $0.6850 per unit ...

4 months ago - Business Wire

Global Partners LP Announces Availability of 2022 Schedule K-3

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that its 2022 Schedule K-3 reflecting items of international tax relevance is available online. Unit...

6 months ago - Business Wire

Global Partners Reports Second-Quarter 2023 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, 2023. “We delivered solid second-...

7 months ago - Business Wire

Global Partners Declares Second-Quarter 2023 Cash Distribution of $0.6750 on Common Units

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $0.6750 per unit ...

7 months ago - Business Wire

Global Partners LP to Host Second-Quarter 2023 Financial Results Conference Call on August 4, 2023

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that it will release its second-quarter 2023 financial results before the market opens on Friday, Au...

8 months ago - Business Wire

Global Partners Reports First-Quarter 2023 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, 2023. “The Global team executed w...

10 months ago - Business Wire

Global Partners Declares First-Quarter 2023 Cash Distribution of $0.6550 on Common Units

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $0.6550 per unit ...

11 months ago - Business Wire

Global Partners LP Files 2022 Annual Report on Form 10-K

WALTHAM, Mass.

1 year ago - Business Wire

Global Partners Reports Fourth-Quarter and Full-Year 2022 Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today reported financial results for the fourth quarter and full year ended December 31, 2022.

1 year ago - Business Wire

Global Partners LP to Host Fourth-Quarter and Full-Year 2022 Financial Results Conference Call on February 27, 2023

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that it will release its fourth-quarter and full-year 2022 financial results before the market opens...

1 year ago - Business Wire

Global Partners Declares Fourth-Quarter 2022 Cash Distribution of $1.5725 on Common Units, Comprising the Quarterly Distribution and a One-Time Special Distribution

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $1.5725 per uni...

1 year ago - Business Wire

Global Partners LP Donates $2 Million To Provide Heating Oil for Families in Need Across the Northeast

BOSTON--(BUSINESS WIRE)--As the Northeast faces unprecedented uncertainty and challenges in the energy market, Global Partners LP has donated $2 million to provide heating oil for those in need. The...

1 year ago - Business Wire

Global Partners Reports Third-Quarter 2022 Financial Results

WALTHAM, Mass.

1 year ago - Business Wire