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Global Partners LP (GLP)

NYSE: GLP · Delayed Price · USD
20.06 -0.05 (-0.25%)
Sep 21, 2021 3:54 PM EDT - Market open
Market Cap705.75M
Revenue (ttm)10.09B
Net Income (ttm)19.41M
Shares Out33.94M
EPS (ttm)0.56
PE Ratio35.63
Forward PEn/a
Dividend$2.20 (10.97%)
Ex-Dividend DateAug 6, 2021
Volume49,034
Open20.37
Previous Close20.11
Day's Range20.06 - 20.41
52-Week Range10.94 - 26.88
Beta1.41
AnalystsSell
Price Target22.00 (+9.7%)
Est. Earnings DateNov 4, 2021

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 and New York. The company 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. Its Wholesale segment sells home heating oil, branded and unbranded gaso...

IndustryOil, Gas & Consumable Fuels
IPO DateSep 29, 2005
CEOEric Slifka
Employees2,375
Stock ExchangeNYSE
Ticker SymbolGLP
Full Company Profile

Financial Performance

In 2020, GLP's revenue was $8.32 billion, a decrease of -36.39% compared to the previous year's $13.08 billion. Earnings were $102.21 million, an increase of 184.97%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for GLP stock is "Sell." The 12-month stock price forecast is 22.00, which is an increase of 9.67% from the latest price.

Price Target
$22.00
(9.67% upside)
Analyst Consensus: Sell

News

Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® MLP Market Cap Index

DALLAS, Sept. 10, 2021 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® MLP Market Cap Index (the "Index") as part of norma...

Other symbols:ARLP
1 week ago - PRNewsWire

Global Partners Reports Second-Quarter 2021 Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today reported financial results for the second quarter ended June 30, 2021. “Increased activity at our gasoline stations and convenience ...

1 month ago - Business Wire

Global Partners Declares Second-Quarter 2021 Cash Distribution of $0.5750 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 quarterly cash distribution of $0.5750 p...

1 month ago - Business Wire

Global Partners LP to Host Second-Quarter 2021 Financial Results Conference Call on August 6, 2021

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced that it will release its second-quarter 2021 financial results before the market opens on Friday, Aug 6, 2021, and host a ...

1 month ago - Business Wire

These 4 Refining & Marketing MLP Stocks Are Worth a Closer Look

The Zacks Oil and Gas - Refining & Marketing MLP operators like TRGP, SUN, GLP and NGL are well positioned to capitalize on stabilized production and rebounding energy demand.

Other symbols:NGLSUNTRGP
1 month ago - Zacks Investment Research

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 d...

2 months ago - Business Wire

5 Energy Stocks Trading With Low Price-Sales Ratio

According to the GuruFocus All-In-One Screener, a Premium feature, the following energy companies were trading with low price-sales ratios as of June 10.

Other symbols:NOAREXTGSVTNR
3 months ago - GuruFocus

Global Partners Mourns the Loss of Executive Vice President and General Counsel Edward J. Faneuil

WALTHAM, Mass.--(BUSINESS WIRE)--It is with profound sadness that Global Partners LP (NYSE: GLP) today announced that Edward J. Faneuil, the Partnership's Executive Vice President, General Counsel and S...

4 months ago - Business Wire

Global Partners Reports First-Quarter 2021 Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP), today reported financial results for the first quarter ended March 31, 2021. “With more than one-third of the U.S. now fully vaccinated a...

4 months ago - Business Wire

Is Global Partners LP (GLP) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

4 months ago - Zacks Investment Research

Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® MLP Market Cap Index

DALLAS, April 30, 2021 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing ® MLP Market Cap Index (the "Index")....

Other symbols:ENBLET
4 months ago - PRNewsWire

Global Partners Declares Increased Cash Distribution on Common Units for the First Quarter of 2021

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has increased its quarterly cash distribution by $0.025...

4 months ago - Business Wire

Global Partners LP to Host First-Quarter 2021 Financial Results Conference Call on May 7, 2021

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced that it will release its first-quarter 2021 financial results before the market opens on Friday, May 7, 2021, and host a c...

4 months ago - Business Wire

Why You Should Add Global Partners (GLP) to Your Portfolio

Global Partners' (GLP) liquidity position and earnings growth projections make it an attractive choice at the moment.

5 months ago - Zacks Investment Research

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

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE:GLP) announced today that the Board of Directors (the “Board”) of its general partner, Global GP LLC, has declared a cash distribution of $0.609...

5 months ago - Business Wire

Top Ranked Income Stocks to Buy for April 13th

Top Ranked Income Stocks to Buy for April 13th

Other symbols:ALLYCMCFRG
5 months ago - Zacks Investment Research

Is Global Partners (GLP) Outperforming Other Oils-Energy Stocks This Year?

Is (GLP) Outperforming Other Oils-Energy Stocks This Year?

5 months ago - Zacks Investment Research

Is Global Partners (GLP) Stock Outpacing Its Oils-Energy Peers This Year?

Is (GLP) Outperforming Other Oils-Energy Stocks This Year?

5 months ago - Zacks Investment Research

Global Partners LP Prices Public Offering of Series B Preferred Units

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE:GLP) (“Global” or the “Partnership”) today announced that it has priced an offering of 3,000,000 of its 9.50% Series B Fixed Rate Cumulative Red...

6 months ago - Business Wire

4 Refining & Marketing MLP Stocks to Withstand Industry Headwinds

4 Refining & Marketing MLP Stocks to Withstand Industry Headwinds

Other symbols:CAPLSPHSUN
6 months ago - Zacks Investment Research

Global Partners LP Announces Public Offering of Series B Preferred Units

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE:GLP) (“Global” or the “Partnership”) today announced that it has commenced a public offering, subject to market and other conditions, of Series ...

6 months ago - Business Wire

Top Ranked Income Stocks to Buy for March 15th

Top Ranked Income Stocks to Buy for March 15th

Other symbols:CVXRIOXOM
6 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for March 11th

Top Ranked Income Stocks to Buy for March 11th

Other symbols:BBLRIOXOM
6 months ago - Zacks Investment Research

Global Partners Announces Chief Financial Officer Succession

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced that Daphne H. Foster has notified the Board of Directors that she plans to retire as Chief Financial Officer and step dow...

6 months ago - Business Wire

Global Partners LP Files 2020 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, 2020 was filed with the U.S. Securities and Exchange C...

6 months ago - Business Wire