Global Partners LP (N:GLP)
Business Focus: Petroleum Product Wholesale
Sunny as of May 01, 2024
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Insider Filings
Latest 10 SEC Form 4 filings for GLP*US within the last 6 months
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Company News
Apr 15, 2024 08:30 ET
Global Partners Announces Cash Distribution on Series B Preferred Units
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 quarterly cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Partnership’s 9.50% fixed-rate Series B preferred units for the period from February 15, 2024 through May 14, 2024. The distribution will be paid on May 15, 2024 to Series B preferred unitholders of record as of the opening of business on May 1, 2024.
Apr 09, 2024 16:05 ET
Global Partners LP Completes Acquisition of Four Liquid Energy Terminals from Gulf Oil
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 Limited Partnership (“Gulf Oil”). The terminals are strategically located in Chelsea, MA, New Haven, CT, Linden, NJ, and Woodbury, NJ, and will further enhance Global’s position in the energy economy of the Northeast.
Valuation Ratios
Industry
Sector
Beta
1.32
--
--
Price to Sales - TTM
0.09
0.06
1.75
Price to Book - most recent quarter
2.38
1.31
1.52
Price to Cash Flow per share - TTM
6.76
6.52
6.38
Price to Free Cash Flow per share - TTM
10.40
32.58
17.26
Business Summary
| Sector: Energy | Industry: Oil & Gas Refining and Marketing |
Global Partners LP owns, controls, or has access to terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, New Hampshire, Rhode Island, New York, New Jersey and Pennsylvania. Its segments include Wholesale, Gasoline Distribution and Station Operations (GDSO) and Commercial. Wholesale segment engages in the logistics of selling, gathering, blending, storing and transporting refined petroleum products, gasoline blendstocks, renewable fuels, crude oil and propane. In GDSO segment, gasoline distribution includes sales of branded and unbranded gasoline to gasoline station operators and sub-jobbers. Station operations include convenience store sales, rental income from gasoline stations leased to dealers and sundries. Commercial segment includes sales and deliveries to end user customers in the public sector and to commercial and industrial end users of unbranded gasoline, home heating oil, kerosene, residual oil and bunker fuel.
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