Global Partners Lp Stock Price, News & Analysis

Global Partners LP (NYSE: GLP) has declared a quarterly cash distribution of $0.7500 per unit for Q2 2025, equivalent to $3.00 per unit annually. The distribution covers the period from April 1, 2025, through June 30, 2025.

The payment will be made on August 14, 2025, to unitholders of record as of August 8, 2025. The announcement includes important tax withholding information for brokers and nominees handling GLP units for non-U.S. investors, with 100% of distributions subject to U.S. trade or business income tax withholding.

Global Partners LP (NYSE: GLP) has scheduled its second-quarter 2025 financial results release and conference call. The company will release its Q2 2025 results before market opening on Thursday, August 7, 2025.

The conference call will be held at 10:00 a.m. ET and will feature key executives including CEO Eric Slifka, CFO Gregory B. Hanson, and COO Mark Romaine. Investors can join via phone using the numbers (866) 682-6100 (U.S./Canada) or (862) 298-0702 (International). A replay will be available in the "Events & Presentations" section of Global Partners' investor relations website.

Global Partners LP (NYSE: GLP) has declared a quarterly cash distribution of $0.59375 per unit ($2.375 per unit annualized) on its 9.50% fixed-rate Series B preferred units. The distribution covers the period from May 15, 2025 through August 14, 2025 and will be paid on August 15, 2025 to Series B preferred unitholders of record as of August 1, 2025.

The announcement includes important tax withholding information for non-U.S. investors, noting that 100% of distributions are subject to U.S. federal income tax withholding at the highest applicable effective tax rate plus 10%.

Global Partners LP announced the completion of its cash tender offer for its 7.00% Senior Notes due 2027. The tender offer, which expired on June 16, 2025, resulted in $360,316,000 (90.08%) of the $400 million outstanding notes being validly tendered. The company will purchase the tendered notes at $1,002.94 per $1,000 principal amount, with payment expected on June 23, 2025. The purchase will be funded using proceeds from a new issuance of $450 million 7.125% senior unsecured notes due 2033. Global Partners plans to redeem any remaining untendered notes around August 1, 2025, at 100% of principal amount plus accrued interest.

Global Partners LP (NYSE: GLP) announced pricing terms for its cash tender offer to purchase all outstanding 7.00% Senior Notes due 2027. The purchase price is set at $1,002.94 per $1,000 principal amount of notes, with $400 million total outstanding. The offer expires on June 16, 2025, at 5:00 p.m. NYC time. Holders will receive the purchase price plus accrued interest, with settlement expected on June 23, 2025. The tender offer is contingent on completing a contemporaneous senior notes offering. Global Partners plans to redeem any remaining outstanding notes around August 1, 2025, if the tender offer doesn't result in full purchase. J.P. Morgan Securities LLC serves as the exclusive dealer manager.

Global Partners LP (NYSE: GLP) has priced an upsized private offering of $450 million in 7.125% senior unsecured notes due 2033. The notes will be co-issued by GLP Finance Corp. and guaranteed by certain Global subsidiaries, with the sale expected to close around June 23, 2025. The notes will be issued at par, with proceeds intended to fund the purchase of $400 million of existing 7.00% senior notes due 2027 through a cash tender offer and repay a portion of credit agreement borrowings. Any remaining proceeds will be used to redeem outstanding 2027 notes around August 1, 2025. The offering is limited to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.

Global Partners LP (NYSE: GLP) has launched a cash tender offer to purchase all outstanding 7.00% Senior Notes due 2027, totaling $400 million. The offer expires on June 16, 2025, at 5:00 p.m. NYC time. The Purchase Price will be determined based on U.S. Treasury yields plus a fixed spread, with settlement expected on June 23, 2025. The tender offer is contingent on completing a new senior notes offering. Global Partners plans to redeem any remaining notes not tendered around August 1, 2025. J.P. Morgan Securities LLC serves as the exclusive dealer manager, while D.F. King & Co. acts as the tender and information agent.

Global Partners LP (NYSE: GLP) announced a private offering of $400 million senior unsecured notes due 2033. The notes will be co-issued by GLP Finance Corp. and guaranteed by certain Global subsidiaries. The company plans to use the proceeds, along with cash if needed, to purchase its outstanding $400 million 7.00% senior notes due 2027 through a cash tender offer. If the tender offer is not fully subscribed, Global intends to use remaining proceeds to redeem any outstanding 2027 notes around August 1, 2025. The offering is limited to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.

Global Partners LP (NYSE: GLP) reported strong Q1 2025 financial results, with net income of $18.7 million ($0.36 per unit), compared to a net loss of $5.6 million in Q1 2024. The company's EBITDA increased to $91.9 million from $56.9 million year-over-year. Total sales reached $4.6 billion, up from $4.1 billion in Q1 2024. The Wholesale segment performed well due to terminal assets integration and favorable market conditions, while the Gasoline Distribution business benefited from healthy fuel margins. The company announced a quarterly cash distribution of $0.7450 per unit. Key metrics showed improvement across segments, with combined product margin increasing to $288.6 million from $244.1 million, and total volume rising to 1.9 billion gallons from 1.6 billion gallons in the same period last year.