Welcome to our dedicated page for Global Partners Lp news (Ticker: GLP), a resource for investors and traders seeking the latest updates and insights on Global Partners Lp stock.
Global Partners LP (GLP) News provides investors and industry professionals with centralized access to all official press releases and market-moving developments for this leading energy logistics partnership. Track material updates across GLP's diversified operations including terminal network expansions, wholesale fuel distribution agreements, and renewable energy initiatives.
This resource delivers timely updates on quarterly earnings, strategic acquisitions, and infrastructure investments while maintaining strict compliance with financial disclosure standards. Users gain critical insights into GLP's petroleum product distribution, rail logistics operations, and convenience retail network through primary source documents.
Key updates include regulatory filings, partnership announcements, and operational milestones across GLP's integrated energy value chain. Bookmark this page for direct access to unfiltered information on storage capacity changes, sustainability initiatives, and leadership updates from the MLP's corporate communications.
Global Partners LP (NYSE: GLP) has announced the availability of its 2023 Schedule K-3, which contains information on items of international tax relevance. Unitholders can access their Schedule K-3 online at www.taxpackagesupport.com/globalpartners. This information is primarily relevant for foreign unitholders, those computing foreign tax credits, and certain corporate or partnership unitholders. The Partnership advises unitholders to review the information and consult with their tax advisors if necessary. Global Partners LP will not be mailing physical copies of the Schedule K-3 to investors. However, unitholders can request an electronic copy via email by calling Tax Package Support at (866) 867-4075 on weekdays between 8 a.m. and 5 p.m. CT.
Global Partners LP (NYSE: GLP) reported strong Q2 2024 financial results, with growth across all key metrics. Net income rose to $46.1 million ($1.10 per diluted unit), up from $41.4 million in Q2 2023. EBITDA increased to $118.8 million from $90.7 million, while Adjusted EBITDA reached $121.1 million, up from $90.4 million. The company's strategic acquisitions expanded its Wholesale segment, doubling storage capacity to 21.4 million barrels. Gross profit grew to $287.9 million, with combined product margin rising to $319.6 million. The GDSO segment saw product margin increase to $221.5 million, while Wholesale segment margin grew to $91.9 million. Total sales reached $4.4 billion, with total volume at 1.6 billion gallons.
Global Partners LP (NYSE: GLP) has announced a cash distribution of $0.7200 per unit for the second quarter of 2024, equivalent to $2.88 per unit on an annualized basis. The distribution will be paid on August 14, 2024 to unitholders of record as of August 8, 2024. The company also provided a qualified notice to brokers and nominees regarding withholding information for non-U.S. investors. 100% of Global Partners LP's distributions to non-U.S. investors are considered attributable to income effectively connected with a U.S. trade or business and subject to federal income tax withholding at the highest applicable effective tax rate plus 10%.
Global Partners LP (NYSE: GLP) has announced its upcoming second-quarter 2024 financial results conference call, scheduled for August 7, 2024. The company will release its financial results before the market opens on that day. At 10:00 a.m. ET, the Partnership will host a conference call for investors and analysts, featuring key executives including Eric Slifka (President and CEO), Gregory B. Hanson (CFO), and Mark Romaine (COO).
Interested parties can access the call by dialing (877) 709-8155 (U.S. and Canada) or (201) 689-8881 (International). For those unable to attend live, an audio replay will be available on the Global Partners website in the 'Events & Presentations' section of the 'Investors' page at https://ir.globalp.com.
Global Partners LP (NYSE: GLP) has announced a quarterly cash distribution of $0.59375 per unit ($2.375 per unit annualized) on its 9.50% fixed-rate Series B preferred units. This distribution covers the period from May 15, 2024, through August 14, 2024, and will be paid on August 15, 2024, to Series B preferred unitholders of record as of August 1, 2024.
The company also provided a qualified notice to brokers and nominees regarding withholding requirements for non-U.S. investors. 100% of Global Partners LP's distributions to non-U.S. investors are considered attributable to income effectively connected with a U.S. trade or business and subject to federal income tax withholding at the highest applicable effective tax rate plus 10%.
Global Partners LP (NYSE: GLP) reported financial results for the first quarter of 2024, highlighting strong performance in the Gasoline Distribution and Station Operations segment. The Wholesale segment faced challenges due to mark-to-market valuations but recovered in April. The company successfully integrated acquired assets and closed a significant acquisition. Despite a net loss of $5.6 million, the company remains optimistic about growth opportunities.
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