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 has appointed Jaime Pereira to its Board of Directors, effective October 25, 2021. With over 40 years of experience, including a notable tenure at Ernst & Young, Pereira brings significant expertise in finance and accounting. He will contribute to the audit, compensation, and conflicts committees, leveraging his knowledge gained from advising various public and private companies. This appointment aims to enhance the board's overall skill set and governance, potentially benefiting GLP stakeholders.
Global Partners LP (NYSE: GLP) has declared a quarterly cash distribution of $0.5750 per unit, amounting to $2.30 on an annualized basis, for the period from July 1 to September 30, 2021. This distribution will be paid on November 12, 2021 to unitholders of record as of November 8, 2021. The press release also outlines tax implications for non-U.S. investors, highlighting that distributions will be subject to federal income tax withholding. Global Partners operates over 1,550 locations and has a significant presence in gasoline and convenience store operations in the Northeast.
Global Partners LP (NYSE: GLP) will release its third-quarter 2021 financial results on November 5, 2021, prior to market opening. A conference call for investors and analysts will be held at 10:00 a.m. ET on the same day, with dial-in options available for participants in the U.S., Canada, and internationally. The call will also be webcast live and archived on the Investor Relations section of Global Partners' website. This announcement highlights the company's ongoing communication efforts with stakeholders.
Global Partners LP (NYSE: GLP) declared cash distributions for its Series A and Series B preferred units. The Series A distribution is set at
Cushing Asset Management and Swank Capital announced the rebalancing of The Cushing MLP Market Cap Index, effective September 20, 2021. Following market closure on September 17, Alliance Resource Partners, L.P. (NASDAQ: ARLP) will be added as a constituent, while Global Partners LP (NYSE: GLP) will be removed. The Index tracks midstream energy infrastructure companies and is calculated by S&P Dow Jones Indices. It serves as a benchmark to monitor the performance of master limited partnerships and non-MLP midstream corporations.
Global Partners LP (GLP) reported Q2 2021 financial results with a net income of $12.1 million ($0.23 per unit), down from $76.3 million ($2.17 per unit) in Q2 2020. EBITDA decreased to $58.5 million from $125.7 million year-over-year. The GDSO segment showed growth, with product margin rising to $162.4 million, while the Wholesale segment saw a drop to $33.5 million due to tougher market conditions. Total sales surged to $3.3 billion from $1.5 billion in the previous year. A quarterly cash distribution of $0.5750 per unit is set for August 13, 2021.
Global Partners LP (NYSE: GLP) has announced a quarterly cash distribution of $0.5750 per unit for the period from April 1 to June 30, 2021, amounting to an annualized $2.30 per unit. The payment is scheduled for August 13, 2021, to unitholders on record as of August 9, 2021. The company emphasizes that 100% of distributions to non-U.S. investors will be subject to the highest federal income tax withholding. Global Partners operates approximately 1,550 locations in the Northeast, focusing on gasoline and convenience store operations, with extensive terminal networks for fuel distribution.
Global Partners LP (NYSE: GLP) is set to release its second-quarter 2021 financial results on August 6, 2021, before the market opens. A conference call for investors and analysts will take place at 10:00 a.m. ET. Interested parties can join via dial-in or listen to the live webcast available at the company's Investor Relations page. Global Partners operates approximately 1,550 locations mainly in the Northeast and has a significant terminal network for fuel distribution. This call may provide insights into the company's performance and future outlook.
Global Partners LP (NYSE: GLP) declared cash distributions on its Series A and B preferred units for the period from May 15, 2021, to August 14, 2021. Series A preferred units will receive $0.609375 per unit ($2.4375 annualized) while Series B units will receive $0.59375 per unit ($2.375 annualized). Both distributions are payable on August 16, 2021, to holders of record as of August 2, 2021. Additionally, distributions to non-U.S. investors will be subject to federal income tax withholding at the highest applicable rate.
Global Partners LP (NYSE: GLP) announced the sudden passing of Edward J. Faneuil, its Executive Vice President, General Counsel, and Secretary, who died on May 17, 2021, at the age of 68. Faneuil was a key figure in the company for three decades, instrumental in guiding its legal and regulatory departments and managing its 2005 initial public offering. His leadership and mentorship significantly contributed to the success of Global Partners. The company expressed deep condolences to his family and acknowledges his immense impact on the organization.
