Global Partners LP (GLP)

Over the past six months, Global Partners LP (GLP) stock has declined by approximately 11.89%, with a 52-week range between $39.58 and $56.59. Recent events include the filing of the 2025 Annual Report on Form 10-K and reporting its Fourth-Quarter and Full-Year 2025 Financial Results, declaration of a fourth-quarter 2025 cash distribution of $0.7600 on common units, announcement of a cash distribution on Series B Preferred Units, and trimming of holdings by the Chief Operating Officer. Despite missing market estimates for Q4 2025, the company's distributable cash flow remained solid, and it announced aggressive CAPEX plans for 2026. S&P Global Ratings affirmed its 'B+' issuer credit rating and positive outlook on Global Partners.

Global Partners LP's products and services are subject to demand seasonality, with gasoline demand higher during the second and third quarters and heating oil demand peaking in the first and fourth quarters. The company anticipates fluctuations in quarterly operating results due to these seasonal demand variations. While the GDSO segment experiences seasonal volatility, Global Partners aims to offset this with higher-margin revenue from its terminal operations. The long-term outlook for gasoline demand faces headwinds from the increasing adoption of electric vehicles.

Global Partners LP is a midstream logistics and marketing company in the energy sector, specifically the Oil & Gas Midstream industry, that purchases, sells, stores, and transports petroleum and related products. Its major products include gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas, and propane. The company operates through Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial segments, with GDSO being the largest revenue generator.

Global Partners LP has an extensive geographic footprint across the United States and Eastern Canada. It operates or maintains dedicated storage at 54 liquid energy terminals with connectivity to strategic rail, pipeline, and marine assets, spanning from Maine to Florida and into the U.S. Gulf States. Additionally, it owns, operates, and/or supplies over 1,700 retail locations throughout the Northeast states, the Mid-Atlantic, and Texas.

Global Partners LP has maintained a positive brand reputation, being recognized for its operational strength and strategic growth. It was named to Fortune's 2026 List of World's Most Admired Companies for the third consecutive year and recognized on the Boston Globe's Fastest-Growing Companies List for the second consecutive year. S&P Global Ratings affirmed a 'B+' rating with a positive outlook. The company has been actively expanding its asset base through strategic acquisitions and unveiled a new brand identity focusing on innovation and the energy transition.

Global Partners LP's ownership includes institutional, insider, and retail investors. Institutional investors hold approximately 35.58% to 61.69% of the stock, with major shareholders including Alps Advisors Inc., Invesco Ltd., and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Insiders hold around 12.32% to 41.89% of the stock, with key individual owners from the Slifka family, including Eric Slifka (CEO) and Richard Slifka (Chairman), as well as Montello Oil Corp and the A. Slifka 1990 Trust Under Article II-A.