a publicly traded master limited partnership, global is a midstream logistics and marketing company that owns, controls, or has access to one of the largest terminal networks of petroleum products and renewable fuels in the northeast. global also is one of the largest distributors of gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers in new england and new york. the partnership is a leader in the transportation of crude oil and other products by rail across its “virtual pipeline” from the mid-continental u.s. and canada to the east and west coasts for distribution to refiners and others. with nearly 1,600 locations, primarily in the northeast, global also is one of the largest independent owners, suppliers and operators of gasoline stations and convenience stores. global’s convenience stores are comprised of: alltown, mr. mike's, xtramart, on the run and fast freddie's. global is no. 180 in the fortune 500 list of america’s larges
Company profile
Ticker
GLP, GLP-PA, GLP-PB
Exchange
Website
CEO
Eric Slifka
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Alliance Energy LLC • Basin Transload, LLC • Cascade Kelly Holdings LLC • Drake Petroleum Company, Inc. • Global Companies LLC • Global Montello Group Corp. • Global Operating LLC • Global Terminal Holdings LLC • GLP Finance Corp. • SPR Operator LLC ...
IRS number
743140887
GLP stock data
Latest filings (excl ownership)
25-NSE
Exchange delisting
15 Apr 24
8-K
Global Partners Announces Cash Distribution on Series B Preferred Units
15 Apr 24
8-K
Other Events
15 Mar 24
S-3ASR
Automatic shelf registration
1 Mar 24
8-K/A
Global Partners LP
28 Feb 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
Global Partners LP Reports Fourth-Quarter and Full-Year 2023 Financial Results
28 Feb 24
8-K
Entry into a Material Definitive Agreement
28 Feb 24
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
8 Feb 24
8-K
Regulation FD Disclosure
24 Jan 24
Transcripts
GLP
Earnings call transcript
2023 Q4
28 Feb 24
GLP
Earnings call transcript
2023 Q3
9 Nov 23
GLP
Earnings call transcript
2023 Q2
4 Aug 23
GLP
Earnings call transcript
2023 Q2
4 Aug 23
GLP
Earnings call transcript
2023 Q1
5 May 23
GLP
Earnings call transcript
2023 Q1
5 May 23
GLP
Earnings call transcript
2022 Q4
27 Feb 23
GLP
Earnings call transcript
2022 Q3
4 Nov 22
GLP
Earnings call transcript
2022 Q2
5 Aug 22
GLP
Earnings call transcript
2022 Q1
6 May 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 11.30 mm | 11.30 mm | 11.30 mm | 11.30 mm | 11.30 mm | 11.30 mm |
Cash burn (monthly) | (no burn) | 349.00 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 2.39 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 8.91 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 25.5 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
23.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 20 |
Opened positions | 5 |
Closed positions | 9 |
Increased positions | 2 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 14.97 bn |
Total shares | 7.96 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Alps Advisors | 4.43 mm | $0.00 |
IVZ Invesco | 3.16 mm | $133.90 mm |
BNP Paribas Arbitrage | 149.06 k | $6.31 bn |
GS Goldman Sachs | 60.34 k | $2.55 bn |
Bramshill Investments | 36.61 k | $1.55 bn |
Tortoise Index Solutions | 36.40 k | $1.54 bn |
Tortoise Capital Advisors, L.L.C. | 35.93 k | $1.52 bn |
Raymond James Trust N.a. | 12.70 k | $537.34 mm |
Adams Asset Advisors | 9.86 k | $417.18 mm |
Tradition Wealth Management | 8.00 k | $338.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Mar 24 | Gregory B. Hanson | Phantom Units Common Units representing limited partner interests | Grant | Acquire A | No | No | 0 | 6,680 | 0.00 | 50,407 |
25 Mar 24 | Gregory B. Hanson | Phantom Units Common units representing limited partner interests | Grant | Acquire A | No | No | 0 | 19,841 | 0.00 | 43,727 |
25 Mar 24 | Mark Romaine | Phantom Units Common Units representing limited partner interests | Grant | Acquire A | No | No | 0 | 11,161 | 0.00 | 90,691 |
25 Mar 24 | Mark Romaine | Phantom Units Common units representing limited partner interests | Grant | Acquire A | No | No | 0 | 20,943 | 0.00 | 79,530 |
25 Mar 24 | Matthew Spencer | Phantom Units Common Units representing limited partner interests | Grant | Acquire A | No | No | 0 | 4,034 | 0.00 | 23,899 |
25 Mar 24 | Matthew Spencer | Phantom Units Common units representing limited partner interests | Grant | Acquire A | No | No | 0 | 6,614 | 0.00 | 19,865 |
25 Mar 24 | Sean T. Geary | Phantom Units Common Units representing limited partner interests | Grant | Acquire A | No | No | 0 | 5,423 | 0.00 | 36,397 |
25 Mar 24 | Sean T. Geary | Phantom Units Common units representing limited partner interests | Grant | Acquire A | No | No | 0 | 11,408 | 0.00 | 30,974 |
25 Mar 24 | Slifka Eric | Phantom Units Common units representing limited partner interests | Grant | Acquire A | No | No | 0 | 24,802 | 0.00 | 199,071 |
25 Mar 24 | Slifka Eric | Phantom Units Common units representing limited partner interests | Grant | Acquire A | No | No | 0 | 57,870 | 0.00 | 174,269 |
Press releases
Global Partners LP to Host First-Quarter 2024 Financial Results Conference Call on May 8, 2024
24 Apr 24
Global Partners Announces Cash Distribution on Series B Preferred Units
15 Apr 24
Global Partners LP Completes Acquisition of Four Liquid Energy Terminals from Gulf Oil
9 Apr 24
Global Partners LP Announces Full Redemption of Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
15 Mar 24
Global Partners LP Provides Update on Expected Availability of 2023 Tax Packages
8 Mar 24