Global Partners

Global Partners LP is an equity in the USA market. The price is 50.21 USD currently with a change of 0.23 USD (0.00%) from the previous close. The latest open price was 48.78 USD and the intraday volume is 80,224. The intraday high is 52.35 USD and the intraday low is 49.03 USD. The latest trade time is Friday, August 8, 23:15:00 UTC.

Global Partners LP is a leading independent owner, supplier, and operator of liquid energy terminals, fueling locations, and retail experiences across the United States. Established in 1933, the company has grown from a single heating oil distributor to a Fortune 500 entity, reflecting its significant impact on the energy sector.

Core Operations and Services

Global Partners engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting a diverse range of petroleum products, including gasoline, diesel, heating oil, kerosene, propane, and renewable fuels.

The company operates through several key segments:

• Wholesale: Sells home heating oil, branded and unbranded gasoline, diesel, kerosene, and residual oil to retailers and wholesale distributors. Manages the transportation of these products via railcars, barges, trucks, and pipelines.
• Gasoline Distribution and Station Operations: Supplies branded and unbranded gasoline to station operators and sub-jobbers. Owns and operates a network of gasoline stations and convenience stores offering services such as car washes, lottery, and ATMs.
• Commercial: Provides energy solutions for businesses, including operational energy and fuel for transportation.

Retail and Convenience Stores

With nearly 1,600 locations primarily in the Northeast, Global Partners is one of the largest independent owners, suppliers, and operators of gasoline stations and convenience stores in the region.

Convenience store brands include:

• Alltown
• Mr. Mike's
• XtraMart
• Jiffy Mart
• Honey Farms
• On the Run
• Fast Freddie's

Terminal Network

Global Partners owns, controls, or has access to one of the largest terminal networks of petroleum products and renewable fuels in the Northeast. This extensive network enables efficient distribution and storage of energy products, ensuring a reliable supply chain for customers.

Geographical Presence

Headquartered in Waltham, Massachusetts, Global Partners operates across various regions in the United States.

Locations include:

• Hampton, VA, USA
• Wilmington, DE, USA
• Bridgeport, CT, USA
• Detroit, MI, USA
• Chester, PA, USA
• Sterling Heights, MI, USA
• Suffolk, VA, USA
• Williston, VT, USA
• Tyler, TX, USA
• Portland, ME, USA
• Hartford, CT, USA
• Manchester, NH, USA
• Springfield, MA, USA
• Burlington, VT, USA
• Lowell, MA, USA
• New Haven, CT, USA
• Worcester, MA, USA
• Virginia Beach, VA, USA
• Columbia, MD, USA

Financial Performance

As of 2023, Global Partners reported a revenue of $17.2 billion, reflecting a 4.1% increase from the previous year. The company's market capitalization stands at approximately $1.8 billion, indicating its substantial presence in the energy sector.

Commitment to Sustainability

Global Partners is actively participating in the energy transition by offering low-carbon solutions such as biodiesel, renewable diesel, and ethanol. The company is committed to sustainability and continuously invests in technologies and practices that promote environmental responsibility.

In summary, Global Partners LP is a multifaceted energy company with a robust presence in the petroleum distribution and retail sectors. Its extensive network of terminals and retail locations, combined with a commitment to sustainability, positions it as a significant player in the energy industry.