GLP - Global Partners - Stock Price & Dividends

Global Partners LP is a leading energy company that specializes in the procurement, sale, and logistics of various petroleum products and renewable fuels. The company's diverse portfolio includes gasoline, gasoline blendstocks, distillates, residual oil, crude oil, propane, and renewable fuels, which it supplies to a wide range of customers, including wholesalers, retailers, and commercial clients.

The company operates through three distinct business segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial. The Wholesale segment is responsible for selling a variety of petroleum products, such as home heating oil, branded and unbranded gasoline, diesel, kerosene, and residual oil, to retailers and wholesale distributors. This segment also manages the transportation of these products via railcars, barges, trucks, and pipelines.

The Gasoline Distribution and Station Operations segment focuses on selling branded and unbranded gasoline to gasoline station operators and sub-jobbers, as well as operating gasoline stations and convenience stores. Additionally, this segment provides ancillary services, such as car washes, lottery tickets, and ATM services, and leases gasoline stations to independent operators.

The Commercial segment caters to a diverse range of customers, including government agencies, commercial fleets, and industrial users, providing them with unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel. This segment also offers custom-blended fuels to meet the specific needs of its clients.

One of the key strengths of Global Partners LP is its extensive logistics network, which enables the company to transport petroleum products and renewable fuels from the mid-continent region of the United States and Canada to its customers across North America. With a strong focus on operational efficiency and customer service, Global Partners LP has established itself as a reliable and trusted partner in the energy industry.

Founded in 2005, Global Partners LP is headquartered in Waltham, Massachusetts, and operates a comprehensive website at https://www.globalp.com, providing customers and investors with valuable information on its products, services, and business operations.