Global Partners LP (GLP) - Stock Price & Dividends

Global Partners LP is a leading energy company that plays a crucial role in the supply chain of various petroleum products. The company's primary business involves the purchasing, selling, and logistics of transporting a wide range of energy products, including gasoline, gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane.

The company operates through three main segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial. The Wholesale segment focuses on selling a variety of energy products, such as home heating oil, gasoline, diesel, and kerosene, to retailers and wholesale distributors. This segment also handles the transportation of these products using railcars, barges, trucks, and pipelines.

The Gasoline Distribution and Station Operations segment is responsible for selling branded and unbranded gasoline to gasoline station operators and sub-jobbers. Additionally, the company operates its own gasoline stations and convenience stores, offering services like car washes, lottery tickets, and ATMs. The segment also leases gasoline stations to independent operators.

The Commercial segment caters to customers in the public sector, as well as commercial and industrial end-users. This segment sells unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to its customers. Furthermore, it offers custom blended fuels to meet specific customer requirements.

Global Partners LP is also involved in the transportation of petroleum products and renewable fuels from the mid-continent region of the United States and Canada. With a strong logistics network, the company ensures the efficient and reliable delivery of energy products to its customers.

Founded in 2005, Global Partners LP is headquartered in Waltham, Massachusetts, and has established itself as a reputable player in the energy industry. For more information, visit their website at https://www.globalp.com.