Global Partners LP

Global Partners LP is a midstream energy company that focuses on the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline, gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane. The company serves wholesalers, retailers, and commercial customers. Its operations are divided into three segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. The Wholesale segment sells home heating oil, branded and unbranded gasoline, diesel, kerosene, and residual oil to retailers and distributors. The GDSO segment sells branded and unbranded gasoline to station operators and sub-jobbers, and also operates convenience stores offering prepared food, car washes, lottery, and ATM services. The Commercial segment delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to public sector customers, and sells custom blended fuels.

Global Partners LP is listed on the New York Stock Exchange (NYSE) under the ticker symbol GLP. The company trades in U.S. dollars (USD), as it is based in the United States and its financial reporting is conducted in USD. Being listed on the NYSE provides investors with access to one of the world's largest and most liquid stock exchanges, and the use of USD facilitates trading for both domestic and international investors.

Global Partners LP operates in the Energy sector, specifically within the Oil & Gas Midstream industry. As a midstream company, it is involved in the transportation, storage, and wholesale distribution of petroleum products and renewable fuels. The midstream segment serves as a critical link between upstream production and downstream refining and retail, handling logistics such as rail, barge, truck, and pipeline transport. This positions Global Partners LP as a key player in the energy supply chain, focusing on the efficient movement and blending of fuels to meet customer demand.

Global Partners LP is headquartered in Waltham, Massachusetts, United States. The company serves customers primarily in the United States and Canada, with a focus on the mid-continent region of the U.S. and Canada for rail transportation of petroleum products and renewable fuels. Its operations span across wholesale, retail gasoline distribution, and commercial sales, reaching retailers, wholesalers, public sector entities, and commercial customers. The company's strategic location and extensive logistics network enable it to supply a wide range of fuels to diverse markets.

Global Partners LP generates revenue through three main business segments. The Wholesale segment earns income by selling home heating oil, branded and unbranded gasoline, diesel, kerosene, and residual oil to retailers and wholesale distributors, transporting these products via rail, barge, truck, or pipeline. The Gasoline Distribution and Station Operations (GDSO) segment profits from selling branded and unbranded gasoline to station operators and sub-jobbers, as well as from operating convenience stores that offer prepared food, car washes, lottery, and ATM services, and from leasing gasoline stations. The Commercial segment sells unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to public sector customers, and provides custom blended fuels. Additionally, the company transports petroleum products and renewable fuels by rail from the mid-continent U.S. and Canada, adding another revenue stream.