Global Partners LP (GLP) Stock
Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial.
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About Global Partners LP
Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. The Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, and residual oil to retailers and wholesale distributors. This segment transports the products by railcars, barges, trucks and/or pipelines. The GDSO segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates convenience stores and prepared food sales; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. The Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to customers in the public sector; and sells custom blended fuels. The company is involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. Global Partners LP was founded in 2005 and is based in Waltham, Massachusetts.
Global Partners LP is headquartered in US.
Global Partners LP (GLP) stock trades at $48.33 with a market capitalization of $1.64B. The stock is valued at a price-to-earnings (P/E) ratio of 13.39, price-to-book of 2.31, price-to-sales of 0.09. Over the past 52 weeks the stock has ranged between $39.58 and $53.25, and currently trades 9.2% below its 52-week high. It pays a dividend yielding 6.33%.
On profitability, Global Partners LP generates a return on equity (ROE) of 18.87%, above the typical market average, return on capital employed of 17.51%, an operating margin of 2.53%, a net profit margin of 0.67%.
Official website: www.globalp.com