GLP Stock - Global Partners LP

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Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and transporting of gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane. These services are provided to wholesalers, retailers, and commercial customers in the New England states, Mid-Atlantic region, and New York. The company also facilitates the transportation of petroleum products and renewable fuels via rail from the mid-continent region of the United States and Canada. Their extensive logistics network supports a robust supply chain for various fuel products.

The Wholesale segment of Global Partners LP sells home heating oil, branded and unbranded gasoline, gasoline blendstocks, diesel, kerosene, residual oil, and propane to home heating oil retailers and wholesale distributors. Additionally, the company aggregates crude oil through truck or pipeline in the mid-continent region and Canada, transporting it via rail and barge to refiners. This segment plays a critical role in ensuring a steady supply of essential fuel products to diverse markets.

The company's Gasoline Distribution and Station Operations segment markets branded and unbranded gasoline to station operators and sub-jobbers, operates gasoline stations and convenience stores, and offers ancillary services like car washes, lottery, and ATMs. The Commercial segment provides unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to public sector clients, commercial, and industrial end-users, including custom blended fuels.s. Global Partners LP had a portfolio of 1,595 gasoline stations, including 295 directly operated convenience stores, and maintained storage facilities at 26 bulk terminals with a collective storage capacity of 11.9 million barrels. Incorporated in 2005 and based in Waltham, Massachusetts, Global GP LLC serves as the general partner of the company, guiding its strategic direction and operations.

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