The latest update is out from Global Partners ( (GLP) ).
Global Partners LP reported its financial results for the fourth quarter and full year of 2024, highlighting a transformative year marked by significant growth in its U.S. liquid energy market operations. The company more than doubled its terminal count, expanding its network into 18 states with strategic acquisitions, including a 25-year contract with Motiva. Despite a decrease in net income compared to 2023, Global Partners saw an increase in EBITDA and adjusted EBITDA for the full year, reflecting its strengthened market position and expanded operational footprint. The company’s diverse assets and strategic expansions position it well for future growth opportunities, benefiting stakeholders and enhancing long-term value.
More about Global Partners
Global Partners LP is a Fortune 500 company and a leading integrated owner, supplier, and operator of liquid energy terminals, fueling locations, and retail experiences. The company operates 54 liquid energy terminals across the U.S., distributing gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial customers. Global Partners also owns and supplies over 1,700 retail locations in the Northeast, Mid-Atlantic, and Texas, and is recognized for its focus on the energy transition.
YTD Price Performance: 23.09%
Average Trading Volume: 99,245
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.92B
Find detailed analytics on GLP stock on TipRanks’ Stock Analysis page.