|Bid||19.72 x 800|
|Ask||19.77 x 1300|
|Day's Range||19.68 - 19.84|
|52 Week Range||13.63 - 21.62|
|Beta (3Y Monthly)||0.52|
|PE Ratio (TTM)||12.88|
|Earnings Date||Nov 6, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||2.06 (10.45%)|
|1y Target Est||20.40|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Global Partners LP and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Two major segments of the partnership, Crude Oil Logistics and Water Solutions, are sending mixed signals with regard to NGL Energy Partners' (NGL) results in the upcoming quarter.
Moody's Investors Service (Moody's) assigned a B2 rating to Global Partners LP (Global) proposed $400 million senior unsecured notes due 2027, co-issued by GLP Finance Corp. The proceeds from the proposed notes offering will be used to repurchase outstanding notes as outlined in a simultaneously announced tender offer for its $375 million senior unsecured notes due 2022. The existing and proposed senior unsecured notes are rated B2, one notch below Global's B1 CFR, reflecting the effective subordination of the notes to Global's $1.3 billion of revolving credit facilities, which are secured by substantially all the assets of the firm. Global's B1 Corporate Family Rating (CFR) reflects the company's strong market presence in the northeastern US, relatively stable earnings and modest working capital needs associated with its retail gasoline supply and station operations businesses.
Moody's Investors Service (Moody's) affirmed Global Partners LP's (Global) ratings, including its B1 Corporate Family Rating (CFR), B1-PD Probability of Default Rating (PDR), B2 senior unsecured rating, and the SGL-3 Speculative Grade Liquidity rating.
Global Partners LP (GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a quarterly cash distribution of $0.51 per unit ($2.04 per unit on an annualized basis) on all of its outstanding common units for the period from January 1 to March 31, 2019. Accordingly, GLP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate. With approximately 1,600 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores.
Global Partners LP today announced that it will release its first-quarter 2019 financial results before the market opens on Thursday, May 9, 2019 and host a conference call that morning for investors and analysts.
Global Partners LP (GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a quarterly cash distribution of $0.609375 per unit ($2.4375 per unit on an annualized basis) on the Partnership’s Series A preferred units for the period from February 15, 2019 through May 14, 2019. Accordingly, GLP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate. With approximately 1,600 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores.
Global Partners LP (NYSE:GLP) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018.
Global Partners LP (GLP) today announced that its Annual Report on Form 10-K for the year ended December 31, 2018 was filed with the Securities and Exchange Commission on March 8, 2019. A copy of the Annual Report on Form 10-K is available to be viewed or downloaded on the Partnership’s website at www.globalp.com or from the SEC’s website at www.sec.gov. A hard copy of the Partnership’s complete audited financial statements also can be obtained free of charge by contacting the Global Partners Investor Relations department at (617) 542-5300 or emailing GLP@investorrelations.com.