Global Partners LP. Stock Analysis GLP

Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. The company is headquartered in Waltham, Massachusetts and currently employs 3,265 full-time employees. The company went IPO on 2005-09-29. The firm operates or maintains storage at 54 liquid energy terminals with connectivity to rail, pipeline, and marine assets spanning from Maine to Florida and into the United States Gulf States. The company distributes gasoline, distillates, residual oil, and renewable fuels. The Company’s segments include Wholesale, Gasoline Distribution and Station Operations (GDSO) and Commercial. The Wholesale segment is engaged in the logistics of selling, gathering, blending, storing and transporting refined petroleum products, gasoline blend stocks, renewable fuels, crude oil and propane. The GDSO segment includes sales of branded and unbranded gasoline to gasoline station operators and sub-jobbers. The Commercial segment includes sales and deliveries of unbranded gasoline, home heating oil, diesel, kerosene, residual oil and bunker fuel.