Global Partners LP (NYSE: GLP) has declared a cash distribution of $0.7400 per unit ($2.96 per unit on an annualized basis) on all of its outstanding common units from October 1, 2024, through December 31, 2024. This marks a change from the previous distribution period. The distribution will be paid on February 14, 2025, to unitholders of record as of the close of business on February 10, 2025.
Global Partners LP, a Fortune 500 company, has evolved into an industry-leading integrated owner, supplier, and operator of liquid energy terminals, fueling locations, and guest-focused retail experiences. The company operates or maintains dedicated storage at 54 liquid energy terminals with connectivity to strategic rail, pipeline, and marine assets, spanning from Maine to Florida and into the U.S. Gulf states. Additionally, Global owns, operates, and/or supplies more than 1,700 retail locations across the Northeast states, the Mid-Atlantic, and Texas.
As of the last quarter of 2024, the company's financial performance has led to the declaration of a cash distribution to its unitholders, indicating the company's commitment to providing returns to its investors. The market has reacted to these announcements by moving the company's shares 0.6% to a price of $53.02. For more information, read the company's full 8-K submission here.
