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Blue Chip Growth

Stock Report: Global Partners LP (GLP) Report Updated: Dec 07, 2016 | Print This Page

Get more stock ratings by Louis Navellier

Global Partners LP (GLP)

Rating: Sell Volatility: Conservative
Total Grade: D Industry: Oil Gas & Consumable Fuels
Competitors: REN,TLP,PE,CNX

Stock Analysis

Rating: Monthly View

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Rating: Weekly View

This Week: D down upgrade
Last Week: F same downgrade
Two Weeks Ago: D up upgrade
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Company Profile

Global Partners LP, a midstream logistics and marketing company, distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial customers in the New England states and New York. It operates in three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to branded and unbranded gasoline customers and other resellers of transportation fuels. It also offers home heating oil, diesel, kerosene, residual oil, and propane to home heating oil and propane retailers and wholesale distributors; and aggregates crude oil in the mid-continent region of the United States and Canada and offers to refiners on the East and West Coasts. The Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline station operators and other sub-jobbers; operates gasoline stations and convenience stores; and provides car wash and other ancillary services, as well as leases gasoline stations. As of March 31, 2015, this segment had a portfolio of 1,447 owned, leased, and/or supplied gasoline stations, including 287 convenience stores, primarily in the Northeast. The Commercial segment sells and deliveries unbranded gasoline, home heating oil, diesel, kerosene, residual oil, bunker fuel, and natural gas to end user customers in the public sector, as well as to large commercial and industrial end users; and sells custom blended fuels. The company also owns, leases, or maintains 25 refined petroleum product bulk terminals with a collective storage capacity of 11.7 million barrels. Global GP LLC serves as the general partner of the company. Global Partners LP was founded in 2005 and is based in Waltham, Massachusetts.