Global Partners News

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Global Partners Announces Common Unit Repurchase Program to Meet Obligations Under Its Long-Term Incentive Plan

WALTHAM, Mass.–(BUSINESS WIRE)–
Global Partners LP (NYSE: GLP) (“Global Partners” or the “Partnership”) announced today that the Board of Directors of the general partner (the “General Partner”) authorized the General Partner to repurchase up to 250,000 of the Partnership’s common units from time to time, in one or more open-market transactions, including block trades, or in privately negotiated transactions.

Full Story » “Global Partners Announces Common Unit Repurchase Program to Meet Obligations Under Its Long-Term Incentive Plan”

Global recognizes and thanks its front-line employees that are serving local communities across the Northeast and mid-Atlantic

At gas stations, convenience stores and fuel terminals throughout the Northeast, thousands of employees of Global Partners LP have been helping people get the goods, food, and fuel they need throughout the COVID-19 crisis. It is essential work that is keeping communities up and running.

Global was looking for a creative and personal way to thank these employees for their service. Full Story » “Global recognizes and thanks its front-line employees that are serving local communities across the Northeast and mid-Atlantic”

Global Partners Brings 3,000+ Handcrafted Family Meals to its Frontline Employees

BOSTON–(BUSINESS WIRE)–
As COVID-19 continues to impact daily life worldwide, Boston-based Global Partners is thanking its more than 3,000 frontline employees in a personal way — with a handcrafted family meal. These employees are working on the frontlines of the pandemic at Global’s network of gas stations, convenience stores and terminals across the Northeast and mid-Atlantic where operations have been deemed essential.

Full Story » “Global Partners Brings 3,000+ Handcrafted Family Meals to its Frontline Employees”

Global Partners Reports First-Quarter 2020 Financial Results

Partnership withdraws 2020 EBITDA guidance

WALTHAM, Mass.–(BUSINESS WIRE)–
Global Partners LP (NYSE: GLP) today reported financial results for the first quarter ended March 31, 2020.

“In the face of the COVID-19 crisis, we continue to provide essential products and services while prioritizing the safety and well-being of our employees, guests and customers at our retail locations and fuel terminals,” said Eric Slifka, President and CEO of Global Partners.

Full Story » “Global Partners Reports First-Quarter 2020 Financial Results”

Global Partners Announces Reduction in Quarterly Distribution for the First Quarter of 2020

WALTHAM, Mass.–(BUSINESS WIRE)–
Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a quarterly cash distribution of $0.39375 per unit ($1.5750 per unit on an annualized basis) on all of its outstanding common units for the period from January 1 to March 31, 2020.

Full Story » “Global Partners Announces Reduction in Quarterly Distribution for the First Quarter of 2020”