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Global Partners LP

Global Partners LP

Sector: Petroleum And Petroleum Products Wholesalers Except Bulk Stations Region: MA, United States


: | New York Stock Exchange: GLP


Global Partners LP is engaged in the storage, distribution and marketing of gasoline, distillates and residual oil to wholesalers, retailers and commercial customers throughout the Northeast. It also engages in the purchasing, selling and logistics of transporting domestic and Canadian crude oil and other products. Global Partners operates its business through two reportable segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial. The Wholesale segment sells gasoline, home heating oil, diesel, kerosene and residual oil to unbranded and Mobil branded retail gasoline stations and other resellers of transportation fuels, home heating oil retailers and wholesale distributors. The Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline stations and other sub-jobbers. It also includes gasoline, convenience store, car wash and other ancillary sales at its directly operated stores, as well as rental income from dealer leased gasoline stations. The Commercial segment includes sales and deliveries of unbranded gasoline, home heating oil, diesel, kerosene, residual oil and small amounts of natural gas and renewable fuels to end user customers in the public sector and to large commercial and industrial end users. The company was founded in March 2005 and is headquartered in Waltham, MA.

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