Global Partners LP Announces Quarterly Cash Distribution on Common Units

On January 29, 2025, Global Partners LP (NYSE: GLP) released information regarding a cash distribution for its shareholders. The partnership declared a quarterly cash distribution of $0.7400 per unit ($2.96 per unit on an annual basis) on all outstanding common units for the period spanning from October 1, 2024, through December 31, 2024. This distribution will be disbursed on February 14, 2025, to unitholders of record as of the close of business on February 10, 2025.

The announcement was made through a press release by the Board of Directors of Global GP LLC, the general partner of Global Partners LP. Additional details can be found in the press release attached as Exhibit 99.1, which is hereby incorporated by reference.

As per General Instruction B.2 of Form 8-K, the information provided above shall not be considered as filed under the Securities Exchange Act of 1934, unless specifically stated to be so by the Partnership or if incorporated into a filing under the Exchange Act or the Securities Act of 1933.

Concurrently, with this disclosure, information has been provided to brokers and nominees holding Global Partners LP units for non-U.S. investors regarding withholding regulations under Treasury Regulations. Non-U.S. investors are subject to federal income tax withholding rates as outlined in the disclosure.

Global Partners LP, a Fortune 500 company, is known for its integrated ownership, supply, and operation of liquid energy terminals. The partnership operates 54 liquid energy terminals across the East Coast and Gulf States, distributing various energy products to wholesalers, retailers, and commercial clients. Additionally, Global owns and operates over 1,700 retail locations, offering fuel services across several U.S. regions including the Northeast, the Mid-Atlantic, and Texas.

Traded on the New York Stock Exchange under the symbol “GLP,” Global Partners LP continues to diversify its services to meet the evolving energy market demands. For further details, interested parties can visit the company’s website at www.globalp.com.

Forward-looking statements have been included in this release, cautioning readers about potential risk factors and uncertainties that may impact the partnership’s future performance. Global Partners LP reiterates its commitment to updating stakeholders regarding any pertinent information as needed, in accordance with the latest developments.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Global Partners’s 8K filing here.

Global Partners Company Profile

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial.