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Global Partners LP (NYSE:GLP) NASDAQ:GLP Chief Operating Officer Mark Romaine sold 9,000 common units of the company on August 15, 2025, for a total of $453,420. The sales were executed at a weighted average price of $50.38, in a price range from $50.00 to $51.26. The transaction comes as the $1.7 billion market cap company maintains a solid 6% dividend yield and has sustained dividend payments for 20 consecutive years, according to InvestingPro data.
Following the transaction, Romaine directly owns 139,531 common units of Global Partners LP.
The sale was executed pursuant to a 10b5-1 trading plan, which was previously established on March 25, 2025.
In other recent news, Global Partners LP reported its second-quarter 2025 earnings, revealing a mixed financial performance. The company achieved an earnings per share (EPS) of $0.55, which exceeded the forecasted $0.42. Despite this positive EPS outcome, Global Partners faced a revenue shortfall, generating $4.63 billion compared to the expected $6.01 billion. Stifel has reiterated its Hold rating on Global Partners, maintaining a price target of $53. The company’s wholesale segment performed better than expected, but this was counterbalanced by weaker results in its Gasoline Distribution and Station Operations division and increased operating expenses. These developments have kept analyst expectations cautious, with no changes to the existing rating.
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