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Global Partners LP (NYSE:GLP) NASDAQ:GLP, a $1.77 billion market cap energy company known for its consistent dividend payments over 20 years, saw Chief Operating Officer Mark Romaine sell 9,000 common units on July 15 and 16, 2025. The sales, executed under a pre-arranged 10b5-1 trading plan, totaled approximately $462,272.
On July 15, Romaine sold 7,119 common units at a weighted average price of $51.28, in multiple transactions at prices ranging from $50.95 to $51.81. Following this, on July 16, he sold 1,881 common units at a weighted average price of $51.68, in multiple transactions at prices ranging from $51.16 to $51.98. The stock currently offers a 5.8% dividend yield.
Following these transactions, Romaine directly owns 148,531 common units of Global Partners LP. According to InvestingPro, the stock has demonstrated low price volatility and strong returns over the past five years, with additional insights available in the comprehensive Pro Research Report.
In other recent news, Global Partners LP reported its first-quarter 2025 earnings, revealing an earnings per share (EPS) of $0.36, which significantly exceeded the projected loss of $0.05. Despite this positive earnings surprise, the company’s revenue of $4.59 billion fell short of the anticipated $5.65 billion. Additionally, Global Partners announced the pricing of $450 million in senior unsecured notes due 2033, with plans to use the proceeds to fund the purchase of outstanding notes and repay a portion of its credit agreement borrowings. Moody’s Ratings recently upgraded Global Partners’ Corporate Family Rating from B1 to Ba3, citing the company’s strong operating performance and expanded geographic reach. The rating for senior unsecured notes was also increased to B1. Stifel analysts adjusted their price target for Global Partners’ shares to $53.00 from the previous $56.00 while maintaining a Hold rating. The company’s recent quarter benefited from a colder winter, which increased distillate demand and supported the wholesale segment’s performance. Global Partners also experienced temporary advantages from volatility in Canadian crude oil prices due to tariffs, although the company anticipates minimal long-term impacts on consumer behavior.
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