Full-Time
Operates liquid energy terminals and fueling stations
$17.49 - $20.70/hr
Milford, CT, USA
In Person
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Global Partners is a master limited partnership that owns, supplies, and operates liquid energy terminals and fueling locations. It manages a network of about 1,700 gasoline stations mainly in the Northeast United States and handles the importation, storage, and sale of petroleum products across North America, serving wholesale and retail customers. Its business model centers on sourcing crude oil, gasoline, and distillates, storing them at terminals, and distributing them through its network of fueling locations, with revenue generated from selling these products. The company differentiates itself through its long history (over 90 years), its role as an independent owner/supplier/operator of terminals and stations, and its focused, regional footprint that spans the supply chain from import to point of sale. Its goal is to reliably supply petroleum products to its broad customer base by expanding and efficiently managing its network and logistics.
Company Size
501-1,000
Company Stage
IPO
Headquarters
Waltham, Massachusetts
Founded
1933
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Health Insurance
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401(k) Company Match
401(k) Retirement Plan
Professional Development Budget
Paid Vacation
Global Partners LP has expanded its credit facility by $300 million through an accordion feature, providing short-term financial flexibility for up to 364 days. The energy company also received lender approval to reallocate $200 million from its Aggregate Revolver Commitment to working capital, whilst core terms of its December 2025 credit agreement remain unchanged. Separately, Stifel raised its price target for Global Partners from $45 to $46, maintaining a Hold rating. The company plans to increase capital expenditure to expand logistics and capacity at recently acquired terminals, and intends to implement AI capabilities to improve cost efficiencies and margins. Founded in 2005, Global Partners operates over 1,700 retail fuelling locations across the Northeast, Mid-Atlantic and Texas regions.
Global Partners LP's Chief Operating Officer Mark Romaine sold 15,611 common units between 16 and 18 March 2026, worth approximately $740,000, according to an SEC Form 4 filing. Following the transactions, Romaine holds units valued at roughly $7.04 million in direct ownership. Global Partners LP is an energy midstream operator with operations in fuel distribution, storage and retail across the Northeastern US. The company reported revenue of $18.56 million and net income of $72.09 million on a trailing twelve-month basis. As a Master Limited Partnership, Global Partners issues common units rather than shares. Investors receive cash distributions instead of dividends and must file using Schedule K-1 forms rather than standard 1099-DIV forms, adding tax complexity for retail investors.
Stifel has raised its price target for Global Partners LP to $46 from $45, whilst maintaining a Hold rating on the stock. The increase follows the company's fourth-quarter 2025 earnings results. During the earnings call, CEO Eric Slifka reported that stronger fuel margins helped offset weaker volumes in the company's GDSO segment. The board approved a quarterly cash distribution of $0.76 per common unit, marking the 17th consecutive quarterly increase. Chief Financial Officer Gregory Hanson disclosed that adjusted EBITDA reached $94.8 million, down from $97.8 million year-over-year. Net income rose slightly to $25.1 million from $23.9 million. Distributable cash flow declined to $38.4 million from $45.7 million in the prior-year quarter. Global Partners operates 54 liquid energy terminals across the eastern United States.
Global Partners LP reported Q4 2025 adjusted EBITDA of $94.8 million, down from $97.8 million in Q4 2024, whilst net income rose to $25.1 million from $23.9 million. Distributable cash flow decreased to $38.4 million from $45.7 million year-over-year. The company's GDSO product margin increased by $17.7 million to $231.3 million, with fuel margins rising to $0.45 per gallon from $0.36. However, wholesale segment product margin fell by $21.5 million to $58.3 million. Global Partners expanded its portfolio to 1,524 fuelling stations by year-end 2025 and acquired the Providence terminal to enhance storage capabilities. The company maintained a leverage ratio of 3.59 times funded debt to EBITDA and expects 2026 capital expenditure of $135-155 million.
Global Partners LP (NYSE: GLP) (“Global”) today announced that it has priced an upsized private offering of $450 million in aggregate principal amount of 7.1...