Full-Time
Midstream petroleum logistics and energy marketing
$18.89 - $22.33/hr
Plymouth, MA, USA
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Global Partners LP operates midstream energy logistics and marketing assets. It owns and runs terminals and fueling locations, and buys, sells, and transports petroleum and renewable fuels. It is organized into three segments: Wholesale (logistics and handling of gasoline, distillates, renewable fuels, crude, propane), Gasoline Distribution and Station Operations (distribution to stations and end-users and operation of stations and convenience stores), and Commercial (sale and delivery of unbranded fuels to commercial and residential customers). The company generates revenue from product sales and fees for logistics services, serving gasoline stations, commercial/residential clients, and government agencies, primarily in the Northeast U.S. Its goal is to provide reliable energy logistics and fuel distribution by maintaining a network of terminals and fueling locations, offering integrated supply chain services, and expanding its assets and services in energy marketing.
Company Size
51-200
Company Stage
IPO
Headquarters
Waltham, Massachusetts
Founded
1933
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401(k) Company Match
401(k) Retirement Plan
Professional Development Budget
Paid Vacation
Global Partners saw significant trading in its December 2026 call options, ranking amongst the highest implied volatility contracts in the equities market. The activity coincides with the partnership's Zacks Rank #1 rating in the Oil and Gas – Refining and Marketing MLP sector. The company reported first-quarter 2026 sales of $5.32 billion and net income of $64.74 million. However, investors face questions around the sustainability of distributions and cash flow resilience amid capital spending and energy transition risks. Global Partners' narrative projects $42.5 billion in revenue and $168.5 million in earnings by 2029, with a fair value estimate of $45.50. Community valuations range from $45.50 to $103.23, reflecting divergent views on the fuel-focused business facing long-term energy transition challenges and potential regulatory pressures on margins.
Global Partners LP reported strong Q1 2026 results driven by commodity price volatility and favourable market conditions. Fuel margins in the GDSO segment expanded to 41 pence per gallon, whilst the wholesale segment saw a $60.5 million increase in product margin from improved dynamics in gasoline blendstocks and distillates. The company maintained a 3.1x leverage ratio and announced its 18th consecutive quarterly distribution increase. Full-year 2026 maintenance capital expenditure is projected between $60 million and $70 million, with expansion expenditure targeted at $75 million to $85 million. Management expects steep backwardation in forward pricing curves to increase hedged inventory costs. Low PADD 1 inventory levels heading into summer driving season present operational risks. The company plans increased convenience store promotions to counter higher gasoline prices affecting consumer spending.
Global Partners LP shares rose 6.4% on Friday after reporting first-quarter adjusted earnings of $1.85 per unit, significantly exceeding the $0.33 consensus estimate. Revenue totalled $5.32 billion, up 15.8% year-over-year, though below analyst expectations of $6.97 billion. Adjusted EBITDA climbed to $140.4 million from $91.3 million, whilst adjusted distributable cash flow nearly doubled to $96.8 million from $46.5 million. The energy partnership's wholesale division drove results, with product margin increasing to $154.1 million from $93.6 million, benefiting from favourable gasoline and residual oil markets. The gasoline distribution segment also posted margin growth. Global Partners declared a quarterly distribution of $0.7650 per unit, payable 15 May to unitholders of record on 11 May.
Global Partners, a US fuel and logistics operator, has shown contrasting performance across different timeframes. The company reported revenue of $18.56 billion and net income of $72.09 million, with annual growth rates of 27.57% and 27.26% respectively. Shares are trading at $46.39, posting a 9.77% year-to-date return but declining 4.66% over one year. However, longer-term shareholders have benefited from an 86.94% three-year return and 169.37% five-year return. Valuation assessments show conflicting signals. The most popular narrative pegs fair value at $45.50, suggesting units are roughly 2% overvalued. However, a discounted cash flow model points to an intrinsic value of $73.36, implying significant upside potential. Recent terminal network acquisitions are expected to strengthen market presence, though regulatory costs on carbon emissions pose risks to future margins.
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.