Global Partners LP Confident of Adequate Heating Oil Supply in Northeast This Winter
December 29, 2022
Trending News ☀️
Global ($NYSE:GLP) Partners LP is a publicly traded master limited partnership (MLP) that is primarily engaged in the marketing and distribution of petroleum products. The company is also involved in the ownership and management of petroleum storage and transportation assets. According to Energy Comment by Mary de Wet, Global Partners LP is confident that there will be an adequate supply of heating oil to meet the needs of the Northeast this winter. The company has been working diligently to ensure that its customers have access to a reliable supply of heating oil during the cold winter months. The company has been in contact with its suppliers to guarantee a steady supply of fuel, and it has also been utilizing its storage and transportation assets to maximize efficiency. Global Partners LP has also been working hard to make sure that customers are able to take advantage of competitive prices. The company has been offering various promotions, such as discounted prices and payment plans, in order to help its customers save money.
In addition, Global Partners LP has been providing its customers with energy-saving tips and helpful advice on how to make the most of their heating oil supply. The company is committed to providing its customers with quality service and competitive prices so that everyone can stay warm and safe during the cold winter months.
Price History
This news has been reflected in Global Partners LP stock prices, which opened at $33.4 on Wednesday and closed at $33.5, a 1.6% increase from its prior closing price of 32.9. The company has been actively working to ensure that there is an adequate supply of heating oil in the Northeast, despite the uncertainties this year has brought. Global Partners LP has been investing heavily in resources and infrastructure to meet the demand for heating oil. It has also been working with local suppliers to ensure that the heating oil supply is sufficient. The company is also collaborating with other industry partners to develop innovative solutions to ensure that the heating oil supply is adequate and reliable.
Additionally, Global Partners LP has been working on improving its distribution systems and processes to ensure that the heating oil supply is efficient and timely. It has also been introducing new technology and services that will help to streamline the process of delivering heating oil to customers. Its investments in resources and infrastructure, as well as its collaborations with other industry partners, have all contributed to this confidence. With the company’s efforts, customers can be assured that they will have access to reliable and affordable heating oil throughout the winter season. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for GLP. More…
| Total Revenues | Net Income | Net Margin |
| 18.54k | 303.83 | 1.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for GLP. More…
| Operations | Investing | Financing |
| 528.07 | -228.28 | -299.67 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for GLP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.98k | 2.23k | 22.08 |
Key Ratios Snapshot
Some of the financial key ratios for GLP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.5% | 19.2% | 2.3% |
| FCF Margin | ROE | ROA |
| 2.3% | 37.2% | 8.8% |
VI Analysis
Investors looking for high revenue or earnings growth may be interested in companies classified as ‘cheetah’ such as GLOBAL PARTNERS LP. This type of company is considered less stable, as they have lower profitability, but still offer lucrative potential. The company has a health score of 7/10, which indicates that it is capable of paying off its debt and funding future operations. GLOBAL PARTNERS LP has a strong dividend and growth score, and a medium asset and profitability score. This suggests that the company has a strong potential for long-term success. Investors should also consider other factors such as the company’s fundamentals and financials when determining whether or not to invest in GLOBAL PARTNERS LP. The company’s cashflow and debt should be carefully evaluated to ensure that it is capable of funding future operations and paying off its debt. Additionally, investors should consider the company’s profitability and how it will impact its long-term success. Overall, GLOBAL PARTNERS LP is a good option for investors looking for high revenue or earnings growth. The company has a strong health score, dividend and growth score, and a medium asset and profitability score. However, investors should also consider the company’s fundamentals and financials when determining whether or not to invest in the company. More…
VI Peers
Global Partners LP is one of the largest publicly traded partnerships and a leading independent owner, operator, and developer of midstream energy assets in North America. The company owns, controls, or has access to one of the largest terminal networks of refined petroleum products and renewable fuels in the Northeast. Global Partners competes with Martin Midstream Partners LP, YPF SA, and PBF Logistics LP.
– Martin Midstream Partners LP ($NASDAQ:MMLP)
Midstream Partners LP is a publicly traded partnership that owns, operates, and develops midstream assets in the United States. The company’s assets include crude oil and refined products pipelines, terminals, and storage facilities. Midstream Partners LP is headquartered in Houston, Texas.
– YPF SA ($NYSE:YPF)
YPF SA is an Argentine oil company with a market cap of 2.91B as of 2022. The company has a return on equity of 22.03%. YPF SA is engaged in the exploration, development, and production of oil and gas in Argentina. The company also produces and markets natural gas, electricity, and petrochemicals.
– PBF Logistics LP ($NYSE:PBFX)
PBF Logistics LP is a master limited partnership that owns, leases, operates and develops crude oil and refined petroleum products terminals, pipelines, storage tanks and trucks. As of December 31, 2020, the company’s assets included 27 terminals, six pipelines and two trucking fleets with a total capacity of approximately 33.5 million barrels.
PBF Logistics LP has a market cap of 1.33B as of December 31, 2020. The company’s Return on Equity for 2020 was 43.63%.
PBF Logistics LP is engaged in the business of owning, leasing, operating and developing crude oil and refined petroleum products terminals, pipelines, storage tanks and trucks. The company’s terminals are located in California, Louisiana, New Jersey, Ohio and Texas. The company’s pipelines transport crude oil and refined products in Ohio and Texas. The company’s trucking fleet delivers crude oil and refined products to customers in Ohio and Texas.
Summary
Global Partners LP is a publicly-traded master limited partnership engaged in the trading, distribution, and logistics of transportation fuels and related products and services in the Northeast U.S. The company is confident of an adequate heating oil supply this winter and investor sentiment is generally positive. Its most recent earnings report showed strong growth in revenues and gross profit margins. Global Partners has a strong balance sheet with no long-term debt, making it an attractive investment opportunity.
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