Global Partners Declares Quarterly Series B Preferred Distribution
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Global Partners ( (GLP) ) just unveiled an announcement.
On April 13, 2026, Global Partners LP announced that the board of its general partner declared a quarterly cash distribution of $0.59375 per unit, or $2.375 on an annualized basis, on its 9.50% fixed-rate Series B preferred units for the period from February 15 through May 14, 2026. The distribution is scheduled to be paid on May 15, 2026 to Series B preferred unitholders of record as of the opening of business on May 1, 2026, and the partnership also issued notice that brokers should treat 100% of its distributions to non-U.S. investors as effectively connected income subject to U.S. federal withholding at the highest applicable effective tax rate plus an additional ten percent, with nominees serving as the responsible withholding agents.
The most recent analyst rating on (GLP) stock is a Hold with a $46.00 price target. To see the full list of analyst forecasts on Global Partners stock, see the GLP Stock Forecast page.
Spark’s Take on GLP Stock
According to Spark, TipRanks’ AI Analyst, GLP is a Neutral.
The score is primarily held back by a middling financial profile: thin/compressed profitability, elevated leverage, and historically volatile cash flow. Offsetting factors include constructive (but not strong) technical momentum and an income-supportive valuation via a ~6.3% yield. The earnings call adds modest caution due to weaker wholesale/DCF trends and higher planned 2026 CapEx despite continued distribution growth and coverage.
To see Spark’s full report on GLP stock, click here.
More about Global Partners
Global Partners LP is a Fortune 500, master limited partnership that operates as an integrated owner, supplier and operator of liquid energy terminals, fueling locations and guest-focused retail sites. The company runs or maintains storage at 54 terminals from Maine to Florida and into the U.S. Gulf States, distributing gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers, while also managing a large portfolio of fuel and convenience locations across the Northeast, Mid-Atlantic and Texas as it diversifies for the energy transition.
Average Trading Volume: 47,400
Technical Sentiment Signal: Hold
Current Market Cap: $1.56B
See more insights into GLP stock on TipRanks’ Stock Analysis page.
