Global Partners to Redeem Series B Preferred Units
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Global Partners ( (GLP) ) has provided an announcement.
On June 29, 2026, Global Partners LP announced it will fully redeem all issued and outstanding Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units on July 30, 2026. Following the redemption, the Series B preferred units will no longer be outstanding, holders’ rights will terminate other than the right to receive payment, and trading of these units on the NYSE will cease prior to the market open on the redemption date.
The partnership will pay a cash redemption price of $25.00 per Series B preferred unit plus all unpaid and accrued distributions up to, but excluding, July 30, 2026, subject to applicable tax withholding. All units, held in book-entry form through The Depository Trust Company, will be processed according to its procedures with Equiniti Trust Company, LLC acting as redemption agent, marking a simplification of Global Partners’ capital structure and an adjustment in obligations to preferred equity holders.
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.
GLP scores highest on valuation (low P/E and high yield) and is supported by improving price momentum and a strong, upbeat earnings call with robust YoY profitability/DCF growth and continued distribution increases. Offsetting these positives, financial risk remains meaningful due to thin margins, elevated leverage, and uneven free-cash-flow consistency.
To see Spark’s full report on GLP stock,
click here.
More about Global Partners
Global Partners LP is a publicly traded master limited partnership listed on the NYSE under the ticker GLP. The partnership operates in the energy and fuels sector, focusing on the ownership, operation and development of midstream logistics and related assets serving wholesale and retail fuel markets.
Average Trading Volume: 89,639
Technical Sentiment Signal: Buy
Current Market Cap: $1.58B
For detailed information about GLP stock, go to TipRanks’ Stock Analysis page.
