A Brief History of Global Partners LP (GLP)

Global Partners LP, commonly known as Global, is a midstream logistics and marketing company that owns, controls, or has access to one of the largest terminal networks of petroleum products and renewable fuels in the Northeast. The company was founded in 2005 and has since grown to become a key player in the energy industry.

• 2005: Global Partners LP was founded with the goal of providing logistics and marketing services for gasoline and other petroleum products.
• 2007: The company went public with its initial public offering on the New York Stock Exchange under the ticker symbol GLP.
• 2012: Global acquired Alliance Energy, significantly expanding its footprint in the Northeast and Mid-Atlantic regions.
• 2016: The company diversified its portfolio by entering the renewable fuels market and forming strategic partnerships with leading biofuel producers.
• 2020: Global Partners LP continued to expand its renewable fuels business and announced several sustainability initiatives to reduce its carbon footprint.

Who Owns Global Partners LP (GLP)

Global Partners LP (GLP) is a publicly traded limited partnership that is overseen by its general partner, Global GP LLC. The ownership of Global Partners LP is distributed among a variety of institutional investors, individual shareholders, and hedge funds. The company's stock is traded on the New York Stock Exchange under the symbol GLP.

Global GP LLC owns a significant portion of the limited partnership units of Global Partners LP. The general partner is responsible for managing the day-to-day operations of the company and making strategic decisions on behalf of the partnership.

Other major institutional investors that own a stake in Global Partners LP include mutual funds, pension funds, and other investment firms. These entities often hold large positions in the company's stock and play a significant role in influencing its performance and direction.

• Individual Shareholders: There are also individual investors who own shares in Global Partners LP. These shareholders may include employees of the company, as well as retail investors who have purchased shares through a brokerage account.
• Hedge Funds: Some hedge funds may also own a stake in Global Partners LP as part of their investment portfolios. These funds often take an active role in influencing the company's management and strategy to maximize returns for their investors.

Global Partners LP (GLP) Mission Statement

At Global Partners LP (GLP), our mission is to be the partner of choice for energy solutions by providing superior customer service, innovative products, and sustainable practices. We strive to deliver value to our stakeholders through responsible operations that prioritize safety, environmental stewardship, and community engagement.

Key components of our mission include:

• Service Excellence: We are committed to exceeding customer expectations by delivering high-quality products and services with integrity and professionalism.
• Innovation: We continuously seek new ways to improve our operations, develop cutting-edge technologies, and offer solutions that address the evolving needs of the energy industry.
• Sustainability: We are dedicated to maintaining environmentally responsible practices that minimize our carbon footprint and promote the health and well-being of our communities.
• Stakeholder Value: We prioritize the interests of our investors, employees, customers, and partners, ensuring long-term success and mutual benefit for all.

By upholding these principles, Global Partners LP (GLP) aims to be a trusted leader in the energy sector, driving positive change and sustainable growth for the future.

How Global Partners LP (GLP) Works

Global Partners LP (GLP) is a midstream logistics and marketing company that operates in the United States. The company stores, transports, and distributes petroleum and renewable fuels, as well as provides marketing services for fuel products.

Storage: GLP owns and operates a network of terminals and storage facilities where they store petroleum products. These terminals are strategically located throughout the Northeast, Mid-Atlantic, and Midwest regions of the United States to optimize the distribution of fuel products.

Transportation: GLP has a fleet of trucks, railcars, and barges that are used to transport petroleum products from refineries to their storage facilities, as well as to deliver products to customers. The company also has pipeline connections to further facilitate the transportation of fuel products.

Distribution: GLP distributes fuel products to a wide range of customers, including gas stations, convenience stores, and commercial and industrial businesses. The company has established relationships with suppliers and customers to ensure the efficient delivery of fuel products.

Marketing: In addition to its logistics operations, GLP also provides marketing services for fuel products. The company works with suppliers and customers to develop marketing strategies, manage pricing and promotions, and optimize the sale of fuel products.

• Strategic Partnerships: GLP has strategic partnerships with major oil companies, refineries, and other industry players to ensure a reliable supply of fuel products and access to key markets.
• Compliance: GLP is committed to upholding the highest standards of safety, environmental stewardship, and regulatory compliance in all of its operations.
• Growth: GLP is continuously seeking opportunities for growth and expansion, whether through acquisitions, new partnerships, or the development of new infrastructure.

How Global Partners LP (GLP) Makes Money

Global Partners LP (GLP) is a midstream logistics and marketing company that generates revenue through a variety of business segments:

• Retail Gasoline Distribution: GLP operates gas stations under various brand names across the United States. The company earns money through the sale of gasoline, diesel, and other automotive products at these retail locations.
• Wholesale Fuel Distribution: GLP also distributes gasoline, diesel, and other fuels to wholesale customers, including gas stations, convenience stores, and commercial customers. The company makes money by selling fuel at wholesale prices to these customers.
• Crude Oil Transportation: GLP provides transportation services for crude oil and other petroleum products through pipelines, rail, and trucks. The company earns revenue by charging fees for the transportation of these commodities.
• Terminaling and Storage: GLP owns and operates terminal facilities for storing petroleum products. The company charges fees to customers for storing their products at these facilities, generating revenue from storage services.
• Renewable Fuels: GLP is involved in the production and distribution of renewable fuels, such as ethanol and biodiesel. The company makes money through the sale of these alternative fuels to customers in the transportation and energy sectors.