Global Partners LP
Global Partners LP (GLP) has a dated narrative snapshot, but its priced-in model claim is temporarily suppressed because the model-solve record is unavailable or has changed.
Global Partners' balance sheet underwrites a steadily rising payout: low leverage, an expanded $1.8 billion credit facility, and an eighteenth consecutive distribution increase. The cash-return record is the clearest signal of management's confidence. At $42.60 the unit price implies the partnership's operating profit could decline and still be worth more, about 6 times operating income, below what even a 5%-a-year drop would warrant. Earnings-power, relative, and growth-DCF lenses all support
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102 institutional managers reported holding GLP in 13F filings for the quarter ended 2026-03-31. Together they hold about 48% of the company; the top 10 hold 42%. 13 opened new positions that quarter. Held by Invesco, Goldman Sachs, Morgan Stanley, among others. On the short side, 231k shares were sold short as of the 2026-06-15 count, about 0.7% of shares outstanding (2.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
Open-market insider buys at GLP over the trailing three years: 2023: 12 buys totaling $3.54M; 2024: 49 buys totaling $14.16M; 2025: 51 buys totaling $9.99M; 2026: 8 buys totaling $5.30M. 11 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
GLP's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -6.3% | -2.2% |
| 2023-11-10 | +3.2% | +31.2% |
| 2024-03-01 | +2.0% | +1.9% |
| 2024-05-09 | -4.5% | -5.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
GLP's latest 8-K filings: 2026-06-29 (items 8.01); 2026-05-08 (items 2.02, 7.01, 9.01); 2026-04-30 (items 7.01, 9.01); 2026-04-13 (items 7.01, 9.01); 2026-03-19 (items 2.03).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.