Global Partners LP: A Great Income Play As Higher Commodity Prices Stick Around

Global Partners LP is rated a Buy ahead of Q2 earnings, driven by strong commodity pricing and a 6.31% yield.

GLP’s downstream focus, especially in Wholesale and GDSO segments, benefits from elevated gasoline and crude prices, supporting robust revenue growth.

Despite negative operating cash flow, distributable cash flow coverage is strong at 2.97x, enabling recent and potentially further distribution increases.

GLP’s ability to expand margins amid lower volumes and volatile markets positions it as a compelling income play in the energy sector.

Global Partners LP ( GLP ) is now just 5 days away from the next earnings report, set to come out on August 7th post-market.