Global Partners LP general partner acquires $442,475 in common units

Global GP LLC, the general partner of Global Partners LP (NASDAQ:GLP), recently acquired 10,000 common units worth $442,475 through multiple transactions between November 11 and November 13, 2026. The purchases were spread over three days, with 2,500 units bought at $43.79 on November 11, 5,000 units at $44.56 on November 12, and the final 2,500 units at $44.08 on November 13.

The price range for these units varied from $43.79 to $44.56. InvestingPro highlights suggest the current stock price is undervalued at $44.30. Global Partners LP offers a 7.09% dividend yield and has a history of consistent dividend payments for 21 years. According to the filing, the acquisitions were made to satisfy obligations under the Global Partners LP Long-Term Incentive Plan for directors and officers.

The company's third-quarter 2026 earnings, however, fell short of expectations, with adjusted EPS at $1.26 compared to anticipated $1.48, and revenue of $6.68 billion against the expected $7.46 billion. Despite these misses, Global Partners has continued to increase its quarterly distribution for the 20th consecutive quarter, attributing this to stronger cash flow, a healthier balance sheet, and solid performance in wholesale and terminal operations.

Earnings and revenue also showed year-over-year growth in net income, EBITDA, and cash flow. Investors are advised to consider these developments when evaluating the company.