Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. In our gasoline distribution and GDSO segment, we continued to benefit from higher retail fuel margins and increased activity in our convenience markets in part as a result of our recent acquisitions. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. GLP Capital Partners' Post GLP Capital Partners 1,707 followers 8h Today, we're excited to announce that we raised $12.3 billion in equity in 2022 across our real asset and private equity. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT Your article was successfully shared with the contacts you provided. #GCP #GLP, Very exciting to be managingthis ETF! As we continue to invest in optimizing our sites with an eye towards sustainability, we know that the drivers of tomorrow will have different expectations and needs than the drivers of today. Pacific Biosciences of California, Inc. (NASDAQ:PACB) Shares Sold by Shell Asset Management Co. Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Sold by Shell Asset Management Co. New Gold Inc. (NYSEAMERICAN:NGD) Shares Sold by Shell Asset Management Co. Our Team | Bespoke Capital Partners | Bespoke Capital Partners Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Current Vacancies - GLP Europe Our assumptions and future performance are subject to a wide range of business risks uncertainties and factors, which are described in our filings with the Securities and Exchange Commission, which could cause actual results to differ materially from the Partnership's historical experience and present expectations or projections. Thank you for joining us. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . REGISTRATION STATUS . GLP Pte Ltd (formerly Global Logistic Properties Limited) converted to a private company after delisting from the Singapore Exchange Securities Trading Limited (SGX-ST) on 22 January 2018. Fund name: GLP Capital Partners IV Fund size: $2.3 billion Target size: $2 billion Launch date: June 2020 Current status: Final close, July 2021 GLP Capital Partners has held a final close on their fourth flagship fund, the GLP Capital Partners IV.Successfully raising more than $2.3 billion, the vehicle will invest in logistics real estate throughout the US. Global Fund Management, Capital Raising & Investor Relations. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. Goldman Sachs Group Inc. now owns 193,521 shares of the energy companys stock worth $4,548,000 after acquiring an additional 57,422 shares during the last quarter. As an early mover who saw the potential in building a smart logistics ecosystem ahead of its time, Hidden Hill Capital has, since 2018, invested RMB 6 billion in more than 50 companies in the fields of digital supply chain and logistics technology such as modern logistics service systems and food supply chains. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. 10x easier to research good investments Working at GL Capital Partners | Glassdoor GLP China has signed an agreement with Contemporary Amperex Technology Ltd. (CATL), the worlds leading battery provider and the largest maker of electric vehicle (EV) batteries, to create a new platform aimed at expanding the use of new energy through asset-as-a-service offerings and advancing sustainability in logistics and transportation. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Singapore. Purchased by MetLife Investment Management LLC. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript The segment's performance for both periods was driven largely by an increase in bunkering activity. GLP Capital Partners (GLP Capital Partners) - Real Estate Company Sensors track detailed information on trucks, drivers and cargo in real time, thus enabling a real-time view of fleet operations and the flow of goods. Arlington Asset Investment. Join to view profile GLP Capital Partners . GLP Capital Partners LP operates as an investment management company. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Which One is Best? Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. With the purchases of Consumers Petroleum of Connecticut, Miller Oil Co. and Tidewater Convenience, we added more than 60 company-operated convenience markets and related fuel operations as well as fuel supply arrangements at more than 55 additional sites. Today's call will include forward-looking statements within the meaning of Federal securities laws. United Kingdom - GLP Europe For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. Gregory Hanson: Thank you, Eric, and good morning, everyone. Global Partners LP (NYSE:GLP) Shares Sold by Tower Research Capital LLC The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. For companies across our industry and many others, 2022 was a year of significant challenges, including supply chain constraints, steep commodity price volatility, inflation, a tough labor market in the war in Ukraine. Global Partnerss dividend payout ratio is 25.32%. Fund Management & Investment GLP Capital Partners is the exclusive fund manager and investment advisor of GLP, a leading global business builder, investor, developer and operator. How is GLP related to GLP Capital Partners? Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). GCP Capital Partners - Home Investing in Firms with Significant Potential Seasoned private equity professionals making both control and influential minority investments in high-growth and select cyclical-growth industries Chief Operating Officer at GLP Capital Partners Englewood, Colorado, United States 1K followers 500+ connections Join to connect GLP Capital Partners (GCP) Activity Congratulations Karolina. Selected profiles of other Operating Partners are also shown below. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. Now, Greg, Mark and I will be happy to take your questions. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). Global Partners LP (GLP) Stock Price, News, Quote & History - Yahoo Finance U.S. markets closed Dow Futures -65.00 (-0.39%) Global Partners LP (GLP) NYSE - Nasdaq Real Time Price.. Over the years, we have formed multiple partnerships with organizations around the globe to expand our capabilities in logistics, real estate, infrastructure, solar energy, finance, private equity, technology and more. Tower Research Capital LLC TRC Raises Stock Holdings in Innoviva, Inc. (NASDAQ:INVA), Tower Research Capital LLC TRC Trims Holdings in SPDR S&P Pharmaceuticals ETF (NYSEARCA:XPH), Get a free copy of the StockNews.com research report on Global Partners (GLP), Hormel Hits 2-Year Low, And The Dip Gets Bought, Heres Why Ross Could Soon Be Hitting All Time Highs. Copyright 2020 GLP. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. Hong Kong SAR. To learn more about GLP Capital Partners, visit www.gcp.com. Brandywine Realty Trust. Our team successfully navigated through these challenges. All Rights Reserved. Overnight on Wall Street is daytime in Asia. To continue reading the Q&A session, please click here. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. The company was formerly listed on SGX-ST between 2010 to 2018. GLP Capital Partners on LinkedIn: GLP Capital Partners announces new From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. #ABS #CLOs #HighYield, Principal and Director of Research at Buckingham Family of Financial Services, IMO the greatest anomaly in finance is despite horrific performance hedge fund assets have grown about 15x over past 30 years. In January, the Board declared a fourth quarter cash distribution of $1.5725 per unit on all of our outstanding common units consisting of a quarterly distribution of $0.6350 per unit, $2.54 per unit on an annualized basis and a onetime special distribution of $0.9375 per common unit. Receive News & Ratings for Global Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Partners and related companies with MarketBeat.com's FREE daily email newsletter. It specializes in acquisitions, development, operations, technology, and e-commerce. Copyright 2020 GLP. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Product margin from other oils and related products, which include distillates and residual oil, was up $48.5 million to $59.4 million, primarily due to more favorable market conditions in distillates. Solartility platform leases panels, storage batteries and bi-directional meters. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. GLP Capital Partners (GCP) is planning to raise $2bn (1.6bn) for its value-add US industrial fund GLP Capital Partners IV, according to sources. Copyright 2020 GLP. The company announced the . GLP Capital Partners Releases 2021 ESG Report - PR Newswire Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. Santa Monica, California, United States 1-10 Venture Capital Early Stage Venture www.glpcp.com/ 10,144 Highlights Investments 6 Employee Profiles 5 Contacts 21 Similar Companies 5 GLP is a privately owned company incorporated in Singapore. Property Logistics Specialist GLP Plans IPO for Investment Arm - WSJ News Corp is a global, diversified media and information services company focused on creating and distributing authoritative. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. We are excited to work together on their flagship strategy! GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. Pallas Capital Advisors LLC now owns 1,382,449 shares of the energy companys stock worth $46,312,000 after purchasing an additional 36,458 shares in the last quarter.