- Global Partners delivered very solid YOY growth in all metrics, which we would sort of expect from a gasoline seller in today's environment.
- The partnership saw increased business from its retail stations and commercial units, which is a clear sign of recovery from the pandemic and bodes well going forward.
- The company conducted two acquisitions during the quarter, which will provide a slight boost to the company's second-quarter performance.
- The 9.58% distribution yield appears to be very well covered.
- Global Partners is one of the only downstream MLPs available, and it may be a good diversifier for a portfolio consisting of upstream or midstream plays.
For further details see:
Global Partners: Results Show Solid 9%+ Yielder With Growth Prospects