Post Content
Global Partners LP (NYSE:GLP) is one of the MLP Stocks List: 20 Largest MLPs.
On March 13, 2026, Global Partners LP (NYSE:GLP) improved its liquidity by exercising a $300 million accordion feature under its existing credit facility. This temporary expansion of working capital commitments is available for up to 364 days (after which it falls to zero) and provides short-term financial flexibility for operations as well as inventory management. In addition, Global Partners LP (NYSE:GLP) received lender approval to reallocate $200 million from its Aggregate Revolver Commitment to working capital. With these adjustments, the company optimizes its capital mix and improves its responsiveness to the changes in the energy and fuel markets. The core terms of the company’s December 2025 credit agreement remain unchanged.
In another development, on March 2, 2026, Stifel adjusted its price target for Global Partners LP (NYSE:GLP), raising it from $45 to $46. The firm’s analyst Selman Akyol maintained a Hold rating on the stock. Prior to this, in a separate event, Selman Akyol participated in the company’s fourth-quarter earnings call and raised questions over CapEx distribution and data analytics. According to management, an uptick in spending is expected as the company intends to expand the logistics, throughput, and physical capacity of recently acquired terminals, with plans to embed AI capabilities in modeling to drive both cost efficiencies and margin improvements.
Founded in 2005, Global Partners LP (NYSE:GLP) is a Fortune 500 midstream energy company and a leading wholesale distributor of petroleum products. Its headquarters is in Massachusetts. The company has over 1,700 retail fueling locations across the Northeast, Mid-Atlantic, and Texas.
While we acknowledge the potential of GLP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 11 Best Stocks You’ll Wish You Bought Sooner and 10 Top Stocks Fund Managers Are Loading Up On in 2026
Disclosure: None. Follow Insider Monkey on Google News.