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

Impact · against what's priced in

Global Partners LP shows strong distribution coverage and commodity-driven revenue growth, though negative operating cash flow remains a risk. The outlook is moderately positive as the yield and payout sustainability provide a floor for income-focused investors.

GLP+0.30

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In context

The company's 2.97x distributable cash flow coverage ratio supports its 6.31% yield, although negative operating cash flow offsets some of the gains from elevated gasoline and crude prices.

Read from the article alone

• earnings▲9%
• energy▲4%
• GLP
• commodity pricing
• crude oil
• dividend yield
• downstream
• gasoline