Debt Refinancing and Strong Earnings Drive Optimism for Global Partners LP (GLP)

Global Partners LP (NYSE:GLP) is one of the 11 Best Energy Dividend Stocks to Invest in.

Following the completion of $450 million senior notes placement, the company announced positive and strong Q2 2025 earnings results.

Based in Massachusetts, Global Partners LP (NYSE:GLP) is a publicly traded master limited partnership. It is a leading owner, supplier, and operator of liquid energy terminals, fuelling locations, and convenience stores. With operations covering the purchasing, selling, storing, and transporting of various petroleum products and renewable fuels, the company serves customers in the Northeast, Mid-Atlantic, and other regions of the U.S.

On June 23, 2025, Global Partners LP (NYSE:GLP) completed a private placement of $450 million in senior notes. The notes, due in 2033, have an interest rate of 7.125% per annum. The company intends to use the proceeds to fund a cash tender offer for its outstanding 7% senior notes due in 2027. Also, the company will use a portion to repay part of the borrowings under its credit agreement.

After optimizing its debt structure, the company released its Q2 earnings results on August 7, 2025. The report highlighted growth in net income by 8%, adjusted EBITDA by 7%, and adjusted DCF by 9% year-over-year. Marking the 15^th consecutive increase, the company also announced the approval of a quarterly cash distribution of $0.75 per unit.

Global Partners LP (NYSE:GLP) offers a dividend yield of 5.87%, supported by a payout ratio of 118.65%, suggesting an attractive income accompanied by moderate risks.

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Disclosure: None. This article is originally published at Insider Monkey.