Global Partners (GLP) Soars 6.8%: Is Further Upside Left in the Stock?

Company Overview - Global Partners LP (GLP) shares increased by 6.8% to close at $56.69, with a notable volume of shares traded, reflecting strong investor interest [1] - The stock has gained 14.1$0.5 million in funding from the New Hampshire Volkswagen Environmental Mitigation Trust DCFC Infrastructure program, highlighting a significant growth strategy [2] Dividend Information - The board of directors declared a quarterly cash dividend of 74 cents per unit, representing a 1.4% sequential increase, to be paid on February 14, 2025 [2] - This combination of expansion efforts and a growing dividend likely contributed to investor optimism [2] Earnings Expectations - The company is expected to report quarterly earnings of $0.24 per share, reflecting a year-over-year decline of 83$5.8 billion, marking a 31.6% increase from the same quarter last year [3] Stock Performance Insights - The consensus EPS estimate for Global Partners has remained unchanged over the last 30 days, suggesting stability in earnings expectations [4] - The stock's price typically does not continue to rise without trends in earnings estimate revisions, indicating the importance of monitoring future earnings updates [4] Industry Context - Global Partners operates within the Zacks Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, where Targa Resources, Inc. (TRGP) also operates [4] - Targa Resources has seen a 1.2% increase in its stock price, with a 13.7% return over the past month, reflecting positive industry trends [4][5]