GLP

The Oil and Gas - Refining & Marketing MLP industry is well-positioned with a Zacks Industry Rank of #40 (top 16%), supported by diversified business models, stronger balance sheets, and improving earnings expectations. The industry has outperformed the S&P 500 (46.2% vs 16.2% over the past year) and trades at a reasonable 12.25X EV/EBITDA. Three stocks highlighted are Western Midstream Partners (Rank #1), Global Partners (Rank #2), and NGL Energy Partners (Rank #3), each benefiting from fee-based contracts, integrated operations, and long-term commitments.

Recent economic data shows PCE inflation came in softer than expected while Q2 GDP exceeded expectations. Market attention is now focused on the upcoming Friday employment report. The article highlights Global Partners (GLP) as a value stock pick with a Zacks Rank #2 (Buy) rating, featuring attractive valuation metrics including a P/B ratio of 2.73 and P/CF ratio of 6.78.