as of 09-02-2026 4:00pm EST
Global Partners LP is a limited partnership that acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the GDSO segment.
| Founded: | 2005 | Country: | United States |
| Employees: | N/A | City: | NEWTON |
| Market Cap: | 1.7B | IPO Year: | 2005 |
| Target Price: | $46.00 | AVG Volume (30 days): | 65.4K |
| Analyst Decision: | Hold | Number of Analysts: | 1 |
| Dividend Yield: | Dividend Payout Frequency: | N/A | |
| EPS: | N/A | EPS Growth: | N/A |
| 52 Week Low/High: | $39.58 - $53.00 | Next Earning Date: | 05-08-2026 |
| Revenue: | $18,561,421,000 | Revenue Growth: | 8.14% |
| Revenue Growth (this year): | 64.13% | Revenue Growth (next year): | 11.74% |
| P/E Ratio: | 23.28 | Index: | N/A |
| Free Cash Flow: | 193.3M | FCF Growth: | N/A |
SEC 8-K filings with transcript text
Aug 7, 2026 · 100% conf.
1D
+0.46%
$50.41
Act: -0.34%
5D
+2.30%
$51.33
Act: +1.30%
20D
+4.52%
$52.45
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FOR
Contacts:
Gregory B. Hanson Kristin K. Seabrook
Chief Financial Officer Chief Legal Officer and Secretary
Global Partners LP Global Partners LP
(781) 894-8800 (781) 894-8800
Global Partners LP Reports Second-Quarter 2026 Financial Results
Newton, Mass., August 7, 2026 – Global Partners LP (NYSE: GLP) today reported financial results for the second quarter ended June 30, 2026.
CEO Commentary
“The second quarter was marked by strong contributions in all of our segments, with our business executing well in a dynamic market environment,” said Eric Slifka, the Partnership’s President and Chief Executive Officer. “The breadth of our liquid energy platform enables us to create and capture value across market conditions, as reflected in our performance this quarter.
Looking ahead, we remain committed to pursuing growth where it creates durable value, deploying capital with discipline and managing the business for the long term,” Slifka said. “The quality of our assets and the strength of our balance sheet provide flexibility and position us to deliver attractive returns for our unitholders.”
Second-Quarter
2026 Financial Highlights
Net income in the second quarter of 2026 was $71.0 million, or $1.86 per diluted common limited partner unit, compared with net income of $25.2 million, or $0.55 per diluted common limited partner unit, in the same period of 2025.
Earnings before interest, taxes, depreciation and amortization (EBITDA) was $146.0 million in the second quarter of 2026 compared with $95.7 million in the same period of 2025.
Adjusted EBITDA was $148.2 million in the second quarter of 2026 versus $98.2 million in the same period of 2025.
Distributable cash flow (DCF) was $92.6 million in the second quarter of 2026 compared with $52.0 million in the same period of 2025.
Adjusted DCF was $92.5 million in the second quarter of 2026 compared with $52.3 million in the same period of 2025.
adjusted EBITDA, DCF and adjusted DCF for the second quarter of 2025 included a loss on early extinguishment of debt of $2.8 million related to the 2025 redemption of the Partnership’s 7.00% senior notes due 2027.
Gross profit in the second quarter of 2026 was $328.9 million compared with $272.4 million in the same period of 2025.
Combined product margin, which is gross profit adjusted for depreciation allocated to cost of sales, was $362.2 million in the second quarter of 2026 compared with $305.7 million in the same period of 2025.
Combined product margin, EBITDA, adjusted EBITDA, DCF and adjusted DCF are non-GAAP (Generally Accepted Accounting Principles) financial measures, which are explained in greater detail below under “Use of Non-GAAP Financial Measures.” Please refer to Financial Reconciliations included in this news release for reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures for the three and six months ended June 30, 2026, and 2025.
Gasoline Distribution and Station Operations (GDSO) segment product margin was $245.2 million in the second quarter of 2026 compared with $207.9 million in the same period of 2025. Product margin from gasoline distribution increased to $175.0 million from $137.9 million in the year-earlier period, primarily due to higher fuel margins (cents per gallon). Product margin from station operations was $70.2 million compared with $70.0 million in the second quarter of 2025.
Wholesale segment product margin was $106.5 million in the second quarter of 2026 compared with $91.7 million in the same period of 2025. Gasoline and
gasoline blendstocks product margin increased to $78.4 million from $58.8 million in the same period of 2025, primarily reflecting more favorable market conditions in gasoline. Product margin from distillates and other oils decreased to $28.1 million in the second quarter of 2026 from $32.9 million in the same period of 2025, primarily due to less favorable market conditions in residual oil.
Commercial segment product margin increased to $10.5 million in the second quarter of 2026 from $6.1 million in the same period of 2025, primarily reflecting more favorable market conditions in bunkering.
Total sales were $6.8 billion in the second quarter of 2026 compared with $4.6 billion in the same period of 2025. Wholesale segment sales were $4.9 billion in the second quarter of 2026 compared with $3.1 billion in the same period of 2025. GDSO segment sales were $1.5 billion in the second quarter of 2026 compared with $1.2 billion in the same period of 2025. Commercial segment sales were $370.2 million in the second quarter of 2026 compared with $275.8 million in the same period of 2025.
Total volume was 2.0 billion gallons in the second quarters of 2026 and 2025. Wholesale segment volume was 1.5 billion gallons in the second quarters of 2026 and 2025. GDSO volume was 351.2 million gallons in the second quarter of 2026 compa
May 8, 2026
2 tm2613603d1_ex99-1.htm
Exhibit 99.1
Contacts:
Gregory B. Hanson Kristin K. Seabrook
Chief Financial Officer Chief Legal Officer and Secretary
Global Partners LP Global Partners LP
(781) 894-8800 (781) 894-8800
Global Partners LP Reports First-Quarter 2026
Financial Results
Waltham, Mass., May 8, 2026 – Global Partners LP (NYSE: GLP) today reported financial results for the first quarter ended March 31, 2026.
CEO Commentary
“Solid execution across all operating segments drove strong first-quarter results for Global,” said Eric Slifka, the Partnership’s President and Chief Executive Officer. “Performance this quarter reflects the advantages of our integrated platform in a dynamic market environment.
“Our strategy is built to adapt to changing market conditions, optimize our assets and focus on maximizing returns,” Slifka said. “That disciplined approach continues to guide how we run the business and deliver value for our unitholders.”
First-Quarter 2026 Financial Highlights
Net income in the first quarter of 2026 was $70.1 million, or $1.85 per diluted common limited partner unit, compared with net income of $18.7 million, or $0.36 per diluted common limited partner unit, in the same period of 2025.
Earnings before interest, taxes, depreciation and amortization (EBITDA) was $142.1 million in the first quarter of 2026 compared with $91.9 million in the same period of 2025.
Adjusted EBITDA was $140.4 million in the first quarter of 2026 versus $91.3 million in the same period of 2025.
Distributable cash flow (DCF) was $96.4 million in the first quarter of 2026 compared with $45.7 million in the same period of 2025.
Adjusted DCF was $96.8 million in the first quarter of 2026 compared with $46.5 million in the same period of 2025.
Gross profit in the first quarter of 2026 was $332.2 million compared with $255.2 million in the same period of 2025.
Combined product margin, which is gross profit adjusted for depreciation allocated to cost of sales, was $365.1 million in the first quarter of 2026 compared with $288.6 million in the same period of 2025.
Combined product margin, EBITDA, adjusted EBITDA, DCF and adjusted DCF are non-GAAP (Generally Accepted Accounting Principles) financial measures, which are explained in greater detail below under “Use of Non-GAAP Financial Measures.” Please refer to Financial Reconciliations included in this news release for reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures for the three months ended March 31, 2026, and 2025.
Gasoline Distribution and Station Operations (GDSO) segment product margin was $199.3 million in the first quarter of 2026 compared with $187.9 million in the same period of 2025. Product margin from gasoline distribution increased to $136.7 million from $125.8 million in the year-earlier period, primarily due to higher fuel margins (cents per gallon). Product margin from station operations was $62.6 million compared with $62.1 million in the first quarter of 2025, due in part to an increase in sundries.
Wholesale segment product margin was $154.1 million in the first quarter of 2026 compared with $93.6 million in the same period of 2025. Gasoline and gasoline blendstocks product margin was $101.2 million compared with $57.1 million in the same period of 2025, primarily due to more favorable market conditions, largely in gasoline. Product margin from distillates and other oils was $52.9 million in the first quarter of 2026 compared with $36.5 million in the same period of 2025, primarily due to more favorable market conditions, largely in residual oil.
Commercial segment product margin was $11.7 million in the first quarter of 2026 compared with $7.1 million in the same period of 2025, in part due to more favorable market conditions.
Total sales were $5.3 billion in the first quarter of 2026 compared with $4.6 billion in the same period of 2025. Wholesale segment sales were $3.8 billion in the first quarter of 2026 compared with $3.2 billion in the same period of 2025. GDSO segment sales were $1.1 billion in the first quarters of 2026 and 2025. Commercial segment sales were $367.4 million in the first quarter of 2026 compared with $275.1 million in the same period of 2025.
Total volume was 2.1 billion gallons in the first quarter of 2026 compared with 1.9 billion gallons in the same period of 2025. Wholesale segment volume was 1.6 billion gallons in the first quarter of 2026 compared with 1.4 billion gallons in the same period of 2025. GDSO volume was 331.9 million gallons in the first quarter of 2026 compared with 357.6 million gallons in the same period of 2025. Commercial segment volume was 166.8 million gallons in the first quarter of 2026 compared with 124.8 million gallons in the same period of 2025.
Recent Developments
·Global Partners announced a cash distribution of $0.7650 per unit ($3.06 per unit on an annualized basis)
Feb 27, 2026
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Exhibit 99.1
Contacts:
Gregory B. Hanson
Kristin K. Seabrook
Chief Financial Officer
Chief Legal Officer and Secretary
Global Partners LP
Global Partners LP
(781) 894-8800
(781) 894-8800
Global Partners Reports Fourth-Quarter and Full-Year 2025
Financial Results
Waltham, Mass., February 27, 2026 – Global Partners LP (NYSE: GLP) (“Global Partners” or the “Partnership”) today reported financial results for the fourth quarter and full year ended December 31, 2025.
CEO Commentary
“We closed 2025 with a fourth quarter that reflected the strength and resilience of our integrated platform,” said Eric Slifka, President and Chief Executive Officer. “Built and refined over more than 90 years, our diversified business model and broad network provide a durable competitive advantage, positioning us to navigate market cycles and adapt to dynamic market conditions while meeting the needs of the markets, customers and communities we serve.
“The flexibility of our business model was reflected in the strong fourth-quarter performance of our Gasoline Distribution and Station Operations segment, which helped to offset less favorable market conditions in our Wholesale segment,” Slifka said. “As an owner, supplier, and operator of liquid energy terminals and retail fueling locations, our scale enables us to capture opportunities across the value chain, helping to balance segment variability and support consistent results over time.”
Slifka concluded, “Backed by a strong balance sheet and healthy cash flow generation, we enter 2026 focused on disciplined execution and continued investment in our diversified portfolio to enhance long-term value for our unitholders.”
Fourth-Quarter
and Full-Year 2025 Financial Highlights
Net income was $25.1 million, or $0.54 per diluted common limited partner unit, for the fourth quarter of 2025, compared with net income of $23.9 million, or $0.52 per diluted common limited partner unit, in the same period of 2024. Net income was $98.0 million, or $2.11 per diluted common limited partner unit, for full-year 2025 compared with net income of $110.3 million, or $2.41 per diluted common limited partner unit, for full-year 2024.
Earnings before interest, taxes, depreciation and amortization (EBITDA) was $94.1 million in the fourth quarter of 2025 compared with $94.6 million in the same period of 2024. EBITDA was $378.8 million for full-year 2025 compared with $389.4 million for full-year 2024.
Adjusted EBITDA was $94.8 million in the fourth quarter of 2025 versus $97.8 million in the same period of 2024. Adjusted EBITDA was $383.0 million for full-year 2025 versus $389.1 million for full-year 2024.
Distributable cash flow (DCF) was $38.4 million in the fourth quarter of 2025 compared with $45.7 million in the same period of 2024. DCF was $189.1 million for full-year 2025 compared with $205.8 million for full-year 2024.
Adjusted DCF was $38.8 million in the fourth quarter of 2025 compared with $46.1 million in the same period of 2024. Adjusted DCF was $190.9 million for full-year 2025 compared with $208.2 million for full-year 2024.
Gross profit was $263.1 million in the fourth quarter of 2025 compared with $268.8 million in the same period of 2024. Gross profit was $1.1 billion for full-year 2025 and 2024.
Combined product margin, which is gross profit adjusted for depreciation allocated to cost of sales, was $295.7 million in the fourth quarter of 2025 compared with $302.0 million in the same period of 2024. Combined product margin was $1.2 billion for full-year 2025 and 2024.
Combined product margin, EBITDA, adjusted EBITDA, DCF and adjusted DCF are non-GAAP (Generally Accepted Accounting Principles) financial measures, which are explained in greater detail below under “Use of Non-GAAP Financial Measures.” Please refer to Financial Reconciliations included in this news release for reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures for the three months and 12 months ended December 31, 2025, and 2024.
Gasoline Distribution and Station Operations (GDSO) segment product margin was $231.3 million in the fourth quarter of 2025 compared with $213.6 million in the same period of 2024. Product margin from gasoline distribution was $165.6 million compared with $145.7 million in the year-earlier period, primarily reflecting higher fuel margins (cents per gallon). Product margin from station operations was $65.7 million in the fourth quarter of 2025 compared with $67.9 million in the fourth quarter of 2024.
Wholesale segment product margin was $58.3 million in the fourth quarter of 2025 compared with $79.8 million in the same period of 2024. Gasoline and gasoline blendstocks product margin decreased to $28.1 million in the fourth quarter of 2025 from $38.6 million in the same period of 2024, driven primarily by less favorable market conditions in gasoline. Product margin from disti
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