Results significantly exceeded prior year across all profit metrics, with notable strength in wholesale gasoline margins (+33% product margin) and GDSO gasoline distribution (+27% product margin). The preferred redemption simplifies the capital structure and eliminates $1.78M quarterly preferred distributions, boosting cash available to common unitholders. Watch for potential further distribution increases given strong coverage and reduced preferred obligations.
Price Chart
Executive Summary
Global Partners LP reported Q2 2026 net income of $71.0M ($1.86/diluted unit), up from $25.2M ($0.55) a year ago, driven by strong performance across all segments. The company also fully redeemed its Series B Preferred Units on July 30, 2026 and increased its quarterly common distribution to $0.78 per unit. Adjusted EBITDA rose to $148.2M from $98.2M in Q2 2025.
Key Financial Metrics
Key Facts
- Q2 2026 net income $71.0M vs $25.2M in Q2 2025
- Diluted EPS $1.86 vs $0.55 in prior-year quarter
- Adjusted EBITDA $148.2M, up 51% from $98.2M
- Distributable cash flow $92.6M vs $52.0M
- Sales $6.8B vs $4.6B (+48% YoY)
- All three segments (GDSO, Wholesale, Commercial) posted product margin increases
- Fully redeemed Series B Preferred Units on July 30, 2026 at $25.00 per share
- Common distribution increased to $0.78/unit ($3.12 annualized), up from $0.7650 prior quarter
Financial Impact
Net income rose 182% YoY; Adjusted EBITDA up 51%; DCF nearly doubled
Risk Factors
- Volatility in wholesale petroleum margins, particularly distillates and residual oil which declined YoY
- GDSO volume declined 8% YoY to 351M gallons, partially offset by higher margins
- Sales growth of 47% driven partly by higher commodity prices, which may not persist
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-092378 |
| Document: tm2622227d1_8k.htm | 0001104659-26-092378 |
| Document: 0001104659-26-092378-index-headers.html | 0001104659-26-092378 |
| Document: 0001104659-26-092378-index.html | 0001104659-26-092378 |
| Document: 0001104659-26-092378.txt | 0001104659-26-092378 |
| 8-K Data (Synthetic) | 0001104659-26-092378 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 7w ago | 15-12G | $50.01 $53.47 | ▲ +6.92% | ▲ +7.98% | $46.61 (−6.80%) |
Aug 7, 2026 8w ago | 8-K | $50.18 $52.70 | ▲ +5.02% | ▲ +5.42% | $46.61 (−7.11%) |
Jul 30, 2026 9w ago | 25-NSE | $48.97 $50.40 | ▲ +2.92% | ▼ −1.05% | $46.61 (−4.82%) |
Jul 29, 2026 9w ago | 8-K | $48.46 $50.08 | ▲ +3.34% | ▼ −1.68% | $46.61 (−3.82%) |
Jun 29, 2026 13w ago | 8-K | $46.59 $48.22 | ▲ +3.50% | ▲ +4.53% | $46.61 (+0.04%) |
Jun 16, 2026 15w ago | Insider Buy | $43.40 $48.84 | ▲ +12.53% | ▲ +11.22% | $46.61 (+7.40%) |
Jun 11, 2026 16w ago | Insider Buy | $47.13 $48.33 | ▲ +2.55% | ▲ +0.77% | $46.61 (−1.10%) |
Jun 8, 2026 16w ago | Insider Buy | $48.22 $48.47 | ▲ +0.52% | ▼ −0.93% | $46.61 (−3.34%) |
May 8, 2026 21w ago | 8-K | $25.39 $25.51 | ▲ +0.49% | ▲ +0.46% | $46.61 (+83.60%) |
Apr 30, 2026 22w ago | 8-K | $25.31 $25.39 | ▲ +0.31% | ▼ −4.66% | $46.61 (+84.15%) |
US Market Status
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