GLOBAL PARTNERS LP (GLP) SEC Filings

Global Partners LP, a master limited partnership operating fuel terminals, wholesale distribution and gasoline stations, reported sharply higher results for the three and six months ended June 30, 2026. Q2 sales were $ 6,792,088 (in thousands) versus $ 4,626,925 (in thousands) a year earlier, with gross profit of $ 328,941 (in thousands). Net income rose to $ 70,985 (in thousands), and net income attributable to common limited partners was $ 63,328 (in thousands), or basic earnings of $ 1.87 per unit, compared with $ 0.55.

For the first half of 2026, sales reached $ 12,113,888 (in thousands) and net income was $ 141,121 (in thousands). Net cash provided by operating activities increased to $ 204,722 (in thousands). Total assets were $ 4,021,551 (in thousands) and partners’ equity grew to $ 748,567 (in thousands). Total available commitments under the senior secured credit facility were $ 1,800,000 (in thousands), with $ 1,437,100 (in thousands) of remaining availability for borrowings and letters of credit, and required covenants were met. The board declared a Q2 2026 common distribution of $ 0.7800 per unit, payable August 14, 2026, and all 3,000,000 9.50% Series B preferred units were redeemed on July 30, 2026 at $ 25.00 per unit plus a final cash distribution.

Global Partners LP reported substantially higher second-quarter 2026 results, with net income of $71.0 million and diluted earnings of $1.86 per common limited partner unit, compared with $25.2 million and $0.55 a year earlier. Total sales were $6.8 billion versus $4.6 billion, while gross profit increased to $328.9 million from $272.4 million.

EBITDA was $146.0 million and adjusted EBITDA $148.2 million, up from $95.7 million and $98.2 million. Distributable cash flow was $92.6 million and adjusted distributable cash flow $92.5 million, compared with $52.0 million and $52.3 million. Combined product margin grew to $362.2 million from $305.7 million, driven by higher product margins across Gasoline Distribution and Station Operations, Wholesale and Commercial segments. Management highlighted “strong contributions in all of our segments” and said the asset base and balance sheet support disciplined capital deployment and long-term growth.

Global Partners LP redeemed all of its 3,000,000 Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units on July 30, 2026. Each unit was redeemed at a $25.00 per unit redemption price plus a cash distribution for the period from May 15, 2026 through July 29, 2026, less applicable tax withholding. The redemption price and cash distribution were paid in full on July 30, 2026, and the Series B Preferred Units are no longer outstanding.

Global Partners LP is removing its 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units, representing limited partner interests, from listing and registration on the New York Stock Exchange LLC. The exchange certifies that it has complied with its rules to strike this class from listing, and the issuer has complied with exchange rules and 17 CFR 240.12d2-2(c) governing the voluntary withdrawal of this class of securities from listing and registration.

Global Partners LP declared a quarterly cash distribution of $0.7800 per common unit for the period from April 1, 2026 through June 30, 2026, equivalent to $3.12 per unit on an annualized basis. The distribution will be paid on August 14, 2026 to unitholders of record as of the close of business on August 10, 2026.

For non-U.S. investors, brokers and nominees are instructed to treat 100% of distributions as income effectively connected with a United States trade or business and as exceeding cumulative net income. As a result, these distributions are subject to federal income tax withholding at a rate equal to the highest applicable effective tax rate plus 10%, with nominees acting as the withholding agents.

Global Partners LP schedules a revision to its beneficial ownership disclosure. The amendment reports 5,844,099 common units held by ALPS Advisors, Inc. and the Alerian MLP ETF, representing 17.19% of the outstanding common units.

The filing states that ALPS Advisors, Inc. is the investment adviser to the Alerian MLP ETF and disclaims beneficial ownership of the securities, which are owned by the fund. The statement is certified by Matthew Sutula, Chief Compliance Officer.

Global Partners LP plans to fully redeem its Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units on July 30, 2026. Holders will receive a cash redemption price of $25.00 per Series B Preferred Unit plus all unpaid and accrued distributions up to, but excluding, the redemption date.

After the redemption, no Series B Preferred Units will remain outstanding, and all holder rights will end other than the right to receive the redemption payment. Trading of the Series B Preferred Units on the New York Stock Exchange will cease before the market opens on the redemption date.

Global GP LLC, the general partner of Global Partners LP, reported open‑market purchases of a total of 10,000 common units representing limited partner interests over two days. It bought 5,000 units on June 17 at a weighted average price of about $43.28 per unit and 5,000 units on June 18 at a weighted average price of about $42.81 per unit. After these transactions, Global GP LLC directly holds 146,584 common units. According to the disclosure, the units are being purchased to satisfy obligations under the Global Partners LP Long‑Term Incentive Plan, and Global GP LLC disclaims pecuniary interest and beneficial ownership for Section 16 purposes.