Global Partners LP sets Aug 15 payment for Series B preferred dividend

Rhea-AI Filing Summary

Global Partners LP (NYSE: GLP) filed a Form 8-K (Item 7.01) to disclose a routine preferred-unit distribution. The Board of its general partner declared a quarterly cash distribution of $0.59375 per Series B preferred unit, equivalent to $2.375 annually, covering the period 15 May 2025 – 14 Aug 2025. The distribution will be paid on 15 Aug 2025 to Series B preferred unitholders of record at the opening of business on 1 Aug 2025. No other operational, financial or strategic developments were reported. The information is furnished, not filed, under Regulation FD and is accompanied by the press release (Exhibit 99.1).

Positive

• Continuation of preferred cash distributions signals adequate liquidity and no deferral risk for Series B holders.

Negative

• None.

Insights

MLP & Income-Securities Analyst

TL;DR: Routine preferred distribution; neutral impact on common units

The 9.50% Series B preferred units continue to receive their scheduled dividend, indicating GLP’s stable cash flow and adherence to preferred obligations. Because preferred distributions are cumulative and senior to common payouts, the announcement mainly reassures preferred holders rather than common unitholders. Payment timing and amount are consistent with prior quarters; there is no change to corporate guidance or capital allocation strategy. Therefore, the filing is informational with limited market impact.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): July 14, 2025

GLOBAL PARTNERS LP

(Exact name of registrant as specified in its charter)

Delaware	001-32593	74-3140887
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

P.O. Box 9161

800 South Street

Waltham, Massachusetts 02454-9161

(Address of Principal Executive Offices)

(781) 894-8800

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Units representing limited partner interests		GLP		New York Stock Exchange
9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests		GLP pr B		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 7.01. Regulation FD Disclosure

On July 14, 2025, Global Partners LP (the “Partnership”) issued a press release announcing that the Board of Directors of its general partner, Global GP LLC, declared a quarterly cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Partnership’s 9.50% fixed-rate Series B preferred units for the period from May 15, 2025 through August 14, 2025. On August 15, 2025, the Partnership will pay such cash distribution to its Series B preferred unitholders of record as of the opening of business on August 1, 2025.

A copy of the Partnership’s press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 7.01 and in Exhibit 99.1 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, unless the Partnership specifically states that the information is to be considered “filed” under the Exchange Act or incorporates it by reference into a filing under the Exchange Act or the Securities Act of 1933, as amended.

Item 9.01. Financial Statements and Exhibits

(d)	Exhibit
99.1	Global Partners LP Press Release dated July 14, 2025
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	GLOBAL PARTNERS LP
	By:	Global GP LLC
		its general partner
Dated:  July 14, 2025	By:	/s/ Sean T. Geary
		Sean T. Geary
		Chief Legal Officer and Secretary

FAQ

What distribution did Global Partners LP (GLP) declare for its Series B preferred units?

GLP declared a $0.59375 quarterly cash distribution per Series B preferred unit.

When is the Series B preferred distribution payable?

The payment date is August 15, 2025.

What is the record date for GLP’s Series B preferred distribution?

Holders must be on record at the opening of business on August 1, 2025.

What is the annualized rate of the Series B preferred distribution?

The annualized rate is $2.375 per unit, consistent with the 9.50% fixed rate.

Does this 8-K contain new information for common unitholders?

No material updates for common units were provided; the filing pertains solely to the Series B preferred distribution.