Welcome to our dedicated page for Global Partners Lp SEC filings (Ticker: GLP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Global Partners LP (GLP) SEC filings page provides direct access to the Partnership’s regulatory disclosures, along with AI-powered tools to help interpret complex documents. As a master limited partnership listed on the New York Stock Exchange, Global Partners files a range of reports that describe its operations in the marketing, storage, and distribution of petroleum and related products, as well as its liquid energy terminals and retail fueling network.
Through this page, users can review Current Reports on Form 8-K, which Global Partners uses to announce material events such as quarterly and year-to-date financial results, cash distributions on common and 9.50% Series B preferred units, capital markets transactions, and material definitive agreements like senior note indentures. These filings often incorporate press releases that detail segment performance in Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial, and they explain non-GAAP measures such as product margin, EBITDA, adjusted EBITDA, distributable cash flow, and adjusted distributable cash flow.
Investors can also locate references to Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, which Global Partners cites in its press releases for additional information on risk factors and financial details. For those tracking governance and executive matters, Form 8-K and 8-K/A filings describe changes in directors and officers, employment agreements, and director compensation.
Stock Titan enhances these filings with AI-powered summaries that highlight key points, explain technical terms, and surface important items such as distribution declarations, debt issuance and redemption terms, and covenant descriptions. Real-time updates from EDGAR ensure that new GLP filings, including any Form 4 insider transaction reports when available, appear promptly. This makes it easier to understand how Global Partners manages its capital structure, evaluates performance, and communicates with unitholders through its SEC reporting.
GLOBAL PARTNERS LP director Robert W. Owens received an equity award of 3,618 phantom units. These units were granted on February 26, 2026 at no cash cost and will vest 100% on January 6, 2027 if the grant’s vesting conditions are met. Each phantom unit will convert into one common unit representing a limited partner interest in the partnership upon vesting, aligning the director’s compensation more closely with common unitholder value.
HAILER JOHN T reported acquisition or exercise transactions in this Form 4 filing.
GLOBAL PARTNERS LP director John T. Hailer received an equity-based compensation grant in the form of 3,618 Phantom Units on February 26, 2026. Each Phantom Unit represents the right to receive one common unit of the partnership on a one-for-one basis after vesting.
According to the grant terms, 100% of the 3,618 Phantom Units will vest on January 6, 2027, if the vesting conditions in the grant agreement are satisfied. After this filing, Hailer directly held 13,314 common units representing limited partner interests, separate from the Phantom Units.
Global GP LLC, the general partner of Global Partners LP, reported two Form 4 transactions involving common units under the partnership’s long-term incentive plan. It delivered 247,928 common units to satisfy grant agreements dated August 22, 2023, using a reference price of $48.19 per unit, based on the issuer’s February 24, 2026 closing price. It also withheld 119,871 common units from certain award recipients who elected a cashless exercise to cover tax withholding, resulting in 24,153 common units held afterward. The reporting person disclaims any pecuniary interest in these units and does not admit beneficial ownership for Section 16 purposes.
GLOBAL PARTNERS LP Chief Financial Officer Gregory B. Hanson reported equity compensation transactions involving common units and phantom units. He was granted 19,898 Phantom Units on February 26, 2026, which each represent the right to receive one common unit upon vesting, in three equal installments in 2027, 2028, and 2029.
On February 25, 2026, he acquired 32,618 common units representing limited partner interests that were earned from a prior performance phantom unit award, with all earned units settling in common units. On the same date, 15,770 common units were withheld at his request to cover tax withholding obligations, leaving him with 87,085 common units directly owned after these transactions.
GLOBAL PARTNERS LP Chief Operating Officer Romaine Mark reported equity compensation and related tax withholding transactions. On February 25, he acquired 47,210 common units representing limited partner interests at a stated price of $0.00 per unit as a grant earned from performance phantom units, and 22,826 common units were disposed of at $48.19 per unit to satisfy his tax withholding obligations. Following these transactions, he directly owned 169,109 common units. On February 26, he also received a grant of 24,498 phantom units at a stated price of $0.00, each representing the right to receive one common unit on a one-for-one basis. These phantom units are scheduled to vest in three equal installments on January 5, 2027, January 5, 2028, and January 5, 2029, subject to vesting conditions.
GLOBAL PARTNERS LP Chief Accounting Officer Matthew Spencer reported equity compensation transactions involving common units and phantom units. He received 15,738 common units representing limited partner interests on February 25, 2026 as a grant or award, increasing his direct holdings to 63,046 common units before tax withholding. These units were earned from performance phantom units granted on August 22, 2023, based on the issuer’s distributable cash flow goal, with 200% of the target number ultimately earned and settled entirely in common units.
On the same date, 7,609 common units at $48.19 per unit were withheld at his request to cover tax obligations, reducing his direct common unit holdings to 55,437. On February 26, 2026, he was also granted 6,874 phantom units, each representing the right to receive one common unit on a one-for-one basis. These phantom units vest in three equal installments on January 5, 2027, January 5, 2028, and January 5, 2029, subject to the vesting conditions in the grant agreement.
GLOBAL PARTNERS LP Chairman, President & CEO Eric Slifka reported equity-based compensation and related tax withholding transactions in common units and phantom units. He was granted 128,756 common units representing limited partner interests as an award, and 62,253 common units were disposed of to cover tax withholding obligations at a price of $48.1900 per unit, all recorded as direct ownership changes.
In addition, he received a grant of 66,208 phantom units that each represent the right to receive one common unit on a one-for-one basis upon vesting. These phantom units vest in three equal installments on January 5, 2027, January 5, 2028, and January 5, 2029. The filing also reflects indirect holdings of common units through family trusts and Larea Holdings LLC.
Seabrook Kristin K. reported acquisition or exercise transactions in this Form 4 filing.
GLOBAL PARTNERS LP Chief Legal Officer and Secretary Kristin K. Seabrook received an equity-based compensation award of 11,784 Phantom Units. These Phantom Units represent the right to receive one common unit each upon vesting, on a one-for-one basis.
According to the grant terms, the award will vest in three equal installments: one-third on January 5, 2027, one-third on January 5, 2028, and one-third on January 5, 2029, subject to the vesting conditions in the grant agreement.
Global Partners LP outlines its 2025 operations as a large fuel logistics and retail platform, with Wholesale, Gasoline Distribution and Station Operations (GDSO) and Commercial segments contributing about 68%, 26% and 6% of total sales in 2025. Gasoline and blendstocks provided 65% of sales, distillates 32% and convenience-store related revenues 3%.
During 2025 the partnership issued $450.0 million of 7.125% senior notes due 2033, used to tender for and redeem 7.00% notes due 2027 and repay borrowings, and amended its credit agreement, extending maturity to March 20, 2028, lifting the working capital facility to $1.0 billion and reducing the revolving facility to $500.0 million. As of December 31, 2025, total debt was about $1.56 billion, supported by a network of 54 bulk terminals with roughly 22.3 million barrels of storage and 1,524 gasoline stations, including 290 company-operated convenience stores.
Global Partners LP reported modestly higher fourth-quarter 2025 profitability but softer full-year earnings versus 2024. Q4 2025 net income was $25.1 million, or $0.54 per diluted common unit, up slightly from $23.9 million, or $0.52, a year earlier. Full-year 2025 net income was $98.0 million, or $2.11 per diluted unit, down from $110.3 million, or $2.41, in 2024.
Q4 sales rose to $4.6 billion from $4.2 billion, driven mainly by higher Wholesale volume, with total quarterly volume increasing to 2.1 billion gallons from 1.8 billion. Segment performance was mixed: Gasoline Distribution and Station Operations product margin increased to $231.3 million, while Wholesale product margin fell to $58.3 million and Commercial product margin declined to $6.0 million, reflecting less favorable conditions in several markets.
Full-year EBITDA was $378.8 million compared with $389.4 million in 2024, and adjusted EBITDA was $383.0 million versus $389.1 million. Full-year distributable cash flow was $189.1 million, with adjusted DCF of $190.9 million, both below 2024 levels, indicating slightly lower cash generation even as gross profit and combined product margin held around $1.1–$1.2 billion.