Global Partners Lp SEC Filings

Global Partners LP (GLP) reported that its general partner, Global GP LLC, acquired additional common units representing limited partner interests over three days in November 2025. On November 18, 2025, it purchased 2,241 units at a weighted average price of $42.24. On November 19, 2025, it purchased 2,500 units at a weighted average price of $42.56, and on November 20, 2025, it purchased 3,066 units at a weighted average price of $42.96. After these transactions, Global GP LLC beneficially owned 184,622 common units directly. The filing explains that these units are being purchased to satisfy obligations under the Global Partners LP Long-Term Incentive Plan for directors and officers, and that the reporting person disclaims any pecuniary interest in these securities.

Global Partners LP’s general partner, Global GP LLC, reported open-market purchases of common units representing limited partner interests in mid-November. On 11/13/2025, it bought 5,000 units at a weighted average price of $42.05, increasing its directly held position to 174,724 units. On 11/14/2025, it purchased another 2,091 units at a weighted average price of $43.95, bringing direct beneficial ownership to 176,815 units. The filing explains that Global GP LLC is purchasing these units to satisfy obligations under the Global Partners LP Long-Term Incentive Plan, and states that the reporting person disclaims any pecuniary interest in these securities.

Global Partners LP reported Q3 2025 results with sales of $4,694.4 million, gross profit of $271.4 million, operating income of $61.4 million, and net income of $29.0 million. Basic and diluted net income per common limited partner unit were $0.66.

For the nine months, sales were $13,913.5 million and operating cash flow was $183.8 million, while investing used $64.8 million and financing used $109.2 million. The GDSO segment contributed 72% of Q3 product margin; Wholesale was 26% and Commercial 2%.

Capital structure actions included issuing $450.0 million of 7.125% senior notes due 2033, and redeeming all $400.0 million of 7.00% notes due 2027, leading to a loss on early extinguishment of $0.2 million in Q3 ($3.0 million YTD). The credit agreement was amended, extending maturity to March 20, 2028, lifting the working capital revolver to $1.0 billion and setting the revolving credit facility at $500.0 million. As of September 30, total borrowings under the facilities were $365.4 million with remaining availability of $1,069.7 million. Common units outstanding were 33,995,563 as of November 5, 2025.

Global Partners LP furnished a press release announcing its third quarter 2025 financial results. The press release includes non-GAAP financial measures with reconciliations to the most comparable GAAP metrics. The materials were provided under Item 2.02 and incorporated into Item 7.01.

The information in these items, including Exhibit 99.1, is furnished and not deemed filed under the Exchange Act. Listed securities include common units (GLP) and 9.50% Series B preferred units (GLP pr B).

Invesco Ltd. filed Amendment No. 7 to Schedule 13G reporting beneficial ownership in Global Partners LP (GLP).

Invesco may be deemed to beneficially own 2,214,090 partnership units, representing 6.5% of the class, with sole voting and sole dispositive power over the same amount. The units are held of record by clients of Invesco’s investment advisers, and no individual has greater than 5% economic ownership.

Invesco classifies itself as a parent holding company and investment adviser, with subsidiaries including Invesco Advisers, Inc. and Invesco Capital Management LLC. It certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Global Partners LP announced a quarterly cash distribution of $0.7550 per common unit (equivalent to $3.02 per unit on an annualized basis) for the period from July 1, 2025 through September 30, 2025.

The distribution is payable on November 14, 2025 to unitholders of record as of the close of business on November 10, 2025. The declaration was made by the Board of Directors of its general partner, Global GP LLC, and was communicated via press release attached as Exhibit 99.1.

Global Partners LP (GLP) announced a quarterly cash distribution of $0.59375 per unit on its 9.50% fixed-rate Series B preferred units. The distribution covers the period from August 15, 2025 through November 14, 2025 and is payable on November 17, 2025 to Series B preferred unitholders of record as of the opening of business on November 3, 2025. On an annualized basis, this equates to $2.375 per unit.

ALPS Advisors, Inc. and the Alerian MLP ETF report a combined beneficial ownership of 5,721,969 common units of Global Partners LP, representing 16.83% of the class as of the filing. ALPS Advisors states it provides investment advice to funds and disclaims direct beneficial ownership because the reported units are owned by the funds it manages. The filers report no sole voting or dispositive power and shared voting and dispositive power over the units. The filing certifies the securities were acquired in the ordinary course of business and are not intended to influence control.

Global GP LLC, acting as general partner and officer for Global Partners LP, reported purchases of common units over three days to satisfy awards under the partnership's Long-Term Incentive Plan. The filing shows 2,500 units purchased on 09/23/2025 at a weighted-average price of $49.16, 5,000 units on 09/24/2025 at $50.52, and 5,000 units on 09/25/2025 at $50.08. Following these transactions, Global GP LLC's reported beneficial ownership increased from 159,724 units to 169,724 units. The filing expressly states the purchases were made to satisfy LTIP obligations and that the reporting person disclaims any pecuniary interest and does not admit beneficial ownership for Section 16 purposes.