Global Partners LP filings document regulatory disclosures for a publicly traded master limited partnership with common units and 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units listed on the New York Stock Exchange. Recent Form 8-K reports cover operating results, non-GAAP financial measures and reconciliations, quarterly cash distributions, and Regulation FD disclosures tied to unitholder communications.
The filing record also documents capital structure and governance matters, including credit agreement obligations, securities registered under Section 12(b), actions by the board of the general partner, and executive officer transition and compensation arrangements. These disclosures frame the Partnership’s reporting around energy logistics, fuel distribution, retail station operations, distributions, financing capacity, and limited-partnership governance.
Mark Romaine, Chief Operating Officer of Global Partners LP (GLP), reported a sale of 9,000 Common Units on 09/15/2025 under a pre-existing 10b5-1 trading plan. The units were sold at a weighted average price of $51.44 in multiple transactions that ranged from $51.18 to $52.25. After the reported disposals, the reporting person beneficially owns 130,531 Common Units. The Form 4 was signed by an attorney-in-fact on 09/16/2025 and discloses that the seller will provide details on the number of units sold at each price upon request.
Global GP LLC reported the purchase of common units of Global Partners LP (GLP) on 09/05/2025 to satisfy awards under the company’s Long-Term Incentive Plan. The filing shows an aggregate purchase of 2,500 common units at a weighted-average price of $51.60, with transaction prices ranging from $51.25 to $51.85. After the reported purchase, Global GP LLC beneficially owns 149,501 common units, though the reporting person disclaims any pecuniary interest and states this should not be construed as admission of beneficial ownership. The report was signed by Erin Powers Brennan as attorney-in-fact on 09/08/2025. The filing discloses that the units were purchased to satisfy previously granted director and officer awards under the LTIP.
Global GP LLC reported three purchases of Global Partners LP common units on 08/26/2025, 08/27/2025 and 08/28/2025 to satisfy awards under the Global Partners LP Long-Term Incentive Plan. Each reported transaction was for 5,000 common units at weighted-average prices of $51.14, $51.97 and $52.75, respectively. Following the 08/28/2025 transaction, the report shows 147,001 common units beneficially owned. The filing states the purchases were made to satisfy LTIP award obligations and disclaims any pecuniary interest by the reporting person. The Form 4 is signed by Erin Powers Brennan as attorney-in-fact for Global GP LLC on 08/28/2025.
Global GP LLC reported the purchase of 5,000 common units of Global Partners LP (GLP) on 08/21/2025 at a weighted average price of $51.34 per unit, with transaction prices ranging from $50.85 to $51.49. After the reported purchase the reporting person beneficially owns 132,001 common units. The filing states the units were purchased to satisfy obligations under the Global Partners LP Long-Term Incentive Plan and the reporting person disclaims any pecuniary interest in the securities.
Global GP LLC, the general partner of Global Partners LP (GLP), reported three purchases of the partnership's common units to satisfy awards under the Global Partners LP Long-Term Incentive Plan. On 08/18/2025 it purchased 7,500 units at a weighted average price of $50.50, bringing its beneficial ownership to 117,001 units. On 08/19/2025 it purchased 5,000 units at a weighted average price of $50.53, increasing ownership to 122,001 units. On 08/20/2025 it purchased 5,000 units at a weighted average price of $50.78, raising ownership to 127,001 units.
The filing states these purchases were made to satisfy obligations under the LTIP and that the reporting person disclaims any pecuniary interest in the securities. Prices reported are weighted averages from multiple transactions within specified price ranges; additional breakdowns are available on request to the issuer or the SEC staff.
Mark Romaine, Chief Operating Officer of Global Partners LP (GLP), reported a sale of 9,000 common units on 08/15/2025 under a 10b5-1 plan dated March 25, 2025. The units were sold at a weighted average price of $50.38, with transaction prices ranging from $50.00 to $51.26. After the reported disposition, the filing shows 139,531 common units beneficially owned by the reporting person in a direct ownership form. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Romaine on 08/18/2025. The filer offers to provide detailed per-price sale breakdowns on request.
Global GP LLC reported purchases of common units of Global Partners LP (GLP) across three days in August 2025 to satisfy awards under the Global Partners LP Long-Term Incentive Plan. The reporting entity acquired 4,953 units on 08/12/2025 at a weighted average price of $49.42, 5,000 units on 08/13/2025 at a weighted average price of $50.80, and 5,000 units on 08/14/2025 at a weighted average price of $50.99, for a total of 14,953 units purchased. Following these transactions, the report shows 109,501 common units beneficially owned by the reporting person. The filing states the purchases were made to satisfy LTIP obligations and includes a disclaimer that the reporting person disclaims any pecuniary interest and does not admit beneficial ownership for Section 16 purposes.
Global Partners LP (GLP) Q2-25 10-Q highlights:
- Sales up 4.9% YoY to $4.63 bn; six-month sales up 7.8% to $9.22 bn.
- Gross profit fell 5.4% to $272 m and operating income declined 28% to $60 m as opex and SG&A outpaced revenue.
- Net income dropped 45% to $25 m ($0.55/unit) versus $46 m ($1.11) last year; common unitholder income down 50% to $19 m. YTD net income rose 8% to $44 m, EPS to $0.92 (vs $0.74).
- Operating cash flow swung to +$165 m from -$158 m, driven by inventory and receivable reductions.
- Balance sheet: cash $16 m (vs $8 m YE-24); inventories $496 m (-$98 m YTD); total debt $1.56 bn (senior notes $1.27 bn) against partners’ equity $686 m.
- Capital events: issued $450 m 7.125% notes due 2033, used proceeds to tender/ redeem $360 m of 7.00% 2027 notes and repay revolver, booking a $2.8 m extinguishment loss; remaining $39.7 m of 2027 notes redeemed 1 Aug 25.
- Credit Agreement 11th amendment: maturity extended to Mar-2028; working-capital revolver raised to $1.0 bn, corporate revolver cut to $500 m. Liquidity available: $1.13 bn.
- Product mix: gasoline 70% of Q2 sales; GDSO generated 68% of product margin, Wholesale 30%, Commercial 2%.
Operations remain highly seasonal; no customer exceeds 10% of sales.