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.
Global GP LLC, the general partner of Global Partners LP, reported open-market purchases of a total of 15,000 common units representing limited partner interests over three days from May 13–15, 2026 at weighted average prices around $48.75–$49.35. Following these transactions, the filing shows 37,400 common units held directly. According to the disclosure, the units were acquired 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.
Global Partners LP reported strong first-quarter 2026 results, with sales of $5.32 billion and net income of $70.1 million, up from $18.7 million a year earlier. Basic net income per common unit rose to $1.86 from $0.37.
Gross profit increased to $332.2 million, driven by higher product margins in the Wholesale, Gasoline Distribution and Station Operations, and Commercial segments. Operating cash flow was a use of $104.7 million, reflecting large swings in receivables and inventories typical of this fuel logistics business.
The partnership expanded its senior secured credit facility from $1.5 billion to $1.8 billion by exercising an accordion feature, ending the quarter with $511.8 million of borrowings and $1.13 billion of remaining availability. It remained in compliance with leverage and coverage covenants.
Partners’ equity grew to $711.8 million, and 33.99 million common units were outstanding. A quarterly cash distribution of $0.7600 per common unit was paid in February 2026, and a higher distribution of $0.7650 per unit was declared for payment in May, alongside ongoing 9.50% preferred distributions on the Series B units.
Global Partners LP reported sharply improved first-quarter 2026 results. Net income rose to $70.1 million, or $1.85 per diluted common unit, up from $18.7 million, or $0.36, a year earlier. Sales increased to $5.32 billion from $4.59 billion, while gross profit grew to $332.2 million from $255.2 million.
Profitability and cash generation strengthened across segments. EBITDA increased to $142.1 million and adjusted EBITDA to $140.4 million, compared with $91.9 million and $91.3 million in 2025. Distributable cash flow nearly doubled to $96.4 million, and adjusted distributable cash flow reached $96.8 million. Combined product margin rose to $365.1 million, supported by stronger Wholesale, GDSO and Commercial margins.
Global Partners LP declared a quarterly cash distribution of $0.7650 per common unit for the period from January 1, 2026 through March 31, 2026, equal to $3.06 per unit on an annualized basis.
The distribution will be paid on May 15, 2026 to unitholders of record as of the close of business on May 11, 2026. For non-U.S. investors, brokers are instructed to treat 100% of distributions as effectively connected income and also 100% as in excess of cumulative net income, making them subject to U.S. federal income tax withholding at the highest applicable effective tax rate plus 10%, with nominees serving as withholding agents.
Global GP LLC, the general partner of GLOBAL PARTNERS LP, reported administrative transfers of common units tied to the partnership’s Long-Term Incentive Plan. On April 14, 2026, it delivered 3,393 common units under a grant agreement and withheld 1,640 units to cover tax obligations for a cashless exercise election.
The reporting person states it has no pecuniary interest in these units and disclaims beneficial ownership. After these LTIP-related transfers and withholdings, Global GP LLC held 22,400 common units representing limited partner interests.
GLOBAL PARTNERS LP Chief Legal Officer Kristin K. Seabrook exercised 3,393 Phantom Units into an equal number of common units representing limited partner interests. Of these common units, 1,640 were withheld at a price of $45.86 per unit to cover her tax withholding obligations, leaving her with 1,753 common units held directly after the transactions.
Global Partners LP declared a quarterly cash distribution of $0.59375 per unit, or $2.375 per unit on an annualized basis, on its 9.50% fixed-rate Series B preferred units for the period from February 15, 2026 through May 14, 2026.
The distribution will be paid on May 15, 2026 to Series B preferred unitholders of record as of the opening of business on May 1, 2026. The partnership also provided tax guidance stating that brokers should treat 100% of distributions to non-U.S. investors as effectively connected income and in excess of cumulative net income, subject to federal withholding at the highest applicable effective tax rate plus 10%.
Global Partners LP reports large passive holdings by investment vehicles. ALPS Advisors, Inc. and Alerian MLP ETF each report beneficial ownership of 6,043,985 common units, equal to 17.78% of the class as of 03/31/2026. The filing states shared voting and shared dispositive power for those units and notes that the reported securities are owned by funds advised by ALPS Advisors, Inc., with AAI disclaiming beneficial ownership.
GLOBAL PARTNERS LP Chief Operating Officer Mark Romaine reported an open-market sale of 2,065 common units representing limited partner interests. The units were sold at a weighted average price of about $44.80 per unit in multiple trades between $44.56 and $45.16. Following this transaction, he directly holds 139,109 common units.
GLOBAL PARTNERS LP Chief Operating Officer Romaine Mark reported open‑market sales of a total of 5,700 Common Units representing limited partner interests across three days in March 2026. Units were sold at prices around $47–$48, and Mark now directly holds 141,174 Common Units.
The sales included 3,245 units on March 19 at $48.10, 2,020 units on March 20 at $48.19, and 435 units on March 23 at $47.31. Footnotes state that each day’s transactions occurred in multiple trades within specified price ranges around those weighted average prices.