Global Partners LP Reports 16% Sales Growth to $5.32 Billion in Latest Quarter

Global Partners LP reported significant financial growth in its latest quarterly results, with total sales reaching $5.32 billion for the three months ended March 31, 2026, a 16% increase from $4.59 billion in the same period last year. The company’s gross profit also saw a substantial rise, climbing to $332.2 million, up 30% from $255.2 million in the prior year. This increase in profitability was primarily driven by favorable market conditions and higher sales volumes across its product lines, particularly in the Wholesale segment, which includes gasoline and distillates.

The Partnership's operating income surged to $105.7 million, compared to $55.9 million in the previous year, reflecting a robust operational performance. Net income attributable to common limited partners was $62.96 million, or $1.86 per unit, a significant increase from $12.49 million, or $0.37 per unit, in the same quarter of 2025. The increase in net income was attributed to improved product margins and higher sales volumes, despite rising costs associated with selling, general, and administrative expenses, which increased by 35% to $99.4 million.

In terms of operational metrics, Global Partners LP reported a total volume of 2.1 billion gallons sold, an increase of 210 million gallons year-over-year. The Wholesale segment accounted for a significant portion of this growth, with gasoline and gasoline blendstock sales rising to $1.9 billion, up 11% from the previous year. The company also expanded its geographic footprint, maintaining a portfolio of 1,513 gasoline stations, including 290 directly operated convenience stores, primarily in the Northeast and Texas.

Strategically, Global Partners LP executed an accordion feature on its credit agreement in March 2026, increasing its total commitment from $1.5 billion to $1.8 billion. This move is expected to enhance the Partnership's liquidity and support its operational needs. The company also reported a working capital of $184.5 million, up from $151.3 million at the end of 2025, indicating a strong liquidity position. Looking ahead, the Partnership anticipates continued growth driven by favorable market conditions and strategic investments, although it remains cautious of potential risks including commodity price volatility and regulatory changes that could impact its operations.