Quarterly ResultMay 8, 2026, 08:16 AM
Global Partners Q1 Net Income $70.1M, EPS $1.85; Dividend $0.765
AI Summary
Global Partners LP reported strong first-quarter 2026 financial results, with net income significantly increasing to $70.1 million, or $1.85 per diluted common limited partner unit. The company saw substantial growth across all key metrics, including EBITDA, distributable cash flow, and gross profit, driven by solid execution and favorable market conditions. The Partnership also announced a cash distribution of $0.7650 per unit for the quarter.
Key Highlights
- Net income rose to $70.1 million in Q1 2026 from $18.7 million in Q1 2025.
- Diluted EPS increased to $1.85 in Q1 2026 from $0.36 in Q1 2025.
- Adjusted EBITDA grew to $140.4 million in Q1 2026 from $91.3 million in Q1 2025.
- Distributable cash flow (DCF) increased to $96.4 million in Q1 2026 from $45.7 million in Q1 2025.
- Gross profit reached $332.2 million in Q1 2026, up from $255.2 million in Q1 2025.
- Gasoline Distribution and Station Operations (GDSO) product margin was $199.3 million.
- Wholesale segment product margin increased to $154.1 million.
- Declared a cash distribution of $0.7650 per unit for Q1 2026.