Global Partners LP

Global Partners declared a quarterly dividend of $0.78 per share, in line with the previous payout. The dividend is payable on August 14 to shareholders of record as of August 10, with an ex-dividend date of August 10. The forward yield is 6.22%.

Global Partners LP reported second-quarter 2026 net income of $71 million, up from $25.2 million a year earlier, driven by strong fuel margins and favorable market conditions. Adjusted EBITDA rose to $148.2 million from $98.2 million, while distributable cash flow reached $92.6 million, providing distribution coverage of 2.25 times. The gasoline distribution and station operations segment product margin increased $37.3 million to $245.2 million, with fuel margin up 14 cents to 50 cents per gallon. The wholesale segment product margin grew $14.8 million to $106.5 million, and the commercial segment added $4.4 million to reach $10.5 million. The company also redeemed all outstanding 9.5% Series B preferred units on July 30, simplifying its capital structure.

Global Partners declared a quarterly dividend of $0.78 per share, a 2.6% increase from the prior dividend of $0.76. The forward yield is 6.32%. The dividend is payable on August 14 to shareholders of record on August 10, with an ex-dividend date of August 10.

Global Partners LP announced it will redeem all $75 million of its 3 million outstanding Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units. The redemption date is July 30, 2026, at a price of $25.00 per share plus accrued and unpaid distributions. After redemption, the units will cease trading on the New York Stock Exchange under the symbol GLP pr B. The company also provided withholding guidance for non-U.S. investors and brokers.

Global Partners LP shares soared 6.9% in the last trading session to close at $46.08, driven by strong investor sentiment following a significant insider purchase by its general partner, Global GP LLC. The acquisition of 10,000 common units worth roughly $430,000 signaled management's confidence in the partnership's outlook. The rally was further supported by robust first-quarter 2026 results, including EPS of $1.85 that far exceeded expectations, strong cash generation, and growing cash distributions. Favorable energy market conditions and confidence in payout sustainability also added to the stock's momentum. The company is expected to post quarterly earnings of $1.24 per share in its upcoming report, representing a year-over-year change of plus 125.5%, with revenues expected to be $7.51 billion, up 62.2% from the year-ago quarter.