Global Partners LPGLP
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Record Q2 net income and strong margins drive positive earnings report.
Impact on stocks 1
Energy
Global Partners LPGlobal Partners LP reports record Q2 net income of $71 million
Earnings
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 LPRecord Q2 net income and strong margins drive positive earnings report.