Slide 1: Global Partners LP Reports First-Quarter 2026 Financial Results
Logo NEWS RELEASE Global Partners LP Reports First-Quarter 2026 Financial Results 2026-05-08 WALTHAM, Mass.--(BUSINESS WIRE)-- Global Partners LP (NYSE: GLP) today reported nancial results for the rst quarter ended March 31, 2026. CEO Commentary “Solid execution across all operating segments drove s
Slide 2: Distributable cash flow and product margin
Distributable cash ow (DCF) was $96.4 million in the rst quarter of 2026 compared with $45.7 million in the same period of 2025. Adjusted DCF was $96.8 million in the rst quarter of 2026 compared with $46.5 million in the same period of 2025. Gross pro t in the rst quarter of 2026 was $332.2 million
Slide 3: Recent Developments
Total volume was 2.1 billion gallons in the rst quarter of 2026 compared with 1.9 billion gallons in the same period of 2025. Wholesale segment volume was 1.6 billion gallons in the rst quarter of 2026 compared with 1.4 billion gallons in the same period of 2025. GDSO volume was 331.9 million gallon
Slide 4: Use of Non-GAAP Financial Measures
Global Partners, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com. Use of Non-GAAP Financial Measures Product Margin Global Partners views product margin as an important performance measure of the cor
Slide 5: Adjusted EBITDA and Distributable Cash Flow
investment opportunities. Adjusted EBITDA is EBITDA further adjusted for gains or losses on the sale and disposition of assets, goodwill and long-lived asset impairment charges and Global Partners’ proportionate share of EBITDA related to its Spring Partners Retail LLC joint venture, which is accoun
Slide 6: Forward-looking Statements
income, operating income, cash ow from operations, or any other measure of nancial performance presented in accordance with GAAP. In addition, the Partnership’s distributable cash ow and adjusted distributable cash ow may not be comparable to distributable cash ow or similarly titled measures of oth
Slide 7: Global Partners LP Consolidated Statements of Income
2026 2025 Sales $ 5,321,800 $ 4,592,197 Cost of sales 4,989,633 4,336,956 Gross pro t 332,167 255,241 Costs and operating expenses: Selling, general and administrative expenses 99,350 73,717 Operating expenses 129,234 126,715 Amortization expense 1,270 1,412 Net gain on sale and disposition of asset
Slide 8: Liabilities and partners' equity
Right of use assets, net 364,949 378,358 Intangible assets, net 12,081 13,350 Goodwill 421,913 421,913 Equity method investments 115,919 113,755 Other assets 36,491 38,410 Total assets $ 4,312,489 $ 3,850,717 Liabilities and partners' equity Current liabilities: Accounts payable $ 749,817 $ 573,202
Slide 9: Reconciliation of net cash used in operating activities
Net income $ 70,136 $ 18,684 Depreciation and amortization 35,589 35,905 Interest expense 35,503 36,039 Income tax expense 839 1,230 EBITDA 142,067 91,858 Net gain on sale and disposition of assets (3,426) (2,490) (Income) loss from equity method investment (1) (628) 55 EBITDA related to equity meth
Slide 10: Gregory B. Hanson Chief Financial Officer
(4) Distributions to preferred unitholders represent the distributions payable to the Series B preferred unitholders earned during the period. Distributions on the Series B preferred units are cumulative and payable quarterly in arrears on February 15, May 15, August 15 and November 15 of each year.