Global Partners LP (GLP) Earnings Call Transcripts

Global Partners LP's Latest Earnings Call - Q1 FY2026

Global Partners LP reported strong results for Q1 2026, with net income rising to $70.1 million from $18.7 million in Q1 2025, driven by favorable market conditions and improved fuel margins. Revenue growth was supported by a colder-than-normal winter and geopolitical tensions impacting commodity markets. The company declared a quarterly distribution of $0.7650 per common unit, marking the 18th consecutive increase. Management maintained guidance for 2026, with capital expenditures expected to range between $135 million and $155 million.

Reported metrics

Guidance from management

Management maintained guidance for 2026, with maintenance CapEx expected to be $60 million to $70 million and expansion CapEx $75 million to $85 million.

What management said

Thank you, Greg. We delivered an exceptional quarter, and the entire Global Partners team executed at a high level across all segments. We also recognize that a portion of these results reflect market conditions shaped by the ongoing conflict, which continues to drive volatility across global energy markets. We are managing the remainder of the year with the same discipline that drove this quarter while planning for ...

Yes. I mean nothing noticeable in the quarter in March. Obviously, one thing we track is average fill-ups and average gallons per fill-up, and we have seen some decline in that through March and April. But overall, I mean, the consumer continues to be pretty healthy. I do think, obviously, that higher gasoline prices will impact the share of wallet going forward. So it's something we continue to lean in on promotions...

What analysts pressed on

Analysts expressed concerns about potential demand destruction due to higher fuel prices and the impact on consumer spending. There were also questions about inventory levels and the potential for supply tightness during the summer driving season.

Main topics on the call

• Strong Financial Performance — Global Partners reported a significant increase in net income to $70.1 million from $18.7 million YoY. EBITDA also rose to $142.1 million from $91.9 million. Management highlighted the 'continued strength of our integrat...
• Distribution Increase — The company announced a quarterly cash distribution of $0.7650 per common unit, marking the 18th consecutive increase. This reflects 'healthy coverage and the cash-generating capacity of our business.'
• Wholesale Segment Performance — The Wholesale segment's product margin increased by $60.5 million to $154.1 million, driven by favorable market conditions in gasoline and residual oil. Management noted strong results amid 'heightened commodity price vo...
• Fuel Margin Improvement — Fuel margins in the gasoline distribution segment increased by $0.06 per gallon to $0.41, contributing to a $10.9 million increase in product margin. This was attributed to 'more favorable market conditions.'

Read the full Global Partners LP transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 Global Partners LP earnings call transcripts on record, spanning March 6, 2020 to August 7, 2026. Based on this history, Global Partners LP reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GLP

Exchange

NYSE

Country

US

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

26

First call

March 6, 2020

Most recent

August 7, 2026

Reporting cadence

quarterly