Global Partners LP Reports Strong Q3 2026 Results Driven by Wholesale Margin Growth
Global Partners LP (GLP) reported significant growth in its third quarter of 2026, with net income rising to $52.4 million ($1.26 per unit) from $29 million in the prior year period. Total sales reached $6.7 billion, up from $4.7 billion, as favorable market conditions in the wholesale segment helped offset lower gasoline distribution volumes caused by higher pump prices. The company's integrated supply chain model drove an increase in Adjusted EBITDA to $122.9 million and Adjusted Distributable Cash Flow to $70.3 million. Management also raised its full-year maintenance capital expenditure guidance to a range of $65 million to $75 million, reflecting ongoing investment in terminal operations and expansion projects.
Tickers: $GLP
Topics: adjusted EBITDA distribution coverage net income revenue growth wholesale business