Form 8-K

8-K — GLOBAL PARTNERS LP

Accession: 0001104659-26-057571

Filed: 2026-05-08

Period: 2026-05-08

CIK: 0001323468

SIC: 5171 (WHOLESALE-PETROLEUM BULK STATIONS & TERMINALS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — tm2613603d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2613603d1_ex99-1.htm)

GRAPHIC (tm2613603d1_ex99-1img001.jpg)

GRAPHIC (tm2613603d1_ex99-1img002.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: tm2613603d1_8k.htm · Sequence: 1

false

0001323468

2026-05-08

0001323468

GLP:CommonUnitsRepresentingLimitedPartnerInterestsMember

2026-05-08

0001323468

us-gaap:SeriesBPreferredStockMember

2026-05-08

iso4217:USD

xbrli:shares

iso4217:USD

xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT

REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported):

May 8, 2026

GLOBAL PARTNERS LP

(Exact name of registrant as specified in its

charter)

Delaware

001-32593

74-3140887

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

P.O. Box 9161

800 South Street

Waltham, Massachusetts 02454-9161

(Address of Principal Executive Offices)

(781) 894-8800

(Registrant’s telephone number, including

area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Units representing limited partner interests

GLP

New York Stock Exchange

9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests

GLP pr B

New York Stock Exchange

Indicate by check mark

whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this

chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02. Results of Operations and Financial Condition

On May 8, 2026, Global Partners LP (the “Partnership”)

issued a press release announcing its first quarter 2026 financial results. The press release contains measures that may be deemed non-GAAP

financial measures as defined in Item 10 of Regulation S-K under the Securities Exchange Act of 1934, as amended (the “Exchange

Act”). The most directly comparable generally accepted accounting principles (“GAAP”) financial measures and information

reconciling the GAAP and non-GAAP financial measures are also included in the press release. A copy of the Partnership’s press release

is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The information furnished pursuant to Item 2.02

in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of

Section 18 of the Exchange Act, or otherwise subject to the liability of that section, unless the Partnership specifically states

that the information is to be considered “filed” under the Exchange Act or incorporates it by reference into a filing under

the Securities Act of 1933, as amended, or the Exchange Act.

Item 7.01. Regulation FD Disclosure

The information set

forth under Item 2.02 of this Current Report on Form 8-K is hereby incorporated in Item 7.01

by reference.

The information furnished pursuant to Item 7.01

in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of

Section 18 of the Exchange Act, or otherwise subject to the liability of that section, unless the Partnership specifically states

that the information is to be considered “filed” under the Exchange Act or incorporates it by reference into a filing under

the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01. Financial Statements and Exhibits

(d)

Exhibits

99.1

Global Partners LP Press Release dated May 8, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities

Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

GLOBAL PARTNERS LP

By:

Global GP LLC

its general partner

Dated: May 8, 2026

By:

/s/ Kristin K. Seabrook

Kristin K. Seabrook

Chief Legal Officer and Secretary

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2613603d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

FOR IMMEDIATE RELEASE

Contacts:

Gregory B. Hanson

Kristin K. Seabrook

Chief Financial Officer

Chief Legal Officer and Secretary

Global Partners LP

(781) 894-8800

Global Partners LP Reports First-Quarter 2026

Financial Results

Waltham,

Mass., May 8, 2026 – Global Partners LP (NYSE: GLP) today reported financial results for the first quarter ended

March 31, 2026.

CEO Commentary

“Solid execution across all operating segments drove strong first-quarter

results for Global,” said Eric Slifka, the Partnership’s President and Chief Executive Officer. “Performance this quarter

reflects the advantages of our integrated platform in a dynamic market environment.

“Our strategy is built to adapt to changing market conditions,

optimize our assets and focus on maximizing returns,” Slifka said. “That disciplined approach continues to guide how we run

the business and deliver value for our unitholders.”

First-Quarter 2026 Financial Highlights

Net income in the first quarter of 2026 was $70.1 million, or

$1.85 per diluted common limited partner unit, compared with net income of $18.7 million, or $0.36 per diluted common limited

partner unit, in the same period of 2025.

Earnings before interest, taxes, depreciation and amortization (EBITDA)

was $142.1 million in the first quarter of 2026 compared with $91.9 million in the same period of 2025.

Adjusted EBITDA was $140.4 million in the first quarter of 2026 versus

$91.3 million in the same period of 2025.

Distributable cash flow (DCF) was $96.4 million in the first quarter

of 2026 compared with $45.7 million in the same period of 2025.

Adjusted DCF was $96.8 million in the first quarter of 2026 compared

with $46.5 million in the same period of 2025.

Gross profit in the first quarter of 2026 was $332.2 million compared

with $255.2 million in the same period of 2025.

Combined product margin, which is gross profit adjusted for depreciation

allocated to cost of sales, was $365.1 million in the first quarter of 2026 compared with $288.6 million in the same period of 2025.

Combined product margin, EBITDA, adjusted EBITDA, DCF and adjusted

DCF are non-GAAP (Generally Accepted Accounting Principles) financial measures, which are explained in greater detail below under “Use

of Non-GAAP Financial Measures.” Please refer to Financial Reconciliations included in this news release for reconciliations of

these non-GAAP financial measures to their most directly comparable GAAP financial measures for the three months ended March 31,

2026, and 2025.

Gasoline

Distribution and Station Operations (GDSO) segment product margin was $199.3 million in the first quarter of 2026 compared with $187.9

million in the same period of 2025. Product margin from gasoline distribution increased to $136.7 million from $125.8 million in the

year-earlier period, primarily due to higher fuel margins (cents per gallon). Product margin from station operations was $62.6

million compared with $62.1 million in the first quarter of 2025, due in part to an increase in sundries.

Wholesale segment product margin was $154.1 million in the first quarter

of 2026 compared with $93.6 million in the same period of 2025. Gasoline and gasoline blendstocks product margin was $101.2 million compared

with $57.1 million in the same period of 2025, primarily due to more favorable market conditions, largely in gasoline. Product margin

from distillates and other oils was $52.9 million in the first quarter of 2026 compared with $36.5 million in the same period of 2025,

primarily due to more favorable market conditions, largely in residual oil.

Commercial segment product margin was $11.7 million in the first quarter

of 2026 compared with $7.1 million in the same period of 2025, in part due to more favorable market conditions.

Total sales were $5.3 billion in the first quarter of 2026 compared

with $4.6 billion in the same period of 2025. Wholesale segment sales were $3.8 billion in the first quarter of 2026 compared with $3.2

billion in the same period of 2025. GDSO segment sales were $1.1 billion in the first quarters of 2026 and 2025. Commercial segment sales

were $367.4 million in the first quarter of 2026 compared with $275.1 million in the same period of 2025.

Total volume was 2.1 billion gallons in the first 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 first quarter of 2026 compared

with 1.4 billion gallons in the same period of 2025. GDSO volume was 331.9 million gallons in the first quarter of 2026 compared with

357.6 million gallons in the same period of 2025. Commercial segment volume was 166.8 million gallons in the first quarter of 2026 compared

with 124.8 million gallons in the same period of 2025.

Recent Developments

· Global Partners announced a cash distribution of $0.7650 per unit ($3.06 per unit on an annualized basis) on all of its

outstanding common units from January 1, 2026 through March 31, 2026. The distribution will be paid on May 15, 2026

to unitholders of record as of the close of business on May 11, 2026.

Financial Results Conference Call

Management will review the Partnership’s first-quarter 2026 financial

results in a teleconference call for analysts and investors today.

Time:

10:00 a.m. ET

Dial-in numbers:

(877) 709-8155 (U.S. and Canada)

(201) 689-8881 (International)

Please plan

to dial in to the call at least 10 minutes prior to the start time. The call also will be webcast live and archived on Global Partners’

website, https://ir.globalp.com

About Global Partners LP

Building on a legacy that began

more than 90 years ago, Global Partners has evolved into a Fortune 500 company and industry-leading integrated owner, supplier, and operator

of liquid energy terminals, fueling locations, and guest-focused retail experiences. Global Partners operates or maintains dedicated storage

at 54 liquid energy terminals—with connectivity to strategic rail, pipeline, and marine assets—spanning from Maine to Florida

and into the U.S. Gulf States. Through this extensive network, the company distributes gasoline, distillates, residual oil, and renewable

fuels to wholesalers, retailers, and commercial customers. In addition, Global Partners has a large portfolio of owned, leased

and/or supplied retail locations across the Northeast states, the Mid-Atlantic, and Texas, providing the fuels people need to keep

them on the go at their unique guest-focused convenience destinations. Recognized as one of Fortune’s Most Admired Companies, Global

Partners is embracing progress and diversifying to meet the needs of the energy transition.

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 core profitability of its operations. The Partnership reviews product margin monthly for consistency and trend analysis. Global

Partners defines product margin as product sales minus product costs. Product sales primarily include sales of unbranded and branded gasoline,

distillates, residual oil, renewable fuels and crude oil, as well as convenience store and prepared food sales, gasoline station rental

income and revenue generated from logistics activities when the Partnership engages in the storage, transloading and shipment of products

owned by others. Product costs include the cost of acquiring products and all associated costs including shipping and handling costs to

bring such products to the point of sale as well as product costs related to convenience store items and costs associated with logistics

activities. The Partnership also looks at product margin on a per unit basis (product margin divided by volume). Product margin is a non-GAAP

financial measure used by management and external users of the Partnership’s consolidated financial statements to assess its business.

Product margin should not be considered an alternative to net income, operating income, cash flow from operations, or any other measure

of financial performance presented in accordance with GAAP. In addition, product margin may not be comparable to product margin or a similarly

titled measure of other companies.

EBITDA and Adjusted EBITDA

EBITDA and adjusted EBITDA are non-GAAP financial measures used as

supplemental financial measures by management and may be used by external users of Global Partners’ consolidated financial statements,

such as investors, commercial banks and research analysts, to assess the Partnership’s:

· compliance with certain financial covenants included in its debt agreements;

· financial performance without regard to financing methods, capital structure, income taxes or historical cost basis;

· ability to generate cash sufficient to pay interest on its indebtedness and to make distributions to its partners;

· operating performance and return on invested capital as compared to those of other companies in the wholesale, marketing, storing

and distribution of refined petroleum products, gasoline blendstocks, renewable fuels, crude oil and propane, and in the gasoline stations

and convenience stores business, without regard to financing methods and capital structure; and

· viability of acquisitions and capital expenditure projects and the overall rates of return of alternative 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 accounted

for using the equity method. EBITDA and adjusted EBITDA should not be considered as alternatives to net income, operating income, cash

flow from operating activities or any other measure of financial performance or liquidity presented in accordance with GAAP. EBITDA and

adjusted EBITDA exclude some, but not all, items that affect net income, and these measures may vary among other companies. Therefore,

EBITDA and adjusted EBITDA may not be comparable to similarly titled measures of other companies.

Distributable Cash Flow and Adjusted Distributable Cash Flow

Distributable cash flow is an important non-GAAP financial measure

for the Partnership’s limited partners since it serves as an indicator of Global Partners’ success in providing a cash return

on their investment. Distributable cash flow as defined by the Partnership’s partnership agreement (the “partnership agreement”)

is net income plus depreciation and amortization minus maintenance capital expenditures, as well as adjustments to eliminate items approved

by the audit committee of the board of directors of the Partnership’s general partner that are extraordinary or non-recurring in

nature and that would otherwise increase distributable cash flow.

Distributable cash flow as used in the partnership agreement also determines

Global Partners’ ability to make cash distributions on its incentive distribution rights. The investment community also uses a distributable

cash flow metric similar to the metric used in the partnership agreement with respect to publicly traded partnerships to indicate whether

or not such partnerships have generated sufficient earnings on a current or historical level that can sustain distributions on preferred

or common units or support an increase in quarterly cash distributions on common units. The partnership agreement does not permit adjustments

for certain non-cash items, such as net losses on the sale and disposition of assets and goodwill and long-lived asset impairment charges.

Adjusted distributable

cash flow is a non-GAAP financial measure intended to provide management and investors with an enhanced perspective of the Partnership’s

financial performance. Adjusted distributable cash flow is distributable cash flow (as defined in the partnership agreement) further adjusted

for Global Partners’ proportionate share of distributable cash flow related to its Spring Partners Retail LLC joint venture,

which is accounted for using the equity method. Adjusted distributable cash flow is not used in the partnership agreement to determine

the Partnership’s ability to make cash distributions and may be higher or lower than distributable cash flow as calculated under

the partnership agreement.

Distributable cash flow and adjusted distributable cash flow should

not be considered as alternatives to net income, operating income, cash flow from operations, or any other measure of financial performance

presented in accordance with GAAP. In addition, the Partnership’s distributable cash flow and adjusted distributable cash flow may

not be comparable to distributable cash flow or similarly titled measures of other companies.

Forward-looking Statements

Certain statements and information in this press release may constitute

“forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,”

“intend,” “foresee,” “should,” “would,” “could” or other similar expressions

are intended to identify forward-looking statements, which are generally not historical in nature, although not all forward-looking statements

contain such identifying words. These forward-looking statements are based on Global Partners’ current expectations and beliefs

concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements

are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates.

Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) including,

without limitation, uncertainty around the timing of an economic recovery in the United States which will impact the demand for the products

we sell and the services that we provide, and assumptions that could cause actual results to differ materially from the Partnership’s

historical experience and present expectations or projections. We believe these assumptions are reasonable given currently available information.

Our assumptions and future performance are subject to a wide range of business risks, uncertainties and factors, which are described in

our filings with the Securities and Exchange Commission (SEC).

For additional information regarding known material factors that could

cause actual results to differ from the Partnership’s projected results, please see Global Partners’ filings with the SEC,

including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Readers are cautioned not to place undue reliance on forward-looking

statements, which speak only as of the date hereof. Global Partners undertakes no obligation to publicly update or revise any forward-looking

statements after the date they are made, whether as a result of new information, future events or otherwise.

GLOBAL PARTNERS LP

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per unit data)

(Unaudited)

Three Months Ended

March 31,

2026

2025

Sales

$ 5,321,800

$ 4,592,197

Cost of sales

4,989,633

4,336,956

Gross profit

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 assets

(3,426 )

(2,490 )

Total costs and operating expenses

226,428

199,354

Operating income

105,739

55,887

Other income (expense):

Income from equity method investments

739

Interest expense

(35,503 )

(36,039 )

Income before income tax expense

70,975

19,914

Income tax expense

(839 )

(1,230 )

Net income

70,136

18,684

Less: General partner's interest in net income, including

incentive distribution rights

5,393

4,412

Less: Preferred limited partner interest in net income

1,781

Net income attributable to common limited partners

$ 62,962

$ 12,491

Basic net income per common limited partner unit (1)

$ 1.86

$ 0.37

Diluted net income per common limited partner unit (1)

$ 1.85

$ 0.36

Basic weighted average common limited partner units outstanding

33,888

33,887

Diluted weighted average common limited partner units outstanding

34,048

34,299

(1) Under

the Partnership's partnership agreement, for any quarterly period, the incentive distribution rights ("IDRs") participate

in net income only to the extent of the amount of cash distributions actually declared, thereby excluding the IDRs from

participating in the Partnership's undistributed net income or losses. Accordingly, the Partnership's undistributed net income or

losses is assumed to be allocated to the common unitholders and to the General Partner's general partner interest. Net

income attributable to common limited partners is divided by the weighted average common units outstanding in computing the net

income per limited partner unit.

GLOBAL PARTNERS LP

CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

March 31,

December 31,

2026

2025

Assets

Current assets:

Cash and cash equivalents

$ 18,373

$ 12,243

Accounts receivable, net

772,949

530,142

Accounts receivable - affiliates

5,245

2,627

Inventories

736,144

549,118

Brokerage margin deposits

41,311

17,804

Derivative assets

41,532

17,067

Prepaid expenses and other current assets

92,361

98,486

Total current assets

1,707,915

1,227,487

Property and equipment, net

1,653,221

1,657,444

Right of use assets, net

364,949

378,358

Intangible assets, net

12,081

13,350

Goodwill

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

Working capital revolving credit facility - current portion

308,300

126,100

Lease liability - current portion

74,437

73,775

Environmental liabilities - current portion

7,443

7,193

Trustee taxes payable

75,121

83,801

Accrued expenses and other current liabilities

189,688

207,580

Derivative liabilities

118,651

4,540

Total current liabilities

1,523,457

1,076,191

Working capital revolving credit facility - less current portion

100,000

Revolving credit facility

103,500

Senior notes

1,233,466

1,232,723

Lease liability - less current portion

298,289

311,429

Environmental liabilities - less current portion

87,436

88,772

Financing obligations

127,175

128,505

Deferred tax liabilities

64,734

64,534

Other long-term liabilities

62,654

69,520

Total liabilities

3,600,711

3,175,174

Partners' equity

711,778

675,543

Total liabilities and partners' equity

$ 4,312,489

$ 3,850,717

GLOBAL PARTNERS LP

FINANCIAL RECONCILIATIONS

(In thousands)

(Unaudited)

Three Months Ended

March 31,

2026

2025

Reconciliation of gross profit to product margin:

Wholesale segment:

Gasoline and gasoline blendstocks

$ 101,167

$ 57,169

Distillates and other oils

52,925

36,471

Total

154,092

93,640

Gasoline Distribution and Station Operations segment:

Gasoline distribution

136,724

125,751

Station operations

62,568

62,112

Total

199,292

187,863

Commercial segment

11,694

7,145

Combined product margin

365,078

288,648

Depreciation allocated to cost of sales

(32,911 )

(33,407 )

Gross profit

$ 332,167

$ 255,241

Reconciliation of net income to EBITDA and adjusted EBITDA:

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 )

EBITDA related to equity method investment (1)

2,337

1,837

Adjusted EBITDA

$ 140,350

$ 91,260

Reconciliation of net cash used in operating activities to EBITDA and adjusted EBITDA:

Net cash used in operating activities

$ (104,700 )

$ (51,590 )

Net changes in operating assets and liabilities and certain non-cash items

210,425

106,179

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 )

EBITDA related to equity method investment (1)

2,337

1,837

Adjusted EBITDA

$ 140,350

$ 91,260

Reconciliation of net income to distributable cash flow and adjusted distributable cash flow:

Net income

$ 70,136

$ 18,684

Depreciation and amortization

35,589

35,905

Amortization of deferred financing fees

1,870

1,873

Amortization of routine bank refinancing fees

(1,235 )

(1,193 )

Maintenance capital expenditures

(9,959 )

(9,580 )

Distributable cash flow (1)(2)(3)

96,401

45,689

(Income) loss from equity method investment (1)

(628 )

Distributable cash flow from equity method investment (1)

1,042

797

Adjusted distributable cash flow (1)(3)

96,815

46,541

Distributions to preferred unitholders (4)

(1,781 )

Adjusted distributable cash flow after distributions to preferred unitholders

$ 95,034

$ 44,760

Reconciliation of net cash used in operating activities to distributable cash flow and adjusted distributable cash flow:

Net cash used in operating activities

$ (104,700 )

$ (51,590 )

Net changes in operating assets and liabilities and certain non-cash items

210,425

106,179

Amortization of deferred financing fees

1,870

1,873

Amortization of routine bank refinancing fees

(1,235 )

(1,193 )

Maintenance capital expenditures

(9,959 )

(9,580 )

Distributable cash flow (1)(2)(3)

96,401

45,689

(Income) loss from equity method investment (1)

(628 )

Distributable cash flow from equity method investment (1)

1,042

797

Adjusted distributable cash flow (1)(3)

96,815

46,541

Distributions to preferred unitholders (4)

(1,781 )

Adjusted distributable cash flow after distributions to preferred unitholders

$ 95,034

$ 44,760

(1) Represents the Partnership's proportionate share of income or loss, EBITDA and distributable cash flow ("DCF"), as applicable, related to the Partnership's 49.99% interest in its Spring Partners Retail LLC joint venture, which is accounted for using the equity method.

(2) As defined by the Partnership's partnership agreement, DCF is not adjusted for certain non-cash items, such as net losses on the sale and disposition of assets and goodwill and long-lived asset impairment charges.

(3) DCF and adjusted DCF include a net gain on sale and disposition of assets of $3.4 million and $2.5 million for the three months ended March 31, 2026 and 2025, respectively. DCF also includes income (loss) of $0.6 million and ($0.1 million) for the three months ended March 31, 2026 and 2025, respectively, related to the Partnership's 49.99% interest in its Spring Partners Retail LLC joint venture, which is accounted for using the equity method.

(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.

GRAPHIC

Filename: tm2613603d1_ex99-1img001.jpg · Sequence: 7

Binary file (17549 bytes)

Download tm2613603d1_ex99-1img001.jpg

GRAPHIC

Filename: tm2613603d1_ex99-1img002.jpg · Sequence: 8

Binary file (12576 bytes)

Download tm2613603d1_ex99-1img002.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 10

v3.26.1

Cover

May 08, 2026

Document Type

8-K

Amendment Flag

false

Document Period End Date

May 08, 2026

Entity File Number

001-32593

Entity Registrant Name

GLOBAL PARTNERS LP

Entity Central Index Key

0001323468

Entity Tax Identification Number

74-3140887

Entity Incorporation, State or Country Code

Entity Address, Address Line One

P.O. Box 9161

Entity Address, Address Line Two

800 South Street

Entity Address, City or Town

Waltham

Entity Address, State or Province

Entity Address, Postal Zip Code

02454-9161

City Area Code

781

Local Phone Number

894-8800

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Common Units Representing Limited Partner Interests [Member]

Title of 12(b) Security

Common Units representing limited partner interests

Trading Symbol

GLP

Security Exchange Name

NYSE

Series B Preferred Stock [Member]

Title of 12(b) Security

9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests

Trading Symbol

GLP pr B

Security Exchange Name

NYSE

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Details

Name:

us-gaap_StatementClassOfStockAxis=GLP_CommonUnitsRepresentingLimitedPartnerInterestsMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type: