)
Global Partners (GLP) investor relations material
Global Partners Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong Q2 and 1H 2026 financial performance, with significant year-over-year growth in product margin, gross profit, net income, and distributable cash flow, supported by all operating segments and a diversified business model.
Vertically integrated model, robust terminal network, and disciplined capital deployment enabled margin expansion and strategic flexibility.
Continued focus on sustainability, EV charging, and renewable fuels, positioning for future energy transitions.
Maintained a proven track record of successful acquisitions and 19 consecutive quarterly distribution increases.
Redeemed all Series B Preferred Units in July 2026, simplifying capital structure and enhancing financial flexibility.
Financial highlights
Net income for Q2 2026 was $71.0 million, up from $25.2 million in Q2 2025; EBITDA reached $146.0 million, and adjusted EBITDA $148.2 million.
Distributable cash flow for Q2 2026 was $92.6 million, nearly doubling from $52.0 million; adjusted DCF was $92.5 million versus $52.3 million.
Gross profit for Q2 2026 grew to $328.9 million from $272.4 million; combined product margin was $362.2 million, up from $305.7 million.
Total sales reached $6.8 billion, up 47% year-over-year from $4.6 billion.
Quarterly cash distribution of $0.78 per common unit ($3.12 annualized) approved, payable August 14, 2026.
Outlook and guidance
Maintenance CapEx for 2026 expected in the $60–$70 million range; expansion CapEx (excluding acquisitions) in the $75–$85 million range, focused on gasoline station and terminal investments.
Ongoing expansion in retail and wholesale segments, with continued focus on organic growth, acquisitions, and strategic investments in sustainability and EV infrastructure.
Management expects sufficient cash flow and borrowing capacity to meet obligations, but notes exposure to market volatility and economic conditions.
Confident in asset base and balance sheet strength to support continued attractive returns for unit holders.
Favorable market conditions in gasoline and residual oil expected to continue supporting margins.
- Net income, EBITDA, and cash flow more than doubled year-over-year on strong margins and sales.GLP
Q1 2026 - Strong GDSO margins and acquisitions drove solid 2025 results despite mixed segment trends.GLP
Q4 2025 - Q3 2025: Higher sales, strong wholesale, lower margins, major debt refinancing, robust CapEx.GLP
Q3 2025 - Q2 2025 sales rose, but net income and margins fell amid market and weather headwinds.GLP
Q2 2025 - Net income surged to $45.9M on strong margins and major terminal acquisitions.GLP
Q3 2024 - Q2 2024 delivered robust growth, fueled by terminal acquisitions and higher segment margins.GLP
Q2 2024 - Q1 2025 net income rebounded to $18.7M on strong wholesale gains and margin expansion.GLP
Q1 2025 - Terminal acquisitions and margin growth fueled EBITDA gains despite lower net income.GLP
Q4 2024
Next Global Partners earnings date
Next Global Partners earnings date
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
)
)