Global Partners Achieves Record-Breaking Quarter Amid Market Volatility
Global Partners, a leading integrated liquid energy company, has reported an exceptional first quarter of 2026, defying the volatility in the commodity market. Despite heightened geopolitical tension and global supply disruptions, Global Partners demonstrated its resilience, driven by solid execution across its operating segments.
According to Eric Slifka, President and Chief Executive Officer, "We started 2026 with a strong first quarter, driven by solid execution across our operating segments and supported by the continued strength of our integrated liquid energy platform in a dynamic commodity environment." This performance was underpinned by favorable market conditions in wholesale and commercial, as well as improved fuel margins in its gasoline distribution and station operations segment.
The company's results were also boosted by a colder than normal winter in the Northeast, which led to increased demand for heating fuels. Global Partners' diversified portfolio of assets and ability to adjust its operating approach to reflect market conditions have been key strengths in navigating this volatility.
Gregory B. Hanson, Chief Financial Officer, highlighted the financial performance during the first quarter, noting that net income rose to $70.1 million versus $18.7 million in the same period last year. EBITDA reached $142.1 million compared with $91.9 million in 2025, while adjusted EBITDA was $140.4 million, up from $91.3 million.
The company maintained healthy distribution coverage at the quarter end of 1.96 times, or 1.9 times after including distributions to preferred unit holders. Distributable cash flow and adjusted DCF also saw significant increases, reaching $96.4 million and $96.8 million respectively.
Global Partners' integrated liquid energy platform continues to demonstrate its strength and flexibility in navigating market volatility. The company's ability to adapt and optimize its asset base has allowed it to maintain a resilient performance even during challenging times.
In a further sign of confidence, the Board approved an increased quarterly cash distribution of $0.7650 per common unit or $3.06 on an annualized basis. This marks the 18th consecutive quarterly increase in distributions, supported by healthy coverage and the company's strong balance sheet.
With this exceptional performance in Q1 2026, Global Partners has reaffirmed its position as a leading player in the integrated liquid energy space, demonstrating its ability to navigate market volatility with discipline and precision."
