Global Partners Q1 Earnings Call Highlights

Global Partners (NYSE:GLP) reported a sharply higher first-quarter nett and currency flow, with absorption citing colder upwind successful the Northeast, stronger wholesale and commercialized conditions, and improved substance margins successful its gasoline organisation and presumption operations business.

President and Chief Executive Officer Eric Slifka said the institution “started 2026 with a beardown Q1,” supported by its integrated liquid vigor level during what helium described arsenic a dynamic commodity situation marked by heightened geopolitical hostility and planetary proviso disruptions.

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“Our concern is built to execute crossed a wide scope of marketplace conditions,” Slifka said. “We bash not trust connected immoderate azygous commodity, geography, oregon marketplace dynamic to make currency flow.”

Net Income, EBITDA and Cash Flow Rise

Chief Financial Officer Gregory B. Hanson said nett income for the archetypal 4th of 2026 was $70.1 million, up from $18.7 cardinal successful the archetypal 4th of 2025. EBITDA accrued to $142.1 cardinal from $91.9 million, portion adjusted EBITDA roseate to $140.4 cardinal from $91.3 million.

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Distributable currency travel was $96.4 million, compared with $45.7 cardinal a twelvemonth earlier. Adjusted distributable currency travel was $96.8 million, up from $46.5 million. Hanson said Global Partners ended the 4th with organisation sum of 1.96 times, oregon 1.9 times aft including distributions to preferred portion holders.

Slifka said the committee approved a quarterly currency organisation of $0.7650 per communal unit, oregon $3.06 annualized, marking the company’s eighteenth consecutive quarterly increase. He said the organisation is scheduled to beryllium paid May 15 to portion holders of grounds arsenic of May 11.