Global Partners LP reported third quarter 2026 revenue of $6.68 billion and diluted EPS of $1.26, both falling short of analyst expectations. The Partnership’s integrated model allowed strong performance in the Wholesale segment to compensate for a slowdown in retail fuel demand, which saw volumes decline due to higher pump prices.

Key Highlights

  • Adjusted EBITDA increased 24.4% to $122.9 million compared with $98.8 million in the third quarter of 2025.
  • Wholesale segment product margin jumped to $111.4 million from $78.0 million, driven by more favorable market conditions in distillates and gasoline blendstocks.
  • Retail fuel volumes in the Gasoline Distribution and Station Operations (GDSO) segment declined 7.5% year-over-year to 361.3 million gallons.
  • The Partnership enhanced capital flexibility by redeeming all Series B preferred units in July and extending its credit facility maturity to 2031.