Global Partners (GLP) Q1 2026 Net Income Rises to $70.1 Million

AI Summary

Global Partners (GLP) reported a net income of $70.1 million for Q1 2026, up from $18.7 million a year prior. EBITDA also increased to $142.1 million, compared to $91.9 million in Q1 2025. Distributable cash flow nearly doubled to $96.4 million, leading to a distribution coverage ratio of 1.96. The board approved a quarterly distribution of $0.765 per common unit, marking the eighteenth consecutive increase. These results were attributed to improved margins in gasoline and fuel pricing amid volatile market conditions.