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Global Partners GLP Station Operations — Net Product Margin

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Other financials

Income statement

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Revenue$6.8B+46.8%
Gross profit$328.9M+20.8%
Operating income$107.4M+78.7%
Net income$71.0M+182%

Balance sheet

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Cash & equivalents$23.9M+48.6%
Total debt$495.7M+10.5%
Total assets$4.0B+6.3%

Cash flow

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Operating cash flow$309.4M+43.0%
CapEx$35.0M+132%
Free cash flow$274.4M+36.4%

Valuation

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Market cap$1.65B-3.1%
Enterprise value$2.12B-0.6%
P/E8.4×-6.5×
P/S0.1×0.0×

Profitability

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Gross margin5.6%-0.5pp
Operating margin1.5%+0.1pp
Net margin0.9%+0.3pp
FCF margin0.9%

Returns & leverage

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Current ratio1.2×0.0×

Where this comes from

Reported directly by Global Partners in its filing.

Tagged under the XBRL concept glp:NetProductMargin.

The source filing: Global Partners’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 11:13 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-092496
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Total$1,552,626$1,218,574$2,657,470$2,345,283
Product margin
Gasoline$174,990$137,916$311,714$263,667
Station operations (2)70,24369,972132,811132,084
Total$245,233$207,888$444,525$395,751
Commercial Segment:
Sales$370,180$275,851$737,535$550,903
Product margin$10,482$6,105$22,176$13,250

Item 1. Financial Statements (unaudited)

FAQ

What is Global Partners's station operations — net product margin?
Global Partners (GLP) reported station operations — net product margin of $70.24M in Q2 2026.
How has Global Partners's station operations — net product margin changed year-over-year?
Global Partners's station operations — net product margin increased by 0.4% year-over-year, from $69.97M to $70.24M.
What is the long-term trend for Global Partners's station operations — net product margin?
Over 4 years (2021 to 2025), Global Partners's station operations — net product margin has grown at a 3.8% compound annual growth rate (CAGR), from $233.88M to $271.94M.
What does station operations — net product margin mean?
This metric represents the profitability of the station operations segment after deducting the direct costs of products sold from the total revenue. It is a critical measure of operational efficiency and the company's ability to manage commodity price fluctuations and supply chain costs effectively.

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