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Global Partners GLP Wholesale — Maintenance Operating Cost

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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:MaintenanceOperatingCost.

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 itemWholesaleGDSOCommercialConsolidated
Wages and benefits (1)11,42829,72041,148
Occupancy costs (2)6,03525,20331,238
Transactional operating costs (3)27,53227,532
Maintenance (4)16,93810,49427,432
Other segment operating expenses4,1275,3579,484
Total operating expenses allocated to operating segments$38,528$98,306136,834
Operating expenses not allocated to operating segments:
Depreciation allocated to cost of sales33,270

Item 1. Financial Statements (unaudited)

FAQ

What is Global Partners's wholesale — maintenance operating cost?
Global Partners (GLP) reported wholesale — maintenance operating cost of $16.94M in Q2 2026.
How has Global Partners's wholesale — maintenance operating cost changed year-over-year?
Global Partners's wholesale — maintenance operating cost decreased by 11.2% year-over-year, from $19.08M to $16.94M.
What is the long-term trend for Global Partners's wholesale — maintenance operating cost?
Over 3 years (2022 to 2025), Global Partners's wholesale — maintenance operating cost has grown at a 37.4% compound annual growth rate (CAGR), from $19.16M to $49.72M.
What does wholesale — maintenance operating cost mean?
Covers the recurring expenses required to keep the segment's infrastructure, such as pipelines, terminals, and storage facilities, in good working order. Regular maintenance is essential for safety, regulatory compliance, and operational reliability. High or rising costs may indicate aging infrastructure or a focus on long-term asset integrity.

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