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Global Partners GLP Wholesale — 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
Product margin
Gasoline and gasoline blendstocks$78,410$58,794$179,577$115,963
Distillates and other oils (1)28,08632,93881,01169,409
Total$106,496$91,732$260,588$185,372
Gasoline Distribution and Station Operations Segment:
Sales
Gasoline$1,410,442$1,077,203$2,393,205$2,082,558
Station operations (2)142,184141,371264,265262,725

Item 1. Financial Statements (unaudited)

FAQ

What is Global Partners's wholesale — net product margin?
Global Partners (GLP) reported wholesale — net product margin of $106.5M in Q2 2026.
How has Global Partners's wholesale — net product margin changed year-over-year?
Global Partners's wholesale — net product margin increased by 16.1% year-over-year, from $91.73M to $106.5M.
What is the long-term trend for Global Partners's wholesale — net product margin?
Over 4 years (2021 to 2025), Global Partners's wholesale — net product margin has grown at a 23.4% compound annual growth rate (CAGR), from $138.87M to $321.67M.
What does wholesale — net product margin mean?
Calculated as the difference between total revenue and the cost of products sold, representing the core profitability of the segment's trading and logistics activities. This is a primary measure of the segment's ability to manage commodity price volatility and supply chain costs. It is a critical indicator of operational efficiency and competitive advantage.

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