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Global Partners GLP Wholesale — Net Product Margin

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FHNWholesale — Pre-Provision Net Revenue
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Other financials

Income statement

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Revenue$5.3B+15.9%
Gross profit$332.2M+30.1%
Operating income$105.7M+89.2%
Net income$70.1M+275%

Balance sheet

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Cash & equivalents$18.4M+146%
Total debt$499.9M+14.0%
Total assets$4.3B+12.9%

Cash flow

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Operating cash flow-$104.7M-103%
CapEx$31.9M+78.1%
Free cash flow-$136.6M-96.6%

Valuation

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Market cap$1.5B-20.9%

Profitability

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Gross margin5.9%-0.3pp
Operating margin1.5%-0.1pp
Net margin0.8%0.0pp
FCF margin0.7%—

Returns & leverage

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Current ratio1.1×0.0×

Where this comes from

Reported directly by Global Partners in its filing.

Tagged under the XBRL concept glp:NetProductMargin.

The official record: Global Partners’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Global Partners's wholesale — net product margin?
Global Partners (GLP) reported wholesale — net product margin of $154.09M in Q1 2026.
How has Global Partners's wholesale — net product margin changed year-over-year?
Global Partners's wholesale — net product margin increased by 64.6% year-over-year, from $93.64M to $154.09M.
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.