Global Partners Q2 profit more than doubles on higher fuel margins

Global Partners LP

07/08/2026 13:12

Overview
U.S. liquid energy operator's Q2 sales rose yr/yr but missed the sole analyst estimate
Net income more than doubled from a year ago
Company redeemed all outstanding Series B preferred units during the quarter

Outlook
Company did not provide specific financial guidance for the current or future periods

Result Drivers
HIGHER FUEL MARGINS - Gasoline distribution product margin increased, mainly due to higher fuel margins (cents per gallon)
FAVORABLE GASOLINE MARKETS - Wholesale segment gasoline and blendstocks margin rose, reflecting more favorable market conditions
BUNKERING IMPROVEMENT - Commercial segment margin grew due to more favorable market conditions in bunkering

Company press release: ID:nBw9TSyh9a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$6.79 bln
$7.51 bln (1 Analyst)
Q2 Net Income
 
$70.99 mln
 
Q2 Pretax Profit
Beat
$76.26 mln
$50.46 mln (1 Analyst)
Q2 Gross Profit
 
$328.94 mln
 
Q2 Operating Income
 
$107.36 mln
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
Aug 5 - CrossAmerica Q2 adjusted EBITDA rises on higher fuel margins
Aug 5 - AMCON Distributing Q3 EPS more than doubles, revenue rises
Aug 6 - Superior Plus Q2 revenue beats estimates on record CNG performance

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)