Global Partners (GLP) Q3 FY2026 earnings: revenue $6.7 billion, up 42.4% on the year

Global Partners LP (GLP) reported revenue of $6.7 billion for Q3 FY2026, the quarter ended 30 September 2026, up 42.4% on the same quarter a year earlier. Net income was $52 million, up 80.4% on the year. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.

Revenue

$6.7 billion

+42.4% on the year · -1.6% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

1.3%

1.3% a year earlier

Q4 FY2024Q3 FY2026

Net income

$52 million

+80.4% on the year · -26.2% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

n/a

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 raised.

Net income and diluted EPS rose: Net income was $52.4 million, or $1.26 per diluted common limited partner unit, against $29.0 million, or $0.66, a year earlier. EBITDA reached $120.8 million compared with $97.1 million.
Adjusted EBITDA and DCF both rose: Adjusted EBITDA was $122.9 million versus $98.8 million. Distributable cash flow was $70.1 million compared with $53.0 million, and adjusted DCF was $70.3 million against $53.3 million.
GDSO product margin declined: GDSO product margin was $210.6 million versus $218.9 million. Gasoline distribution margin decreased to $136.8 million from $144.8 million, in part due to lower fuel volume.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	6,684	6,792	4,694	-1.6%	+42.4%
Cost of revenue	6,388	6,463	4,423	-1.2%	+44.4%
Gross profit	296	329	271	-10.0%	+9.1%
Gross margin	4.4%	4.8%	5.8%
Selling, general and administrative	79.3	83.0	76.3	-4.4%	+4.0%
Operating income	83.7	107	61.4	-22.1%	+36.2%
Operating margin	1.3%	1.6%	1.3%
Interest expense	31.4	33.1	33.3	-5.1%	-5.8%
Pre-tax income	53.2	76.3	28.6	-30.3%	+86.0%
Income tax	0.8	5.3	-0.4	-84.8%
Effective tax rate	1.5%	6.9%	-1.6%
Net income	52.4	71.0	29.0	-26.2%	+80.4%
Net margin	0.8%	1.0%	0.6%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	180	309	19.0	-41.9%	+844.8%
Capital expenditure	41.9	35.0	19.7	+19.6%	+112.5%
Free cash flow	138	274	-0.7	-49.8%
Free cash flow margin	2.1%	4.0%	-0.0%
Cash from investing	-37.7	-31.2	-20.4
Cash from financing	-144	-273	3.2
Share-based compensation	4.6	5.8	3.4	-20.7%	+35.9%
Buybacks	1.3	n/a	3.8		-66.6%
Shares outstanding at period end	34m	34m	34m	0.0%	0.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Debt	1,334	1,309	1,373	+1.9%	-2.8%
Operating lease liabilities	296	298	274	-0.7%	+7.9%
Finance lease liabilities	124	126	131	-1.1%	-5.0%
Total liabilities and equity	4,174	4,022	3,700	+3.8%	+12.8%
Fixed assets	1,658	1,652	1,654	+0.4%	+0.2%
Goodwill	422	422	422	0.0%	0.0%
Intangible assets	9.5	10.8	14.6	-11.7%	-34.7%
Cash and equivalents	21.5	23.9	17.9	-9.9%	+20.2%
Receivables	848	706	521	+20.0%	+62.5%
Inventory	610	578	479	+5.5%	+27.4%
Other assets	606	629	592	-3.7%	+2.3%
Total assets	4,174	4,022	3,700	+3.8%	+12.8%

Questions

What was Global Partners' revenue in Q3 FY2026?

Global Partners (GLP) reported revenue of $6.7 billion for Q3 FY2026, the quarter ended 30 September 2026, up 42.4% on the same quarter a year earlier.

How much did Global Partners earn in Q3 FY2026?

Net income for Q3 FY2026 was $52 million, up 80.4% on the year.

When did Global Partners report Q3 FY2026 results?

Global Partners filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	4,092	4,501	5,324	4,627	4,427	4,030	3,832	4,221	4,409	4,145	4,410	4,422	4,186	4,592	4,627	4,694	4,648	5,322	6,792	6,684
Cost of revenue	3,899	4,294	5,042	4,298	4,145	3,808	3,589	3,993	4,129	3,930	4,122	4,136	3,917	4,337	4,355	4,423	4,385	4,990	6,463	6,388
Gross profit	193	206	281	328	282	222	243	229	280	215	288	286	269	255	272	271	263	332	329	296
Gross margin	5%	5%	5%	7%	6%	6%	6%	5%	6%	5%	7%	6%	6%	6%	6%	6%	6%	6%	5%	4%
SG&A	57.8	56.3	60.9	65.1	80.8	62.3	66.7	63.5	81.3	69.8	72.4	70.5	79.4	73.7	74.8	76.3	80.9	99.3	83.0	79.3
Operating income	39.6	53.1	187	141	79.0	51.5	62.7	48.0	81.6	25.8	83.9	83.5	58.1	55.9	60.1	61.4	57.3	106	107	83.7
Operating margin	1%	1%	4%	3%	2%	1%	2%	1%	2%	1%	2%	2%	1%	1%	1%	1%	1%	2%	2%	1%
Interest expense	19.7	21.5	21.1	19.0	19.7	22.1	21.8	21.1	20.7	29.7	35.5	35.1	34.4	36.0	34.5	33.3	33.3	35.5	33.1	31.4
Pre-tax income	19.9	31.7	166	122	59.4	29.4	42.1	28.1	61.1	-5.2	48.0	48.2	24.0	19.9	25.1	28.6	25.4	71.0	76.3	53.2
Tax rate	3%	4%	2%	9%	3%	1%	2%	4%	9%	n/a	4%	5%	1%	6%	-0%	-2%	2%	1%	7%	2%
Net income	19.3	30.5	163	111	57.5	29.0	41.4	26.8	55.3	-5.6	46.1	45.9	23.9	18.7	25.2	29.0	25.1	70.1	71.0	52.4
Net margin	0%	1%	3%	2%	1%	1%	1%	1%	1%	-0%	1%	1%	1%	0%	1%	1%	1%	1%	1%	1%
Diluted EPS	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$1.41	n/a	n/a	n/a	$0.52	n/a	n/a	n/a	$0.54	n/a	n/a	n/a
Operating cash flow	-48.8	22.6	363	192	-96.9	-19.3	265	97.1	169	-183	24.3	123	67.2	-51.6	216	19.0	101	-105	309	180
Capital expenditure	36.2	17.1	25.3	23.4	41.0	15.2	22.1	17.5	34.1	16.6	15.6	24.3	46.8	17.9	15.1	19.7	38.8	31.9	35.0	41.9
Free cash flow	-85.0	5.5	337	168	-138	-34.5	243	79.6	135	-199	8.7	98.4	20.4	-69.5	201	-0.7	62.2	-137	274	138
Buybacks	n/a	n/a	n/a	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	3.3	n/a	0.5	3.0	3.8	2.6	n/a	n/a	1.3
Shares outstanding	34m	34m	34m	34m	34m	34m	34m	34m	34m	34m	34m	34m	34m	34m	34m	34m	34m	34m	34m	34m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 6 November 2026: the filing.