Details Financial Performance and Operational Highlights for Fiscal Year 2025
Global Partners LP has announced the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The report was submitted to the U.S. Securities and Exchange Commission (SEC) on February 27, 2026, marking an important milestone in the Partnership’s commitment to transparency, regulatory compliance, and clear communication with investors and stakeholders.
The Annual Report on Form 10-K provides a comprehensive overview of Global Partners’ financial performance, operational achievements, risk factors, governance practices, and long-term strategic outlook. As one of the most detailed disclosures required of publicly traded companies in the United States, the Form 10-K serves as a critical resource for investors, analysts, and market participants seeking a deeper understanding of the Partnership’s business model and financial health.
Investors and members of the public can access a copy of the 2025 Form 10-K through multiple channels. The report is available for viewing or download on the “SEC Filings” section of Global Partners’ investor relations website. It is also accessible directly through the SEC’s official website. For those who prefer physical documentation, Global Partners offers hard copies of its complete audited financial statements free of charge upon request. Interested parties can contact the Partnership’s Investor Relations department by phone or email to obtain printed materials.
Commitment to Transparency and Strong Governance
Filing the Form 10-K reflects Global Partners’ ongoing commitment to maintaining high standards of corporate governance and financial accountability. The annual report includes audited financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP), along with management’s discussion and analysis (MD&A), which provides context and insight into the company’s financial results and operational trends during the year.
Through detailed disclosures, Global Partners outlines the key drivers of its business performance in 2025, including market conditions in the liquid energy sector, supply and demand dynamics, logistics efficiencies, capital allocation priorities, and evolving regulatory frameworks. The report also addresses risk management strategies and the company’s approach to navigating volatility in commodity markets, changing environmental policies, and shifting consumer preferences.
As a publicly traded master limited partnership, Global Partners understands the importance of clear communication with unitholders. By providing accessible and comprehensive financial information, the Partnership reinforces investor confidence and supports informed decision-making.
A Legacy Spanning More Than 90 Years
Global Partners’ roots trace back more than nine decades, a legacy that has shaped its evolution into a modern, integrated energy company. Over the years, the organization has continuously adapted to industry changes, technological advancements, and new market opportunities. From its early beginnings as a regional fuel distributor, Global Partners has grown into a Fortune 500 enterprise with a diversified and resilient business model.
Today, the Partnership stands as an industry-leading integrated owner, supplier, and operator of liquid energy terminals, fueling locations, and guest-focused retail experiences. Its vertically integrated structure enables it to manage the supply chain from procurement and storage to distribution and retail delivery. This integrated approach enhances operational efficiency, strengthens margins, and ensures reliability for customers across its markets.
Extensive Terminal and Logistics Network
A cornerstone of Global Partners’ business is its expansive terminal and logistics infrastructure. The company operates or maintains dedicated storage at 54 liquid energy terminals strategically located from Maine to Florida and extending into the U.S. Gulf States. These terminals are connected to key transportation assets, including rail lines, pipelines, and marine facilities, providing flexibility and efficiency in sourcing and distributing products.
This robust network allows Global Partners to respond quickly to market demands and regional supply needs. By leveraging multimodal connectivity, the Partnership can optimize product flow, manage inventory effectively, and mitigate supply chain disruptions. The terminal system supports the distribution of gasoline, distillates, residual oil, and renewable fuels to a broad customer base that includes wholesalers, retailers, and commercial enterprises.
The strategic placement of terminals along the East Coast and Gulf regions also positions the company to benefit from global trade flows and domestic production trends. Access to marine assets enables import and export capabilities, while pipeline and rail connectivity ensure seamless inland distribution.
Retail Footprint and Guest-Focused Experience
Beyond its wholesale and terminal operations, Global Partners maintains a substantial retail presence. The company owns, operates, and/or supplies approximately 1,700 retail locations across the Northeast, the Mid-Atlantic, and Texas. These locations serve as vital community hubs, offering fuel and convenience products designed to meet the needs of everyday consumers.
Global Partners has emphasized creating unique, guest-focused convenience destinations that go beyond traditional fueling stations. By enhancing store layouts, product offerings, and customer service standards, the company aims to deliver a differentiated retail experience. This strategy not only strengthens brand loyalty but also diversifies revenue streams beyond fuel sales.
Through careful site selection, branding initiatives, and operational efficiencies, the retail network contributes significantly to the Partnership’s overall performance. The integration between supply, terminal operations, and retail distribution further reinforces its competitive advantage in regional markets.
Embracing the Energy Transition
As the global energy landscape evolves, Global Partners continues to adapt its strategy to align with long-term industry trends. The company distributes renewable fuels alongside traditional petroleum products, reflecting its recognition of changing regulatory requirements and environmental priorities. By diversifying its product portfolio, Global Partners aims to remain relevant and competitive in an era of energy transition.
Investments in infrastructure upgrades, sustainability initiatives, and operational efficiencies demonstrate the Partnership’s commitment to responsible growth. The company seeks to balance current energy demands with future-oriented strategies, ensuring resilience in a shifting marketplace.
Recognition as one of Fortune’s Most Admired Companies underscores Global Partners’ reputation for operational excellence, innovation, and corporate responsibility. This distinction reflects the company’s dedication to ethical leadership, strategic vision, and strong stakeholder relationships.
