Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32593 Global Partners LP (Exact name of registrant as specified in its charter) Delaware 74-3140887 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) P.O. Box 9161 ☒ QUARTERLY REPORT PURSUANT TO SEC ...

Financial Data and Key Metrics Changes - Net income for Q1 2022 was $30.5 million compared to a net loss of $4.3 million in Q1 2021 [12] - Adjusted EBITDA for Q1 2022 was $74.9 million, up from $40.4 million in the same period last year [12] - Distributable cash flow (DCF) increased to $49.9 million from $14 million in Q1 2021 [12] - LTM distribution coverage as of March 31, 2022, was 1.9 times, or 1.7 times after factoring in distributions to preferred unitholders [12] Business Line Data and Key Metrics Changes - GDSO product margin in Q1 2022 was $173 million, an increase of $42.6 million from Q1 2021 [13] - Gasoline distribution contribution to product margin rose by $34.7 million to $114.9 million, driven by increased volume sold and a rise in average fuel margins [13] - Station operations product margin, including convenience store sales, was $58.1 million, up $7.9 million from the previous year [15] - Wholesale segment product margin increased by $16.6 million to $47.1 million, with favorable market conditions in other oils [17] Market Data and Key Metrics Changes - NYMEX gasoline prices increased by $0.96 per gallon in Q1 2022, compared to an increase of $0.54 per gallon in Q1 2021 [14] - Product margins from other oils and related products increased by $18.6 million to $53.1 million, while gasoline and gasoline blendstock product margin was negative $2.3 million [18] Company Strategy and Development Direction - The company focuses on M&A as a key strategy, having built a strong retail presence through accretive deals over the past 12 years [9] - Recent acquisitions of Consumers Petroleum and Miller's Neighborhood Market added over 100 retail locations, enhancing the company's footprint in the Mid-Atlantic region [10] - The company is advancing renewable fuel initiatives to capitalize on new opportunities in liquid renewables and other products [10] Management's Comments on Operating Environment and Future Outlook - Management noted that inflation has not materially impacted operations, with costs being passed through to retail [30] - Gasoline demand remains below 2019 levels, but management sees no significant demand destruction as of April [34] - The company is optimistic about the M&A environment, believing it is ripe for consolidation, especially among smaller players facing increased operating expenses [42][45] Other Important Information - The quarterly distribution on common units was increased to $0.238 per unit, with payment scheduled for May 13, 2022 [11] - Operating expenses rose by $18.7 million to $99.2 million, driven by recent acquisitions and higher salary and rent expenses [21] Q&A Session Summary Question: Impact of inflation on operations - Management indicated that inflation has not materially impacted the company, with costs being passed through to retail and wage inflation stabilizing [30] Question: Demand destruction indications - Management noted that gasoline demand is still off from 2019 levels but has not seen significant demand destruction [34] Question: Strengths in other oils and related products - Management highlighted good performance in distillates, supported by favorable market conditions and strong demand in the bunkering business [38] Question: M&A environment - Management believes the industry is ripe for consolidation, with opportunities for growth through M&A as smaller players struggle with rising operating expenses [42][45] Question: Consumer response to higher fuel prices - Management reported that store performance remains strong, with good sales and margins despite some lag in transaction volumes compared to 2019 [47] Question: Repeatability of Q1 results in wholesale - Management stated that while Q1 results were strong, each quarter presents different challenges and opportunities, making it difficult to predict repeatability [55]

FORM 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Table of Contents (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32593 Global Partners LP (Exact name of registrant as specified in its charter) Delaware (State or other jurisdicti ...

Global Partners LP (NYSE:GLP) Q4 2021 Results Conference Call February 28, 2022 10:00 AM ET Company Participants Sean Geary - Acting General Counsel, VP of Mergers and Acquisitions Eric Slifka - President & Chief Executive Officer Gregory Hanson - Chief Financial Officer Conference Call Participants Selman Akyol - Stifel Operator Good day, everyone, and welcome to the Global Partners Fourth Quarter 2021 Financial Results Conference Call. Today's call is being recorded. [Operator Instructions] With us from ...

Global Partners LP (NYSE:GLP) Q3 2021 Earnings Conference Call November 5, 2021 10:00 AM ET Company Participants Eric Slifka - Chief Executive Officer Gregory Hanson - Chief Financial Officer Mark Romaine - Chief Operating Officer Sean Geary - Acting General Counsel, Secretary and Vice President, Mergers and Acquisitions Conference Call Participants Theresa Chen - Barclays Selman Akyol - Stifel Operator Good day and welcome to the Global Partners’ Third Quarter 2021 Earnings Conference Call. Today’s call is ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32593 Global Partners LP (Exact name of registrant as specified in its charter) Delaware 74-3140887 (State o ...

Global Partners LP (NYSE:GLP) Q2 2021 Earnings Conference Call August 6, 2021 10:00 AM ET Company Participants Eric Slifka - President and CEO Daphne Foster - CFO Mark Romaine - COO Gregory Hanson - Treasurer and Incoming-CFO Sean Geary - Acting General Counsel and VP, Mergers and Acquisitions Conference Call Participants Selman Akyol - Stifel Operator Good day everyone and welcome to the Global Partners Second Quarter 2021 Financial Results Conference Call. A brief question-and-answer session will follow t ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32593 Global Partners LP (Exact name of registrant as specified in its charter) Delaware 74-3140887 (State or oth ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32593 Global Partners LP (Exact name of registrant as specified in its charter) Delaware 74-3140887 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF (State or ot ...

Global Partners LP (NYSE:GLP) Q1 2021 Earnings Conference Call May 7, 2021 10:00 AM ET Company Participants Edward Faneuil - EVP, General Counsel & Secretary Eric Slifka - President, CEO & Vice Chairman Daphne Foster - CFO & Director Conference Call Participants Selman Akyol - Stifel, Nicolaus & Company Theresa Chen - Barclays Bank Ned Baramov - Wells Fargo Securities Operator Good day, everyone, and welcome to the Global Partners First Quarter 2021 Financial Results Conference Call. Today's call is being r ...