Global Partners LP Q4 2025 Earnings Call Summary

Performance was driven by the strength of a diversified, integrated platform spanning supply, terminals, wholesale, and retail, which balances earnings across different market cycles. The Wholesale segment saw higher volumes and double-digit product margin increases, benefiting from investments that expanded terminal capabilities and enhanced network connectivity. GDSO results were supported by strong fuel margins that helped offset lower volumes and a reduced station count resulting from ongoing site ...