Global Partners reported Q4 2025 net income of $25.1M, or $0.54 per diluted unit, an increase from $23.9M. Total sales rose to $4.6B, while Distributable cash flow decreased to $38.4M.
Bullish
Global Partners reported increased Q4 2025 net income and total sales, driven by higher Wholesale volume. The Gasoline Distribution and Station Operations segment also showed improved product margin.
Bearish
Global Partners' Wholesale segment product margin decreased due to less favorable market conditions, and Commercial segment product margin also declined. Full-year net income and DCF were lower than in 2024.