--- title: "Global Partners LP | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 5.322 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/285721824.md" datetime: "2026-05-08T12:11:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285721824.md) - [en](https://longbridge.com/en/news/285721824.md) - [zh-HK](https://longbridge.com/zh-HK/news/285721824.md) --- # Global Partners LP | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 5.322 B Revenue: As of FY2026 Q1, the actual value is USD 5.322 B, missing the estimate of USD 6.976 B. EPS: As of FY2026 Q1, the actual value is USD 1.85, beating the estimate of USD 0.33. EBIT: As of FY2026 Q1, the actual value is USD 141.24 M. #### Net Income Global Partners LP reported net income of $70.1 million for the first quarter of 2026, a significant increase from $18.7 million in the same period of 2025. #### Gross Profit Gross profit for the first quarter of 2026 was $332.2 million, up from $255.2 million in the first quarter of 2025. #### Operating Income Operating income for the first quarter of 2026 was $105,739 thousand, compared to $55,887 thousand in the first quarter of 2025. #### Operating Costs Total costs and operating expenses were $226,428 thousand in the first quarter of 2026, an increase from $199,354 thousand in the first quarter of 2025. Selling, general and administrative expenses increased to $99,350 thousand in Q1 2026 from $73,717 thousand in Q1 2025. Operating expenses were $129,234 thousand in Q1 2026, compared to $126,715 thousand in Q1 2025. #### Segment Revenue (Sales) Total sales reached $5.3 billion in the first quarter of 2026, up from $4.6 billion in the same period of 2025. Wholesale segment sales increased to $3.8 billion in Q1 2026 from $3.2 billion in Q1 2025. Gasoline Distribution and Station Operations (GDSO) segment sales remained constant at $1.1 billion in both Q1 2026 and Q1 2025. Commercial segment sales were $367.4 million in Q1 2026, an increase from $275.1 million in Q1 2025. #### Operational Metrics (Volume) Total volume for the first quarter of 2026 was 2.1 billion gallons, compared with 1.9 billion gallons in the same period of 2025. Wholesale segment volume increased to 1.6 billion gallons in Q1 2026 from 1.4 billion gallons in Q1 2025. GDSO volume decreased to 331.9 million gallons in Q1 2026 from 357.6 million gallons in Q1 2025. Commercial segment volume increased to 166.8 million gallons in Q1 2026 from 124.8 million gallons in Q1 2025. #### Unique Metrics (Product Margin) Combined product margin, a non-GAAP measure, was $365.1 million in the first quarter of 2026, up from $288.6 million in the same period of 2025. GDSO segment product margin was $199.3 million in Q1 2026, compared to $187.9 million in Q1 2025, including $136.7 million from gasoline distribution and $62.6 million from station operations. Wholesale segment product margin was $154.1 million in Q1 2026, significantly higher than $93.6 million in Q1 2025, including $101.2 million from gasoline and gasoline blendstocks and $52.9 million from distillates and other oils. Commercial segment product margin was $11.7 million in Q1 2026, an increase from $7.1 million in Q1 2025. #### Cash Flow Net cash used in operating activities was - $104,700 thousand in the first quarter of 2026, compared to - $51,590 thousand in the same period of 2025. Distributable cash flow (DCF) was $96.4 million in Q1 2026, an increase from $45.7 million in Q1 2025. Adjusted distributable cash flow was $96.8 million in Q1 2026, compared to $46.5 million in Q1 2025. #### Outlook / Guidance The report does not contain specific forward-looking financial guidance or outlook. It only includes general statements about adapting to market conditions and maximizing returns. ### Related Stocks - [GLP.US](https://longbridge.com/en/quote/GLP.US.md) ## Related News & Research - [Global Partners Insider Purchased Shares Worth Over $1.2M](https://longbridge.com/en/news/287124741.md) - [Meet the Nvidias of power - 5 stocks winning Big Tech's $700 billion AI energy grab](https://longbridge.com/en/news/286680757.md) - [04:17 ETDr. Demetrios, CEO of BitDelta Group, Awarded at CYDIA Awards 2026 in Recognition of Global Impact](https://longbridge.com/en/news/287029808.md) - [Prescott Group Capital Management L.L.C. Invests $945,000 in GE Vernova Inc. $GEV](https://longbridge.com/en/news/287202183.md) - [If You Invested $100 In Texas Pacific Land Stock 15 Years Ago, You Would Have This Much Today](https://longbridge.com/en/news/286940890.md)