Filing Flows › Global Partners LP (GLP) › Q3 2026
Global Partners LP (GLP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Global Partners LP (GLP) reported revenue of $6.7B for the third quarter 2026 (Q3 2026), +42% from a year earlier and -2% from the quarter before. Operating margin was 1.3%, net earnings $52.4M (0.8% of revenue).
Global Partners LP, Q3 2026: revenue $6.7B (+42% year over year), operating margin 1.3%, net earnings $52.4M, operating cash flow $180M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7B | -2% | +42% |
| Gross profit | $296M | -10% | +9% |
| Operating profit | $83.7M | -22% | +36% |
| Net earnings | $52.4M | -26% | +80% |
| Operating cash flow | $180M | -42% | +845% |
| Free cash flow | $138M | -50% | — |
What changed
Revenue was $6.7B in Q3 2026, up 42% year over year and down 2% from the previous quarter. Wholesale segment was the largest line at 71% of revenue. Wholesale segment added $1.6B year over year (up 52%), 82% of the total change.
Gross margin was 4.4%, down 1.4 points from Q3 2025. Operating profit was $0.08B, a 1.3% margin (down 0.1 points year over year). Of the extra revenue versus Q3 2025, 1% reached operating profit, below the 1% margin then. Operating expenses grew 1% against revenue growth of 42%. Net earnings were $0.05B, up 80% year over year. The effective tax rate was 1.5%.
Operating cash flow was $0.18B (up 845% year over year), 343% of net earnings. Non-cash charges added back $4.6M of share-based compensation. Working capital and other items added $0.12B. Capital expenditures of $0.04B left free cash flow of $0.14B.
Questions
What was Global Partners LP's revenue in the third quarter 2026?
Global Partners LP (GLP) reported revenue of $6.7B for the third quarter 2026 (Q3 2026), +42% from a year earlier and -2% from the quarter before.
Was Global Partners LP profitable in the third quarter 2026?
Operating profit was $83.7M (1.3% of revenue) and net earnings $52.4M.
Source: Global Partners LP 10-Q on SEC EDGAR.