---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-058437"
form_type: "8-K"
ticker: "GLP"
cik: "0001323468"
company_name: "GLOBAL PARTNERS LP"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:58:02.380222+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Global Partners Q1 net loss $5.6M vs $29.0M profit; EBITDA falls 27%

## Summary
- Net loss of $5.6M ($0.37 per unit) vs net income of $29.0M ($0.70 per unit) in Q1 2023.
- Adjusted EBITDA $56.0M, down from $76.0M; distributable cash flow $15.8M vs $46.3M.
- Gross profit $215.1M vs $222.1M; combined product margin $244.1M vs $244.8M.
- Completed integration of Motiva terminals; closed on purchase of four Gulf terminals in April.

## SEC filing metadata
- accession: 0001104659-24-058437
- form_type: 8-K
- ticker: GLP
- cik: 0001323468
- company_name: GLOBAL PARTNERS LP
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1323468/000110465924058437/0001104659-24-058437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1323468/000110465924058437/tm2413766d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-058437
- JSON: https://secwatch.observer/filing/0001104659-24-058437.json
- Plain text: https://secwatch.observer/filing/0001104659-24-058437.txt

## Key facts
- Earnings Releases
  GLOBAL PARTNERS LP reported first quarter ended March 31, 2024 results: net income Net loss was $5.6 million, EPS $0.37 per common limited partner unit.
  - Period: first quarter ended March 31, 2024
  - Net income: Net loss was $5.6 million
  - EPS: $0.37 per common limited partner unit
  - Result: reported results
  source text: Net loss was $5.6 million, or $0.37 per common limited partner unit, for the first quarter of 2024 compared with net income of $29.0 million, or $0.70 per diluted common limited partner unit, in the same period of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1323468/000110465924058437/0001104659-24-058437-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.