---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-018694"
form_type: "8-K"
ticker: "GLP"
cik: "0001323468"
company_name: "GLOBAL PARTNERS LP"
filed_at: "2025-02-28T23:59:59+00:00"
generated_at: "2026-05-25T22:45:11.755620+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Global Partners Q4 net income drops 57% YoY to $23.9M; storage capacity expands to 22M bbl

## Summary
- Q4 2024 net income $23.9M ($0.52 diluted unit) vs $55.3M ($1.41) in Q4 2023.
- Full-year 2024 net income $110.3M ($2.41/unit) vs $152.5M ($3.76) in 2023.
- Q4 adjusted EBITDA $97.8M vs $112.1M; full-year adjusted EBITDA $388.9M vs $356.3M.
- DCF $45.7M in Q4 vs $59.4M; full-year DCF $205.8M vs $202.7M.
- Since late 2023, added 30 terminals, storage capacity up 12.1M bbl to 22M bbl.

## SEC filing metadata
- accession: 0001104659-25-018694
- form_type: 8-K
- ticker: GLP
- cik: 0001323468
- company_name: GLOBAL PARTNERS LP
- filed_at: 2025-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1323468/000110465925018694/0001104659-25-018694-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1323468/000110465925018694/tm257694d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-018694
- JSON: https://secwatch.observer/filing/0001104659-25-018694.json
- Plain text: https://secwatch.observer/filing/0001104659-25-018694.txt

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