---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000748"
form_type: "8-K"
ticker: "GLP"
cik: "0001323468"
company_name: "GLOBAL PARTNERS LP"
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T16:08:21.303434+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Global Partners Q1 net income $29M ($0.70/unit); signs JV with ExxonMobil for 64 Houston sites

## Summary
- Net income $29.0M ($0.70/diluted unit) vs $30.5M ($0.76) in Q1 2022.
- Adjusted EBITDA $76.0M vs $74.9M YoY; DCF $46.3M vs $49.9M.
- Gross profit $222.1M, combined product margin $244.8M, up from $206.2M and $228.2M respectively.
- Signed JV agreement with ExxonMobil to acquire 64 convenience/fueling facilities in Greater Houston.
- CEO cites strong GDSO segment offsetting warm weather impact on winter product demand.

## SEC filing metadata
- accession: 0001157523-23-000748
- form_type: 8-K
- ticker: GLP
- cik: 0001323468
- company_name: GLOBAL PARTNERS LP
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1323468/000115752323000748/0001157523-23-000748-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1323468/000115752323000748/a53394038.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000748
- JSON: https://secwatch.observer/filing/0001157523-23-000748.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000748.txt

## Key facts
- Earnings Releases
  GLOBAL PARTNERS LP reported the first quarter ended March 31, 2023 results: net income $29.0 million, EPS $0.70 per diluted common limited partner unit.
  - Period: the first quarter ended March 31, 2023
  - Net income: $29.0 million
  - EPS: $0.70 per diluted common limited partner unit
  - Result: reported results
  source text: Net income was $29.0 million, or $0.70 per diluted common limited partner unit, for the first quarter of 2023, compared with net income of $30.5 million, or $0.76 per diluted common limited partner unit, in the same period of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1323468/000115752323000748/0001157523-23-000748-index.htm

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