---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001699"
form_type: "8-K"
ticker: "GLP"
cik: "0001323468"
company_name: "GLOBAL PARTNERS LP"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:11:08.557552+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Global Partners Q3 net income $26.8M ($0.60/unit), down 76%; acquires 25 terminals from Motiva for $305.8M

## Summary
- Net income of $26.8M ($0.60 diluted EPS) vs $111.4M ($3.12) in Q3 2022; adjusted EBITDA $77.7M vs $168.5M.
- Gross profit $228.5M vs $328.4M; distributable cash flow $42.2M vs $128.0M.
- Signed agreement to acquire 25 liquid energy terminals (8.4M bbl capacity) from Motiva for $305.8M cash.
- Acquisition includes 25-year take-or-pay throughput agreement; expected close by year-end pending regulatory approvals.
- CEO Eric Slifka says Q3 results in line with expectations in a more normalized market.

## SEC filing metadata
- accession: 0001157523-23-001699
- form_type: 8-K
- ticker: GLP
- cik: 0001323468
- company_name: GLOBAL PARTNERS LP
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1323468/000115752323001699/0001157523-23-001699-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1323468/000115752323001699/a53796668.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001699
- JSON: https://secwatch.observer/filing/0001157523-23-001699.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001699.txt

## Key facts
- Earnings Releases
  GLOBAL PARTNERS LP reported third quarter ended September 30, 2023 results: net income $26.8 million, EPS $0.60 per diluted common limited partner unit.
  - Period: third quarter ended September 30, 2023
  - Net income: $26.8 million
  - EPS: $0.60 per diluted common limited partner unit
  - Result: reported results
  source text: Net income was $26.8 million, or $0.60 per diluted common limited partner unit, for the third quarter of 2023, compared with net income of $111.4 million, or $3.12 per diluted common limited partner unit, in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1323468/000115752323001699/0001157523-23-001699-index.htm

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