Global Partners LP: insider trades · United States · SEC (Form 4)

About Global Partners LP

Global Partners LP (NYSE: GLP) is a United States-based integrated energy partnership with a business model centered on liquid fuels, terminal storage, wholesale distribution, and retail fuel experiences. Founded in Boston during the Great Depression by Abraham Slifka, the company traces its origins to a small home-heating-oil delivery business and has since evolved into a much larger national platform. Today, Global Partners emphasizes a legacy of more than 90 years and an operating footprint built around logistics, infrastructure, and downstream energy marketing. Its corporate headquarters are in Waltham, Massachusetts. The company’s business model is organized around three core pillars. First is its terminal network, which provides storage and handling capacity for refined petroleum products, renewable fuels, and related liquids. Second is Wholesale & Commercial, where Global Partners supplies fuel and energy products to businesses, dealers, municipalities, and other commercial end users. Third is its retail and station operations platform, which supplies, owns, leases, or operates fueling locations and convenience-oriented retail experiences. In addition, the company has been working to incorporate lower-carbon solutions and renewable fuel offerings, while maintaining its traditional strength in petroleum-based products. From a competitive standpoint, Global Partners stands out for its integrated supply chain and its asset-heavy logistics platform. Management describes the company as one of the leading independent owners, suppliers, and operators of liquid energy terminals, fueling locations, and retail experiences. Its footprint is heavily rooted in the Northeast United States, but it extends from Maine to Florida and into the Gulf states, giving it broad regional reach. Public company materials indicate a network of 54 terminals and more than 1,700 retail locations supplied, owned, or leased, which underpins scale, flexibility, and supply reliability. Its main products and services include gasoline, distillates, commercial fuels, propane, renewable fuels, transportation services, and fuel-related optimization and price-risk management programs. The company moves product through pipeline, rail, truck, and vessel depending on market needs and asset access. That multi-channel distribution model is important in a volatile commodity environment, where logistics optionality can support margins and customer retention. Recent developments reinforce the company’s relevance for income-oriented investors. Global Partners filed its 2025 Annual Report on Form 10-K on February 27, 2026, and reported fourth-quarter and full-year 2025 results shortly thereafter. The partnership also announced a quarterly cash distribution on its publicly traded units, underscoring its MLP-style return profile. For French, Belgian, and Swiss investors, GLP is therefore best viewed as a NYSE-listed U.S. energy infrastructure and downstream distribution company with tangible assets, a long operating history, and exposure to North American fuel demand.