GLOBAL PARTNERS LP Business Summary

Global Partners LP (GLP) operates as a vertically integrated master limited partnership (MLP) primarily generating revenue through the wholesale distribution, terminaling, and retail marketing of liquid energy products. The company’s business is organized into three core segments: Wholesale, which manages the bulk purchase and sale of gasoline, distillates, and renewable fuels; Gasoline Distribution and Station Operations (GDSO), which oversees a vast network of approximately 1,700 fueling stations and 295 company-operated convenience stores under brands like Alltown Fresh; and Commercial, which provides fueling services to large-scale customers including government agencies and shipping companies. As of February 2026, Global Partners maintains a dominant market position in the Northeast United States, leveraging its 21.8 million barrels of storage capacity across 54 terminals to capture margins across the entire midstream-to-downstream value chain. Its primary direct competitors include Sunoco LP, CrossAmerica Partners LP, and Casey’s General Stores, Inc., against whom GLP differentiates itself through its aggressive expansion into premium, chef-driven retail experiences and its strategic terminal acquisitions in high-growth markets like Houston. The leadership team is anchored by President and CEO Eric Slifka, who has led the partnership since its inception in 2005 and represents the third generation of the founding Slifka family, which established the business in 1947. Slifka is supported by a seasoned executive suite including Chief Financial Officer Gregory B. Hanson, Chief Operating Officer Mark A. Romaine, and Chief Strategy & Transformation Officer Catie Kerns, all of whom possess extensive backgrounds in energy logistics and capital markets. The company’s governance is managed by its general partner, Global GP LLC, which maintains a high level of alignment with unitholders through significant insider ownership exceeding 41%. Notable board members include Independent Directors John Hailer and Robert Owens, who provide oversight for the partnership’s strategic pivot toward sustainable energy solutions and EV infrastructure expansion. This family-led pedigree, combined with institutional backing from major money managers, provides a stable foundation for GLP’s consistent quarterly distribution growth and long-term asset optimization strategy.