Global Partners LP Declares $0.59375 Quarterly Distribution on Series B Preferred Units
Global Partners LP, an integrated owner and operator of liquid energy terminals and fueling locations, announced a $0.59375 per unit quarterly distribution on its 9.50% fixed-rate Series B preferred units. The distribution represents an annualized rate of $2.375 per unit.
Global Partners LP (NYSE: GLP), an integrated owner and operator of liquid energy terminals and fueling locations, declared a quarterly cash distribution of $0.59375 per unit on its 9.50% fixed-rate Series B preferred units. The distribution annualizes to $2.375 per unit and covers the period from February 15, 2026 through May 14, 2026. Read more dividend announcements.
The board of directors of the partnership's general partner, Global GP LLC, approved the distribution on April 13, 2026.
| Distribution Details | Date |
|---|---|
| Amount per Unit | $0.59375 |
| Annualized Rate | $2.375 |
| Record Date | May 1, 2026 |
| Payment Date | May 15, 2026 |
| Coverage Period | February 15, 2026 - May 14, 2026 |
Series B preferred unitholders of record as of the opening of business on May 1, 2026 will receive the distribution on May 15, 2026.
The Series B preferred units trade on the New York Stock Exchange under the symbol GLP pr B, while the partnership's common units trade under the ticker GLP.
Global Partners issued qualified notice to brokers and nominees that the distribution to non-U.S. investors is fully attributable to income effectively connected with a United States trade or business. The partnership specified that 100% of the distribution should be treated as exceeding cumulative net income, making it subject to federal withholding at the highest applicable tax rate plus 10%.
About Global Partners LP
Global Partners operates as a Fortune 500 company with a legacy spanning more than 90 years. The partnership owns and operates liquid energy terminals, fueling locations, and retail facilities across the United States.