Global Partners Raises Quarterly Distribution 2%
The partnership increased its second-quarter payout to $0.7800 a common unit.
Global Partners LP (GLP), an energy logistics partnership, raised its common-unit cash distribution, lifting the annualized rate to $3.12.
The increase extended the partnership’s quarter-to-quarter payout growth at a measured pace.
The second-quarter distribution rose $0.0150 a unit from $0.7650 in the first quarter.
That represented a sequential increase of about 2.0%.
On an annualized basis, the distribution advanced from $3.06 following the latest increase.
The higher payout left common-unit holders entering the second half of 2026 with a larger quarterly distribution.