Global Partners LP Announces Quarterly Cash Distribution on Series B Preferred Units

Waltham, Mass., April 13, 2026 – Global Partners LP (NYSE: GLP) has announced a key financial development that may be of significant interest to shareholders and investors. The Board of Directors of the Partnership’s general partner, Global GP LLC, has declared a quarterly cash distribution for its 9.50% fixed-rate Series B preferred units.

Key Highlights of the Distribution:

• Distribution Amount: \$0.59375 per Series B preferred unit for the period from February 15, 2026, through May 14, 2026.
• Annualized Distribution: This equates to \$2.375 per unit on an annualized basis, reflecting a stable and attractive yield for preferred unit holders.
• Payment Date: The distribution will be paid on May 15, 2026.
• Record Date: Series B preferred unitholders must be on record as of the opening of business on May 1, 2026, to receive the distribution.

Important Tax Information for Non-U.S. Investors

Withholding Notice: Global Partners LP has provided a qualified notice to brokers and nominees who hold units on behalf of non-U.S. investors. According to recent Treasury regulations:

• 100% of distributions to non-U.S. investors are treated as effectively connected with a U.S. trade or business.
• 100% of the distributions are considered “in excess of cumulative net income” for withholding purposes.
• This means distributions to non-U.S. investors are subject to U.S. federal income tax withholding at the highest applicable effective tax rate plus an additional 10%.
• Brokers and nominees, not Global Partners LP, are responsible for withholding the required taxes from distributions to non-U.S. investors.

Potential Impact: This information is critical for non-U.S. investors as it affects the net amount they will receive from distributions and may impact the attractiveness of GLP units to international investors.

About Global Partners LP

Global Partners LP is a Fortune 500, industry-leading integrated owner, supplier, and operator of liquid energy terminals, fueling stations, and retail locations. The Partnership operates or maintains dedicated storage at 54 liquid energy terminals with connectivity to rail, pipeline, and marine assets, spanning from Maine to Florida and into the U.S. Gulf States.

• Distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial customers.
• Operates a large portfolio of owned, leased, or supplied retail locations across the Northeast, Mid-Atlantic, and Texas regions.
• Recognized as one of Fortune’s Most Admired Companies and is actively diversifying to meet evolving energy needs and the energy transition.

Forward-Looking Statements and Risks

The press release contains forward-looking statements regarding the Partnership’s expectations, plans, and anticipated future developments. Investors should note:

• Forward-looking statements are subject to significant risks and uncertainties, including the timing of economic recovery in the United States, which could impact demand for the Partnership’s products and services.
• Assumptions made in these statements may not materialize, and actual results could differ materially from current expectations.
• Investors are encouraged to review the Partnership’s filings with the SEC for further details on risks and uncertainties.

What Investors Should Watch

• Steady Distributions: The continued payment of distributions at a high fixed rate on preferred units signals financial stability and may support investor confidence.
• Tax Treatment Change for Non-U.S. Investors: The new withholding guidance may affect the after-tax return for non-U.S. holders and could influence market demand for GLP units.
• Ongoing Business Performance: As Global Partners continues to invest in its energy infrastructure and retail network, investors should monitor company filings for updates on diversification and growth strategies.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisors before making investment decisions. Forward-looking statements are subject to risks and uncertainties as described in Global Partners LP’s SEC filings.

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