Global Partners

What Global Partners does

Global Partners LP is a publicly traded Master Limited Partnership (NYSE: GLP), headquartered in Waltham, Massachusetts, and founded in 1933 as Slifky's Reliable Oil Burner Service in Boston. The company operates one of the largest independent liquid energy terminal networks in the United States, with 54 proprietary terminals providing approximately 22.4 million barrels of dedicated storage capacity across the Northeast, Mid-Atlantic, Southeast, and Gulf states. Its integrated business model spans five segments—Commercial (delivered fuel to government and enterprise customers), Wholesale (bulk distribution to resellers and branded retailers), Retail (over 300 company-operated convenience markets under brands including Alltown Fresh, Honey Farms Market, XtraMart, and Jiffy Mart), Terminals (storage and throughput services), and Real Estate Ventures (mixed-use redevelopment including the Everett Docklands project)—supported by a multi-modal logistics network spanning pipeline, rail, barge, and truck delivery.

The company sells crude oil, gasoline, diesel, kerosene, marine fuels, propane, residual fuels, and heating oils, alongside a proprietary product portfolio of Diesel One premium diesel, Heating Oil Plus, Subzero pour-point depressant, and the GlobalGLO Low Carbon Solutions suite (biodiesel, Bioheat, renewable diesel, ethanol, and compensated fuel paired with voluntary carbon offsets). Customer-facing technology is anchored by the GlobalCONNECT Portal, a web and mobile platform providing real-time pricing, invoice management, contract execution, and automated tank-level reordering, complemented by a fleet card program accepted at 95% of U.S. retail stations. Revenue is generated primarily through transactional fuel sales and terminaling service fees, with pricing models including spot rack, index-based, OPIS-referenced, fixed forward, and custom structures; 2024 distributions to unitholders were supported by 17–18 consecutive quarterly increases.

Name

Global Partners

Legal name

Global Partners LP

Website

https://globalp.com

Company type

Public

Founded year

1933

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Global Partners LP is a publicly traded MLP that operates one of the largest independent U.S. liquid energy terminal networks (54 terminals, ~22.4 million barrels capacity) and over 1,700 retail fuel/convenience locations, serving commercial, government, wholesale, and retail customers across the Northeast, Mid-Atlantic, Southeast, and Gulf states.

Ownership category

akta.pro rank

Product category

Fuel Distribution and Marketing

NAICS

Petroleum Bulk Stations and Terminals (424710), Gasoline Stations and Fuel Dealers (457), Fuel Dealers (45721)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Liquid Bulk Storage & Tank Farm Operators (Independent Storage) (TLAHABAM)

akta.pro secondary industries

Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery) (EUALAIAD), Liquid Bulk Petroleum Terminals (Crude, Refined Products) (TLAHABAH), Convenience Retail & Foodservice at Forecourts (C-Store/QSR) (EUALAIAE), NGLs & LPG Trading & Marketing (EUAGAAAE), Fuel Pricing, Loyalty & Payments Platforms (POS, Mobile Pay, Fleet Cards, Loyalty Programs) (EUALAIAK)

Keywords

• Fuel distribution services
• Liquid energy terminals
• Convenience retail operations
• Renewable fuel solutions
• Marine bunkering services

Headquarters

HQ city

Waltham

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Terminaling Services: Revenue from providing liquid energy terminaling services through 54 proprietary terminals with dedicated storage capacity of approximately 22.4 million barrels, offering multiple modes of transportation including rail, truck rack, and marine.
2. Wholesale Fuel Sales: Sale of fuel products including crude oil, diesel, gasoline, kerosene, marine fuels, propane, residual fuels, and heating oils through proprietary and third-party terminal networks.
3. Commercial Fuel Distribution: Delivered fuel supply to government and commercial end users including biofuels, gasoline, heating oil, and premium fuels. Accommodates bulk deliveries in trailer and less-than-trailer-load quantities.
4. Retail Fuel and Merchandise: Revenue from more than 300 company-operated retail markets under brands including Alltown Fresh, Honey Farms Market, XtraMart, Jiffy Mart, and others, offering both fuel and convenience retail.
5. Fleet Card Services: Fleet card program providing fuel purchase controls, expense reporting, and discounts at Global stations and partner locations nationwide, generating fees from transaction processing.
6. Bunker Services: Marine bunkering services 24/7 from facilities in Boston Harbor, New York Harbor, Philadelphia, and Baltimore, delivering IMO2020-compliant fuels via barge and truck.
7. Real Estate Ventures: Revenue from transformation of strategic real estate properties including the Everett Docklands project and other retail and terminal locations into mixed-use developments.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels6 records

Core offering

Global Partners LP is a leading independent owner, supplier, and operator of liquid energy terminals, fueling locations, and retail experiences. The company sells and distributes wholesale and commercial fuels (gasoline, diesel, heating oil, marine fuels, propane, residual fuels, kerosene, crude oil), operates 300+ company-owned convenience stores under multiple retail brands, and provides terminaling services through 54 proprietary terminals with approximately 22.4 million barrels of storage capacity. It also offers low-carbon fuel solutions (biodiesel, Bioheat, renewable diesel, ethanol, compensated fuel) and proprietary branded fuels (Diesel One, Heating Oil Plus, Subzero).

Product overview

Global Partners LP operates as an integrated energy company with five distinct business segments: Commercial (government and commercial fuel delivery), Wholesale (terminal network fuel distribution), Retail (300+ company-owned convenience markets), Terminals (54 liquid energy terminals with 22.4 million barrel storage capacity), and Real Estate Ventures (property development). The product portfolio centers on GlobalGLO Low Carbon Solutions™ (biodiesel, bioheat, renewable diesel, ethanol, compensated fuel) and proprietary fuel brands including Diesel One® premium diesel, Heating Oil Plus®, and Subzero® pour point depressant. The company offers the GlobalCONNECT Portal platform for customer fuel management, fleet card services, and branded retail fuel supply partnerships with major oil companies. Retail operations span multiple convenience store brands including Alltown Fresh®, Honey Farms Market™, XtraMart®, and Jiffy Mart.

Differentiator

Problem solved

Functional benefit

Brands

• Alltown Fresh: Fresh, healthy choices and made-to-order meals including organic, natural, gluten free, vegan, vegetarian, and locally sourced alternatives in a rush-free environment
• Honey Farms Market
• XtraMart
• Jiffy Mart
• Bee's Knees Benefits
• GlobalGLO Low Carbon Solutions
• Diesel One
• Heating Oil Plus
• Subzero
• GlobalCONNECT Portal

Products and services

• Terminaling Services Liquid energy terminal operations through 54 proprietary terminals with approximately 22.4 million barrels of dedicated storage capacity across the U.S., supporting multiple transportation modes including rail, truck rack, marine barge, and pipeline. Serves commercial, wholesale, and terminaling customers.
• Wholesale Fuels Wholesale supply of crude oil, gasoline, diesel, kerosene, propane, marine fuels, residual fuels, and heating oils through proprietary and third-party terminal networks to fuel resellers, independent service stations, and commercial accounts.
• Commercial Fuel Distribution Delivered fuel supply to government and commercial end users including biofuels, gasoline, heating oil, and premium fuels. Accommodates bulk deliveries in trailer and less-than-trailer-load quantities with wet hosing for locations without tanks and 24/7 logistics support.
• Marine Fuels and Bunkering 24/7 marine bunkering services from facilities in Boston Harbor, New York Harbor, Philadelphia, Baltimore, and Houston. Delivers IMO2020-compliant fuels including ULSD, MGO, IFO, and RMK grades via barge and truck to commercial marine customers.
• GlobalGLO Low Carbon Solutions Suite of low-carbon fuel products and sustainability solutions including biodiesel, Bioheat, renewable diesel, ethanol, and compensated fuel, enabling organizations to reduce or offset their carbon footprint.
• Biodiesel Alternative fuel produced from renewable feedstocks (plant oils, animal fats, recycled cooking grease) that reduces greenhouse gas emissions. Available in blends ranging from B2 to B99 at select terminal locations.
• Bioheat Cleaner-burning blend of biodiesel and traditional heating oil for home heating systems, made with ASTM D6751 grade biodiesel and fully compatible with existing heating systems.
• Renewable Diesel Drop-in renewable fuel cutting greenhouse gas emissions by up to 78% per gallon compared to petroleum diesel, with no modifications required to storage tanks or engines.
• Ethanol Renewable fuel made from fermented grains and sugars, supplied throughout the East Coast via strategically located terminals with rail, barge, and truck distribution capabilities.
• Compensated Fuel Integrated solution pairing regular fuel purchases with voluntary carbon offsets (VCOs), where Global Partners procures and retires verified carbon offsets for each gallon of fuel purchased to mitigate environmental impact outside the customer's value chain.
• Diesel One Proprietary premium diesel fuel designed to keep fuel systems clean, extend engine life, and deliver superior cold-weather performance. Contains DW-10 detergent, stabilizer, lubricity defense, water dispersant, and corrosion inhibitor.
• Heating Oil Plus Proprietary premium heating oil with tri-stabilizer package formulated to keep tanks clean and fuel stable, improving performance of traditional heating oil, ultra-low sulfur heating oil, and biodiesel blends up to 20%.
• SubZero Proprietary pour point depressant that economically assures winter flow of heating oil when temperatures drop, capable of lowering pour point by as much as 40°F using non-alcoholic jet aircraft de-icer chemistry.
• Global Fleet Card Fleet card program providing 10 cents off per gallon at Global stations and 3 cents off per gallon at 95% of fueling sites nationwide. Includes advanced fuel controls, expense reporting, 24-hour approval, and dedicated customer support.
• GlobalCONNECT Portal Web-based and mobile customer portal providing real-time access to invoices, bills of lading, pricing, fuel ordering, contract management, and tank level monitoring with auto-ordering capabilities for wholesale and commercial fuel customers.
• Branded and Proprietary Fuel Supply Supply of major fuel brands (Mobil, Exxon, Shell, CITGO, Gulf Oil, BP, Sunoco, Amoco) and proprietary branded alternatives (Global, Onward, Xtra Fuels) to retail stations with brand standards, loyalty programs, and site enhancement support.
• Alltown Fresh Premium company-operated retail market brand offering fresh, healthy choices and made-to-order meals including organic, natural, gluten-free, vegan, vegetarian, and locally sourced alternatives alongside fuel purchases.
• Honey Farms Market Company-operated retail brand offering everyday necessities, fresh food, and a hospitality-focused experience across locations in the Northeast.
• XtraMart Company-operated convenience retail brand offering hot breakfasts, fresh deli sandwiches, pizza, hot dogs, and everyday brand deals for on-the-go customers.
• Jiffy Mart Company-operated convenience store brand operating throughout Vermont and New Hampshire, focused on customer service, savings, and clean store environments.
• EV Charging Network Deployment Electric vehicle charging infrastructure deployed at company-operated retail sites, offering DC fast charging through partnerships including SparkCharge mobile units.
• First Maine EV Charging Station (Orono) DC fast charging station at Alltown convenience store in Orono, Maine, supported by Efficiency Maine Trust funding, expanding the company's EV charging footprint.

Quantifiable outcome

• Q1 2026 revenue of $5.32 billion, representing 16% year-over-year growth
• +3 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

19 partnerships are on record, tiered core and minor.

• Hackensack Meridian HealthcoreStrategic or Co-development Partner · 25 March 2026Strategic partnership with Hackensack Meridian Health to drive care across the region. Global provides fueling services to support healthcare operations and transportation needs.
• SparkChargecoreTechnology or Integration · 21 January 2026Partnership with SparkCharge, a Somerville-based EV charging network, to deploy mobile direct-current fast chargers at retail sites in Worcester, Ayer, and Pittsfield, Massachusetts. This partnership supports Global's EV infrastructure expansion using innovative portable charging technology.
• PayByCar Inc.coreTechnology or IntegrationPartnership with PayByCar Inc. to offer mobile payment option at more than 300 retail fueling locations across New England, New York, and Virginia. The PayByCar system, branded as 'Driven by E-ZPass,' allows E-ZPass members to pay for fuel using their transponders via a pay-by-text program.
• Project Carbon FreedomcoreStrategic or Co-development PartnerFounding member of Project Carbon Freedom, actively working to advance clean energy legislation and increase the use of renewable liquid heating fuel, known as Bioheat.
• Lifecycle RenewablesminorStrategic or Co-development PartnerPartnership to transform used cooking oil and grease from food services into renewable energy.
• HelpsyminorStrategic or Co-development PartnerPartnership to help customers recycle textile waste through Helpsy's textile recycling program.
• Mobil (ExxonMobil)coreChannel Partner/ Reseller/ DistributorBranded fuel partnership allowing independent retailers to operate under the Mobil brand, providing consumer trust, premium fuel options, and brand loyalty programs.
• ExxoncoreChannel Partner/ Reseller/ DistributorBranded fuel partnership offering Exxon-branded fuel supply to retail stations with brand standards and loyalty programs.
• ShellcoreChannel Partner/ Reseller/ DistributorBranded fuel partnership offering Shell-branded fuel supply to retail stations.
• CITGOcoreChannel Partner/ Reseller/ DistributorBranded fuel partnership offering CITGO-branded fuel supply to retail stations.
• Gulf OilcoreChannel Partner/ Reseller/ DistributorBranded fuel partnership offering Gulf-branded fuel supply to retail stations. Global acquired four liquid energy terminals from Gulf Oil Limited Partnership in 2024 for $212.3 million.
• BPcoreChannel Partner/ Reseller/ DistributorBranded fuel partnership offering BP-branded fuel supply to retail stations.
• SunococoreChannel Partner/ Reseller/ DistributorBranded fuel partnership offering Sunoco-branded fuel supply to retail stations.
• AmococoreChannel Partner/ Reseller/ DistributorBranded fuel partnership offering Amoco-branded fuel supply to retail stations.
• Greater Boston Food BankcoreStrategic or Co-development PartnerOfficial fuel sponsor since 2024, providing discounted fuel (up to 30 cents per gallon) for nonprofit operations. Supports food bank's mission to end hunger in Eastern Massachusetts.
• Boys & Girls Clubs of AmericacoreStrategic or Co-development PartnerNational partnership with Fuel the Future competition challenging young people in communities to design the convenience stores of the future.
• Cystic Fibrosis FoundationminorStrategic or Co-development PartnerLongstanding commitment to supporting medical research inspired by Slifka family's personal connection to cystic fibrosis.
• National Multiple Sclerosis SocietyminorStrategic or Co-development PartnerLongstanding commitment to supporting medical research for multiple sclerosis.
• E-ZPass GroupcoreTechnology or IntegrationIntegration with E-ZPass transponder network, which includes more than 59 million transponder owners across the 20-state E-ZPass Group network.

Scale indicators13 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Sunoco LP: Master limited partnership operating fuel distribution and terminalling, motor fuel distribution, and midstream operations across the US. Most directly comparable MLP peer with similar wholesale fuel distribution and terminaling business model.
• CrossAmerica Partners LP: MLP engaged in wholesale and retail fuel distribution, primarily in the eastern US, with a portfolio of company-operated and dealer-operated fuel stations. Closely mirrors Global Partners' integrated wholesale/retail model with overlapping Northeast geography.
• Murphy USA: Retail fuel and convenience operator with ~1,750 stores primarily adjacent to Walmart locations. Comparable in retail fuel/c-store scale and low-cost operating model, though more retail-focused and less terminal/wholesale exposure.
• ARKO Corp: Convenience store and fuel marketing company operating ~1,400 locations across 30+ states plus fuel distribution and fleet fueling. Direct competitor in retail fuel and wholesale distribution with overlapping small-format c-store strategy.
• World Kinect Corporation (World Fuel Services): Global fuel marketing and energy services company with significant marine bunkering operations. Overlaps with Global Partners' marine fuels segment (Boston/NY/Philly/Baltimore/Houston) and aviation fuel businesses.

Broad incumbents

• Buckeye Partners: Large-scale midstream operator with petroleum products terminals, pipelines, and marine terminals across the US. Comparable terminal asset class but at much larger scale and with greater pipeline exposure.
• Kinder Morgan: Largest US midstream operator with extensive pipeline and terminal infrastructure including refined products. Overlaps in liquid bulk storage and refined product distribution but operates at far greater scale and primarily in pipelines.
• Marathon Petroleum: Major US refiner and downstream operator with Speedway retail (now 7-Eleven). Larger incumbent across refining, midstream, and retail with branded supply relationship to Global Partners via Mobil/Speedow legacy.

Regional players

• Wawa (private): Private convenience store and fuel retailer operating ~1,100 locations across the Mid-Atlantic and Florida. Strong Northeast/Mid-Atlantic overlap with Global's XtraMart, Jiffy Mart, and Honey Farms retail brands.
• Sheetz (private): Private family-operated convenience store and fuel chain with ~700 locations across Pennsylvania, Virginia, West Virginia, Maryland, Ohio, and North Carolina. Direct competitor in Mid-Atlantic c-store/fuel retail.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/112012095476940
• Instagraminstagram.com/alltownfresh
• LinkedInlinkedin.com/company/global-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Global Partners