Global Partners experienced a decline in profitability in the second quarter of 2025, with net income falling to $25.2 million from $46.1 million in Q2 2024, and adjusted EBITDA decreasing to $98.2 million from $121.1 million. However, the company saw an increase in total sales to $4.6 billion and total volume to 2.0 billion gallons, driven primarily by growth in the wholesale segment.
Net income for Q2 2025 was $25.2 million, a significant decrease from $46.1 million in Q2 2024.
Adjusted EBITDA for the quarter was $98.2 million, down from $121.1 million in the prior year.
Total sales increased to $4.6 billion in Q2 2025 from $4.4 billion in Q2 2024, primarily due to higher wholesale segment sales.
Total volume grew to 2.0 billion gallons in Q2 2025, up from 1.6 billion gallons in the same period last year.
The company did not provide specific forward-looking financial guidance for future quarters or the full year in this report. However, the CEO's commentary highlighted solid year-over-year growth in earnings and cash flow for the first half of 2025, and the strategic acquisition of key terminals is expected to strengthen the foundation for long-term value.
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