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Tap here. – The integrated liquid energy platform provided a competitive advantage by allowing the company to capture value across diverse products and markets despite volatile conditions. – The Gasoline Distribution Station Operations (GDSO) segment saw significant margin expansion, with fuel margins increasing by $0.14 per gallon year-over-year to $0.50. – Wholesale and Commercial segments delivered positive growth, reinforcing the resiliency of a portfolio designed to perform across varied operating environments. – Management attributed the strong performance to a disciplined framework that manages exposure while pursuing upside in dynamic markets characterized by geopolitical swings. – Refined product markets remain characterized by elevated price swings and tight inventory levels, which the company navigated through its diversified asset base. – The company maintained a strong balance sheet with a leverage ratio of 2.85x, providing ample capacity for strategic investments and capital allocation. Outlook and Strategic Priorities – Management expects the current steep backwardation in the forward product pricing curve to increase the cost of carrying hedged inventory in future periods. – Full-year 2026 maintenance capital expenditures are projected to be between $60 million and $70 million, with expansion CapEx estimated at $75 million to $85 million. – The company remains focused on disciplined inventory management and driving growth across all segments through efficient operations. – Strategic capital allocation will prioritize high-return opportunities that complement the existing asset base and enhance long-term unitholder value. Capital Structure and Operational Risks – The company redeemed all outstanding Series B fixed-rate preferred units on July 30th to simplify the capital structure…