The energy logistics firm allocates $60M-$70M for maintenance and $75M-$85M for expansion following strong first-quarter results.
Global Partners LP announced 2026 capital expenditures totaling $135M-$155M, split between $60M-$70M for maintenance and $75M-$85M for expansion. The guidance follows a first-quarter adjusted EBITDA of $140.4M, reflecting robust performance across operating segments.
The company attributed the results to strong execution and the resilience of its integrated liquid energy platform. Comparable prior-year figures were not disclosed, but management highlighted consistent operational strength as a key driver.
No immediate market reaction was detailed in the earnings call summary.