The energy logistics firm allocates up to $85M for growth initiatives while redeeming Series B preferred units.
Global Partners LP announced a capital expenditure range of $75M to $85M for its 2026 expansion plans. The investment targets growth across its integrated liquid energy segments, according to management during the Q2 2026 earnings call.
The company reported a strong second quarter, with contributions from all operating segments. Prior quarters saw lower CapEx allocations, reflecting a strategic shift toward scaling operations. The redemption of Series B preferred units accompanies the expansion.
No immediate market reaction was disclosed in the call.