Global Partners LP

Hey, everyone, and welcome to the Global Partners second quarter, 2025 financial results conference call. Today's call is being recorded. All lines have been placed in a listen only mode with us from Global Partners, our president and chief executive officer, Mr. Eric Slipka, chief financial officer, Mr. Gregory Hansen, chief operating officer, Mr. Mark Romaine, and chief legal officer and secretary, Mr. Sean Geary. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. Please go ahead, sir.

Good morning, everyone, and thank you for joining us. Today's call will include forward-looking statements within the meanings of federal securities laws, including projections or expectations concerning the future, financial and operational performance of Global Partners. No assurances can be given that these projections will be attained or that these expectations will be met. Our assumptions and future performance are subject to a wide range of business risks, uncertainties and factors, which could cause actual results to differ materially, as described in our findings with the Securities and Exchange Commission. Global Partners undertakes no obligation to revise or update any forward-looking statements. Now, it's my pleasure to turn the call over to our president and chief executive officer, Eric Slipka.

Thank you, Sean, and good morning, everyone. Global delivered strong second-quarter results in line with our expectations. These results reflect the strength of our integrated business and the value of staying focused on disciplined execution. Through the first half of 2025, we grew earnings and cash flow year over year, with net income increasing 8%, adjusted EBITDA increasing 7%, and adjusted DCF increasing 9% from the same period last year. That kind of performance speaks to the power of our diversified platform and our ability to execute in a dynamic market. We see continued strength across our retail, terminal and wholesale liquid energy segments. Our recent terminal acquisitions have expanded our reach, strengthened our presence in key markets, and established an even stronger platform for long-term unit-holder value and future M&A opportunities. To that end, last month, the board approved a quarterly cash distribution of 75 cents per unit, our 15th consecutive increase. The distribution is payable on August 14th, the unit holders of record, as of the close of business on August 8th. Before I turn the call over to Greg, I want to take a moment to reflect on the passing of my uncle, Richard Slivka, our longtime chairman of the board, who left us peacefully in May at the age of 85. Richard was part of Global for more than 60 years. His steady leadership and deep integrity helped shape the company we are today. Richie cared deeply about people, always guided by a strong sense of purpose and a commitment to doing what was right for the long term. Those who knew him will remember his generosity, thoughtfulness and quiet strength. His presence is deeply missed and his legacy continues to live on in the values he instilled across our organization and community. Following Richie's passing, we welcome Tom Dzielka to our board of directors. Tom brings a wealth of experience from his long legal career at Nutter McClellan and Fish, where he has served as a partner since 1985. With that, I'll turn the call over to Greg for the financial review. Greg?