Global Partners LP

Good day, everyone, and welcome to the Global Partners Third 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 are President and Chief Executive Officer, Mr. Eric Slivka, Chief Financial Officer, Mr. Gregory Hansen, Chief Operating Officer, Mr. Mark Romain, and Chief Legal Officer and Secretary, Mr. Sean Geary. At this time, I'd like to turn the floor 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 filings 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,

Thank you, Sean. Good morning, everyone, and thank you for joining us. We performed well in the third quarter, consistent with our expectations reflecting operational strength and disciplined execution across the organization. We experienced a strong performance in our wholesale segment in Q3, driven by favorable market conditions in gasoline and the continued optimization of our liquid energy terminal network. Over the past two years, we have significantly scaled our terminal assets, meaningfully enhancing our product distribution network and positioning global partners for long-term growth. This effort reflects our strategy of efficiently connecting liquid energy products with downstream markets, leveraging the integration of terminals acquired from Motiva, Gulf, and ExxonMobil. These assets continue to perform well, strengthening our supply chain flexibility, contributing to throughput growth, and enhancing our network. We're pleased that fuel margins have remained historically strong, even with the year-over-year decline. Our retail network is a critical part of our strategy as we invest in, optimize, and upgrade our portfolio. Recently, we expanded our marine fuel supply operations into the Port of Houston. As a reminder, today our bunkering business is centered in the Northeast, and now we have extended this business into the Gulf Coast. On the retail side, we're continuing to redefine the convenience store experience through our all-town fresh and newly reimagined Honey Farms Market brands. These brands embody our four pillars, community, hospitality, local, and fresh, while introducing chef-driven menus, clean label offerings, and hyper-local engagement. Through our new loyalty platform, Bees Knees Benefits, we're creating a seamless, personalized experience designed to drive repeat business, build long-term loyalty, and strengthen the connection between our guests and our brands. Turning to our distribution, in October, the Board declared quarterly cash distribution of $75.50 per common unit or $302 on an annualized basis. This marked our 16th consecutive quarterly distribution increase. The distribution will be paid on November 14th to unit holders of record as of the close of business on November 10th. With that overview, I'll turn it over to Greg for the financial review.