Global Partners LP

Good day, everyone, and welcome to the Global Partners First Quarter 2026 Financial Results Conference Call. Today's call is being recorded. With us from Global Partners are President and Chief Executive Officer, Mr. Eric Slifka, Chief Financial Officer, Mr. Gregory Hansen, Chief Operating Officer, Mr. Mark Romain, and Chief Legal Officer, Ms. Kristen Seabrook. At this time, I would like to turn the call over to Ms. Seberg for opening remarks. Please go ahead.

Good morning, everyone, and thank you for joining us. Today's call will include forward-looking statements within the meaning of federal security laws, including projections and 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 risk, uncertainties, and factors, including supply and demand, 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, Eric Sliska. Eric?

Thank you, Kristin. Good morning, everyone, and thank you for joining us on today's earnings call. We started 2026 with a strong first quarter driven by solid execution across our operating segments and supported by the continued strength of our integrated liquid energy platform in a dynamic commodity environment marked by heightened geopolitical tension and global supply disruptions. Our business is built to perform across a wide range of market conditions, and given the current volatility, we remain focused on managing risks and opportunities while continuing to optimize our asset base to enhance returns. Our results this quarter were driven by a colder than normal winter in the Northeast and more favorable market conditions in wholesale and commercial markets. along with improved fuel margins in our gasoline distribution and station operations segment. Importantly, these results reinforce the resiliency of our model. We do not rely on any single commodity, geography, or market dynamic to generate cash flow. Instead, we manage a diversified portfolio of assets and adjust our operating approach to reflect the conditions in front of us. That flexibility remains a core strength of Global. Whether markets are volatile or more stable, our focus is the same, disciplined execution, prudent capital allocation, and maintaining a strong balance sheet to support long-term value creation for our unit holders. Turning briefly to our distribution, last month our board approved a quarterly cash distribution of $76.50 per common unit, or $3.06 on an annualized basis. This marks our 18th consecutive quarterly increase supported by healthy coverage and the cash-generating capacity of our business. The distribution will be paid on May 15th to unit holders of record as of May 11th. Now let me turn the call over to Greg for the financial review.