Global Partners (GLP) 10-Q 8 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 06, 2018
Document and Entity Information
Entity Registrant Name	GLOBAL PARTNERS LP
Entity Central Index Key	1,323,468
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		33,995,563
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 12,451	$ 14,858
Accounts receivable, net	407,537	417,263
Accounts receivable-affiliates	5,310	3,773
Inventories	481,457	350,743
Brokerage margin deposits	15,226	9,681
Derivative assets	7,281	3,840
Prepaid expenses and other current assets	89,599	77,977
Total current assets	1,018,861	878,135
Property and equipment, net	1,109,892	1,036,667
Intangible assets, net	62,221	56,545
Goodwill	352,550	312,401
Other assets	31,806	36,421
Total assets	2,575,330	2,320,169
Current liabilities:
Accounts payable	336,530	313,412
Working capital revolving credit facility - current portion	307,700	126,700
Environmental liabilities-current portion	5,001	5,009
Trustee taxes payable	37,734	110,321
Accrued expenses and other current liabilities	97,377	99,507
Derivative liabilities	13,944	13,708
Total current liabilities	798,286	668,657
Working capital revolving credit facility-less current portion	100,000	100,000
Revolving credit facility	244,200	196,000
Senior notes	663,775	661,774
Environmental liabilities-less current portion	60,320	52,968
Financing obligations	150,132	150,334
Deferred tax liabilities	38,563	40,105
Other long-term liabilities	53,572	56,013
Total liabilities	2,108,848	1,925,851
Global Partners LP equity:
General partner interest (0.67% interest with 230,303 equivalent units outstanding at September 30, 2018 and December 31, 2017)	(2,887)	(2,978)
Accumulated other comprehensive loss	(4,762)	(5,468)
Total Global Partners LP equity	464,259	390,953
Noncontrolling interest	2,223	3,365
Total partners' equity	466,482	394,318
Total liabilities and partners' equity	2,575,330	2,320,169
Common Limited Partners
Global Partners LP equity:
Limited partner interest	404,533	$ 399,399
Series A Preferred Limited Partners
Global Partners LP equity:
Limited partner interest	$ 67,375

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Sep. 30, 2018	Dec. 31, 2017
General partner interest (as a percent)	0.67%	0.67%
General partner interest, equivalent units outstanding	230,303	230,303
Common Limited Partners
Limited partner interest, units issued	33,995,563	33,995,563
Limited partner interest, units outstanding	33,744,168	33,645,092
Series A Preferred Limited Partners
Limited partner interest, units issued	2,760,000	0
Limited partner interest, units outstanding	2,760,000	0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Sales	$ 3,468,835		$ 2,159,746	$ 9,398,301	$ 6,520,060
Cost of sales	3,333,861		2,009,652	8,969,736	6,094,577
Gross profit	134,974		150,094	428,565	425,483
Costs and operating expenses:
Selling, general and administrative expenses	42,127		40,134	121,447	111,600
Operating expenses	83,776		70,338	234,043	208,720
Gain on trustee taxes		$ (52,627)		(52,627)
Lease exit and termination gain	(3,506)			(3,506)
Amortization expense	3,079		2,260	7,984	6,781
Net loss (gain) on sale and disposition of assets	940		2,190	5,840	(7,291)
Goodwill and long-lived asset impairment	414		809	414	809
Total operating costs and expenses	126,830		115,731	313,595	320,619
Operating income	8,144		34,363	114,970	104,864
Interest expense	(22,579)		(20,626)	(65,637)	(65,836)
(Loss) income before income tax (expense) benefit	(14,435)		13,737	49,333	39,028
Income tax (expense) benefit	(29)		723	900	(72)
Net (loss) income	(14,464)		14,460	50,233	38,956
Net loss attributable to noncontrolling interest	384		418	1,142	1,242
Net (loss) income attributable to Global Partners LP	(14,080)		14,878	51,375	40,198
Less: General partner’s interest in net (loss) income, including incentive distribution rights	(27)		100	479	270
Common Limited Partners
Costs and operating expenses:
Limited partners’ interest in net (loss) income	$ (15,062)		$ 14,778	$ 49,887	$ 39,928
Basic net (loss) income per limited partner unit (in dollars per unit)	$ (0.44)		$ 0.44	$ 1.48	$ 1.19
Diluted net (loss) income per limited partner unit (in dollars per unit)	$ (0.44)		$ 0.44	$ 1.47	$ 1.18
Basic weighted average limited partner units outstanding (in units)	34,114		33,644	33,680	33,570
Diluted weighted average limited partner units outstanding (in units)	34,114		33,945	33,894	33,839
Series A Preferred Limited Partners
Costs and operating expenses:
Limited partners’ interest in net (loss) income	$ 1,009			$ 1,009

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net (loss) income	$ (14,464)	$ 14,460	$ 50,233	$ 38,956
Other comprehensive income:
Change in fair value of cash flow hedges	(67)	167	156	764
Change in pension liability	568	(105)	550	464
Total other comprehensive income	501	62	706	1,228
Comprehensive (loss) income	(13,963)	14,522	50,939	40,184
Comprehensive loss attributable to noncontrolling interest	384	418	1,142	1,242
Comprehensive (loss) income attributable to Global Partners LP	$ (13,579)	$ 14,940	$ 52,081	$ 41,426

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities
Net (loss) income	$ 50,233	$ 38,956
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization	79,410	79,423
Amortization of deferred financing fees	4,029	4,295
Amortization of leasehold interests	254	562
Amortization of senior notes discount	1,121	1,079
Bad debt expense	425	622
Unit-based compensation expense	3,513	1,415
Write-off of financing fees		573
Gain on trustee taxes	(52,627)
Net loss (gain) on sale and disposition of assets	5,840	(7,291)
Goodwill and long-lived asset impairment	414	809
Changes in operating assets and liabilities, excluding net assets acquired:
Accounts receivable	9,301	89,799
Accounts receivable - affiliate	(1,537)	(2,504)
Inventories	(124,537)	240,462
Broker margin deposits	(5,545)	15,199
Prepaid expenses, all other current assets and other assets	(6,775)	(19,400)
Accounts payable	23,118	(78,538)
Trustee taxes payable	(19,960)	(3,309)
Change in derivatives	(3,205)	(1,764)
Accrued expenses, all other current liabilities and other long-term liabilities	(9,374)	2,053
Net cash (used in) provided by operating activities	(45,902)	362,441
Cash flows from investing activities
Acquisitions	(171,824)
Capital expenditures	(43,461)	(31,646)
Seller note issuances	(3,062)
Proceeds from sale of property and equipment	14,930	29,804
Net cash (used in) provided by investing activities	(203,417)	(1,842)
Cash flows from financing activities
Net proceeds from issuance of Series A preferred units	66,366
LTIP units withheld for tax obligations	(806)	(516)
Noncontrolling interest capital contribution		279
Distribution to noncontrolling interest		(465)
Distributions to partners	(47,848)	(46,970)
Net cash provided by (used in) financing activities	246,912	(359,772)
Cash and cash equivalents
Decrease (increase) in cash and cash equivalents	(2,407)	827
Cash and cash equivalents at beginning of period	14,858	10,028
Cash and cash equivalents at end of period	12,451	10,855
Supplemental information
Cash paid during the period for interest	37,583	36,892
Revolving Credit Facility [Member]
Cash flows from financing activities
Net borrowings from (payments on) credit facility	48,200	(26,700)
Working Capital Facility [Member]
Cash flows from financing activities
Net borrowings from (payments on) credit facility	$ 181,000	$ (285,400)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' EQUITY - USD ($) $ in Thousands	Limited Partner InterestCommon Limited Partners	Limited Partner InterestSeries A Preferred Limited Partners	General Partner, Global GP LLC	Accumulated Other Comprehensive Loss	Noncontrolling Interest	Total
Balance, beginning of period at Dec. 31, 2017	$ 399,399		$ (2,978)	$ (5,468)	$ 3,365	$ 394,318
Increase (Decrease) in Partners' Capital
Issuance of units		$ 66,366				66,366
Net income (loss)	49,887	1,009	479		(1,142)	50,233
Distributions to partners	(47,595)		(388)			(47,983)
Unit-based compensation	3,513					3,513
Other comprehensive income				706		706
LTIP units withheld for tax obligations	(806)					(806)
Dividends on repurchased units	135					135
Balance, end of period at Sep. 30, 2018	404,533	67,375	(2,887)	(4,762)	2,223	466,482
Balance, beginning of period at Jun. 30, 2018				(5,263)
Increase (Decrease) in Partners' Capital
Net income (loss)						(14,464)
Other comprehensive income						501
Balance, end of period at Sep. 30, 2018	$ 404,533	$ 67,375	$ (2,887)	$ (4,762)	$ 2,223	$ 466,482

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2018
Organization and Basis of Presentation
Organization and Basis of Presentation	Note 1. Organization and Basis of Presentation Organization Global Partners LP (the “Partnership”) is a midstream logistics and marketing master limited partnership formed in March 2005 engaged in the purchasing, selling, gathering, blending, storing and logistics of transporting petroleum and related products, including gasoline and gasoline blendstocks (such as ethanol), distillates (such as home heating oil, diesel and kerosene), residual oil, renewable fuels, crude oil and propane. The Partnership owns, controls or has access to one of the largest terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, New Hampshire, Rhode Island, New York, New Jersey and Pennsylvania (collectively, the “Northeast”). The Partnership is one of the largest distributors of gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers in the New England states and New York. The Partnership is also one of the largest independent owners, suppliers and operators of gasoline stations and convenience stores with locations throughout the New England states and New York. As of September 30, 2018, the Partnership had a portfolio of 1,589 owned, leased and/or supplied gasoline stations, including 301 directly operated convenience stores, primarily in the Northeast, Maryland and Virginia. The Partnership also receives revenue from convenience store sales, rental income and sundries. In addition, the Partnership owns transload and storage terminals in North Dakota and Oregon that extend its origin-to-destination capabilities from the mid-continent region of the United States and Canada. Global GP LLC, the Partnership’s general partner (the “General Partner”), manages the Partnership’s operations and activities and employs its officers and substantially all of its personnel, except for most of its gasoline station and convenience store employees who are employed by Global Montello Group Corp. (“GMG”), a wholly owned subsidiary of the Partnership. The General Partner, which holds a 0.67% general partner interest in the Partnership, is owned by affiliates of the Slifka family. As of September 30, 2018, affiliates of the General Partner, including its directors and executive officers and their affiliates, owned 7,347,370 common units, representing a 21.6% limited partner interest. Recent Transactions Series A Preferred Unit Offering —On August 7, 2018, the Partnership issued 2,760,000 9.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units, liquidation preference of $25.00 per unit (the “Series A Preferred Units”), for $25.00 per Series A Preferred Unit in an offering registered under the Securities Act of 1933. See Note 14. Acquisition from Cheshire Oil Company, LLC —On July 24, 2018, the Partnership acquired the assets of company-operated gasoline stations and convenience stores from New Hampshire-based Cheshire Oil Company, LLC (“Cheshire”). See Note 17. Acquisition from Champlain Oil Company, Inc.— On July 17, 2018, the Partnership acquired retail fuel and convenience store assets from Vermont-based Champlain Oil Company, Inc. (“Champlain). See Note 17. Basis of Presentation The financial results of Cheshire and Champlain since the respective acquisition date are included in the accompanying statements of operations for the three and nine months ended September 30, 2018. The accompanying consolidated financial statements as of September 30, 2018 and December 31, 2017 and for the three and nine months ended September 30, 2018 and 2017 reflect the accounts of the Partnership. Upon consolidation, all intercompany balances and transactions have been eliminated. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and reflect all adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of the financial condition and operating results for the interim periods. The interim financial information, which has been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”), should be read in conjunction with the consolidated financial statements for the year ended December 31, 2017 and notes thereto contained in the Partnership’s Annual Report on Form 10-K. The significant accounting policies described in Note 2, “Summary of Significant Accounting Policies,” of such Annual Report on Form 10-K are the same used in preparing the accompanying consolidated financial statements, except as described below for trustee taxes and in Note 2 herein for the adoption of Accounting Standard Update (“ASU”) 2014-09, “Revenue from Contracts with Customers,” including modifications to that standard thereafter, and now codified as Accounting Standards Codification 606 (“ASC 606”) which the Partnership adopted on January 1, 2018 (see Note 22, New Accounting Standards—“Accounting Standards or Updates Recently Adopted” for additional information). The results of operations for the three and nine months ended September 30, 2018 are not necessarily indicative of the results of operations that will be realized for the entire year ending December 31, 2018. The consolidated balance sheet at December 31, 2017 has been derived from the audited consolidated financial statements included in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2017. Trustee Taxes The Partnership collects trustee taxes, which consist of various pass through taxes collected on behalf of taxing authorities, and remits such taxes directly to those taxing authorities. Examples of trustee taxes include, among other things, motor fuel excise tax and sales and use tax. As such, it is the Partnership’s policy to exclude trustee taxes from revenues and cost of sales and account for them as current liabilities. Volumetric Ethanol Excise Tax Credit— In the first quarter of 2018, the Partnership recognized a one-time income item of approximately $52.6 million as a result of the extinguishment of a contingent liability related to the Volumetric Ethanol Excise Tax Credit, which tax credit program expired in 2011. Based upon the significant passage of time from that 2011 expiration date, including underlying statutes of limitation, as of January 31, 2018 the Partnership determined that the liability was no longer required. The liability had historically been included in trustee taxes in the accompanying consolidated balance sheets. The recognition of this one-time income item, which is included in gain on trustee taxes in the accompanying consolidated statements of operations for the nine months ended September 30, 2018, did not impact cash flows from operations for the nine months ended September 30, 2018 and will not impact cash flows from operations for the year ending December 31, 2018. Lease Exit and Termination Gain In December 2016, the Partnership voluntarily terminated early a sublease with a counterparty for 1,610 railcars and, as result, recognized a lease exit and termination expense of $80.7 million for the year ended December 31, 2016. Contemporaneously with the sublease termination, the Partnership entered into to a fleet management services agreement with the counterparty, pursuant to which the Partnership was obligated to provide future railcar storage, freight, cleaning, insurance and other services on behalf of the counterparty associated with all 1,610 railcars. In January 2017, the counterparty paid the Partnership $19.1 million to cover the incremental costs associated with the Partnership’s obligations. The Partnership accrued the incremental costs associated with its obligations at present value based on the estimated timing of when the costs would be incurred in the future. Please read “Summary of Significant Accounting Policies—Leases— Early Termination of Railcar Sublease,” in Note 2 of Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2017 for additional information. During the quarter ended September 30, 2018, the Partnership was released from certain of its obligations to provide future railcar storage, freight, insurance and other services for 500 railcars under the fleet management services agreement. The release resulted in a $3.5 million reduction of the remaining accrued incremental costs, which benefit is included in lease exit and termination gain in the accompanying statements of operations for the three and nine months ended September 30, 2018. The remaining accrued incremental costs were $6.6 million at September 30, 2018. Noncontrolling Interest The Partnership acquired a 60% interest in Basin Transload, LLC (“Basin Transload”) on February 1, 2013. After evaluating Accounting Standards Codification (“ASC”) Topic 810, “Consolidations,” the Partnership concluded it is appropriate to consolidate the balance sheet and statements of operations of Basin Transload based on an evaluation of the outstanding voting interests. Amounts pertaining to the noncontrolling ownership interest held by third parties in the financial position and operating results of the Partnership are reported as a noncontrolling interest in the accompanying consolidated balance sheets and statements of operations. Concentration of Risk Due to the nature of the Partnership’s business and its reliance, in part, on consumer travel and spending patterns, the Partnership may experience more demand for gasoline during the late spring and summer months than during the fall and winter. Travel and recreational activities are typically higher in these months in the geographic areas in which the Partnership operates, increasing the demand for gasoline. Therefore, the Partnership’s volumes in gasoline are typically higher in the second and third quarters of the calendar year. As demand for some of the Partnership’s refined petroleum products, specifically home heating oil and residual oil for space heating purposes, is generally greater during the winter months, heating oil and residual oil volumes are generally higher during the first and fourth quarters of the calendar year. These factors may result in fluctuations in the Partnership’s quarterly operating results. The following table presents the Partnership’s product sales and other revenues as a percentage of the consolidated sales for the periods presented: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Gasoline sales: gasoline and gasoline blendstocks (such as ethanol) 82 % 71 % 75 % 65 % Crude oil sales and crude oil logistics revenue — % 5 % 1 % 6 % Distillates (home heating oil, diesel and kerosene), residual oil and propane sales 14 % 20 % 21 % 25 % Convenience store sales, rental income and sundries 4 % 4 % 3 % 4 % Total 100 % 100 % 100 % 100 % The following table presents the Partnership’s product margin by segment as a percentage of the consolidated product margin for the periods presented: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Wholesale segment 2 % 21 % 18 % 24 % Gasoline Distribution and Station Operations segment 95 % 76 % 79 % 73 % Commercial segment 3 % 3 % 3 % 3 % Total 100 % 100 % 100 % 100 % See Note 16, “Segment Reporting,” for additional information on the Partnership’s operating segments. None of the Partnership’s customers accounted for greater than 10% of total sales for the three and nine months ended September 30, 2018 and 2017. .

Adoption Of ASC 606, Revenue fr

Adoption Of ASC 606, Revenue from Contract Customers	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Adoption of ASC 606, Revenue from Contract Customers	Note 2. Adoption of ASC 606, Revenue from Contract Customers On January 1, 2018, the Partnership adopted ASC 606 using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning January 1, 2018 are presented under ASC 606 while prior period amounts are not adjusted and continue to be reported in accordance with the Partnership’s historic accounting under ASC 605, “Revenue Recognition,” (“ASC 605”). See below for the Partnership’s updated revenue recognition policy and the required disclosures under ASC 606. Update to Revenue Recognition Policy The Partnership’s sales relate primarily to the sale of refined petroleum products, renewable fuels, crude oil and propane and are recognized along with the related receivable upon delivery, net of applicable provisions for discounts and allowances. The Partnership may also provide for shipping costs at the time of sale, which are included in cost of sales. Contracts with customers typically contain pricing provisions that are tied to a market index, with certain adjustments based on quality and freight due to location differences and prevailing supply and demand conditions, among other factors. As a result, the price of the products fluctuates to remain competitive with other available product supplies. The revenue associated with such arrangements is recognized upon delivery. In addition, the Partnership generates revenue from its logistics activities when it stores, transloads and ships products owned by others. Revenue from logistics services is recognized as services are provided. The Partnership has certain logistics agreements that require counterparties to throughput a minimum volume over an agreed-upon period. These agreements may include make-up rights if the minimum volume is not met. The Partnership recognizes revenue associated with make-up rights at the earlier of when the make-up volume is shipped, the make-up right expires or when it is determined that the likelihood that the shipper will utilize the make-up right is remote. The Partnership also recognizes convenience store sales of gasoline, grocery and other merchandise and commissions on lottery at the time of the sale to the customer. Gasoline station rental income is recognized on a straight-line basis over the term of the lease. Product revenue is not recognized on exchange agreements, which are entered into primarily to acquire various refined petroleum products, renewable fuels and crude oil of a desired quality or to reduce transportation costs by taking delivery of products closer to the Partnership’s end markets. The Partnership recognizes net exchange differentials due from exchange partners in sales upon delivery of product to an exchange partner. The Partnership recognizes net exchange differentials due to exchange partners in cost of sales upon receipt of product from an exchange partner. The amounts recorded for bad debts are generally based upon a specific analysis of aged accounts while also factoring in any new business conditions that might impact the historical analysis, such as market conditions and bankruptcies of particular customers. Bad debt provisions are included in selling, general and administrative expenses. Required Disclosures Under ASC 606 Disaggregation of Revenue The following table provides the disaggregation of revenue from contracts with customers and other sales by segment for the periods presented (in thousands): Three Months Ended September 30, 2018 Revenue from contracts with customers: Wholesale GDSO Commercial Total Refined petroleum products, renewable fuels, crude oil and propane $ 331,012 $ 1,110,529 $ 212,368 $ 1,653,909 Station operations — 106,366 — 106,366 Total revenue from contracts with customers 331,012 1,216,895 212,368 1,760,275 Other sales: Revenue originating as physical forward contracts and exchanges 1,558,138 — 131,804 1,689,942 Revenue from leases 503 18,115 — 18,618 Total other sales 1,558,641 18,115 131,804 1,708,560 Total sales $ 1,889,653 $ 1,235,010 $ 344,172 $ 3,468,835 Nine Months Ended September 30, 2018 Revenue from contracts with customers: Wholesale GDSO Commercial Total Refined petroleum products, renewable fuels, crude oil and propane $ 1,091,627 $ 3,088,906 $ 574,588 $ 4,755,121 Station operations — 259,373 — 259,373 Total revenue from contracts with customers 1,091,627 3,348,279 574,588 5,014,494 Other sales: Revenue originating as physical forward contracts and exchanges 3,968,816 — 360,401 4,329,217 Revenue from leases 1,508 53,082 — 54,590 Total other sales 3,970,324 53,082 360,401 4,383,807 Total sales $ 5,061,951 $ 3,401,361 $ 934,989 $ 9,398,301 Nature of Goods and Services Revenue from Contracts with Customers (ASC 606) : · Refined petroleum products, renewable fuels, crude oil and propane sales —Under the Partnership’s Wholesale, Gasoline Distribution and Station Operations (“GDSO”) and Commercial segments, revenue is recognized at the point where control of the product is transferred to the customer and collectability is reasonably assured. · Station operations —Revenue from convenience store sales of grocery and other merchandise and sundries (such as car wash sales and lottery and ATM commissions) is recognized at the time of the sale to the customer. Other Revenue : · Revenue Originating as Physical Forward Contracts and Exchanges —The Partnership’s commodity contracts and other derivative activity include: (i) exchange-traded derivative contracts that are hedges against inventory and either do not qualify for hedge accounting or are not designated in a hedge accounting relationship, (ii) exchange-traded derivative contracts used to economically hedge physical forward contracts, (iii) financial forward and over-the-counter swap agreements used to economically hedge physical forward contracts and (iv) the derivative instruments under the Partnership’s controlled trading program. The Partnership does not take the normal purchase and sale exemption available under ASC 815, “Derivatives and Hedging,” for its physical forward contracts. This income is recognized under ASC 815 and ASC 845, “Nonmonetary Transactions.” · Revenue from Leases —The Partnership has rental income from gasoline stations and cobranding arrangements and lease income from space leased to several unrelated third parties at several of the Partnership’s terminals. This income is recognized under ASC 840, “Leases.” Transaction Price Allocated to Remaining Performance Obligations The Partnership has elected certain of the optional exemptions from the disclosure requirement for remaining performance obligations for specific situations in which an entity need not estimate variable consideration to recognize revenue. Accordingly, the Partnership applies the practical expedient in paragraph ASC 606-10-50-14 to its contracts with customers where revenue is tied to a market-index and does not disclose information about variable consideration from remaining performance obligations for which the Partnership recognizes revenue. The fixed component of estimated revenues expected to be recognized in the future related to performance obligations tied to a market index that are unsatisfied (or partially unsatisfied) at the end of the reporting period are not significant. Contract Balances A receivable, which is included in accounts receivable, net in the accompanying consolidated balance sheets, is recognized in the period the Partnership provides services when its right to consideration is unconditional. In contrast, a contract asset will be recognized when the Partnership has fulfilled a contract obligation, but must perform other obligations before being entitled to payment. The nature of the receivables related to revenue from contracts with customers and other revenue, as well as contract assets, are the same, given they are related to the same customers and have the same risk profile and securitization, and the Partnership believes the disaggregation of them would not be meaningful. A contract liability is recognized when the Partnership has an obligation to transfer goods or services to a customer for which the Partnership has received consideration (or the amount is due) from the customer. The Partnership had no contract liabilities at September 30, 2018 and December 31, 2017. Payment terms on invoiced amounts are typically 2 to 30 days.

Net (Loss) Income Per Common Li

Net (Loss) Income Per Common Limited Partner Unit	9 Months Ended
	Sep. 30, 2018
Net Income Per Common Limited Partner Unit
Net Income Per Common Limited Partner Unit	Note 3. Net (Loss) Income Per Common Limited Partner Unit Under the Partnership’s partnership agreement, for any quarterly period, the incentive distribution rights (“IDRs”) participate in net income only to the extent of the amount of cash distributions actually declared, thereby excluding the IDRs from participating in the Partnership’s undistributed net income or losses. Accordingly, the Partnership’s undistributed net income or losses is assumed to be allocated to the common unitholders and to the General Partner’s general partner interest. Common units outstanding as reported in the accompanying consolidated financial statements at September 30, 2018 and December 31, 2017 excludes 251,395 and 350,471 common units, respectively, held on behalf of the Partnership pursuant to its repurchase program (see Note 13). These units are not deemed outstanding for purposes of calculating net income per common limited partner unit (basic and diluted). For the nine months ended September 30, 2018, the Series A Preferred Units are not potentially dilutive securities based on the nature of the conversion feature. See Note 14 for additional information related to the Series A Preferred Units. The following table provides a reconciliation of net (loss) income and the assumed allocation of net (loss) income to the common limited partners (after deducting amounts allocated to Series A preferred unitholders) for purposes of computing net (loss) income per common limited partner unit for the periods presented (in thousands, except per unit data): Three Months Ended September 30, 2018 Three Months Ended September 30, 2017 Common General Common General Limited Partner Limited Partner Numerator: Total Partners Interest IDRs Total Partners Interest IDRs Net (loss) income attributable to Global Partners LP $ (14,080) $ (14,053) $ (27) $ — $ 14,878 $ 14,778 $ 100 $ — Declared distribution $ 16,325 $ 16,149 $ 109 $ 67 $ 15,829 $ 15,723 $ 106 $ — Assumed allocation of undistributed net loss (30,405) (30,202) (203) — (951) (945) (6) — Assumed allocation of net (loss) income $ (14,080) $ (14,053) $ (94) $ 67 $ 14,878 $ 14,778 $ 100 $ — Less net income attributable to Series A preferred limited partners 1,009 — Net (loss) income attributable to common limited partners $ (15,062) $ 14,778 Denominator: Basic weighted average common units outstanding 34,114 33,644 Dilutive effect of phantom units — 301 Diluted weighted average common units outstanding 34,114 33,945 Basic net (loss) income per common limited partner unit $ (0.44) $ 0.44 Diluted net income per common limited partner unit (1) $ (0.44) $ 0.44 (1) Basic common limited partner units were used to calculate diluted earnings per common limited partner unit for the three months ended September 30, 2018, as using the effects of phantom units would have an anti-dilutive effect. Nine Months Ended September 30, 2018 Nine Months Ended September 30, 2017 Common General Common General Limited Partner Limited Partner Numerator: Total Partners Interest IDRs Total Partners Interest IDRs Net income attributable to Global Partners LP $ 51,375 $ 50,896 $ 479 $ — $ 40,198 $ 39,928 $ 270 $ — Declared distribution $ 48,479 $ 48,021 $ 324 $ 134 $ 47,487 $ 47,169 $ 318 $ — Assumed allocation of undistributed net income (loss) 2,896 2,875 21 — (7,289) (7,241) (48) — Assumed allocation of net income $ 51,375 $ 50,896 $ 345 $ 134 $ 40,198 $ 39,928 $ 270 $ — Less net income attributable to Series A preferred limited partners 1,009 — Net income attributable to common limited partners $ 49,887 $ 39,928 Denominator: Basic weighted average common units outstanding 33,680 33,570 Dilutive effect of phantom units 214 269 Diluted weighted average common units outstanding 33,894 33,839 Basic net income per common limited partner unit $ 1.48 $ 1.19 Diluted net income per common limited partner unit $ 1.47 $ 1.18 The board of directors of the General Partner declared the following quarterly cash distributions on its common units: Per Unit Cash Distribution Declared for the Cash Distribution Declaration Date Distribution Declared Quarterly Period Ended April 27, 2018 $ 0.4625 March 31, 2018 July 27, 2018 $ 0.4750 June 30, 2018 October 26, 2018 $ 0.4750 September 30, 2018 In addition, on October 23, 2018, the board of directors of the General Partner declared the initial quarterly cash distribution of $0.6635 per unit on the Series A Preferred Units, covering the period from August 7, 2018 (the issuance date of the Series A Preferred Units) through November 14, 2018. See Note 14, “Partners’ Equity and Cash Distributions” for further information.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2018
Inventories
Inventories	Note 4. Inventories The Partnership hedges substantially all of its petroleum and ethanol inventory using a variety of instruments, primarily exchange-traded futures contracts. These futures contracts are entered into when inventory is purchased and are either designated as fair value hedges against the inventory on a specific barrel basis for inventories qualifying for fair value hedge accounting or not designated and maintained as economic hedges against certain inventory of the Partnership on a specific barrel basis. Changes in fair value of these futures contracts, as well as the offsetting change in fair value on the hedged inventory, are recognized in earnings as an increase or decrease in cost of sales. All hedged inventory designated in a fair value hedge relationship is valued using the lower of cost, as determined by specific identification, or net realizable value, as determined at the product level. All petroleum and ethanol inventory not designated in a fair value hedging relationship is carried at the lower of historical cost, on a first-in, first-out basis, or net realizable value. Convenience store inventory and Renewable Identification Numbers (“RINs”) inventory are carried at the lower of historical cost or net realizable value. Inventories consisted of the following (in thousands): September 30, December 31, 2018 2017 Distillates: home heating oil, diesel and kerosene $ 167,995 $ 183,059 Gasoline 199,796 81,504 Gasoline blendstocks 45,491 26,789 Crude oil 16,685 10,809 Residual oil 28,664 28,442 Propane and other 1,048 1,659 Renewable identification numbers (RINs) 593 380 Convenience store inventory 21,185 18,101 Total $ 481,457 $ 350,743 In addition to its own inventory, the Partnership has exchange agreements for petroleum products and ethanol with unrelated third-party suppliers, whereby it may draw inventory from these other suppliers and suppliers may draw inventory from the Partnership. Positive exchange balances are accounted for as accounts receivable and amounted to $8.0 million and $9.5 million at September 30, 2018 and December 31, 2017, respectively. Negative exchange balances are accounted for as accounts payable and amounted to $18.1 million and $8.4 million at September 30, 2018 and December 31, 2017, respectively. Exchange transactions are valued using current carrying costs.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2018
Goodwill and Intangible Assets
Goodwill	Note 5. Goodwill The following table presents changes in goodwill, all of which has been allocated to the GDSO segment (in thousands): Balance at December 31, 2017 $ 312,401 Acquisition of Cheshire (1) 5,853 Acquisition of Champlain (1) 37,580 Acquisition of Honey Farms—change in goodwill (1) (139) Dispositions (2) (3,145) Balance at September 30, 2018 $ 352,550 (1) See Note 17 for information on the Partnership’s business combinations. (2) Dispositions represent derecognition of goodwill associated with the sale and disposition of certain assets. See Note 7 .

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2018
Property and Equipment
Property and Equipment	Note 6. Property and Equipment Property and equipment consisted of the following (in thousands): September 30, December 31, 2018 2017 Buildings and improvements $ 1,126,585 $ 1,015,386 Land 424,916 409,146 Fixtures and equipment 43,540 42,959 Idle plant assets 30,500 30,500 Construction in process 26,739 22,403 Capitalized internal use software 30,870 30,626 Total property and equipment 1,683,150 1,551,020 Less accumulated depreciation 573,258 514,353 Total $ 1,109,892 $ 1,036,667 Property and equipment includes assets held for sale of $11.5 million and $12.4 million at September 30, 2018 and December 31, 2017, respectively. At September 30, 2018, the Partnership had a $52.6 million remaining net book value of long-lived assets at its West Coast facility, including $30.5 million related to the Partnership’s ethanol plant acquired in 2013. In 2016, the Partnership shifted the facility from crude oil to ethanol transloading and began transloading ethanol. The Partnership would need to take certain measures to prepare the facility for ethanol production in order to place the plant into service. Therefore, the $30.5 million related to the ethanol plant was included in property and equipment and classified as idle plant assets at September 30, 2018 and December 31, 2017. If the Partnership is unable to generate cash flows to support the recoverability of the plant and facility assets, this may become an indicator of potential impairment of the West Coast facility. The Partnership believes these assets are recoverable but continues to monitor the market for ethanol, the continued business development of this facility for either ethanol or crude oil transloading, and the related impact this may have on the facility’s operating cash flows and whether this would constitute an impairment indicator. Evaluation of Long-Lived Asset Impairment The Partnership recognized impairment charges relating to long-lived assets used at certain gasoline stations and convenience stores in the amounts of $0.4 million for each of the three and nine months ended September 30, 2018 and $0.8 million for each of the three and nine months ended September 30, 2017. These assets are allocated to the GDSO segment, and the respective impairment is included in goodwill and long-lived asset impairment in the accompanying statements of operations for the three and nine months ended September 30, 2018 and 2017.

Sale and Disposition of Assets

Sale and Disposition of Assets	9 Months Ended
	Sep. 30, 2018
Sale and Disposition of Assets
Sale and Dispositions of Assets	Note 7. Sales and Disposition of Assets The following table provides the Partnership’s (gain) loss on sale and dispositions of assets for the periods presented (in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Sale of natural gas brokerage and electricity businesses $ — $ — $ — $ (14,172) Periodic divestiture of gasoline stations 40 77 (183) 253 Strategic asset divestiture program (168) 375 987 825 Loss on assets held for sale 1,056 1,571 4,590 5,010 Other 12 167 446 793 Total $ 940 $ 2,190 $ 5,840 $ (7,291) Sale of Natural Gas and Electricity Brokerage Businesses On February 1, 2017, the Partnership completed the sale of its natural gas marketing and electricity brokerage businesses for a purchase price of approximately $17.3 million, subject to customary closing adjustments. Proceeds from the sale amounted to approximately $16.3 million, and the Partnership realized a gain on the sale of $14.2 million for the nine months ended September 30, 2017. Periodic Divestiture of Gasoline Stations As part of the routine course of operations in the GDSO segment, the Partnership may periodically divest certain gasoline stations. The gain or loss on the sale, representing cash proceeds less net book value of assets and recognized liabilities at disposition, net of settlement and dispositions costs, is recorded in net loss (gain) on sale and disposition of assets in the accompanying consolidated statements of operations and amounted to an immaterial loss for the three months ended September 30, 2018 and a gain of $0.2 million for the nine months ended September 30, 2018. We recorded losses of $0.1 million and $0.3 million for the three and nine months ended September 30, 2017, respectively. Strategic Asset Divestiture Program The Partnership identified certain non-strategic GDSO sites that are part of its Strategic Asset Divestiture Program (the “Divestiture Program”). The Partnership has retained a real estate firm to coordinate the continuing sale of non-strategic GDSO sites. The Partnership sold 12 sites and 23 sites during the three and nine months ended September 30, 2018, respectively. The gain or loss on the sales of these sites, representing cash proceeds less net book value of assets and recognized liabilities at disposition, net of settlement and dispositions costs, is recorded in net loss (gain) on sale and disposition of assets in the accompanying consolidated statements of operations. The Partnership recognized a gain of $0.2 million and a loss of $1.0 million on the sales of these sites for the three and nine months ended September 30, 2018, respectively, including the derecognition of GDSO goodwill in the amount of $1.7 million and $3.1 million for these respective periods. The Partnership recognized losses of $0.4 million and $0.8 million on the sales of sites for the three and nine months ended September 30, 2017, respectively, including the derecognition of goodwill in the amount of $0.4 million and $3.3 million for these respective periods. Loss on Assets Held for Sale In conjunction with the periodic divestiture of gasoline stations and the sale of sites within the Divestiture Program, the Partnership may classify certain gasoline station assets as held for sale. The Partnership classified 6 sites and 8 sites as held for sale at September 30, 2018 and December 31, 2017, respectively, which are periodic divestiture gasoline station sites. The Partnership recorded $0 and $2.0 million in impairment charges related to these assets held for sale for the three and nine months ended September 30, 2018, respectively, which are included in net loss (gain) on sale and disposition of assets in the accompanying consolidated statements of operations. The Partnership recorded impairment charges related to assets held for sale at September 30, 2017 of $0.1 million and $0.4 million for the three and nine months ended September 30, 2017, respectively. Additionally, the Partnership classified 15 sites and 18 sites as held for sale at September 30, 2018 and December 31, 2017, respectively, associated with the real estate firm coordinated sales discussed above. The Partnership recorded impairment charges related to these assets held for sale in the amount of $1.0 million and $2.5 million for the three and nine months ended September 30, 2018, respectively, which are included in net loss (gain) on sale and disposition of assets in the accompanying consolidated statements of operations. The Partnership recorded impairment charges related to assets held for sale at September 30, 2017 of $1.5 million and $4.6 million for the three and nine months ended September 30, 2017, respectively. Assets held for sale of $11.5 million and $12.4 million at September 30, 2018 and December 31, 2017, respectively, are included in property and equipment in the accompanying consolidated balance sheets. Assets held for sale are expected to be sold within the next 12 months. Other The Partnership recognizes gains and losses on the sale and disposition of other assets, including vehicles, fixtures and equipment, and the gain or loss on such other assets are included in other in the aforementioned table.

Debt and Financing Obligations

Debt and Financing Obligations	9 Months Ended
	Sep. 30, 2018
Debt and Financing Obligations
Debt and Financing Obligations	Note 8. Debt and Financing Obligations Credit Agreement Certain subsidiaries of the Partnership, as borrowers, and the Partnership and certain of its subsidiaries, as guarantors, have a $1.3 billion senior secured credit facility (the “Credit Agreement”). The Credit Agreement matures on April 30, 2020. There are two facilities under the Credit Agreement: · a working capital revolving credit facility to be used for working capital purposes and letters of credit in the principal amount equal to the lesser of the Partnership’s borrowing base and $850.0 million; and · a $450.0 million revolving credit facility to be used for acquisitions, joint ventures, capital expenditures, letters of credit and general corporate purposes. Availability under the working capital revolving credit facility is subject to a borrowing base which is redetermined from time to time and based on specific advance rates on eligible current assets. Availability under the borrowing base may be affected by events beyond the Partnership’s control, such as changes in petroleum product prices, collection cycles, counterparty performance, advance rates and limits and general economic conditions. The average interest rates for the Credit Agreement were 4.3% and 3.7% for the three months ended September 30, 2018 and 2017, respectively, and 4.1% and 3.6% for the nine months ended September 30, 2018 and 2017, respectively. The increase for the three and nine months ended September 30, 2018 compared to the three and nine months ended September 30, 2017 was due to increases in market interest rates. The Partnership classifies a portion of its working capital revolving credit facility as a current liability and a portion as a long-term liability. The portion classified as a long-term liability represents the amounts expected to be outstanding during the entire year based on an analysis of historical daily borrowings under the working capital revolving credit facility, the seasonality of borrowings, forecasted future working capital requirements and forward product curves, and because the Partnership has a multi-year, long-term commitment from its bank group. Accordingly, at September 30, 2018, the Partnership estimated working capital revolving credit facility borrowings will equal or exceed $100.0 million over the next twelve months and, therefore, classified $307.7 million as the current portion at September 30, 2018, representing the amount the Partnership expects to pay down over the next twelve months. The long-term portion of the working capital revolving credit facility was $100.0 million at both September 30, 2018 and December 31, 2017, and the current portion was $307.7 million and $126.7 million at September 30, 2018 and December 31, 2017, respectively. The increase in total borrowings under the working capital revolving credit facility of $181.0 million from December 31, 2017 was largely due to higher inventory levels and an increase in prices. As of September 30, 2018, the Partnership had total borrowings outstanding under the Credit Agreement of $651.9 million, including $244.2 million outstanding on the revolving credit facility. In addition, the Partnership had outstanding letters of credit of $58.8 million. Subject to borrowing base limitations, the total remaining availability for borrowings and letters of credit was $589.3 million and $810.3 million at September 30, 2018 and December 31, 2017, respectively. The Credit Agreement imposes financial covenants that require the Partnership to maintain certain minimum working capital amounts, a minimum combined interest coverage ratio, a maximum senior secured leverage ratio and a maximum total leverage ratio. The Partnership was in compliance with the foregoing covenants at September 30, 2018. The Credit Agreement also contains a representation whereby there can be no event or circumstance, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect (as defined in the Credit Agreement). In addition, the Credit Agreement limits distributions by the Partnership to its unitholders to the amount of Available Cash (as defined in the Partnership’s partnership agreement). Please read Note 6 of Notes to Consolidated Financial Statements in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2017 for additional information on the Credit Agreement. Senior Notes The Partnership had 6.25% senior notes due 2022 and 7.00% senior notes due 2023 outstanding at September 30, 2018. Please read Note 6 of Notes to Consolidated Financial Statements in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2017 for additional information on these senior notes. Financing Obligations Capitol Acquisition On June 1, 2015, the Partnership acquired retail gasoline stations and dealer supply contracts from Capitol Petroleum Group (“Capitol”). In connection with the acquisition, the Partnership assumed a financing obligation of $89.6 million associated with two sale-leaseback transactions by Capitol for 53 leased sites that did not meet the criteria for sale accounting. During the terms of these leases, which expire in May 2028 and September 2029, in lieu of recognizing lease expense for the lease rental payments, the Partnership incurs interest expense associated with the financing obligation. Interest expense of approximately $2.3 million and $2.4 million was recorded for the three months ended September 30, 2018 and 2017, respectively, and $7.0 million and $7.2 million was recorded for the nine months ended September 30, 2018 and 2017, respectively, which is included in interest expense in the accompanying consolidated statements of operations. The financing obligation will amortize through expiration of the leases based upon the lease rental payments which were $2.4 million for each of the three months ended September 30, 2018 and 2017 and $7.2 million for each of the nine months ended September 30, 2018 and 2017. The financing obligation balance outstanding at September 30, 2018 was $87.6 million associated with the Capitol acquisition. Sale-Leaseback Transaction On June 29, 2016, the Partnership sold to a premier institutional real estate investor (the “Buyer”) real property assets, including the buildings, improvements and appurtenances thereto, at 30 gasoline stations and convenience stores located in Connecticut, Maine, Massachusetts, New Hampshire and Rhode Island (the “Sale-Leaseback Sites”) for a purchase price of approximately $63.5 million. In connection with the sale, the Partnership entered into a Master Unitary Lease Agreement with the Buyer to lease back the real property assets sold with respect to the Sale-Leaseback Sites (such Master Lease Agreement, together with the Sale-Leaseback Sites, the “Sale-Leaseback Transaction”). As a result of not meeting the criteria for sale accounting for these sites, the Sale-Leaseback Transaction is accounted for as a financing arrangement. As such, the property and equipment sold and leased back by the Partnership has not been derecognized and continues to be depreciated. The Partnership recognized a corresponding financing obligation of $62.5 million equal to the $63.5 million cash proceeds received for the sale of these sites, net of $1.0 million financing fees. During the term of the lease, which expires in June 2031, in lieu of recognizing lease expense for the lease rental payments, the Partnership incurs interest expense associated with the financing obligation. Lease rental payments are recognized as both interest expense and a reduction of the principal balance associated with the financing obligation. Interest expense and lease rental payments were $1.1 million for each of the three months ended September 30, 2018 and 2017 and $3.3 million for each of the nine months ended September 30, 2018 and 2017. The financing obligation balance outstanding at September 30, 2018 was $62.5 million associated with the Sale-Leaseback Transaction. Deferred Financing Fees The Partnership incurs bank fees related to its Credit Agreement and other financing arrangements. These deferred financing fees are capitalized and amortized over the life of the Credit Agreement or other financing arrangements. The Partnership had unamortized deferred financing fees of $11.9 million and $15.9 million at September 30, 2018 and December 31, 2017, respectively. Unamortized fees related to the Credit Agreement are included in other current assets and other long-term assets and amounted to $6.5 million and $9.6 million at September 30, 2018 and December 31, 2017, respectively. Unamortized fees related to the senior notes are presented as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts, and amounted to $4.5 million and $5.4 million at September 30, 2018 and December 31, 2017, respectively. Unamortized fees related to the Sale-Leaseback Transaction are presented as a direct deduction from the carrying amount of the financing obligation and amounted to $0.9 million at both September 30, 2018 and December 31, 2017. On April 25, 2017, the Partnership entered into the Credit Agreement, a new facility that extended the maturity date and reduced the total commitment of the prior credit agreement. As a result, the Partnership incurred expenses of approximately $0.6 million associated with the write-off of a portion of the related deferred financing fees. These expenses are included in interest expense in the accompanying consolidated statements of operations for the nine months ended September 30, 2017. Amortization expense of approximately $1.3 million for each of the three months ended September 30, 2018 and 2017 and $4.0 million and $4.3 million for the nine months ended September 30, 2018 and 2017, respectively, is included in interest expense in the accompanying consolidated statements of operations.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2018
Derivative Financial Instruments
Derivative Financial Instruments	Note 9. Derivative Financial Instruments The Partnership principally uses derivative instruments, which include regulated exchange-traded futures and options contracts (collectively, “exchange-traded derivatives”) and physical and financial forwards and over-the-counter (“OTC”) swaps (collectively, “OTC derivatives”), to reduce its exposure to unfavorable changes in commodity market prices and interest rates. The Partnership uses these exchange-traded and OTC derivatives to hedge commodity price risk associated with its inventory and undelivered forward commodity purchases and sales (“physical forward contracts”) and uses interest rate swap instruments to reduce its exposure to fluctuations in interest rates associated with the Partnership’s credit facilities. The Partnership accounts for derivative transactions in accordance with ASC Topic 815 and recognizes derivatives instruments as either assets or liabilities in the consolidated balance sheet and measures those instruments at fair value. The changes in fair value of the derivative transactions are presented currently in earnings, unless specific hedge accounting criteria are met. The fair value of exchange-traded derivative transactions reflects amounts that would be received from or paid to the Partnership’s brokers upon liquidation of these contracts. The fair value of these exchange-traded derivative transactions are presented on a net basis, offset by the cash balances on deposit with the Partnership’s brokers, presented as brokerage margin deposits in the consolidated balance sheets. The fair value of OTC derivative transactions reflects amounts that would be received from or paid to a third party upon liquidation of these contracts under current market conditions. The fair value of these OTC derivative transactions is presented on a gross basis as derivative assets or derivative liabilities in the consolidated balance sheets, unless a legal right of offset exists. The presentation of the change in fair value of the Partnership’s exchange-traded derivatives and OTC derivative transactions depends on the intended use of the derivative and the resulting designation. The following table summarizes the notional values related to the Partnership’s derivative instruments outstanding at September 30, 2018: Units (1) Unit of Measure Exchange-Traded Derivatives Long 58,471 Thousands of barrels Short (63,076) Thousands of barrels OTC Derivatives (Petroleum/Ethanol) Long 8,879 Thousands of barrels Short (6,639) Thousands of barrels Interest Rate Swap $ 100.0 Millions of U.S. dollars (1) Number of open positions and gross notional values do not measure the Partnership’s risk of loss, quantify risk or represent assets or liabilities of the Partnership, but rather indicate the relative size of the derivative instruments and are used in the calculation of the amounts to be exchanged between counterparties upon settlements. Derivatives Accounted for as Hedges The Partnership utilizes fair value hedges and cash flow hedges to hedge commodity price risk and interest rate risk. Fair Value Hedges Derivatives designated as fair value hedges are used to hedge price risk in commodity inventories and principally include exchange-traded futures contracts that are entered into in the ordinary course of business. For a derivative instrument designated as a fair value hedge, the gain or loss is recognized in earnings in the period of change together with the offsetting change in fair value on the hedged item of the risk being hedged. Gains and losses related to fair value hedges are recognized in the consolidated statement of operations through cost of sales. These futures contracts are settled on a daily basis by the Partnership through brokerage margin accounts. The Partnership’s fair value hedges include exchange-traded futures contracts and OTC derivative contracts that are hedges against inventory with specific futures contracts matched to specific barrels. The change in fair value of these futures contracts and the change in fair value of the underlying inventory generally provide an offset to each other in the consolidated statement of operations. The following table presents the gains and losses from the Partnership’s derivative instruments involved in fair value hedging relationships recognized in the consolidated statements of operations for the periods presented (in thousands): Statement of Gain (Loss) Three Months Ended Nine Months Ended Recognized in Income on September 30, September 30, Derivatives 2018 2017 2018 2017 Derivatives in fair value hedging relationship Exchange-traded futures contracts and OTC derivative contracts for petroleum commodity products Cost of sales $ (12,776) $ (3,930) $ (22,507) $ 36,990 Hedged items in fair value hedge relationship Physical inventory Cost of sales $ 12,786 $ 4,370 $ 24,160 $ (37,412) Cash Flow Hedges At September 30, 2018, the Partnership had in place one interest rate swap agreement which hedged $100.0 million of variable rate debt. This interest rate swap expired on October 2, 2018. The amount of gain (loss) recognized in other comprehensive income as effective for derivatives designated in cash flow hedging relationships was $0.1 million and $0.2 million for the three months ended September 30, 2018 and 2017, respectively, and $0.3 million and $0.8 million for the nine months ended September 30, 2018 and 2017, respectively. The amount of gain (loss) recognized in income as ineffectiveness for derivatives designated in cash flow hedging relationships was $0 for each of the three and nine months ended September 30, 2018 and 2017. Derivatives Not Accounted for as Hedges The Partnership utilizes petroleum and ethanol commodity contracts, foreign currency derivatives and, prior to the sale of the Partnership’s natural gas marketing and electricity brokerage businesses, natural gas commodity contracts to hedge price and currency risk in certain commodity inventories and physical forward contracts. Petroleum and Ethanol Commodity Contracts The Partnership uses exchange-traded derivative contracts to hedge price risk in certain commodity inventories which do not qualify for fair value hedge accounting or are not designated by the Partnership as fair value hedges. Additionally, the Partnership uses exchange-traded derivative contracts, and occasionally financial forward and OTC swap agreements, to hedge commodity price exposure associated with its physical forward contracts which are not designated by the Partnership as cash flow hedges. These physical forward contracts, to the extent they meet the definition of a derivative, are considered OTC physical forwards and are reflected as derivative assets or derivative liabilities in the consolidated balance sheet. The related exchange-traded derivative contracts (and financial forward and OTC swaps, if applicable) are also reflected as brokerage margin deposits (and derivative assets or derivative liabilities, if applicable) in the consolidated balance sheet, thereby creating an economic hedge. Changes in fair value of these derivative instruments are recognized in the consolidated statement of operations through cost of sales. These exchange-traded derivatives are settled on a daily basis by the Partnership through brokerage margin accounts. While the Partnership seeks to maintain a position that is substantially balanced within its commodity product purchase and sale activities, it may experience net unbalanced positions for short periods of time as a result of variances in daily purchases and sales and transportation and delivery schedules as well as other logistical issues inherent in the business, such as weather conditions. In connection with managing these positions, the Partnership is aided by maintaining a constant presence in the marketplace. The Partnership also engages in a controlled trading program for up to an aggregate of 250,000 barrels of commodity products at any one point in time. Changes in fair value of these derivative instruments are recognized in the consolidated statement of operations through cost of sales. The following table presents the gains and losses from the Partnership’s derivative instruments not involved in a hedging relationship recognized in the consolidated statements of operations for the periods presented (in thousands): Statement of Gain (Loss) Three Months Ended Nine Months Ended Derivatives not designated as Recognized in September 30, September 30, hedging instruments Income on Derivatives 2018 2017 2018 2017 Commodity contracts Cost of sales $ (1,162) $ 6,470 $ 2,411 $ 9,212 Margin Deposits All of the Partnership’s exchange-traded derivative contracts (designated and not designated) are transacted through clearing brokers. The Partnership deposits initial margin with the clearing brokers, along with variation margin, which is paid or received on a daily basis, based upon the changes in fair value of open futures contracts and settlement of closed futures contracts. Cash balances on deposit with clearing brokers and open equity are presented on a net basis within brokerage margin deposits in the consolidated balance sheets. Commodity Contracts and Other Derivative Activity The Partnership’s commodity contracts and other derivative activity include: (i) exchange-traded derivative contracts that are hedges against inventory and either do not qualify for hedge accounting or are not designated in a hedge accounting relationship, (ii) exchange-traded derivative contracts used to economically hedge physical forward contracts, (iii) financial forward and OTC swap agreements used to economically hedge physical forward contracts and (iv) the derivative instruments under the Partnership’s controlled trading program. The Partnership does not take the normal purchase and sale exemption available under ASC 815 for its physical forward contracts. The following table presents the fair value of each classification of the Partnership’s derivative instruments and its location in the consolidated balance sheets at September 30, 2018 and December 31, 2017 (in thousands): September 30, 2018 Derivatives Derivatives Not Designated as Designated as Hedging Hedging Balance Sheet Location Instruments Instruments Total Asset Derivatives: Exchange-traded derivative contracts Broker margin deposits $ — $ 41,477 $ 41,477 Interest rate swaps Prepaid expenses and other current assets — 22 22 Forward derivative contracts (1) Derivative assets — 7,281 7,281 Total asset derivatives $ — $ 48,780 $ 48,780 Liability Derivatives: Exchange-traded derivative contracts Broker margin deposits $ (6,792) $ (50,993) $ (57,785) Forward derivative contracts (1) Derivative liabilities — (13,944) (13,944) Total liability derivatives $ (6,792) $ (64,937) $ (71,729) December 31, 2017 Derivatives Derivatives Not Designated as Designated as Hedging Hedging Balance Sheet Location Instruments Instruments Total Asset Derivatives: Exchange-traded derivative contracts Broker margin deposits $ — $ 32,483 $ 32,483 Forward derivative contracts (1) Derivative assets — 3,840 3,840 Total asset derivatives $ — $ 36,323 $ 36,323 Liability Derivatives: Exchange-traded derivative contracts Broker margin deposits $ (7,214) $ (63,869) $ (71,083) Forward derivative contracts (1) Derivative liabilities — (13,708) (13,708) Interest rate swap contracts Other long-term liabilities — (134) (134) Total liability derivatives $ (7,214) $ (77,711) $ (84,925) (1) Forward derivative contracts include the Partnership’s petroleum and ethanol physical and financial forwards and OTC swaps. Credit Risk The Partnership’s derivative financial instruments do not contain credit risk related to other contingent features that could cause accelerated payments when these financial instruments are in net liability positions. The Partnership is exposed to credit loss in the event of nonperformance by counterparties to the Partnership’s exchange-traded and OTC derivative contracts, but the Partnership has no current reason to expect any material nonperformance by any of these counterparties. Exchange-traded derivative contracts, the primary derivative instrument utilized by the Partnership, are traded on regulated exchanges, greatly reducing potential credit risks. The Partnership utilizes primarily three clearing brokers, all major financial institutions, for all New York Mercantile Exchange (“NYMEX”), Chicago Mercantile Exchange (“CME”) and Intercontinental Exchange (“ICE”) derivative transactions and the right of offset exists with these financial institutions under master netting agreements. Accordingly, the fair value of the Partnership’s exchange-traded derivative instruments is presented on a net basis in the consolidated balance sheets. Exposure on OTC derivatives is limited to the amount of the recorded fair value as of the balance sheet dates.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2018
Fair Value Measurements
Fair Value Measurements	Note 10. Fair Value Measurements The following tables present, by level within the fair value hierarchy, the Partnership’s financial assets and liabilities that were measured at fair value on a recurring basis as of September 30, 2018 and December 31, 2017 (in thousands): Fair Value at September 30, 2018 Cash Collateral Level 1 Level 2 Level 3 Netting Total Assets: Forward derivative contracts (1) $ — $ 5,426 $ 1,855 $ — $ 7,281 Interest rate swaps — 22 — — 22 Exchange-traded/cleared derivative instruments (2) (16,308) — — 31,534 15,226 Pension plans 18,065 — — — 18,065 Total assets $ 1,757 $ 5,448 $ 1,855 $ 31,534 $ 40,594 Liabilities: Forward derivative contracts (1) $ — $ (12,109) $ (1,835) $ — $ (13,944) Fair Value at December 31, 2017 Cash Collateral Level 1 Level 2 Level 3 Netting Total Assets: Forward derivative contracts (1) $ — $ 3,207 $ 633 $ — $ 3,840 Exchange-traded/cleared derivative instruments (2) (38,600) — — 48,281 9,681 Pension plans 17,580 — — — 17,580 Total assets $ (21,020) $ 3,207 $ 633 $ 48,281 $ 31,101 Liabilities: Forward derivative contracts (1) $ — $ (12,671) $ (1,037) $ — $ (13,708) Interest rate swaps — (134) — — (134) Total liabilities $ — $ (12,805) $ (1,037) $ — $ (13,842) (1) Forward derivative contracts include the Partnership’s petroleum and ethanol physical and financial forwards and OTC swaps. (2) Amount includes the effect of cash balances on deposit with clearing brokers. This table excludes cash on hand and assets and liabilities that are measured at historical cost or any basis other than fair value. The carrying amounts of certain of the Partnership’s financial instruments, including cash equivalents, accounts receivable, accounts payable and other accrued liabilities approximate fair value due to their short maturities. The carrying value of the credit facility approximates fair value due to the variable rate nature of these financial instruments. The carrying value of the inventory qualifying for fair value hedge accounting approximates fair value due to adjustments for changes in fair value of the hedged item. The fair values of the derivatives used by the Partnership are disclosed in Note 9. The determination of the fair values above incorporates factors including not only the credit standing of the counterparties involved, but also the impact of the Partnership’s nonperformance risks on its liabilities. The Partnership estimates the fair values of its 6.25% senior notes and 7.00% senior notes using a combination of quoted market prices for similar financing arrangements and expected future payments discounted at risk-adjusted rates, which are considered Level 2 inputs. The fair values of the 6.25% senior notes and 7.00% senior notes, estimated by observing market trading prices of the 6.25% senior notes and 7.00% senior notes, respectively, were as follows (in thousands): September 30, 2018 December 31, 2017 Face Fair Face Fair Value Value Value Value 6.25% senior notes $ 375,000 $ 372,187 $ 375,000 $ 383,906 7.00% senior notes $ 300,000 $ 305,250 $ 300,000 $ 308,250 Level 3 Information The values of the Level 3 derivative contracts were calculated using market approaches based on a combination of observable and unobservable market inputs, including published and quoted NYMEX, CME, ICE, New York Harbor and third-party pricing information for a component of the underlying instruments as well as internally developed assumptions where there is little, if any, published or quoted prices or market activity. The unobservable inputs used in the measurement of the Level 3 derivative contracts include estimates for location basis, transportation and throughput costs net of an estimated margin for current market participants. The estimates for these inputs for crude oil were ($32.00) to $6.00 per barrel and ($8.50) to ($1.00) per barrel as of September 30, 2018 and December 31, 2017, respectively. The estimates for these inputs for propane were ($5.456) to $6.72 per barrel and ($3.36) to $8.40 per barrel as of September 30, 2018 and December 31, 2017, respectively. Gains and losses recognized in earnings (or changes in net assets) are disclosed in Note 9. Sensitivity of the fair value measurement to changes in the significant unobservable inputs is as follows: Significant Impact on Fair Value Unobservable Input Position Change to Input Measurement Location basis Long Increase (decrease) Gain (loss) Location basis Short Increase (decrease) Loss (gain) Transportation Long Increase (decrease) Gain (loss) Transportation Short Increase (decrease) Loss (gain) Throughput costs Long Increase (decrease) Gain (loss) Throughput costs Short Increase (decrease) Loss (gain) The following table presents a reconciliation of changes in fair value of the Partnership’s derivative contracts classified as Level 3 in the fair value hierarchy at September 30, 2018 (in thousands): Fair value at December 31, 2017 $ (404) Derivatives entered into during the period 1,043 Derivatives sold during the period (1,032) Realized gains (losses) recorded in cost of sales (494) Unrealized gains (losses) recorded in cost of sales 907 Fair value at September 30, 2018 $ 20 The Partnership’s policy is to recognize transfers between levels with the fair value hierarchy as of the beginning of the reporting period. The Partnership also excludes any activity for derivative instruments that were not classified as Level 3 at either the beginning or end of the reporting period. Non-Recurring Fair Value Measures Certain nonfinancial assets and liabilities are measured at fair value on a non-recurring basis and are subject to fair value adjustments in certain circumstances, such as acquired assets and liabilities, losses related to firm non-cancellable purchase commitments or long-lived assets subject to impairment. For assets and liabilities measured on a non-recurring basis during the period, accounting guidance requires quantitative disclosures about the fair value measurements separately for each major category. See Note 7 for a discussion of the Partnership’s assets held for sale and Note 17 for acquired assets and liabilities measured on a non-recurring basis.

Environmental Liabilities and R

Environmental Liabilities and RINs	9 Months Ended
	Sep. 30, 2018
Environmental Liabilities and Renewable Identification Numbers (RINs)
Environmental Liabilities and Renewable Identification Numbers (RINs)	Note 11. Environmental Liabilities and Renewable Identification Numbers Environmental Liabilities In connection with the July 2018 acquisitions of retail gasoline and convenience store assets from Cheshire and Champlain (see Note 17), the Partnership assumed certain environmental liabilities, including certain ongoing environmental remediation efforts. As a result, the Partnership initially recorded, on an undiscounted basis, a total environmental liability of approximately $1.2 million and $10.7 million for Cheshire and Champlain, respectively, as of September 30, 2018. Please read Note 12 of Notes to Consolidated Financial Statements in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2017 for information on environmental liabilities recorded prior to 2018. The following table presents a summary roll forward of the Partnership’s environmental liabilities at September 30, 2018 (in thousands): Balance at Other Balance at December 31, Additions Payments Dispositions Adjustments September 30, Environmental Liability Related to: 2017 2018 2018 2018 2018 2018 Retail gasoline stations $ 53,569 $ 11,931 $ (1,833) $ (1,551) $ (1,101) $ 61,015 Terminals 4,408 — (102) — — 4,306 Total environmental liabilities $ 57,977 $ 11,931 $ (1,935) $ (1,551) $ (1,101) $ 65,321 Current portion $ 5,009 $ 5,001 Long-term portion 52,968 60,320 Total environmental liabilities $ 57,977 $ 65,321 The Partnership’s estimates used in these environmental liabilities are based on all known facts at the time and its assessment of the ultimate remedial action outcomes. Among the many uncertainties that impact the Partnership’s estimates are the necessary regulatory approvals for, and potential modification of, its remediation plans, the amount of data available upon initial assessment of the impact of soil or water contamination, changes in costs associated with environmental remediation services and equipment, relief of obligations through divestitures of sites and the possibility of existing legal claims giving rise to additional claims. Dispositions generally represent relief of legal obligations through the sale of the related property with no retained obligation. Other adjustments generally represent changes in estimates for existing obligations or obligations associated with new sites. Therefore, although the Partnership believes that these environmental liabilities are adequate, no assurances can be made that any costs incurred in excess of these environmental liabilities or outside of indemnifications or not otherwise covered by insurance would not have a material adverse effect on the Partnership’s financial condition, results of operations or cash flows. Renewable Identification Numbers (RINs) A RIN is a serial number assigned to a batch of renewable fuel for the purpose of tracking its production, use and trading as required by the U.S. Environmental Protection Agency’s (“EPA”) Renewable Fuel Standard that originated with the Energy Policy Act of 2005 and modified by the Energy Independence and Security Act of 2007. To evidence that the required volume of renewable fuel is blended with gasoline and diesel motor vehicle fuels, obligated parties must retire sufficient RINs to cover their Renewable Volume Obligation (“RVO”). The Partnership’s EPA obligations relative to renewable fuel reporting are comprised of foreign gasoline and diesel that the Partnership may choose to import and blending operations at certain facilities. As a wholesaler of transportation fuels through its terminals, the Partnership separates RINs from renewable fuel through blending with gasoline and can use those separated RINs to settle its RVO. While the annual compliance period for the RVO is a calendar year and the settlement of the RVO typically occurs by March 31 of the following year, the settlement of the RVO can occur, under certain EPA deferral actions, more than one year after the close of the compliance period. The Partnership’s Wholesale segment’s operating results may be sensitive to the timing associated with its RIN position relative to its RVO at a point in time, and the Partnership may recognize a mark-to-market liability for a shortfall in RINs at the end of each reporting period. To the extent that the Partnership does not have a sufficient number of RINs to satisfy the RVO as of the balance sheet date, the Partnership charges cost of sales for such deficiency based on the market price of the RINs as of the balance sheet date and records a liability representing the Partnership’s obligation to purchase RINs. The Partnership’s RVO deficiency was immaterial at September 30, 2018 and December 31, 2017. The Partnership may enter into RIN forward purchase and sales commitments. Total losses from firm non-cancellable commitments were $0.1 million at September 30, 2018. Total losses from firm non-cancellable commitments were immaterial at December 31, 2017.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2018
Related Party Transactions
Related Party Transactions	Note 12. Related Party Transactions The Partnership is a party to a Second Amended and Restated Services Agreement with Global Petroleum Corp. (“GPC”), an affiliate of the Partnership that is 100% owned by members of the Slifka family, pursuant to which the Partnership provides GPC with certain tax, accounting, treasury, legal, information technology, human resources and financial operations support services for which GPC pays the Partnership a monthly services fee at an agreed amount subject to the approval by the Conflicts Committee of the board of directors of the General Partner. The Second Amended and Restated Services Agreement is for an indefinite term and any party may terminate some or all of the services upon ninety (90) days’ advanced written notice. As of September 30, 2018, no such notice of termination was given by GPC. The General Partner employs substantially all of the Partnership’s employees, except for most of its gasoline station and convenience store employees, who are employed by GMG. The Partnership reimburses the General Partner for expenses incurred in connection with these employees. These expenses, including bonus, payroll and payroll taxes, were $25.2 million and $26.6 million for the three months ended September 30, 2018 and 2017, respectively, and $77.1 million and $75.9 million for the nine months ended September 30, 2018 and 2017, respectively. The Partnership also reimburses the General Partner for its contributions under the General Partner’s 401(k) Savings and Profit Sharing Plans and the General Partner’s qualified and non-qualified pension plans. The table below presents receivables from GPC and the General Partner (in thousands): September 30, December 31, 2018 2017 Receivables from GPC $ 248 $ 7 Receivables from the General Partner (1) 5,062 3,766 Total $ 5,310 $ 3,773 (1) Receivables from the General Partner reflect the Partnership’s prepayment of payroll taxes and payroll accruals to the General Partner and are due to the timing of the payroll obligations. . In addition, the Partnership paid certain costs in connection with a compensation funding agreement with the General Partner. See Note 13, “Long-Term Incentive Plan–Repurchase Program.”

Long-Term Incentive Plan

Long-Term Incentive Plan	9 Months Ended
	Sep. 30, 2018
Long-Term Incentive Plan
Long-Term Incentive Plan	Note 13. Long-Term Incentive Plan The Partnership has a Long-Term Incentive Plan, as amended (the “LTIP”), whereby a total of 4,300,000 common units were authorized for delivery with respect to awards under the LTIP. The LTIP provides for awards to employees, consultants and directors of the General Partner and employees and consultants of affiliates of the Partnership who perform services for the Partnership. The LTIP allows for the award of options, unit appreciation rights, restricted units, phantom units, distribution equivalent rights, unit awards and substitute awards. Awards granted pursuant to the LTIP vest pursuant to the terms of the grant agreements. Please read Note 15 of Notes to Consolidated Financial Statements in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2017 for additional information on the LTIP. The following table presents a summary of the non-vested phantom units granted under the LTIP: Weighted Number of Average Non-vested Grant Date Units Fair Value ($) Outstanding non—vested phantom units at December 31, 2017 949,217 25.48 Vested (99,076) 39.35 Forfeited (26,964) 22.07 Outstanding non—vested phantom units at September 30, 2018 823,177 23.92 The Partnership recorded total compensation expense related to the outstanding LTIP awards of $1.2 million for each of the three months ended September 30, 2018 and 2017, and $3.6 million and $3.2 million for the nine months ended September 30, 2018 and 2017, respectively, which is included in selling, general and administrative expenses in the accompanying consolidated statements of operations. During 2017, the Partnership reversed compensation expenses related to forfeitures in the amount of $0.4 million and $1.8 million for the three and nine months ended September 30, 2017, respectively. The total compensation cost related to the non-vested awards not yet recognized at September 30, 2018 was approximately $9.8 million and is expected to be recognized ratably over the remaining requisite service periods. Repurchase Program In May 2009, the board of directors of the General Partner authorized the repurchase of the Partnership’s common units (the “Repurchase Program”) for the purpose of meeting the General Partner’s anticipated obligations to deliver common units under the LTIP and meeting the General Partner’s obligations under existing employment agreements and other employment related obligations of the General Partner (collectively, the “General Partner’s Obligations”). The General Partner is authorized to acquire up to 1,242,427 of its common units in the aggregate over an extended period of time, consistent with the General Partner’s Obligations. Common units may be repurchased from time to time in open market transactions, including block purchases, or in privately negotiated transactions. Such authorized unit repurchases may be modified, suspended or terminated at any time and are subject to price and economic and market conditions, applicable legal requirements and available liquidity. Since the Repurchase Program was implemented, the General Partner repurchased 838,505 common units pursuant to the Repurchase Program for approximately $24.8 million, none of which were purchased during the three and nine months ended September 30, 2018. In June 2009, the Partnership and the General Partner entered into the Global GP LLC Compensation Funding Agreement (the “Agreement”) whereby the Partnership and the General Partner established obligations and protocol for (i) the funding, management and administration of a compensation funding account and underlying General Partner’s Obligations, and (ii) the holding and disposition by the General Partner of common units acquired in accordance with the Agreement for such purposes as otherwise set forth in the Agreement. The Agreement requires the Partnership to fund costs that the General Partner incurs in connection with performance of the Agreement. In accordance with the Agreement, the Partnership paid members of the General Partner $0 for each of the three months ended September 30, 2018 and 2017 and approximately $0.4 million and $0.8 million in the aggregate for the nine months ended September 30, 2018 and 2017, respectively.

Partners' Equity and Cash Distr

Partners' Equity and Cash Distributions	9 Months Ended
	Sep. 30, 2018
Partners' Equity and Cash Distributions
Partners' Equity and Cash Distributions	Note 14. Partners’ Equity and Cash Distributions Partners’ Equity Common Units At September 30, 2018 there were 33,995,563 common units issued, including 7,347,370 common units held by affiliates of the General Partner, including directors and executive officers, collectively representing a 99.33% limited partner interest in the Partnership, and 230,303 general partner units representing a 0.67% general partner interest in the Partnership. There have been no changes to common units during the three and nine months ended September 30, 2018 and 2017. Series A Preferred Units On August 7, 2018, the Partnership issued 2,760,000 Series A Preferred Units at a price of $25.00 per Series A Preferred Unit. The Partnership used the proceeds, net of underwriting discount and expenses, of $66.4 million to reduce indebtedness under its Credit Agreement. Cash Distributions Common Units The Partnership intends to make cash distributions to common unitholders on a quarterly basis, although there is no assurance as to the future cash distributions since they are dependent upon future earnings, capital requirements, financial condition and other factors. The Credit Agreement prohibits the Partnership from making cash distributions if any potential default or Event of Default, as defined in the Credit Agreement, occurs or would result from the cash distribution. The indentures governing the Partnership’s outstanding senior notes also limit the Partnership’s ability to make distributions to its common unitholders in certain circumstances. Within 45 days after the end of each quarter, the Partnership will distribute all of its Available Cash (as defined in its partnership agreement) to common unitholders of record on the applicable record date. The amount of Available Cash is all cash on hand on the date of determination of Available Cash for the quarter; less the amount of cash reserves established by the General Partner to provide for the proper conduct of the Partnership’s business, to comply with applicable law, any of the Partnership’s debt instruments or other agreements or to provide funds for distributions to unitholders and the General Partner for any one or more of the next four quarters. The Partnership will make distributions of Available Cash from distributable cash flow for any quarter in the following manner: 99.33% to the common unitholders, pro rata, and 0.67% to the General Partner, until the Partnership distributes for each outstanding common unit an amount equal to the minimum quarterly distribution for that quarter; and thereafter, cash in excess of the minimum quarterly distribution is distributed to the common unitholders and the General Partner based on the percentages as provided below. As holder of the IDRs, the General Partner is entitled to incentive distributions if the amount that the Partnership distributes with respect to any quarter exceeds specified target levels shown below: Marginal Percentage Total Quarterly Distribution Interest in Distributions Target Amount Unitholders General Partner First Target Distribution up to $0.4625 99.33 % 0.67 % Second Target Distribution above $0.4625 up to $0.5375 86.33 % 13.67 % Third Target Distribution above $0.5375 up to $0.6625 76.33 % 23.67 % Thereafter above $0.6625 51.33 % 48.67 % The Partnership paid the following cash distributions to common unitholders during 2018 (in thousands, except per unit data): Earned for the Per Unit Cash Distribution Quarter Cash Common General Incentive Total Cash Payment Date Ended Distribution Units Partner Distribution Distribution 2/14/2018 12/31/17 $ $ 15,723 $ 106 $ — $ 15,829 5/15/2018 03/31/18 15,723 106 — 15,829 8/14/2018 06/30/18 16,149 109 67 16,325 In addition, on October 26, 2018, the board of directors of the General Partner declared a quarterly cash distribution of $0.4750 per unit ($1.90 per unit on an annualized basis) on all of its outstanding common units for the period from July 1, 2018 through September 30, 2018. On November 14, 2018, the Partnership will pay this cash distribution to its common unitholders of record as of the close of business on November 9, 2018. This distribution will result in the Partnership reaching its second target level distribution for the quarter ended September 30, 2018. Series A Preferred Units The Series A Preferred Units are a new class of equity security that ranks senior to all classes or series of the Partnership’s equity securities with respect to distribution rights and rights upon liquidation established after August 7, 2018, the original issue date of the Series A Preferred Units (the “Original Issue Date”). Distributions on the Series A Preferred Units are cumulative from the Original Issue Date and payable quarterly in arrears on February 15, May 15, August 15 and November 15 of each year, commencing on November 15, 2018 (each, a “Distribution Payment Date”), to holders of record as of the opening of business on the February 1, May 1, August 1 or November 1 next preceding the Distribution Payment Date, in each case, when, as, and if declared by the General Partner out of legally available funds for such purpose. On October 23, 2018, the board of directors of the General Partner declared the initial quarterly cash distribution of $0.6635 per unit on the Series A Preferred Units, covering the period from August 7, 2018 (the issuance date of the Series A Preferred Units) through November 14, 2018. This distribution will be payable on November 15, 2018 to holders of record as of the opening of business on November 1, 2018. The initial distribution rate for the Series A Preferred Units from and including the Original Issue Date, but excluding, August 15, 2023 is 9.75% per annum of the $25.00 liquidation preference per Series A Preferred Unit (equal to $2.4375 per Series A Preferred Unit per annum). On and after August 15, 2023, distributions on the Series A Preferred Units will accumulate for each distribution period at a percentage of the $25.00 liquidation preference equal to an annual floating rate of the three-month LIBOR plus a spread of 6.774% per annum. At any time on or after August 15, 2023, the Partnership may redeem, in whole or in part, the Series A Preferred Units at a redemption price in cash of $25.00 per Series A Preferred Unit plus an amount equal to all accumulated and unpaid distributions thereon to, but excluding, the date of redemption, whether or not declared. The Partnership must provide not less than 30 days’ and not more than 60 days’ advance written notice of any such redemption. Upon the occurrence of a Series A Change of Control (as defined in the partnership agreement), the Partnership may, at its option, redeem the Series A Preferred Units, in whole or in part, within 120 days after the first date on which such Series A Change of Control occurred, by paying $25.00 per Series A Preferred Unit, plus all accumulated and unpaid distributions to, but excluding, the date of redemption, whether or not declared. If, prior to the Series A Change of Control Conversion Date (as defined in the partnership agreement), the Partnership exercises its redemption rights relating to Series A Preferred Units, holders of the Series A Preferred Units that the Partnership has elected to redeem will not have the conversion right discussed below related to a Series A Change of Control. Upon the occurrence of a Series A Change of Control, each holder of Series A Preferred Units will have the right (unless, prior to the Series A Change of Control Conversion Date, the Partnership provides notice of its election to redeem the Series A Preferred Units) to convert some or all of the Series A Preferred Units held by such holder on the Series A Change of Control Conversion Date into a number of common units per Series A Preferred Unit to be converted equal to the lesser of (a) the quotient obtained by dividing (i) the sum of the $25.00 liquidation preference plus the amount of any accumulated and unpaid distributions to, but excluding, the Series A Change of Control Conversion Date (unless the Series A Change of Control Conversion Date is after a record date for a Series A Preferred Unit distribution payment and prior to the corresponding Distribution Payment Date, in which case no additional amount for such accumulated and unpaid distribution will be included in this sum) by (ii) the Common Unit Price (as defined in the partnership agreement) and (b) 2.7100, subject, in each case, to certain exceptions and adjustments. Any such redemptions would be effected only out of funds legally available for such purposes and would be subject to compliance with the provisions of the Partnership’s outstanding indebtedness. Holders of Series A Preferred Units generally have no voting rights, except for limited voting rights with respect to (i) potential amendments to the partnership agreement that would have a material adverse effect on the terms of the Series A Preferred Units, (ii) the creation or issuance of any Parity Securities (as defined in the partnership agreement) (including any additional Series A Preferred Units) if the cumulative distributions payable on then outstanding Series A Preferred Units (or Parity Securities, if applicable) are in arrears, (iii) the creation or issuance of any Senior Securities (as defined in the partnership agreement) and (iv) the declaration or payment of any distribution to the holders of common units out of capital surplus.

Unitholders' Equity

Unitholders' Equity	9 Months Ended
	Sep. 30, 2018
Unitholders' Equity
Unitholders' Equity	Note 15. Unitholders’ Equity At-the-Market Offering Program On May 19, 2015, the Partnership entered into an equity distribution agreement pursuant to which the Partnership may sell from time to time through its sales agents, following a standard due diligence effort, the Partnership’s common units having an aggregate offering price of up to $50.0 million. Sales of the common units, if any, will be made by any method permitted by law deemed to be an “at-the-market” offering, including ordinary brokers’ transactions through the facilities of the New York Stock Exchange, to or through a market maker, or directly on or through an electronic communication network, a “dark pool” or any similar market venue, at market prices, in block transactions, or as otherwise agreed upon by the Partnership and one or more of its sales agents. The Partnership may also sell common units to one or more of its sales agents as principal for its own account at a price to be agreed upon at the time of sale. Any sale of common units to a sales agent as principal would be pursuant to the terms of a separate agreement between the Partnership and such sales agent. The Partnership intends to use the net proceeds from any sales pursuant to the at-the-market offering program, after deducting the sales agents’ commissions and the Partnership’s offering expenses, for general partnership purposes, which may include, among other things, repayment of indebtedness, acquisitions and capital expenditures. The sales agents and/or affiliates of each of the sales agents have, from time to time, performed, and may in the future perform, various financial advisory and commercial and investment banking services for the Partnership and its affiliates, for which they have received and in the future will receive customary compensation and expense reimbursement. Affiliates of the sales agents are lenders under the Partnership’s credit facility and, accordingly, may receive a portion of the net proceeds from this offering if and to the extent any proceeds are used to reduce outstanding borrowings under the Partnership’s credit facility. No common units have been sold by the Partnership pursuant to the at-the-market offering program since inception.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2018
Segment Reporting
Segment Reporting	Note 16. Segment Reporting Summarized financial information for the Partnership’s reportable segments is presented in the table below (in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Wholesale Segment: Sales Gasoline and gasoline blendstocks $ 1,594,543 $ 559,685 $ 3,615,862 $ 1,526,452 Crude oil (1) 15,643 109,923 74,047 356,594 Other oils and related products (2) 279,467 292,427 1,372,042 1,249,457 Total $ 1,889,653 $ 962,035 $ 5,061,951 $ 3,132,503 Product margin Gasoline and gasoline blendstocks $ 5,586 $ 30,422 $ 54,423 $ 64,415 Crude oil (1) (7,606) (8,405) 2,885 3,248 Other oils and related products (2) 5,175 14,589 31,477 52,290 Total $ 3,155 $ 36,606 $ 88,785 $ 119,953 Gasoline Distribution and Station Operations Segment: Sales Gasoline $ 1,110,529 $ 897,440 $ 3,088,906 $ 2,524,823 Station operations (3) 124,481 94,856 312,455 258,309 Total $ 1,235,010 $ 992,296 $ 3,401,361 $ 2,783,132 Product margin Gasoline $ 91,335 $ 84,170 $ 238,434 $ 230,608 Station operations (3) 57,265 46,492 149,479 128,629 Total $ 148,600 $ 130,662 $ 387,913 $ 359,237 Commercial Segment: Sales $ 344,172 $ 205,415 $ 934,989 $ 604,425 Product margin $ 5,478 $ 5,022 $ 16,524 $ 13,335 Combined sales and Product margin: Sales $ 3,468,835 $ 2,159,746 $ 9,398,301 $ 6,520,060 Product margin (4) $ 157,233 $ 172,290 $ 493,222 $ 492,525 Depreciation allocated to cost of sales (22,259) (22,196) (64,657) (67,042) Combined gross profit $ 134,974 $ 150,094 $ 428,565 $ 425,483 (1) Crude oil consists of the Partnership’s crude oil sales and revenue from its logistics activities. (2) Other oils and related products primarily consist of distillates, residual oil and propane. (3) Station operations consist of convenience store sales, rental income and sundries. (4) Product margin is a non-GAAP financial measure used by management and external users of the Partnership’s consolidated financial statements to assess its business. The table above includes a reconciliation of product margin on a combined basis to gross profit, a directly comparable GAAP measure. Approximately 144 million gallons and 123 million gallons of the GDSO segment’s sales for the three months ended September 30, 2018 and 2017, respectively, and 388 million gallons and 361 million gallons of the GDSO segment’s sales for the nine months ended September 30, 2018 and 2017, respectively, were supplied from petroleum products and renewable fuels sourced by the Wholesale segment. Predominantly all of the Commercial segment’s sales were sourced by the Wholesale segment. These intra-segment sales are not reflected as sales in the Wholesale segment as they are eliminated. A reconciliation of the totals reported for the reportable segments to the applicable line items in the consolidated financial statements is as follows (in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Combined gross profit $ 134,974 $ 150,094 $ 428,565 $ 425,483 Operating costs and expenses not allocated to operating segments: Selling, general and administrative expenses 42,127 40,134 121,447 111,600 Operating expenses 83,776 70,338 234,043 208,720 Gain on trustee taxes — — (52,627) — Lease exit and termination gain (3,506) — (3,506) — Amortization expense 3,079 2,260 7,984 6,781 Net loss (gain) on sale and disposition of assets 940 2,190 5,840 (7,291) Goodwill and long-lived asset impairment 414 809 414 809 Total operating costs and expenses 126,830 115,731 313,595 320,619 Operating income 8,144 34,363 114,970 104,864 Interest expense (22,579) (20,626) (65,637) (65,836) Income tax (expense) benefit (29) 723 900 (72) Net (loss) income (14,464) 14,460 50,233 38,956 Net loss attributable to noncontrolling interest 384 418 1,142 1,242 Net (loss) income attributable to Global Partners LP $ (14,080) $ 14,878 $ 51,375 $ 40,198 The Partnership’s foreign assets and foreign sales were immaterial as of and for the three and nine months ended September 30, 2018 and 2017. Segment Assets The Partnership’s terminal assets are allocated to the Wholesale and Commercial segments, and its retail gasoline stations are allocated to the GDSO segment. Due to the commingled nature and uses of the remainder of the Partnership’s assets, it is not reasonably possible for the Partnership to allocate these assets among its reportable segments. The table below presents total assets by reportable segment at September 30, 2018 and December 31, 2017 (in thousands): Wholesale Commercial GDSO Unallocated Total September 30, 2018 $ 723,006 $ — $ 1,447,625 $ 404,699 $ 2,575,330 December 31, 2017 $ 613,764 $ 100 $ 1,281,370 $ 424,935 $ 2,320,169

Business Combination

Business Combination	9 Months Ended
	Sep. 30, 2018
Business Combinations
Business Combinations	Note 17. Business Combinations 2018 Acquisitions Acquisition from Cheshire Oil Company, LLC — On July 24, 2018, the Partnership acquired the assets of ten company-operated gasoline stations and convenience stores from Cheshire in a cash transaction. The portfolio consists of nine stores in New Hampshire and one in Brattleboro, Vermont. All of the locations are branded T-Bird Mini Marts and market Citgo fuel. The purchase price was approximately $33.4 million, including inventory. The acquisition was financed with borrowings under the Partnership’s revolving credit facility. The acquisition was accounted for using the purchase method of accounting in accordance with the Financial Accounting Standards Board’s (“FASB”) guidance regarding business combinations. The Partnership’s financial statements include the results of operations of Cheshire subsequent to the acquisition date. The purchase price allocation is considered preliminary, and additional adjustments may be recorded during the allocation period in accordance with the FASB’s guidance regarding business combinations. The purchase price allocation will be finalized as the Partnership receives additional information relevant to the acquisition, including the final valuation of the assets purchased, including tangible and intangible assets, and liabilities assumed. The following table presents the preliminary allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition (in thousands): Assets purchased: Inventory $ 1,591 Property and equipment 26,943 Intangibles 337 Total identifiable assets purchased 28,871 Liabilities assumed: Environmental liabilities (1,174) Other non-current liabilities (109) Total liabilities assumed (1,283) Net identifiable assets acquired 27,588 Goodwill 5,853 Net assets acquired $ 33,441 Management is in the process of evaluating the purchase price accounting. The Partnership engaged a third-party valuation firm to assist in the valuation of Cheshire’s property and equipment and intangible assets consisting of in-place leases. This valuation continues to be in process and, during the three months ended September 30, 2018, the Partnership received preliminary fair values of these assets. The estimated fair values of property and equipment of $26.9 million and intangibles assets of $0.3 million were developed by management based on their estimates, assumptions and acquisition history including preliminary reports from the third-party valuation firm. The estimated fair values of the property and equipment and intangible assets will be supported by the valuations performed by the third-party valuation firm. It is possible that once the Partnership receives the completed valuations on the property and equipment and intangible assets, the final purchase price accounting may be different than what is presented above. The fair value of $1.2 million assigned to the assumption of environmental liabilities was developed by management based on their estimates, assumptions and acquisition history (see Note 12). The fair values of the remaining Cheshire assets and liabilities noted above approximate their carrying values at July 24, 2018. The preliminary purchase price for the acquisition was allocated to assets acquired and liabilities assumed based on their estimated fair values. The Partnership then allocated the purchase price in excess of net tangible assets acquired to identifiable intangible assets, based upon their estimates and assumptions. Any excess purchase price over the fair value of the net tangible and intangible assets acquired was allocated to goodwill and assigned to the GDSO reporting unit. The $5.9 million of goodwill was recognized as the transaction expanded the Partnership’s retail presence in New Hampshire and enables the Partnership to benefit from economies of scale in the purchase of gasoline and convenience store merchandise. The goodwill is expected to be tax deductible. The operations of Cheshire have been integrated into the GDSO reporting segment. The Partnership utilized accounting guidance related to intangible assets which lists the pertinent factors to be considered when estimating the useful life of an intangible asset. These factors include, in part, a review of the expected use by the Partnership of the assets acquired, the expected useful life of another asset (or group of assets) related to the acquired assets and legal, regulatory or other contractual provisions that may limit the useful life of an acquired asset. The Partnership amortizes these intangible assets over their estimated useful lives which is consistent with the estimated undiscounted future cash flows of these assets. As part of the purchase price allocation, identifiable intangible assets include in-place leases that are being amortized over one year. Amortization expense related to the intangible assets was immaterial for each of the three and nine months ended September 30, 2018. In connection with the acquisition of Cheshire, the Partnership incurred acquisition costs of approximately $0.4 million for each of the three and nine months ended September 30, 2018, which are included in selling, general and administrative expenses in the accompanying consolidated statements of operations for the respective periods. Cheshire’s revenues and net income included in the Partnership’s consolidated operating results from July 24, 2018, the acquisition date, through September 30, 2018 were immaterial. Acquisition from Champlain Oil Company, Inc .— On July 17, 2018, the Partnership acquired retail fuel and convenience store assets from Champlain in a cash transaction. The acquisition included 37 company-operated gasoline stations with Jiffy Mart-branded convenience stores in Vermont and New Hampshire and approximately 24 fuel sites that are either owned or leased, including lessee dealer and commission agent locations. The transaction also included fuel supply agreements for approximately 65 gasoline stations, primarily in Vermont and New Hampshire. The stations primarily market major fuel brands such as Mobil, Shell, Citgo, Sunoco and Irving. The purchase price was approximately $138.4 million, including inventory. The acquisition was financed with borrowings under the Partnership’s revolving credit facility. The acquisition was accounted for using the purchase method of accounting in accordance with the FASB’s guidance regarding business combinations. The Partnership’s financial statements include the results of operations of Champlain subsequent to the acquisition date. The purchase price allocation is considered preliminary, and additional adjustments may be recorded during the allocation period in accordance with the FASB’s guidance regarding business combinations. The purchase price allocation will be finalized as the Partnership receives additional information relevant to the acquisition, including the final valuation of the assets purchased, including tangible and intangible assets, and liabilities assumed. The following table presents the preliminary allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition (in thousands): Assets purchased: Inventory $ 5,653 Prepaid expenses and other current assets 270 Property and equipment 93,175 Intangibles 13,576 Total identifiable assets purchased 112,674 Liabilities assumed: Accrued expenses and other current liabilities (176) Environmental liabilities (10,757) Other non-current liabilities (938) Total liabilities assumed (11,871) Net identifiable assets acquired 100,803 Goodwill 37,580 Net assets acquired $ 138,383 Management is in the process of evaluating the purchase price accounting. The Partnership engaged a third-party valuation firm to assist in the valuation of Champlain’s property and equipment and intangible assets consisting of dealer supply contracts, in-place leases and franchise rights. This valuation continues to be in process and, during the three months ended September 30, 2018, the Partnership received preliminary fair values of these assets. The estimated fair values of property and equipment of $93.2 million and intangibles assets of $13.6 million were developed by management based on their estimates, assumptions and acquisition history, including preliminary reports from the third-party valuation firm. The estimated fair values of the property and equipment and intangible assets will be supported by the valuations performed by the third-party valuation firm. It is possible that once the Partnership receives the completed valuations on the property and equipment and intangible assets, the final purchase price accounting may be different than what is presented above. The fair value of $10.7 million assigned to the assumption of environmental liabilities was developed by management based on their estimates, assumptions and acquisition history (see Note 12). The fair values of the remaining Champlain assets and liabilities noted above approximate their carrying values at July 17, 2018. The preliminary purchase price for the acquisition was allocated to assets acquired and liabilities assumed based on their estimated fair values. The Partnership then allocated the purchase price in excess of net tangible assets acquired to identifiable intangible assets, based upon their estimates and assumptions. Any excess purchase price over the fair value of the net tangible and intangible assets acquired was allocated to goodwill and assigned to the GDSO reporting unit. The $37.6 million of goodwill was recognized as the transaction expanded the Partnership’s retail portfolio and geographic footprint in New England and provides additional volume to the Partnership’s terminals in New York and Vermont. The goodwill is expected to be tax deductible. The operations of Champlain have been integrated into the GDSO reporting segment. The Partnership utilized accounting guidance related to intangible assets which lists the pertinent factors to be considered when estimating the useful life of an intangible asset. These factors include, in part, a review of the expected use by the Partnership of the assets acquired, the expected useful life of another asset (or group of assets) related to the acquired assets and legal, regulatory or other contractual provisions that may limit the useful life of an acquired asset. The Partnership amortizes these intangible assets over their estimated useful lives which is consistent with the estimated undiscounted future cash flows of these assets. As part of the purchase price allocation, identifiable intangible assets include dealer supply contracts, in-place leases and franchise rights that are being amortized between one and ten years. Amortization expense related to the intangible assets was $0.6 million for each of the three and nine months ended September 30, 2018. In connection with the acquisition of Champlain, the Partnership incurred acquisition costs of approximately $3.3 million and $3.5 million for the three and nine months ended September 30, 2018, respectively, which are included in selling, general and administrative expenses in the accompanying consolidated statements of operations for the respective periods Champlain’s revenues and net income included in the Partnership’s consolidated operating results from July 17, 2018, the acquisition date, through September 30, 2018 were immaterial. 2017 Acquisition Honey Farms, Inc. —On October 18, 2017, the Partnership completed the acquisition of retail gasoline and convenience store assets from Honey Farms, Inc. (“Honey Farms”) in a cash transaction. The acquisition included 11 company-operated retail sites with gasoline and convenience stores and 22 company-operated stand-alone convenience stores. All of the sites are located in and around the greater Worcester, Massachusetts area. The purchase price was approximately $38.5 million, including inventory. The acquisition was financed with borrowings under the Partnership’s revolving credit facility. The acquisition was accounted for using the purchase method of accounting in accordance with the FASB’s guidance regarding business combinations. The Partnership’s financial statements include the results of operations of Honey Farms subsequent to the acquisition date. The following table presents the final allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition (in thousands): Assets purchased: Inventory $ 2,999 Property and equipment 14,087 Intangibles 1,370 Other non-current assets 3 Total identifiable assets purchased 18,459 Liabilities assumed: Environmental liabilities (1,119) Other non-current liabilities (352) Total liabilities assumed (1,471) Net identifiable assets acquired 16,988 Goodwill 21,491 Net assets acquired $ 38,479 During the nine months ended September 30, 2018, the Partnership recorded a change to the preliminary purchase accounting, specifically related to the value assigned to the environmental liabilities. The impact of this change decreased goodwill to $21.5 million at September 30, 2018 from $21.6 million at December 31, 2017 as follows (in thousands): Goodwill – December 31, 2017 $ 21,630 Decrease in environmental liabilities (139) Goodwill – September 30, 2018 $ 21,491 The Partnership engaged a third-party valuation firm to assist in the valuation of Honey Farms’ property and equipment, intangible assets consisting of in-place leases, favorable leasehold interests and franchise rights, and other non-current liabilities consisting of unfavorable leasehold interests. The Partnership’s third-party valuation firm considered the income, market and cost approaches in estimating the fair value of the property and equipment, intangible assets and other non-current liabilities. The market and cost approaches were used to value the property and equipment based on the underlying asset class components of the property and equipment. The income approach was used to value the in-place leases, franchise rights and favorable and unfavorable leasehold interests. The purchase price for the acquisition was allocated to assets acquired and liabilities assumed based on their estimated fair values. The Partnership then allocated the purchase price in excess of net tangible assets acquired to identifiable intangible assets, based upon a valuation from the Partnership’s third‑party valuation firm. Any excess purchase price over the fair value of the net tangible and intangible assets acquired was allocated to goodwill and assigned to the GDSO reporting unit. The $21.5 million of goodwill was recognized as the transaction expanded the Partnership’s footprint and enables the Partnership to benefit from economies of scale in the purchase of gasoline and convenience store merchandise. The goodwill is expected to be tax deductible. The operations of Honey Farms have been integrated into the GDSO reporting segment. The fair value of $1.1 million assigned to the assumption of environmental liabilities was developed by management based on their estimates, assumptions and acquisition history. The fair values of the remaining Honey Farms assets and liabilities noted above approximate their carrying values as of the acquisition date. The Partnership utilized accounting guidance related to intangible assets which lists the pertinent factors to be considered when estimating the useful life of an intangible asset. These factors include, in part, a review of the expected use by the Partnership of the assets acquired, the expected useful life of another asset (or group of assets) related to the acquired assets and legal, regulatory or other contractual provisions that may limit the useful life of an acquired asset. The Partnership amortizes these intangible assets over their estimated useful lives which is consistent with the estimated undiscounted future cash flows of these assets. As part of the purchase price allocation, identifiable intangible assets include in-place leases, favorable leasehold interests and franchise rights that are being amortized over one, three and three years, respectively. Amortization expense related to the intangible assets was $0.2 million and $0.7 million for the three and nine months ended September 30, 2018, respectively. The in-place leases, favorable leasehold interests and franchise rights have a weighted average term of approximately three, two and four years, respectively, prior to their next renewal. Supplemental Pro Forma Information —Revenues and net income not included in the Partnership’s consolidated operating results for Cheshire, Champlain and Honey Farms from January 1, 2017 through the respective acquisition date, were immaterial.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2018
Income Taxes
Income Taxes	Note 18. Income Taxes Section 7704 of the Internal Revenue Code provides that publicly-traded partnerships are, as a general rule, taxed as corporations. However, an exception, referred to as the “Qualifying Income Exception,” exists under Section 7704(c) with respect to publicly-traded partnerships of which 90% or more of the gross income for every taxable year consists of “qualifying income.” Qualifying income includes income and gains derived from the transportation, storage and marketing of refined petroleum products, crude oil and ethanol to resellers and refiners. Other types of qualifying income include interest (other than from a financial business), dividends, gains from the sale of real property and gains from the sale or other disposition of capital assets held for the production of income that otherwise constitutes qualifying income. Substantially all of the Partnership’s income is “qualifying income” for federal income tax purposes and, therefore, is not subject to federal income taxes at the partnership level. Accordingly, no provision has been made for income taxes on the qualifying income in the Partnership’s financial statements. Net income for financial statement purposes may differ significantly from taxable income reportable to unitholders as a result of differences between the tax basis and financial reporting basis of assets and liabilities and the taxable income allocation requirements under the Partnership’s agreement of limited partnership. Individual unitholders have different investment basis depending upon the timing and price at which they acquired their common units. Further, each unitholder’s tax accounting, which is partially dependent upon the unitholder’s tax position, differs from the accounting followed in the Partnership’s consolidated financial statements. Accordingly, the aggregate difference in the basis of the Partnership’s net assets for financial and tax reporting purposes cannot be readily determined because information regarding each unitholder’s tax attributes in the Partnership is not available to the Partnership. One of the Partnership’s wholly owned subsidiaries, GMG, is a taxable entity for federal and state income tax purposes. Current and deferred income taxes are recognized on the separate earnings of GMG. The after-tax earnings of GMG are included in the earnings of the Partnership. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes for GMG. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Partnership calculates its current and deferred tax provision based on estimates and assumptions that could differ from actual results reflected in income tax returns filed in subsequent years. Adjustments based on filed returns are recorded when identified. On July 1, 2015 the Partnership commenced business in Canada through its wholly owned Canadian subsidiary, Global Partners Energy Canada ULC (“GPEC”). GPEC predominantly consists of sourcing crude oil and other petroleum based products for sale to the Partnership and customers in Canada. GPEC is a taxable entity for Canadian corporate income and branch taxes. In its first year of operations, GPEC realized a pre-tax loss generating a net operating loss that might be used to offset future taxable income when GPEC operates at a profit. The Partnership recognizes deferred tax assets to the extent that the recoverability of these assets satisfies the “more likely than not” criteria in accordance with the FASB’s accounting guidance regarding income taxes. The Partnership concluded, based upon an evaluation of future operating results and reversal of existing taxable temporary differences, that a portion of these assets will not be realized in a future period. The valuation allowance increased by $0.3 million for the nine months ended September 30, 2018. The Partnership computed its tax provision for the three and nine months ended September 30, 2018 based upon the year-to-date effective tax rate as opposed to an estimated annual effective tax rate. Given a reliable estimate of the annual effective tax rate cannot be made, the Partnership concluded that the year-to-date effective tax rate is the most appropriate method to use for the three and nine months ended September 30, 2018. Unrecognized tax benefits represent uncertain tax positions for which reserves have been established. The Partnership had gross-tax effected unrecognized tax benefits of $1.0 million at both September 30, 2018 and December 31, 2017, of which all would favorably impact the effective tax rate if recognized. GMG files income tax returns in the United States and various state jurisdictions. With few exceptions, the Partnership is subject to income tax examination by tax authorities for all years dated back to 2015. Tax Cuts and Jobs Act As disclosed in Note 11, “Income Taxes,” of Notes to Consolidated Financial Statements in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2017, the Partnership recorded provisional amounts in its 2017 consolidated financial statements to reflect the federal, state and foreign impacts of the Tax Cuts and Jobs Act (the “Act”), as well as to the balance of the Partnership’s deferred tax assets and liabilities. These amounts remain provisional and subject to Staff Accounting Bulletin No. 118, “Income Tax Accounting Implications of the Tax Cuts and Jobs Act,” (“SAB 118”) as of September 30, 2018. There have been no changes to the provisional amounts recorded in the 2017 financial statements during the three and nine months ended September 30, 2018. While the Partnership made reasonable estimates of the effects of the Act in its 2017 consolidated financial statements, the final impact of the Act may differ from these estimates due to, among other things, changes in the Partnership’s interpretations of and assumptions under the Act and additional guidance that may be issued by the Internal Revenue Service. As a result, the Partnership will continue to gather additional information to determine the final impact of these changes. SAB 118 provides that in these cases, an entity should continue to apply ASC Topic 740, “Income Taxes,” based on the provisions of the tax laws that were in effect immediately prior to the Act. SAB 118 provides a measurement period that should not extend beyond one year from the Act enactment date for entities to complete the accounting under ASC Topic 740 .

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2018
Changes in Accumulated Other Comprehensive Loss
Changes in Accumulated Other Comprehensive Loss	Note 19. Changes in Accumulated Other Comprehensive Loss The following table presents the changes in accumulated other comprehensive loss by component for the periods presented (in thousands): Pension Three Months Ended September 30, 2018 Plan Derivatives Total Balance at June 30, 2018 $ (5,351) $ 88 $ (5,263) Other comprehensive income before reclassifications of gain (loss) 584 (67) 517 Amount of (loss) gain reclassified from accumulated other comprehensive income (16) — (16) Total comprehensive (loss) income 568 (67) 501 Balance at September 30, 2018 $ (4,783) $ 21 $ (4,762) Pension Nine Months Ended September 30, 2018 Plan Derivatives Total Balance at December 31, 2017 $ (5,333) $ (135) $ (5,468) Other comprehensive income before reclassifications of gain (loss) 598 156 754 Amount of (loss) gain reclassified from accumulated other comprehensive income (48) — (48) Total comprehensive income 550 156 706 Balance at September 30, 2018 $ (4,783) $ 21 $ (4,762) Amounts are presented prior to the income tax effect on other comprehensive income. Given the Partnership’s partnership status for federal income tax purposes, the effective tax rate is immaterial.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Note 20. Supplemental Cash Flow Information The following table presents supplemental cash flow information for the periods presented (in thousands): Nine Months Ended September 30, 2018 2017 Borrowings from working capital revolving credit facility $ 1,595,000 $ 946,200 Payments on working capital revolving credit facility (1,414,000) (1,231,600) Net borrowings from (payments on) working capital revolving credit facility $ 181,000 $ (285,400) Borrowings from revolving credit facility $ 166,000 $ — Payments on revolving credit facility (117,800) (26,700) Net borrowings from (payments on) revolving credit facility $ 48,200 $ (26,700)

Legal Proceedings

Legal Proceedings	9 Months Ended
	Sep. 30, 2018
Legal Proceedings
Legal Proceedings	Note 21. Legal Proceedings General Although the Partnership may, from time to time, be involved in litigation and claims arising out of its operations in the normal course of business, the Partnership does not believe that it is a party to any litigation that will have a material adverse impact on its financial condition or results of operations. Except as described below and in Note 11 included herein, the Partnership is not aware of any significant legal or governmental proceedings against it, or contemplated to be brought against it. The Partnership maintains insurance policies with insurers in amounts and with coverage and deductibles as its general partner believes are reasonable and prudent. However, the Partnership can provide no assurance that this insurance will be adequate to protect it from all material expenses related to potential future claims or that these levels of insurance will be available in the future at economically acceptable prices. Other During the second quarter ended June 30, 2016, the Partnership determined that gasoline loaded from certain loading bays at one of its terminals did not contain the necessary additives as a result of an IT-related configuration error. The error was corrected and all gasoline being sold at the terminal now contains the appropriate additives. Based upon current information, the Partnership believes approximately 14 million gallons of gasoline were impacted. The Partnership has notified the EPA of this error. As a result of this error, the Partnership could be subject to fines, penalties and other related claims, including customer claims. On August 2, 2016, the Partnership received a Notice of Violation (“NOV”) from the EPA, alleging that permits for the Partnership’s petroleum product transloading facility in Albany, New York (the “Albany Terminal”), issued by the New York State Department of Environmental Conservation (“NYSDEC”) between August 9, 2011 and November 7, 2012, violated the Clean Air Act (the “CAA”) and the federally enforceable New York State Implementation Plan (“SIP”) by increasing throughput of crude oil at the Albany Terminal without complying with the New Source Review (“NSR”) requirements of the SIP. The Albany Terminal is a 63-acre licensed, permitted and operational stationary bulk petroleum storage and transfer terminal that currently consists of petroleum product storage tanks, along with truck, rail and marine loading facilities, for the storage, blending and distribution of various petroleum and related products, including gasoline, ethanol, distillates, heating and crude oils. The applicable permits issued by the NYSDEC to the Partnership in 2011 and 2012 specifically authorize the Partnership to increase the throughput of crude oil at the Albany Terminal. According to the allegations in the NOV, the NYSDEC permit actions should have been treated as a major modification under the NSR program, requiring additional emission control measures and compliance with other NSR requirements. The NYSDEC has not alleged that the Partnership’s permits were subject to the NSR program and the NYSDEC never issued an NOV in the matter. The CAA authorizes the EPA to take enforcement action in response to violations of the New York SIP seeking compliance and penalties. The Partnership believes that the permits issued by the NYSDEC comply with the CAA and applicable state air permitting requirements and that no material violation of law has occurred. The Partnership disputes the claims alleged in the NOV and responded to the EPA in September 2016. The Partnership met with the EPA and provided additional information at the agency’s request. On December 16, 2016, the EPA proposed a Settlement Agreement in a letter to the Partnership relating to the allegations in the NOV. On January 17, 2017, the Partnership responded to the EPA indicating that the EPA had failed to explain or provide support for its allegations and that the EPA needed to better explain its positions and the evidence on which it was relying. The EPA did not respond with such evidence, but instead has requested that the Partnership enter into a series of tolling agreements. The Partnership has signed a number of tolling agreements with respect to this matter, as requested by the EPA, and such agreements currently extend through December 31, 2018. To date, the EPA has not taken any further formal action with respect to the NOV. By letter dated January 25, 2017, the Partnership received a notice of intent to sue (the “2017 NOI”) from Earthjustice related to alleged violations of the CAA; specifically alleging that the Partnership was operating the Albany Terminal without a valid CAA Title V Permit. On February 9, 2017, the Partnership responded to Earthjustice advising that the 2017 NOI was without factual or legal merit and that the Partnership would move to dismiss any action commenced by Earthjustice. No action was taken by either the EPA or the NYSDEC with regard to the Earthjustice allegations. At this time, there has been no further action taken by Earthjustice. Neither the EPA nor the NYSDEC has followed up on the 2017 NOI. The Albany Terminal is currently operating pursuant to its Title V Permit, which has been extended in accordance with the State Administrative Procedures Act. The Partnership believes that it has meritorious defenses against all allegations. On May 29, 2015 and in connection with a commercial dispute with Tethys Trading Company LLC (“Tethys”), the Partnership received a notice from Tethys alleging a default under, and purporting to terminate, the Partnership’s contract with Tethys for crude oil services at the Partnership’s Oregon facility. However, the Partnership does not believe Tethys had the right to terminate the contract, and the Partnership will continue to investigate and determine the appropriate action to take to enforce its rights under the agreement. On March 26, 2015, the Partnership received a Notice of Non-Compliance (“NON”) from the Massachusetts Department of Environmental Protection (“DEP”) with respect to the Revere terminal (the “Revere Terminal”) located in Boston Harbor in Revere, Massachusetts, alleging certain violations of the National Pollutant Discharge Elimination System Permit (“NPDES Permit”) related to storm water discharges. The NON required the Partnership to submit a plan to remedy the reported violations of the NPDES Permit. The Partnership has responded to the NON with a plan and has implemented modifications to the storm water management system at the Revere Terminal in accordance with the plan. The Partnership has requested that the DEP acknowledge completion of the required modifications to the storm water management system in satisfaction of the NON. While no response has yet been received, the Partnership believes that compliance with the NON has been achieved, and implementation of the plan will have no material impact on its operations. The Partnership received letters from the EPA dated November 2, 2011 and March 29, 2012, containing requirements and testing orders (collectively, the “Requests for Information”) for information under the CAA. The Requests for Information were part of an EPA investigation to determine whether the Partnership has violated sections of the CAA at certain of its terminal locations in New England with respect to residual oil and asphalt. On June 6, 2014, a NOV was received from the EPA, alleging certain violations of its Air Emissions License issued by the Maine Department of Environmental Protection, based upon the test results at the South Portland, Maine terminal. The Partnership met with and provided additional information to the EPA with respect to the alleged violations. On April 7, 2015, the EPA issued a Supplemental Notice of Violation (the “Supplemental NOV”) modifying the allegations of violations of the terminal’s Air Emissions License. The Partnership has responded to the Supplemental NOV and is engaged in further negotiations with the EPA. A tolling agreement was executed with the United States on December 1, 2015, which has currently been extended through December 31, 2018. While the Partnership does not believe that a material violation has occurred, and it contests the allegations presented in the NOV and Supplemental NOV, the Partnership does not believe any adverse determination in connection with the NOV would have a material impact on its operations.

New Accounting Standards

New Accounting Standards	9 Months Ended
	Sep. 30, 2018
New Accounting Standards
New Accounting Standards	Note 22. New Accounting Standards There have been no developments to recently issued accounting standards, including the expected dates of adoption and estimated effects on the Partnership’s consolidated financial statements, from those disclosed in the Partnership’s 2017 Annual Report on Form 10-K, except for the following: Accounting Standards or Updates Recently Adopted In May 2017, the FASB issued ASU 2017-09, “ Compensation–Stock Compensation: Scope of Modification Accounting.” This standard clarifies that modification accounting for share-based payment awards should not be applied if the fair value, vesting conditions, and the classification of the modified award as an equity instrument or as a liability instrument are the same before and immediately after the modification. This standard is effective for annual periods beginning after December 15, 2017 and interim periods within those annual periods. Adoption will be applied prospectively to awards modified on or after the adoption date. The Partnership adopted this standard on January 1, 2018. The adoption of this standard did not have a material impact on the Partnership’s consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, “Business Combinations: Clarifying the Definition of a Business.” This standard clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. This standard is effective for annual periods beginning after December 15, 2017 and interim periods within those annual periods. The Partnership adopted this standard on January 1, 2018. The adoption of this standard did not have a material impact on the Partnership’s consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments.” This standard reduces diversity in practice in how certain transactions are classified in the statement of cash flows by addressing eight specific cash receipt and cash payment issues. This standard is effective for annual periods beginning after December 15, 2017 and interim periods within those annual periods, with early adoption permitted. The Partnership adopted this standard on January 1, 2018. The adoption of this standard did not have a material impact on the Partnership’s consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments - Recognition and Measurement of Financial Assets and Financial Liabilities”. This standard revises the classification and measurement of investments in certain equity investments and the presentation of certain fair value changes for certain financial liabilities measured at fair value. This standard also requires the change in fair value of many equity investments to be recognized in net income. This standard is effective for interim and annual periods beginning after December 15, 2017, with early adoption permitted. The Partnership adopted this standard on January 1, 2018. The adoption of this standard did not have a material impact on the Partnership’s consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” and has modified the standard thereafter, now codified as ASC 606. ASC 606 supersedes previous revenue recognition requirements in ASC 605, includes a five-step revenue recognition model to depict the transfer of goods or services to customers in an amount that reflects the consideration to which entities expect to be entitled in exchange for those goods or services and expands disclosure requirements. ASC 606 became effective for annual reporting periods beginning January 1, 2018, at which point the Partnership adopted the standard. The adoption of this standard did not have a material impact on the recognition of revenue on the Partnership’s consolidated financial statements as it did not materially impact the timing or measurement of the Partnership’s revenue recognition. The Partnership adopted the standard using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Partnership’s historical accounting under ASC 605. See Note 2 for additional information. Accounting Standards or Updates Not Yet Effective In August 2018, the FASB issued ASU 2018-13, “Changes to the Disclosure Requirements for Fair Value Measurement,” which amends existing guidance on disclosure requirements for fair value measurements. This standard requires prospective application on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty. The effects of other amendments must be applied retrospectively to all periods presented. This standard is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years, with early adoption permitted. The Partnership is assessing the impact this standard will have on its consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities.” This standard expands and refines hedge accounting for both financial and non-financial risk components, aligns the recognition and presentation of the effects of hedging instruments and hedge items in the financial statements, and includes certain targeted improvements to ease the application of current guidance related to the assessment of hedge effectiveness. This standard is effective for annual periods beginning after December 15, 2018 and interim periods within those annual periods, and early adoption is permitted. The Partnership is assessing the impact this standard will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases,” and has modified the standard thereafter through a series of amendments. This standard amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. This standard is effective beginning in the first quarter of 2019. Early adoption of this standard is permitted. The standard allows for two adoption methods, a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief, and an option to apply the transition provisions of the new standard at its adoption date instead of at the earliest comparative period presented in the financial statements. The Partnership continues to evaluate the impact of this standard on its financial statements and disclosures, internal controls and accounting policies. The Partnership believes that the new standard will have a material impact on its consolidated balance sheet. The evaluation process includes reviewing all forms of leases, performing a completeness assessment over the lease population and analyzing the practical expedients in order to determine the best path of implementing changes to existing processes and controls.

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2018
Subsequent Event Abstract
Subsequent Event	Note 23. Subsequent Events Distribution to Common Unitholders —On October 26, 2018, the board of directors of the General Partner declared a quarterly cash distribution of $0.4750 per unit ($1.90 per unit on an annualized basis) for the period from July 1, 2018 through September 30, 2018. On November 14, 2018, the Partnership will pay this cash distribution to its common unitholders of record as of the close of business on November 9, 2018. Distribution to Preferred Unitholders — On October 23, 2018, the board of directors of the General Partner declared the initial quarterly cash distribution of $0.6635 per unit on the Series A Preferred Units, covering the period from August 7, 2018 (the issuance date of the Series A Preferred Units) through November 14, 2018. This distribution will be payable on November 15, 2018 to holders of record as of the opening of business on November 1, 2018.

Supplemental Guarantor Condense

Supplemental Guarantor Condensed Consolidating Financial Statements	9 Months Ended
	Sep. 30, 2018
Supplemental Guarantor Condensed Consolidating Financial Statements
Supplemental Guarantor Condensed Consolidating Financial Statements	Note 24. Supplemental Guarantor Condensed Consolidating Financial Statements The Partnership’s wholly owned subsidiaries, other than GLP Finance, are guarantors of senior notes issued by the Partnership and GLP Finance. As such, the Partnership is subject to the requirements of Rule 3-10 of Regulation S-X of the SEC regarding financial statements of guarantors and issuers of registered guaranteed securities. The Partnership presents condensed consolidating financial information for its subsidiaries within the notes to consolidated financial statements in accordance with the criteria established for parent companies in the SEC’s Regulation S-X, Rule 3-10(d). The following condensed consolidating financial information presents the Condensed Consolidating Balance Sheets as of September 30, 2018 and December 31, 2017, the Condensed Consolidating Statements of Operations for the three and nine months ended September 30, 2018 and 2017 and the Condensed Consolidating Statements of Cash Flows for the nine months ended September 30, 2018 and 2017 of the Partnership’s 100% owned guarantor subsidiaries, the non-guarantor subsidiary and the eliminations necessary to arrive at the information for the Partnership on a consolidated basis. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions. Condensed Consolidating Balance Sheet September 30, 2018 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 11,281 $ 1,170 $ — $ 12,451 Accounts receivable, net 407,467 7 63 407,537 Accounts receivable - affiliates 5,310 63 (63) 5,310 Inventories 481,457 — — 481,457 Brokerage margin deposits 15,226 — — 15,226 Derivative assets 7,281 — — 7,281 Prepaid expenses and other current assets 89,435 164 — 89,599 Total current assets 1,017,457 1,404 — 1,018,861 Property and equipment, net 1,105,406 4,486 — 1,109,892 Intangible assets, net 62,221 — — 62,221 Goodwill 352,550 — — 352,550 Other assets 31,806 — — 31,806 Total assets $ 2,569,440 $ 5,890 $ — $ 2,575,330 Liabilities and partners’ equity Current liabilities: Accounts payable $ 336,477 $ 53 $ — $ 336,530 Accounts payable - affiliates (34) 34 — — Working capital revolving credit facility - current portion 307,700 — — 307,700 Environmental liabilities - current portion 5,001 — — 5,001 Trustee taxes payable 37,734 — — 37,734 Accrued expenses and other current liabilities 97,209 168 — 97,377 Derivative liabilities 13,944 — — 13,944 Total current liabilities 798,031 255 — 798,286 Working capital revolving credit facility - less current portion 100,000 — — 100,000 Revolving credit facility 244,200 — — 244,200 Senior notes 663,775 — — 663,775 Environmental liabilities - less current portion 60,320 — — 60,320 Financing obligations 150,132 — — 150,132 Deferred tax liabilities 38,563 — — 38,563 Other long-term liabilities 53,572 — — 53,572 Total liabilities 2,108,593 255 — 2,108,848 Partners' equity Global Partners LP equity 460,847 3,412 — 464,259 Noncontrolling interest — 2,223 — 2,223 Total partners' equity 460,847 5,635 — 466,482 Total liabilities and partners' equity $ 2,569,440 $ 5,890 $ — $ 2,575,330 Condensed Consolidating Balance Sheet December 31, 2017 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 13,035 $ 1,823 $ — $ 14,858 Accounts receivable, net 416,974 218 71 417,263 Accounts receivable - affiliates 3,773 71 (71) 3,773 Inventories 350,743 — — 350,743 Brokerage margin deposits 9,681 — — 9,681 Derivative assets 3,840 — — 3,840 Prepaid expenses and other current assets 77,889 88 — 77,977 Total current assets 875,935 2,200 — 878,135 Property and equipment, net 1,029,864 6,803 — 1,036,667 Intangible assets, net 56,545 — — 56,545 Goodwill 312,401 — — 312,401 Other assets 36,421 — — 36,421 Total assets $ 2,311,166 $ 9,003 $ — $ 2,320,169 Liabilities and partners' equity Current liabilities: Accounts payable $ 313,265 $ 147 $ — $ 313,412 Accounts payable - affiliates (148) 148 — — Working capital revolving credit facility - current portion 126,700 — — 126,700 Environmental liabilities - current portion 5,009 — — 5,009 Trustee taxes payable 110,321 — — 110,321 Accrued expenses and other current liabilities 99,288 219 — 99,507 Derivative liabilities 13,708 — — 13,708 Total current liabilities 668,143 514 — 668,657 Working capital revolving credit facility - less current portion 100,000 — — 100,000 Revolving credit facility 196,000 — — 196,000 Senior notes 661,774 — — 661,774 Environmental liabilities - less current portion 52,968 — — 52,968 Financing obligations 150,334 — — 150,334 Deferred tax liabilities 40,105 — — 40,105 Other long-term liabilities 56,013 — — 56,013 Total liabilities 1,925,337 514 — 1,925,851 Partners' equity Global Partners LP equity 385,829 5,124 — 390,953 Noncontrolling interest — 3,365 — 3,365 Total partners' equity 385,829 8,489 — 394,318 Total liabilities and partners' equity $ 2,311,166 $ 9,003 $ — $ 2,320,169 Condensed Consolidating Statement of Operations Three Months Ended September 30, 2018 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Eliminations Consolidated Sales $ 3,468,748 $ 230 $ (143) $ 3,468,835 Cost of sales 3,333,316 688 (143) 3,333,861 Gross profit (loss) 135,432 (458) — 134,974 Costs and operating expenses: Selling, general and administrative expenses 42,026 101 — 42,127 Operating expenses 83,376 400 — 83,776 Lease exit and termination gain (3,506) — — (3,506) Amortization expense 3,079 — — 3,079 Net loss on sale and disposition of assets 940 — — 940 Goodwill and long-lived asset impairment 414 — — 414 Total costs and operating expenses 126,329 501 — 126,830 Operating income (loss) 9,103 (959) — 8,144 Interest expense (22,579) — — (22,579) Loss before income tax expense (13,476) (959) — (14,435) Income tax expense (29) — — (29) Net loss (13,505) (959) — (14,464) Net loss attributable to noncontrolling interest — 384 — 384 Net loss attributable to Global Partners LP (13,505) (575) — (14,080) Less: General partners' interest in net loss, including incentive distribution rights (27) — — (27) Less: Series A preferred limited partner interest in net income 1,009 — — 1,009 Net loss attributable to common limited partners $ (14,487) $ (575) $ — $ (15,062) Condensed Consolidating Statement of Operations Three Months Ended September 30, 2017 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Eliminations Consolidated Sales $ 2,159,174 $ 645 $ (73) $ 2,159,746 Cost of sales 2,008,467 1,258 (73) 2,009,652 Gross profit (loss) 150,707 (613) — 150,094 Costs and operating expenses: Selling, general and administrative expenses 40,049 85 — 40,134 Operating expenses 69,991 347 — 70,338 Amortization expense 2,260 — — 2,260 Net loss on sale and disposition of assets 2,190 — — 2,190 Goodwill and long-lived asset impairment 809 — — 809 Total costs and operating expenses 115,299 432 — 115,731 Operating income (loss) 35,408 (1,045) — 34,363 Interest expense (20,626) — — (20,626) Income (loss) before income tax benefit 14,782 (1,045) — 13,737 Income tax benefit 723 — — 723 Net income (loss) 15,505 (1,045) — 14,460 Net loss attributable to noncontrolling interest — 418 — 418 Net income (loss) attributable to Global Partners LP 15,505 (627) — 14,878 Less: General partners' interest in net income, including incentive distribution rights 100 — — 100 Less: Series A preferred limited partner interest in net income — — — — Net income (loss) attributable to common limited partners $ 15,405 $ (627) $ — $ 14,778 Condensed Consolidating Statement of Operations Nine Months Ended September 30, 2018 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Eliminations Consolidated Sales $ 9,397,696 $ 923 $ (318) $ 9,398,301 Cost of sales 8,967,733 2,321 (318) 8,969,736 Gross profit 429,963 (1,398) — 428,565 Costs and operating expenses: Selling, general and administrative expenses 121,154 293 — 121,447 Operating expenses 232,880 1,163 — 234,043 Gain on trustee taxes (52,627) — — (52,627) Lease exit and termination gain (3,506) — — (3,506) Amortization expense 7,984 — — 7,984 Net gain on sale and disposition of assets 5,840 — — 5,840 Goodwill and long-lived asset impairment 414 — — 414 Total costs and operating expenses 312,139 1,456 — 313,595 Operating income (loss) 117,824 (2,854) — 114,970 Interest expense (65,637) — — (65,637) Income (loss) before income tax benefit 52,187 (2,854) — 49,333 Income tax benefit 900 — — 900 Net income (loss) 53,087 (2,854) — 50,233 Net loss attributable to noncontrolling interest — 1,142 — 1,142 Net income (loss) attributable to Global Partners LP 53,087 (1,712) — 51,375 Less: General partners' interest in net income, including incentive distribution rights 479 — — 479 Less: Series A preferred limited partner interest in net income 1,009 — — 1,009 Net income (loss) attributable to common limited partners $ 51,599 $ (1,712) $ — $ 49,887 Condensed Consolidating Statement of Operations Nine Months Ended September 30, 2017 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Eliminations Consolidated Sales $ 6,518,172 $ 2,248 $ (360) $ 6,520,060 Cost of sales 6,091,125 3,812 (360) 6,094,577 Gross profit (loss) 427,047 (1,564) — 425,483 Costs and operating expenses: Selling, general and administrative expenses 111,280 320 — 111,600 Operating expenses 207,483 1,237 — 208,720 Amortization expense 6,781 — — 6,781 Net gain on sale and disposition of assets (7,274) (17) — (7,291) Goodwill and long-lived asset impairment 809 — — 809 Total costs and operating expenses 319,079 1,540 — 320,619 Operating income (loss) 107,968 (3,104) — 104,864 Interest expense (65,836) — — (65,836) Income (loss) before income tax expense 42,132 (3,104) — 39,028 Income tax expense (72) — — (72) Net income (loss) 42,060 (3,104) — 38,956 Net loss attributable to noncontrolling interest — 1,242 — 1,242 Net income (loss) attributable to Global Partners LP 42,060 (1,862) — 40,198 Less: General partners' interest in net income, including incentive distribution rights 270 — — 270 Less: Series A preferred limited partner interest in net income — — — — Net income (loss) attributable to common limited partners $ 41,790 $ (1,862) $ — $ 39,928 Condensed Consolidating Statement Cash Flows Nine Months Ended September 30, 2018 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Consolidated Cash flows from operating activities Net cash used in operating activities $ (45,249) $ (653) $ (45,902) Cash flows from investing activities Acquisitions (171,824) — (171,824) Capital expenditures (43,461) — (43,461) Seller note issuances (3,062) — (3,062) Proceeds from sale of property and equipment 14,930 — 14,930 Net cash used in investing activities (203,417) — (203,417) Cash flows from financing activities Net proceeds from issuance of Series A preferred units 66,366 — 66,366 Net borrowings from working capital revolving credit facility 181,000 — 181,000 Net borrowings from on revolving credit facility 48,200 — 48,200 LTIP units withheld for tax obligations (806) — (806) Distributions to partners (47,848) — (47,848) Net cash provided by financing activities 246,912 — 246,912 Cash and cash equivalents Decrease in cash and cash equivalents (1,754) (653) (2,407) Cash and cash equivalents at beginning of period 13,035 1,823 14,858 Cash and cash equivalents at end of period $ 11,281 $ 1,170 $ 12,451 Condensed Consolidating Statement Cash Flows Nine Months Ended September 30, 2017 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Consolidated Cash flows from operating activities Net cash provided by operating activities $ 361,387 $ 1,054 $ 362,441 Cash flows from investing activities Capital expenditures (31,646) — (31,646) Proceeds from sale of property and equipment 29,784 20 29,804 Net cash (used in) provided by investing activities (1,862) 20 (1,842) Cash flows from financing activities Net payments on working capital revolving credit facility (285,400) — (285,400) Net payments on revolving credit facility (26,700) — (26,700) LTIP units withheld for tax obligations (516) — (516) Noncontrolling interest capital contribution 279 — 279 Distribution to noncontrolling interest — (465) (465) Distributions to partners (46,970) — (46,970) Net cash used in financing activities (359,307) (465) (359,772) Cash and cash equivalents Increase in cash and cash equivalents 218 609 827 Cash and cash equivalents at beginning of period 9,373 655 10,028 Cash and cash equivalents at end of period $ 9,591 $ 1,264 $ 10,855 .

Organization and Basis of Pre_2

Organization and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2018
Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The financial results of Cheshire and Champlain since the respective acquisition date are included in the accompanying statements of operations for the three and nine months ended September 30, 2018. The accompanying consolidated financial statements as of September 30, 2018 and December 31, 2017 and for the three and nine months ended September 30, 2018 and 2017 reflect the accounts of the Partnership. Upon consolidation, all intercompany balances and transactions have been eliminated. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and reflect all adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of the financial condition and operating results for the interim periods. The interim financial information, which has been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”), should be read in conjunction with the consolidated financial statements for the year ended December 31, 2017 and notes thereto contained in the Partnership’s Annual Report on Form 10-K. The significant accounting policies described in Note 2, “Summary of Significant Accounting Policies,” of such Annual Report on Form 10-K are the same used in preparing the accompanying consolidated financial statements, except as described below for trustee taxes and in Note 2 herein for the adoption of Accounting Standard Update (“ASU”) 2014-09, “Revenue from Contracts with Customers,” including modifications to that standard thereafter, and now codified as Accounting Standards Codification 606 (“ASC 606”) which the Partnership adopted on January 1, 2018 (see Note 22, New Accounting Standards—“Accounting Standards or Updates Recently Adopted” for additional information). The results of operations for the three and nine months ended September 30, 2018 are not necessarily indicative of the results of operations that will be realized for the entire year ending December 31, 2018. The consolidated balance sheet at December 31, 2017 has been derived from the audited consolidated financial statements included in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2017.
Trustee Taxes	Trustee Taxes The Partnership collects trustee taxes, which consist of various pass through taxes collected on behalf of taxing authorities, and remits such taxes directly to those taxing authorities. Examples of trustee taxes include, among other things, motor fuel excise tax and sales and use tax. As such, it is the Partnership’s policy to exclude trustee taxes from revenues and cost of sales and account for them as current liabilities. Volumetric Ethanol Excise Tax Credit— In the first quarter of 2018, the Partnership recognized a one-time income item of approximately $52.6 million as a result of the extinguishment of a contingent liability related to the Volumetric Ethanol Excise Tax Credit, which tax credit program expired in 2011. Based upon the significant passage of time from that 2011 expiration date, including underlying statutes of limitation, as of January 31, 2018 the Partnership determined that the liability was no longer required. The liability had historically been included in trustee taxes in the accompanying consolidated balance sheets. The recognition of this one-time income item, which is included in gain on trustee taxes in the accompanying consolidated statements of operations for the nine months ended September 30, 2018, did not impact cash flows from operations for the nine months ended September 30, 2018 and will not impact cash flows from operations for the year ending December 31, 2018.
Lease Exit and Termination Gain	Lease Exit and Termination Gain In December 2016, the Partnership voluntarily terminated early a sublease with a counterparty for 1,610 railcars and, as result, recognized a lease exit and termination expense of $80.7 million for the year ended December 31, 2016. Contemporaneously with the sublease termination, the Partnership entered into to a fleet management services agreement with the counterparty, pursuant to which the Partnership was obligated to provide future railcar storage, freight, cleaning, insurance and other services on behalf of the counterparty associated with all 1,610 railcars. In January 2017, the counterparty paid the Partnership $19.1 million to cover the incremental costs associated with the Partnership’s obligations. The Partnership accrued the incremental costs associated with its obligations at present value based on the estimated timing of when the costs would be incurred in the future. Please read “Summary of Significant Accounting Policies—Leases— Early Termination of Railcar Sublease,” in Note 2 of Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2017 for additional information. During the quarter ended September 30, 2018, the Partnership was released from certain of its obligations to provide future railcar storage, freight, insurance and other services for 500 railcars under the fleet management services agreement. The release resulted in a $3.5 million reduction of the remaining accrued incremental costs, which benefit is included in lease exit and termination gain in the accompanying statements of operations for the three and nine months ended September 30, 2018. The remaining accrued incremental costs were $6.6 million at September 30, 2018.
Noncontrolling Interest	Noncontrolling Interest The Partnership acquired a 60% interest in Basin Transload, LLC (“Basin Transload”) on February 1, 2013. After evaluating Accounting Standards Codification (“ASC”) Topic 810, “Consolidations,” the Partnership concluded it is appropriate to consolidate the balance sheet and statements of operations of Basin Transload based on an evaluation of the outstanding voting interests. Amounts pertaining to the noncontrolling ownership interest held by third parties in the financial position and operating results of the Partnership are reported as a noncontrolling interest in the accompanying consolidated balance sheets and statements of operations.
Concentration of Risk	Concentration of Risk Due to the nature of the Partnership’s business and its reliance, in part, on consumer travel and spending patterns, the Partnership may experience more demand for gasoline during the late spring and summer months than during the fall and winter. Travel and recreational activities are typically higher in these months in the geographic areas in which the Partnership operates, increasing the demand for gasoline. Therefore, the Partnership’s volumes in gasoline are typically higher in the second and third quarters of the calendar year. As demand for some of the Partnership’s refined petroleum products, specifically home heating oil and residual oil for space heating purposes, is generally greater during the winter months, heating oil and residual oil volumes are generally higher during the first and fourth quarters of the calendar year. These factors may result in fluctuations in the Partnership’s quarterly operating results. The following table presents the Partnership’s product sales and other revenues as a percentage of the consolidated sales for the periods presented: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Gasoline sales: gasoline and gasoline blendstocks (such as ethanol) 82 % 71 % 75 % 65 % Crude oil sales and crude oil logistics revenue — % 5 % 1 % 6 % Distillates (home heating oil, diesel and kerosene), residual oil and propane sales 14 % 20 % 21 % 25 % Convenience store sales, rental income and sundries 4 % 4 % 3 % 4 % Total 100 % 100 % 100 % 100 % The following table presents the Partnership’s product margin by segment as a percentage of the consolidated product margin for the periods presented: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Wholesale segment 2 % 21 % 18 % 24 % Gasoline Distribution and Station Operations segment 95 % 76 % 79 % 73 % Commercial segment 3 % 3 % 3 % 3 % Total 100 % 100 % 100 % 100 % See Note 16, “Segment Reporting,” for additional information on the Partnership’s operating segments. None of the Partnership’s customers accounted for greater than 10% of total sales for the three and nine months ended September 30, 2018 and 2017. .

Organization and Basis of Pre_3

Organization and Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2018
Product Margin [Member]
Concentration Risk [Line Items]
Schedule of revenues and product margin as a percentage of the consolidated total	Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Wholesale segment 2 % 21 % 18 % 24 % Gasoline Distribution and Station Operations segment 95 % 76 % 79 % 73 % Commercial segment 3 % 3 % 3 % 3 % Total 100 % 100 % 100 % 100 %
Sales Revenue, Product Line [Member]
Concentration Risk [Line Items]
Schedule of revenues and product margin as a percentage of the consolidated total	Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Gasoline sales: gasoline and gasoline blendstocks (such as ethanol) 82 % 71 % 75 % 65 % Crude oil sales and crude oil logistics revenue — % 5 % 1 % 6 % Distillates (home heating oil, diesel and kerosene), residual oil and propane sales 14 % 20 % 21 % 25 % Convenience store sales, rental income and sundries 4 % 4 % 3 % 4 % Total 100 % 100 % 100 % 100 %

Adoption of ASC 606, Revenue _2

Adoption of ASC 606, Revenue from Contract Customers (Tables)	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Schedule of disaggregation of revenue of contracts with customers by segment	Three Months Ended September 30, 2018 Revenue from contracts with customers: Wholesale GDSO Commercial Total Refined petroleum products, renewable fuels, crude oil and propane $ 331,012 $ 1,110,529 $ 212,368 $ 1,653,909 Station operations — 106,366 — 106,366 Total revenue from contracts with customers 331,012 1,216,895 212,368 1,760,275 Other sales: Revenue originating as physical forward contracts and exchanges 1,558,138 — 131,804 1,689,942 Revenue from leases 503 18,115 — 18,618 Total other sales 1,558,641 18,115 131,804 1,708,560 Total sales $ 1,889,653 $ 1,235,010 $ 344,172 $ 3,468,835 Nine Months Ended September 30, 2018 Revenue from contracts with customers: Wholesale GDSO Commercial Total Refined petroleum products, renewable fuels, crude oil and propane $ 1,091,627 $ 3,088,906 $ 574,588 $ 4,755,121 Station operations — 259,373 — 259,373 Total revenue from contracts with customers 1,091,627 3,348,279 574,588 5,014,494 Other sales: Revenue originating as physical forward contracts and exchanges 3,968,816 — 360,401 4,329,217 Revenue from leases 1,508 53,082 — 54,590 Total other sales 3,970,324 53,082 360,401 4,383,807 Total sales $ 5,061,951 $ 3,401,361 $ 934,989 $ 9,398,301

Net (Loss) Income Per Common _2

Net (Loss) Income Per Common Limited Partner Unit (Tables)	9 Months Ended
	Sep. 30, 2018
Net Income Per Common Limited Partner Unit
Schedule of reconciliation of net income and the assumed allocation of net income (loss) to the limited partners' interest for purposes of computing net income per limited partner unit (in thousands, except per unit data)	Three Months Ended September 30, 2018 Three Months Ended September 30, 2017 Common General Common General Limited Partner Limited Partner Numerator: Total Partners Interest IDRs Total Partners Interest IDRs Net (loss) income attributable to Global Partners LP $ (14,080) $ (14,053) $ (27) $ — $ 14,878 $ 14,778 $ 100 $ — Declared distribution $ 16,325 $ 16,149 $ 109 $ 67 $ 15,829 $ 15,723 $ 106 $ — Assumed allocation of undistributed net loss (30,405) (30,202) (203) — (951) (945) (6) — Assumed allocation of net (loss) income $ (14,080) $ (14,053) $ (94) $ 67 $ 14,878 $ 14,778 $ 100 $ — Less net income attributable to Series A preferred limited partners 1,009 — Net (loss) income attributable to common limited partners $ (15,062) $ 14,778 Denominator: Basic weighted average common units outstanding 34,114 33,644 Dilutive effect of phantom units — 301 Diluted weighted average common units outstanding 34,114 33,945 Basic net (loss) income per common limited partner unit $ (0.44) $ 0.44 Diluted net income per common limited partner unit (1) $ (0.44) $ 0.44 (1) Basic common limited partner units were used to calculate diluted earnings per common limited partner unit for the three months ended September 30, 2018, as using the effects of phantom units would have an anti-dilutive effect. Nine Months Ended September 30, 2018 Nine Months Ended September 30, 2017 Common General Common General Limited Partner Limited Partner Numerator: Total Partners Interest IDRs Total Partners Interest IDRs Net income attributable to Global Partners LP $ 51,375 $ 50,896 $ 479 $ — $ 40,198 $ 39,928 $ 270 $ — Declared distribution $ 48,479 $ 48,021 $ 324 $ 134 $ 47,487 $ 47,169 $ 318 $ — Assumed allocation of undistributed net income (loss) 2,896 2,875 21 — (7,289) (7,241) (48) — Assumed allocation of net income $ 51,375 $ 50,896 $ 345 $ 134 $ 40,198 $ 39,928 $ 270 $ — Less net income attributable to Series A preferred limited partners 1,009 — Net income attributable to common limited partners $ 49,887 $ 39,928 Denominator: Basic weighted average common units outstanding 33,680 33,570 Dilutive effect of phantom units 214 269 Diluted weighted average common units outstanding 33,894 33,839 Basic net income per common limited partner unit $ 1.48 $ 1.19 Diluted net income per common limited partner unit $ 1.47 $ 1.18
Schedule of quarterly cash distributions	Per Unit Cash Distribution Declared for the Cash Distribution Declaration Date Distribution Declared Quarterly Period Ended April 27, 2018 $ 0.4625 March 31, 2018 July 27, 2018 $ 0.4750 June 30, 2018 October 26, 2018 $ 0.4750 September 30, 2018

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2018
Inventories
Schedule of inventories (in thousands)	September 30, December 31, 2018 2017 Distillates: home heating oil, diesel and kerosene $ 167,995 $ 183,059 Gasoline 199,796 81,504 Gasoline blendstocks 45,491 26,789 Crude oil 16,685 10,809 Residual oil 28,664 28,442 Propane and other 1,048 1,659 Renewable identification numbers (RINs) 593 380 Convenience store inventory 21,185 18,101 Total $ 481,457 $ 350,743

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2018
Goodwill and Intangible Assets
Schedule of changes in goodwill by segment (in thousands)	Balance at December 31, 2017 $ 312,401 Acquisition of Cheshire (1) 5,853 Acquisition of Champlain (1) 37,580 Acquisition of Honey Farms—change in goodwill (1) (139) Dispositions (2) (3,145) Balance at September 30, 2018 $ 352,550 (1) See Note 17 for information on the Partnership’s business combinations. (2) Dispositions represent derecognition of goodwill associated with the sale and disposition of certain assets. See Note 7 .

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2018
Property and Equipment
Schedule of components of property and equipment (in thousands)	September 30, December 31, 2018 2017 Buildings and improvements $ 1,126,585 $ 1,015,386 Land 424,916 409,146 Fixtures and equipment 43,540 42,959 Idle plant assets 30,500 30,500 Construction in process 26,739 22,403 Capitalized internal use software 30,870 30,626 Total property and equipment 1,683,150 1,551,020 Less accumulated depreciation 573,258 514,353 Total $ 1,109,892 $ 1,036,667

Sale and Disposition of Assets

Sale and Disposition of Assets (Tables)	9 Months Ended
	Sep. 30, 2018
Sale and Disposition of Assets
Schedule of (gain) loss on sale and dispositions of assets (in thousands)	Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Sale of natural gas brokerage and electricity businesses $ — $ — $ — $ (14,172) Periodic divestiture of gasoline stations 40 77 (183) 253 Strategic asset divestiture program (168) 375 987 825 Loss on assets held for sale 1,056 1,571 4,590 5,010 Other 12 167 446 793 Total $ 940 $ 2,190 $ 5,840 $ (7,291)

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2018
Derivative Financial Instruments
Schedule of notional values of derivative instruments	Units (1) Unit of Measure Exchange-Traded Derivatives Long 58,471 Thousands of barrels Short (63,076) Thousands of barrels OTC Derivatives (Petroleum/Ethanol) Long 8,879 Thousands of barrels Short (6,639) Thousands of barrels Interest Rate Swap $ 100.0 Millions of U.S. dollars (1) Number of open positions and gross notional values do not measure the Partnership’s risk of loss, quantify risk or represent assets or liabilities of the Partnership, but rather indicate the relative size of the derivative instruments and are used in the calculation of the amounts to be exchanged between counterparties upon settlements.
Schedule of net gains and losses from derivatives recognized in consolidated statements of operations (in thousands)	Statement of Gain (Loss) Three Months Ended Nine Months Ended Recognized in Income on September 30, September 30, Derivatives 2018 2017 2018 2017 Derivatives in fair value hedging relationship Exchange-traded futures contracts and OTC derivative contracts for petroleum commodity products Cost of sales $ (12,776) $ (3,930) $ (22,507) $ 36,990 Hedged items in fair value hedge relationship Physical inventory Cost of sales $ 12,786 $ 4,370 $ 24,160 $ (37,412)
Schedule of the amount of gains and losses from derivatives not involved in a fair value hedging relationship or in a hedging relationship recognized in the consolidated statements of income (in thousands)	Statement of Gain (Loss) Three Months Ended Nine Months Ended Derivatives not designated as Recognized in September 30, September 30, hedging instruments Income on Derivatives 2018 2017 2018 2017 Commodity contracts Cost of sales $ (1,162) $ 6,470 $ 2,411 $ 9,212
Schedule of fair values of derivative instruments and location in consolidated balance sheets (in thousands)	September 30, 2018 Derivatives Derivatives Not Designated as Designated as Hedging Hedging Balance Sheet Location Instruments Instruments Total Asset Derivatives: Exchange-traded derivative contracts Broker margin deposits $ — $ 41,477 $ 41,477 Interest rate swaps Prepaid expenses and other current assets — 22 22 Forward derivative contracts (1) Derivative assets — 7,281 7,281 Total asset derivatives $ — $ 48,780 $ 48,780 Liability Derivatives: Exchange-traded derivative contracts Broker margin deposits $ (6,792) $ (50,993) $ (57,785) Forward derivative contracts (1) Derivative liabilities — (13,944) (13,944) Total liability derivatives $ (6,792) $ (64,937) $ (71,729) December 31, 2017 Derivatives Derivatives Not Designated as Designated as Hedging Hedging Balance Sheet Location Instruments Instruments Total Asset Derivatives: Exchange-traded derivative contracts Broker margin deposits $ — $ 32,483 $ 32,483 Forward derivative contracts (1) Derivative assets — 3,840 3,840 Total asset derivatives $ — $ 36,323 $ 36,323 Liability Derivatives: Exchange-traded derivative contracts Broker margin deposits $ (7,214) $ (63,869) $ (71,083) Forward derivative contracts (1) Derivative liabilities — (13,708) (13,708) Interest rate swap contracts Other long-term liabilities — (134) (134) Total liability derivatives $ (7,214) $ (77,711) $ (84,925) (1) Forward derivative contracts include the Partnership’s petroleum and ethanol physical and financial forwards and OTC swaps.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2018
Fair Value Measurements
Schedule of financial assets and financial liabilities measured at fair value on a recurring basis (in thousands)	Fair Value at September 30, 2018 Cash Collateral Level 1 Level 2 Level 3 Netting Total Assets: Forward derivative contracts (1) $ — $ 5,426 $ 1,855 $ — $ 7,281 Interest rate swaps — 22 — — 22 Exchange-traded/cleared derivative instruments (2) (16,308) — — 31,534 15,226 Pension plans 18,065 — — — 18,065 Total assets $ 1,757 $ 5,448 $ 1,855 $ 31,534 $ 40,594 Liabilities: Forward derivative contracts (1) $ — $ (12,109) $ (1,835) $ — $ (13,944) Fair Value at December 31, 2017 Cash Collateral Level 1 Level 2 Level 3 Netting Total Assets: Forward derivative contracts (1) $ — $ 3,207 $ 633 $ — $ 3,840 Exchange-traded/cleared derivative instruments (2) (38,600) — — 48,281 9,681 Pension plans 17,580 — — — 17,580 Total assets $ (21,020) $ 3,207 $ 633 $ 48,281 $ 31,101 Liabilities: Forward derivative contracts (1) $ — $ (12,671) $ (1,037) $ — $ (13,708) Interest rate swaps — (134) — — (134) Total liabilities $ — $ (12,805) $ (1,037) $ — $ (13,842) (1) Forward derivative contracts include the Partnership’s petroleum and ethanol physical and financial forwards and OTC swaps. (2) Amount includes the effect of cash balances on deposit with clearing brokers.
Carrying value and fair value of the Partnership’s senior notes (in thousands)	September 30, 2018 December 31, 2017 Face Fair Face Fair Value Value Value Value 6.25% senior notes $ 375,000 $ 372,187 $ 375,000 $ 383,906 7.00% senior notes $ 300,000 $ 305,250 $ 300,000 $ 308,250
Schedule of sensitivity of fair value measurement to changes in significant unobservable inputs	Significant Impact on Fair Value Unobservable Input Position Change to Input Measurement Location basis Long Increase (decrease) Gain (loss) Location basis Short Increase (decrease) Loss (gain) Transportation Long Increase (decrease) Gain (loss) Transportation Short Increase (decrease) Loss (gain) Throughput costs Long Increase (decrease) Gain (loss) Throughput costs Short Increase (decrease) Loss (gain)
Summary of the changes in fair value of Level 3 financial assets and liabilities (in thousands)	Fair value at December 31, 2017 $ (404) Derivatives entered into during the period 1,043 Derivatives sold during the period (1,032) Realized gains (losses) recorded in cost of sales (494) Unrealized gains (losses) recorded in cost of sales 907 Fair value at September 30, 2018 $ 20

Environmental Liabilities and_2

Environmental Liabilities and RINs (Tables)	9 Months Ended
	Sep. 30, 2018
Environmental Liabilities and Renewable Identification Numbers (RINs)
Summary roll forward of the environmental liabilities (in thousands)	Balance at Other Balance at December 31, Additions Payments Dispositions Adjustments September 30, Environmental Liability Related to: 2017 2018 2018 2018 2018 2018 Retail gasoline stations $ 53,569 $ 11,931 $ (1,833) $ (1,551) $ (1,101) $ 61,015 Terminals 4,408 — (102) — — 4,306 Total environmental liabilities $ 57,977 $ 11,931 $ (1,935) $ (1,551) $ (1,101) $ 65,321 Current portion $ 5,009 $ 5,001 Long-term portion 52,968 60,320 Total environmental liabilities $ 57,977 $ 65,321

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2018
Related Party Transactions
Schedule of receivables from related parties (in thousands)	September 30, December 31, 2018 2017 Receivables from GPC $ 248 $ 7 Receivables from the General Partner (1) 5,062 3,766 Total $ 5,310 $ 3,773 (1) Receivables from the General Partner reflect the Partnership’s prepayment of payroll taxes and payroll accruals to the General Partner and are due to the timing of the payroll obligations.

Long-Term Incentive Plan (Table

Long-Term Incentive Plan (Tables)	9 Months Ended
	Sep. 30, 2018
Long-Term Incentive Plan
Summary of the status of the non-vested phantom units	Weighted Number of Average Non-vested Grant Date Units Fair Value ($) Outstanding non—vested phantom units at December 31, 2017 949,217 25.48 Vested (99,076) 39.35 Forfeited (26,964) 22.07 Outstanding non—vested phantom units at September 30, 2018 823,177 23.92

Partners' Equity and Cash Dis_2

Partners' Equity and Cash Distributions (Tables)	9 Months Ended
	Sep. 30, 2018
Partners' Equity and Cash Distributions
Schedule of quarterly cash distributions to the unitholders and the General Partner based on target levels	Marginal Percentage Total Quarterly Distribution Interest in Distributions Target Amount Unitholders General Partner First Target Distribution up to $0.4625 99.33 % 0.67 % Second Target Distribution above $0.4625 up to $0.5375 86.33 % 13.67 % Third Target Distribution above $0.5375 up to $0.6625 76.33 % 23.67 % Thereafter above $0.6625 51.33 % 48.67 %
Schedule of cash distributions made by the Partnership (in thousands, except per unit data)	Earned for the Per Unit Cash Distribution Quarter Cash Common General Incentive Total Cash Payment Date Ended Distribution Units Partner Distribution Distribution 2/14/2018 12/31/17 $ $ 15,723 $ 106 $ — $ 15,829 5/15/2018 03/31/18 15,723 106 — 15,829 8/14/2018 06/30/18 16,149 109 67 16,325

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting
Summary of financial information for the reportable segments (in thousands)	Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Wholesale Segment: Sales Gasoline and gasoline blendstocks $ 1,594,543 $ 559,685 $ 3,615,862 $ 1,526,452 Crude oil (1) 15,643 109,923 74,047 356,594 Other oils and related products (2) 279,467 292,427 1,372,042 1,249,457 Total $ 1,889,653 $ 962,035 $ 5,061,951 $ 3,132,503 Product margin Gasoline and gasoline blendstocks $ 5,586 $ 30,422 $ 54,423 $ 64,415 Crude oil (1) (7,606) (8,405) 2,885 3,248 Other oils and related products (2) 5,175 14,589 31,477 52,290 Total $ 3,155 $ 36,606 $ 88,785 $ 119,953 Gasoline Distribution and Station Operations Segment: Sales Gasoline $ 1,110,529 $ 897,440 $ 3,088,906 $ 2,524,823 Station operations (3) 124,481 94,856 312,455 258,309 Total $ 1,235,010 $ 992,296 $ 3,401,361 $ 2,783,132 Product margin Gasoline $ 91,335 $ 84,170 $ 238,434 $ 230,608 Station operations (3) 57,265 46,492 149,479 128,629 Total $ 148,600 $ 130,662 $ 387,913 $ 359,237 Commercial Segment: Sales $ 344,172 $ 205,415 $ 934,989 $ 604,425 Product margin $ 5,478 $ 5,022 $ 16,524 $ 13,335 Combined sales and Product margin: Sales $ 3,468,835 $ 2,159,746 $ 9,398,301 $ 6,520,060 Product margin (4) $ 157,233 $ 172,290 $ 493,222 $ 492,525 Depreciation allocated to cost of sales (22,259) (22,196) (64,657) (67,042) Combined gross profit $ 134,974 $ 150,094 $ 428,565 $ 425,483 (1) Crude oil consists of the Partnership’s crude oil sales and revenue from its logistics activities. (2) Other oils and related products primarily consist of distillates, residual oil and propane. (3) Station operations consist of convenience store sales, rental income and sundries. (4) Product margin is a non-GAAP financial measure used by management and external users of the Partnership’s consolidated financial statements to assess its business. The table above includes a reconciliation of product margin on a combined basis to gross profit, a directly comparable GAAP measure.
Schedule of reconciliation of the totals reported for the reportable segments to the applicable line items in the consolidated financial statements (in thousands)	Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Combined gross profit $ 134,974 $ 150,094 $ 428,565 $ 425,483 Operating costs and expenses not allocated to operating segments: Selling, general and administrative expenses 42,127 40,134 121,447 111,600 Operating expenses 83,776 70,338 234,043 208,720 Gain on trustee taxes — — (52,627) — Lease exit and termination gain (3,506) — (3,506) — Amortization expense 3,079 2,260 7,984 6,781 Net loss (gain) on sale and disposition of assets 940 2,190 5,840 (7,291) Goodwill and long-lived asset impairment 414 809 414 809 Total operating costs and expenses 126,830 115,731 313,595 320,619 Operating income 8,144 34,363 114,970 104,864 Interest expense (22,579) (20,626) (65,637) (65,836) Income tax (expense) benefit (29) 723 900 (72) Net (loss) income (14,464) 14,460 50,233 38,956 Net loss attributable to noncontrolling interest 384 418 1,142 1,242 Net (loss) income attributable to Global Partners LP $ (14,080) $ 14,878 $ 51,375 $ 40,198
Schedule of total assets by reportable segment (in thousands)	Wholesale Commercial GDSO Unallocated Total September 30, 2018 $ 723,006 $ — $ 1,447,625 $ 404,699 $ 2,575,330 December 31, 2017 $ 613,764 $ 100 $ 1,281,370 $ 424,935 $ 2,320,169

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	Sep. 30, 2018
Champlain Oil Company [Member]
Acquisitions
Schedule of preliminary allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed (in thousands)	Assets purchased: Inventory $ 5,653 Prepaid expenses and other current assets 270 Property and equipment 93,175 Intangibles 13,576 Total identifiable assets purchased 112,674 Liabilities assumed: Accrued expenses and other current liabilities (176) Environmental liabilities (10,757) Other non-current liabilities (938) Total liabilities assumed (11,871) Net identifiable assets acquired 100,803 Goodwill 37,580 Net assets acquired $ 138,383
Cheshire Oil Company [Member]
Acquisitions
Schedule of preliminary allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed (in thousands)	Assets purchased: Inventory $ 1,591 Property and equipment 26,943 Intangibles 337 Total identifiable assets purchased 28,871 Liabilities assumed: Environmental liabilities (1,174) Other non-current liabilities (109) Total liabilities assumed (1,283) Net identifiable assets acquired 27,588 Goodwill 5,853 Net assets acquired $ 33,441
Honey Farms Acquisition [Member]
Acquisitions
Schedule of preliminary allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed (in thousands)	Assets purchased: Inventory $ 2,999 Property and equipment 14,087 Intangibles 1,370 Other non-current assets 3 Total identifiable assets purchased 18,459 Liabilities assumed: Environmental liabilities (1,119) Other non-current liabilities (352) Total liabilities assumed (1,471) Net identifiable assets acquired 16,988 Goodwill 21,491 Net assets acquired $ 38,479
Schedule of Change in Goodwill from Business Combination	Goodwill – December 31, 2017 $ 21,630 Decrease in environmental liabilities (139) Goodwill – September 30, 2018 $ 21,491

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2018
Changes in Accumulated Other Comprehensive Loss
Schedule of changes in accumulated other comprehensive loss (in thousands)	The following table presents the changes in accumulated other comprehensive loss by component for the periods presented (in thousands): Pension Three Months Ended September 30, 2018 Plan Derivatives Total Balance at June 30, 2018 $ (5,351) $ 88 $ (5,263) Other comprehensive income before reclassifications of gain (loss) 584 (67) 517 Amount of (loss) gain reclassified from accumulated other comprehensive income (16) — (16) Total comprehensive (loss) income 568 (67) 501 Balance at September 30, 2018 $ (4,783) $ 21 $ (4,762) Pension Nine Months Ended September 30, 2018 Plan Derivatives Total Balance at December 31, 2017 $ (5,333) $ (135) $ (5,468) Other comprehensive income before reclassifications of gain (loss) 598 156 754 Amount of (loss) gain reclassified from accumulated other comprehensive income (48) — (48) Total comprehensive income 550 156 706 Balance at September 30, 2018 $ (4,783) $ 21 $ (4,762)

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Schedule of cash flow supplemental information (in thousands)	Nine Months Ended September 30, 2018 2017 Borrowings from working capital revolving credit facility $ 1,595,000 $ 946,200 Payments on working capital revolving credit facility (1,414,000) (1,231,600) Net borrowings from (payments on) working capital revolving credit facility $ 181,000 $ (285,400) Borrowings from revolving credit facility $ 166,000 $ — Payments on revolving credit facility (117,800) (26,700) Net borrowings from (payments on) revolving credit facility $ 48,200 $ (26,700)

Supplemental Guarantor Conden_2

Supplemental Guarantor Condensed Consolidating Financial Information (Tables)	9 Months Ended
	Sep. 30, 2018
Supplemental Guarantor Condensed Consolidating Financial Statements
Schedule of condensed consolidating balance sheets (in thousands)	Condensed Consolidating Balance Sheet September 30, 2018 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 11,281 $ 1,170 $ — $ 12,451 Accounts receivable, net 407,467 7 63 407,537 Accounts receivable - affiliates 5,310 63 (63) 5,310 Inventories 481,457 — — 481,457 Brokerage margin deposits 15,226 — — 15,226 Derivative assets 7,281 — — 7,281 Prepaid expenses and other current assets 89,435 164 — 89,599 Total current assets 1,017,457 1,404 — 1,018,861 Property and equipment, net 1,105,406 4,486 — 1,109,892 Intangible assets, net 62,221 — — 62,221 Goodwill 352,550 — — 352,550 Other assets 31,806 — — 31,806 Total assets $ 2,569,440 $ 5,890 $ — $ 2,575,330 Liabilities and partners’ equity Current liabilities: Accounts payable $ 336,477 $ 53 $ — $ 336,530 Accounts payable - affiliates (34) 34 — — Working capital revolving credit facility - current portion 307,700 — — 307,700 Environmental liabilities - current portion 5,001 — — 5,001 Trustee taxes payable 37,734 — — 37,734 Accrued expenses and other current liabilities 97,209 168 — 97,377 Derivative liabilities 13,944 — — 13,944 Total current liabilities 798,031 255 — 798,286 Working capital revolving credit facility - less current portion 100,000 — — 100,000 Revolving credit facility 244,200 — — 244,200 Senior notes 663,775 — — 663,775 Environmental liabilities - less current portion 60,320 — — 60,320 Financing obligations 150,132 — — 150,132 Deferred tax liabilities 38,563 — — 38,563 Other long-term liabilities 53,572 — — 53,572 Total liabilities 2,108,593 255 — 2,108,848 Partners' equity Global Partners LP equity 460,847 3,412 — 464,259 Noncontrolling interest — 2,223 — 2,223 Total partners' equity 460,847 5,635 — 466,482 Total liabilities and partners' equity $ 2,569,440 $ 5,890 $ — $ 2,575,330 Condensed Consolidating Balance Sheet December 31, 2017 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 13,035 $ 1,823 $ — $ 14,858 Accounts receivable, net 416,974 218 71 417,263 Accounts receivable - affiliates 3,773 71 (71) 3,773 Inventories 350,743 — — 350,743 Brokerage margin deposits 9,681 — — 9,681 Derivative assets 3,840 — — 3,840 Prepaid expenses and other current assets 77,889 88 — 77,977 Total current assets 875,935 2,200 — 878,135 Property and equipment, net 1,029,864 6,803 — 1,036,667 Intangible assets, net 56,545 — — 56,545 Goodwill 312,401 — — 312,401 Other assets 36,421 — — 36,421 Total assets $ 2,311,166 $ 9,003 $ — $ 2,320,169 Liabilities and partners' equity Current liabilities: Accounts payable $ 313,265 $ 147 $ — $ 313,412 Accounts payable - affiliates (148) 148 — — Working capital revolving credit facility - current portion 126,700 — — 126,700 Environmental liabilities - current portion 5,009 — — 5,009 Trustee taxes payable 110,321 — — 110,321 Accrued expenses and other current liabilities 99,288 219 — 99,507 Derivative liabilities 13,708 — — 13,708 Total current liabilities 668,143 514 — 668,657 Working capital revolving credit facility - less current portion 100,000 — — 100,000 Revolving credit facility 196,000 — — 196,000 Senior notes 661,774 — — 661,774 Environmental liabilities - less current portion 52,968 — — 52,968 Financing obligations 150,334 — — 150,334 Deferred tax liabilities 40,105 — — 40,105 Other long-term liabilities 56,013 — — 56,013 Total liabilities 1,925,337 514 — 1,925,851 Partners' equity Global Partners LP equity 385,829 5,124 — 390,953 Noncontrolling interest — 3,365 — 3,365 Total partners' equity 385,829 8,489 — 394,318 Total liabilities and partners' equity $ 2,311,166 $ 9,003 $ — $ 2,320,169
Schedule of condensed consolidating statements of income (in thousands)	Condensed Consolidating Statement of Operations Three Months Ended September 30, 2018 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Eliminations Consolidated Sales $ 3,468,748 $ 230 $ (143) $ 3,468,835 Cost of sales 3,333,316 688 (143) 3,333,861 Gross profit (loss) 135,432 (458) — 134,974 Costs and operating expenses: Selling, general and administrative expenses 42,026 101 — 42,127 Operating expenses 83,376 400 — 83,776 Lease exit and termination gain (3,506) — — (3,506) Amortization expense 3,079 — — 3,079 Net loss on sale and disposition of assets 940 — — 940 Goodwill and long-lived asset impairment 414 — — 414 Total costs and operating expenses 126,329 501 — 126,830 Operating income (loss) 9,103 (959) — 8,144 Interest expense (22,579) — — (22,579) Loss before income tax expense (13,476) (959) — (14,435) Income tax expense (29) — — (29) Net loss (13,505) (959) — (14,464) Net loss attributable to noncontrolling interest — 384 — 384 Net loss attributable to Global Partners LP (13,505) (575) — (14,080) Less: General partners' interest in net loss, including incentive distribution rights (27) — — (27) Less: Series A preferred limited partner interest in net income 1,009 — — 1,009 Net loss attributable to common limited partners $ (14,487) $ (575) $ — $ (15,062) Condensed Consolidating Statement of Operations Three Months Ended September 30, 2017 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Eliminations Consolidated Sales $ 2,159,174 $ 645 $ (73) $ 2,159,746 Cost of sales 2,008,467 1,258 (73) 2,009,652 Gross profit (loss) 150,707 (613) — 150,094 Costs and operating expenses: Selling, general and administrative expenses 40,049 85 — 40,134 Operating expenses 69,991 347 — 70,338 Amortization expense 2,260 — — 2,260 Net loss on sale and disposition of assets 2,190 — — 2,190 Goodwill and long-lived asset impairment 809 — — 809 Total costs and operating expenses 115,299 432 — 115,731 Operating income (loss) 35,408 (1,045) — 34,363 Interest expense (20,626) — — (20,626) Income (loss) before income tax benefit 14,782 (1,045) — 13,737 Income tax benefit 723 — — 723 Net income (loss) 15,505 (1,045) — 14,460 Net loss attributable to noncontrolling interest — 418 — 418 Net income (loss) attributable to Global Partners LP 15,505 (627) — 14,878 Less: General partners' interest in net income, including incentive distribution rights 100 — — 100 Less: Series A preferred limited partner interest in net income — — — — Net income (loss) attributable to common limited partners $ 15,405 $ (627) $ — $ 14,778 Condensed Consolidating Statement of Operations Nine Months Ended September 30, 2018 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Eliminations Consolidated Sales $ 9,397,696 $ 923 $ (318) $ 9,398,301 Cost of sales 8,967,733 2,321 (318) 8,969,736 Gross profit 429,963 (1,398) — 428,565 Costs and operating expenses: Selling, general and administrative expenses 121,154 293 — 121,447 Operating expenses 232,880 1,163 — 234,043 Gain on trustee taxes (52,627) — — (52,627) Lease exit and termination gain (3,506) — — (3,506) Amortization expense 7,984 — — 7,984 Net gain on sale and disposition of assets 5,840 — — 5,840 Goodwill and long-lived asset impairment 414 — — 414 Total costs and operating expenses 312,139 1,456 — 313,595 Operating income (loss) 117,824 (2,854) — 114,970 Interest expense (65,637) — — (65,637) Income (loss) before income tax benefit 52,187 (2,854) — 49,333 Income tax benefit 900 — — 900 Net income (loss) 53,087 (2,854) — 50,233 Net loss attributable to noncontrolling interest — 1,142 — 1,142 Net income (loss) attributable to Global Partners LP 53,087 (1,712) — 51,375 Less: General partners' interest in net income, including incentive distribution rights 479 — — 479 Less: Series A preferred limited partner interest in net income 1,009 — — 1,009 Net income (loss) attributable to common limited partners $ 51,599 $ (1,712) $ — $ 49,887 Condensed Consolidating Statement of Operations Nine Months Ended September 30, 2017 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Eliminations Consolidated Sales $ 6,518,172 $ 2,248 $ (360) $ 6,520,060 Cost of sales 6,091,125 3,812 (360) 6,094,577 Gross profit (loss) 427,047 (1,564) — 425,483 Costs and operating expenses: Selling, general and administrative expenses 111,280 320 — 111,600 Operating expenses 207,483 1,237 — 208,720 Amortization expense 6,781 — — 6,781 Net gain on sale and disposition of assets (7,274) (17) — (7,291) Goodwill and long-lived asset impairment 809 — — 809 Total costs and operating expenses 319,079 1,540 — 320,619 Operating income (loss) 107,968 (3,104) — 104,864 Interest expense (65,836) — — (65,836) Income (loss) before income tax expense 42,132 (3,104) — 39,028 Income tax expense (72) — — (72) Net income (loss) 42,060 (3,104) — 38,956 Net loss attributable to noncontrolling interest — 1,242 — 1,242 Net income (loss) attributable to Global Partners LP 42,060 (1,862) — 40,198 Less: General partners' interest in net income, including incentive distribution rights 270 — — 270 Less: Series A preferred limited partner interest in net income — — — — Net income (loss) attributable to common limited partners $ 41,790 $ (1,862) $ — $ 39,928
Schedule of condensed consolidating statements of cash flows (in thousands)	Condensed Consolidating Statement Cash Flows Nine Months Ended September 30, 2018 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Consolidated Cash flows from operating activities Net cash used in operating activities $ (45,249) $ (653) $ (45,902) Cash flows from investing activities Acquisitions (171,824) — (171,824) Capital expenditures (43,461) — (43,461) Seller note issuances (3,062) — (3,062) Proceeds from sale of property and equipment 14,930 — 14,930 Net cash used in investing activities (203,417) — (203,417) Cash flows from financing activities Net proceeds from issuance of Series A preferred units 66,366 — 66,366 Net borrowings from working capital revolving credit facility 181,000 — 181,000 Net borrowings from on revolving credit facility 48,200 — 48,200 LTIP units withheld for tax obligations (806) — (806) Distributions to partners (47,848) — (47,848) Net cash provided by financing activities 246,912 — 246,912 Cash and cash equivalents Decrease in cash and cash equivalents (1,754) (653) (2,407) Cash and cash equivalents at beginning of period 13,035 1,823 14,858 Cash and cash equivalents at end of period $ 11,281 $ 1,170 $ 12,451 Condensed Consolidating Statement Cash Flows Nine Months Ended September 30, 2017 (In thousands) (Issuer) Non- Guarantor Guarantor Subsidiaries Subsidiary Consolidated Cash flows from operating activities Net cash provided by operating activities $ 361,387 $ 1,054 $ 362,441 Cash flows from investing activities Capital expenditures (31,646) — (31,646) Proceeds from sale of property and equipment 29,784 20 29,804 Net cash (used in) provided by investing activities (1,862) 20 (1,842) Cash flows from financing activities Net payments on working capital revolving credit facility (285,400) — (285,400) Net payments on revolving credit facility (26,700) — (26,700) LTIP units withheld for tax obligations (516) — (516) Noncontrolling interest capital contribution 279 — 279 Distribution to noncontrolling interest — (465) (465) Distributions to partners (46,970) — (46,970) Net cash used in financing activities (359,307) (465) (359,772) Cash and cash equivalents Increase in cash and cash equivalents 218 609 827 Cash and cash equivalents at beginning of period 9,373 655 10,028 Cash and cash equivalents at end of period $ 9,591 $ 1,264 $ 10,855

Organization and Basis of Pre_4

Organization and Basis of Presentation (Details) $ / shares in Units, $ in Thousands	Aug. 07, 2018$ / sharesshares	Mar. 31, 2018USD ($)	Sep. 30, 2018USD ($)item$ / sharesshares	Dec. 31, 2017shares
Organization
Number of owned, leased and/or supplied gasoline stations | item			1,589
Number of convenience stores | item			301
General partner interest (as a percent)			0.67%
Initial distribution rate (as a percentage)			9.75%
Liquidation preference (in dollars per unit) | $ / shares			$ 25
Trustee taxes
Gain on trustee taxes | $		$ 52,627	$ 52,627
Global Partners LP [Member] | Affiliates of general partner
Organization
Limited partner ownership interest (as a percent)			21.60%
Common Limited Partners
Organization
Number of common units held			33,744,168	33,645,092
Common Limited Partners | Affiliates of general partner
Organization
Number of common units held			7,347,370
Series A Preferred Limited Partners
Organization
Number of common units held			2,760,000	0
Number of units sold	2,760,000
Initial distribution rate (as a percentage)	9.75%
Liquidation preference (in dollars per unit) | $ / shares	$ 25
Sale price (in dollars per unit) | $ / shares	$ 25

Summary of Significant Accounti

Summary of Significant Accounting Policies - Lease Exit (Details) $ in Millions	1 Months Ended		3 Months Ended	9 Months Ended	12 Months Ended
	Jan. 31, 2017USD ($)	Dec. 31, 2016item	Sep. 30, 2018USD ($)item	Sep. 30, 2018USD ($)	Dec. 31, 2016USD ($)
Leases
Number of railcars released | item		1,610	500
Lease exit gain (loss)			$ 3.5	$ 3.5	$ (80.7)
Proceeds for incremental costs	$ 19.1
Remaining accrued incremental costs			$ 6.6	$ 6.6

Organization and Basis of Pre_5

Organization and Basis of Presentation - NCI (Details)	Feb. 01, 2013
Basin Transload LLC
Business combination
Percentage of outstanding membership interests acquired	60.00%

Organization and Basis of Pre_6

Organization and Basis of Presentation - Risk, Impairment, etc. (Details) - customer	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Sales Revenue | Product
Concentration of Risk
Percentage of consolidated total	100.00%	100.00%	100.00%	100.00%
Sales Revenue | Product | Gasoline and gasoline blendstocks
Concentration of Risk
Percentage of consolidated total	82.00%	71.00%	75.00%	65.00%
Sales Revenue | Product | Crude Oil
Concentration of Risk
Percentage of consolidated total		5.00%	1.00%	6.00%
Sales Revenue | Product | Distillates, residual oil and propane sales
Concentration of Risk
Percentage of consolidated total	14.00%	20.00%	21.00%	25.00%
Sales Revenue | Product | Station operations (convenience stores, rental and sundries)
Concentration of Risk
Percentage of consolidated total	4.00%	4.00%	3.00%	4.00%
Sales Revenue | Customer
Concentration of Risk
Number of significant customers	0	0	0	0
Product Margin [Member]
Concentration of Risk
Percentage of consolidated total	100.00%	100.00%	100.00%	100.00%
Product Margin [Member] | Wholesale Segment
Concentration of Risk
Percentage of consolidated total	2.00%	21.00%	18.00%	24.00%
Product Margin [Member] | Gasoline Distribution and Station Operations Segment
Concentration of Risk
Percentage of consolidated total	95.00%	76.00%	79.00%	73.00%
Product Margin [Member] | Commercial Segment
Concentration of Risk
Percentage of consolidated total	3.00%	3.00%	3.00%	3.00%

Adoption of ASC 606, Revenue _3

Adoption of ASC 606, Revenue from Contract Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 1,760,275		$ 5,014,494
Revenue originating as physical forward contracts and exchanges	1,689,942		4,329,217
Revenue from leases	18,618		54,590
Total other sales	1,708,560		4,383,807
Total sales	3,468,835	$ 2,159,746	9,398,301	$ 6,520,060
Contract with Customer, Asset and Liability [Abstract]
Contract liabilities	0		0		$ 0
Refined Petroleum Products, Renewable Fuels, Crude Oil And Propane [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	1,653,909		4,755,121
Station operations (convenience stores, rental and sundries)
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	106,366		$ 259,373
Minimum
Contract with Customer, Asset and Liability [Abstract]
Payment terms			2 days
Maximum
Contract with Customer, Asset and Liability [Abstract]
Payment terms			30 days
Wholesale Segment
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	331,012		$ 1,091,627
Revenue originating as physical forward contracts and exchanges	1,558,138		3,968,816
Revenue from leases	503		1,508
Total other sales	1,558,641		3,970,324
Total sales	1,889,653	962,035	5,061,951	3,132,503
Wholesale Segment | Refined Petroleum Products, Renewable Fuels, Crude Oil And Propane [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	331,012		1,091,627
Gasoline Distribution and Station Operations Segment
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	1,216,895		3,348,279
Revenue from leases	18,115		53,082
Total other sales	18,115		53,082
Total sales	1,235,010	992,296	3,401,361	2,783,132
Gasoline Distribution and Station Operations Segment | Refined Petroleum Products, Renewable Fuels, Crude Oil And Propane [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	1,110,529		3,088,906
Gasoline Distribution and Station Operations Segment | Station operations (convenience stores, rental and sundries)
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	106,366		259,373
Total sales	124,481	94,856	312,455	258,309
Commercial Segment
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	212,368		574,588
Revenue originating as physical forward contracts and exchanges	131,804		360,401
Total other sales	131,804		360,401
Total sales	344,172	$ 205,415	934,989	$ 604,425
Commercial Segment | Refined Petroleum Products, Renewable Fuels, Crude Oil And Propane [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 212,368		$ 574,588

Net (Loss) Income Per Common _3

Net (Loss) Income Per Common Limited Partner Unit (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 26, 2018	Oct. 23, 2018	Jul. 27, 2018	Apr. 27, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Net (Loss) Income Per Limited Partner Unit
Repurchased units not deemed outstanding					251,395		251,395		350,471
Net (loss) income attributable to Global Partners LP					$ (14,080)	$ 14,878	$ 51,375	$ 40,198
Declared distribution					16,325	15,829	48,479	47,487
Assumed allocation of undistributed net loss					(30,405)	(951)	2,896	(7,289)
Assumed allocation of net (loss) income					(14,080)	14,878	51,375	40,198
Limited Partner Interest
Net (Loss) Income Per Limited Partner Unit
Net (loss) income attributable to Global Partners LP					(14,053)	14,778	50,896	39,928
Declared distribution					16,149	15,723	48,021	47,169
Assumed allocation of undistributed net loss					(30,202)	(945)	2,875	(7,241)
Assumed allocation of net (loss) income					(14,053)	14,778	50,896	39,928
General Partner, Global GP LLC
Net (Loss) Income Per Limited Partner Unit
Net (loss) income attributable to Global Partners LP					(27)	100	479	270
Declared distribution					109	106	324	318
Assumed allocation of undistributed net loss					(203)	(6)	21	(48)
Assumed allocation of net (loss) income					(94)	$ 100	345	$ 270
IDRs
Net (Loss) Income Per Limited Partner Unit
Declared distribution					67		134
Assumed allocation of net (loss) income					$ 67		$ 134
Common Limited Partners
Denominator:
Basic weighted average limited partner units outstanding					34,114,000	33,644,000	33,680,000	33,570,000
Diluted weighted average limited partner units outstanding					34,114,000	33,945,000	33,894,000	33,839,000
Basic net income per limited partner unit					$ (0.44)	$ 0.44	$ 1.48	$ 1.19
Diluted net income per limited partner unit					$ (0.44)	$ 0.44	$ 1.47	$ 1.18
Quarterly cash distributions declared (in dollars per unit)			$ 0.4750	$ 0.4625
Common Limited Partners | Subsequent event
Denominator:
Quarterly cash distributions declared (in dollars per unit)	$ 0.4750
Common Limited Partners | Limited Partner Interest
Net (Loss) Income Per Limited Partner Unit
Assumed allocation of net (loss) income					$ (15,062)	$ 14,778	$ 49,887	$ 39,928
Denominator:
Basic weighted average limited partner units outstanding					34,114,000	33,644,000	33,680,000	33,570,000
Dilutive effect of phantom units						301,000	214,000	269,000
Diluted weighted average limited partner units outstanding					34,114,000	33,945,000	33,894,000	33,839,000
Basic net income per limited partner unit					$ (0.44)	$ 0.44	$ 1.48	$ 1.19
Diluted net income per limited partner unit					$ (0.44)	$ 0.44	$ 1.47	$ 1.18
Series A Preferred Limited Partners
Denominator:
Quarterly cash distributions declared (in dollars per unit)		$ 0.6635
Series A Preferred Limited Partners | Subsequent event
Denominator:
Quarterly cash distributions declared (in dollars per unit)		$ 0.6635
Series A Preferred Limited Partners | Limited Partner Interest
Net (Loss) Income Per Limited Partner Unit
Assumed allocation of net (loss) income					$ 1,009		$ 1,009

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Inventories
Inventories	$ 481,457	$ 350,743
Positive exchange balances on inventory exchange agreements accounted for as accounts receivable	8,000	9,500
Negative exchange balances on inventory exchange agreements accounted for as accounts payable	18,100	8,400
Distillates, residual oil and propane sales
Inventories
Inventories	167,995	183,059
Gasoline
Inventories
Inventories	199,796	81,504
Gasoline blendstocks
Inventories
Inventories	45,491	26,789
Crude Oil
Inventories
Inventories	16,685	10,809
Residual oil
Inventories
Inventories	28,664	28,442
Propane and other
Inventories
Inventories	1,048	1,659
Renewable identification numbers (RINs)
Inventories
Inventories	593	380
Convenience store inventory
Inventories
Inventories	$ 21,185	$ 18,101

Goodwill (Details)

Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)
Roll forward of the Partnership's goodwill
Goodwill, Beginning Balance	$ 312,401
Goodwill, Ending Balance	352,550
Gasoline Distribution and Station Operations Segment
Roll forward of the Partnership's goodwill
Goodwill, Beginning Balance	312,401
Disposals	(3,145)
Goodwill, Ending Balance	352,550
Cheshire Oil Company [Member] | Gasoline Distribution and Station Operations Segment
Roll forward of the Partnership's goodwill
Acquisition	5,853
Champlain Oil Company [Member] | Gasoline Distribution and Station Operations Segment
Roll forward of the Partnership's goodwill
Acquisition	37,580
Honey Farms Acquisition [Member]
Roll forward of the Partnership's goodwill
Goodwill, Beginning Balance	21,630
Acquisition of Honey Farms - change in goodwill	(139)
Goodwill, Ending Balance	21,491
Honey Farms Acquisition [Member] | Gasoline Distribution and Station Operations Segment
Roll forward of the Partnership's goodwill
Acquisition of Honey Farms - change in goodwill	$ (139)

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Property and Equipment
Total property and equipment	$ 1,683,150		$ 1,683,150		$ 1,551,020
Less accumulated depreciation	573,258		573,258		514,353
Total	1,109,892		1,109,892		1,036,667
Assets held for sale	11,500		11,500		12,400
Long-lived asset impairment	414	$ 809	414	$ 809
West Coast Of USA [Member]
Property and Equipment
Long-lived assets subject to impairment	52,600		52,600
Buildings and improvements
Property and Equipment
Total property and equipment	1,126,585		1,126,585		1,015,386
Land
Property and Equipment
Total property and equipment	424,916		424,916		409,146
Fixtures and equipment
Property and Equipment
Total property and equipment	43,540		43,540		42,959
Idle Plant Assets [Member]
Property and Equipment
Total property and equipment	30,500		30,500		30,500
Idle Plant Assets [Member] | West Coast Of USA [Member]
Property and Equipment
Long-lived assets subject to impairment	30,500		30,500
Construction in process
Property and Equipment
Total property and equipment	26,739		26,739		22,403
Retail Gasoline Stations
Property and Equipment
Long-lived asset impairment	400	$ 800	400	$ 800
Capitalized internal use software
Property and Equipment
Total property and equipment	$ 30,870		$ 30,870		$ 30,626

Sale and Disposition of Asset_2

Sale and Disposition of Assets (Details) $ in Thousands	Feb. 01, 2017USD ($)	Sep. 30, 2018USD ($)location	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)location	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)location
Sale and Disposition of Assets
Other		$ 12	$ 167	$ 446	$ 793
Net loss (gain) on sale and disposition of assets		940	2,190	5,840	(7,291)
Assets held for sale		11,500		11,500		$ 12,400
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Sale and Disposition of Assets
Loss on assets held-for-sale		1,056	1,571	4,590	5,010
Sale of Natural Gas Brokerage And Electricity Businesses [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Sale and Disposition of Assets
(Gain) loss on sale and divestitures					(14,172)
Proceeds before adjustments	$ 17,300
Proceeds from sale of business	$ 16,300
Periodic Divestiture Of Gasoline Stations (Member) | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Sale and Disposition of Assets
(Gain) loss on sale and divestitures		40	77	(183)	253
Periodic Divestiture Of Gasoline Stations (Member) | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Sale and Disposition of Assets
Loss on assets held-for-sale		$ 0	100	$ 2,000	400
Number of sites classified as held for sale | location		6		6		8
Strategic Asset Divestiture Program (Member) | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Sale and Disposition of Assets
Loss on strategic asset sale		$ 168	(375)	$ (987)	$ (825)
Loss on asset divestitures, income statement location				us-gaap:GainLossOnDispositionOfAssets1	us-gaap:GainLossOnDispositionOfAssets1
Number of locations divested | location		12		23
Goodwill derecognized		$ 1,700	400	$ 3,100	$ 3,300
Real Estate Firm Coordinated Sale [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Sale and Disposition of Assets
Loss on assets held-for-sale		$ 1,000	$ 1,500	$ 2,500	$ 4,600
Number of sites classified as held for sale | location		15		15		18

Debt and Financing Obligations

Debt and Financing Obligations (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017	Sep. 30, 2018USD ($)item	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Debt and Financing Obligations
Current portion	$ 307,700		$ 307,700		$ 126,700
Outstanding letters of credit	58,800		58,800
Total remaining availability for borrowings and letters of credit					810,300
Credit Agreement
Debt and Financing Obligations
Total available commitments	$ 1,300,000		$ 1,300,000
Number of line of credit facilities | item			2
Average interest rates (as a percent)	4.30%	3.70%	4.10%	3.60%
Total borrowings outstanding	$ 651,900		$ 651,900
Total remaining availability for borrowings and letters of credit	589,300		589,300
Working Capital Facility [Member]
Debt and Financing Obligations
Total available commitments	850,000		850,000
Current portion	307,700		307,700		126,700
Long-term portion	100,000		100,000		$ 100,000
Increase in credit facility			181,000	$ (285,400)
Revolving Credit Facility [Member]
Debt and Financing Obligations
Total available commitments	450,000		450,000
Increase in credit facility			48,200	$ (26,700)
Total borrowings outstanding	$ 244,200		$ 244,200
Senior Notes 6.25 Percent Due 2022
Debt and Financing Obligations
Stated interest rate (as a percent)	6.25%		6.25%		6.25%
Senior Notes 7.00 Percent Due 2023 [Member]
Debt and Financing Obligations
Stated interest rate (as a percent)	7.00%		7.00%		7.00%

Debt and Financing Obligation_2

Debt and Financing Obligations - Financing Obligations (Details) $ in Thousands	Jun. 29, 2016USD ($)location	Jun. 01, 2015USD ($)item	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Financing Obligations
Net loss (gain) on sale and disposition of assets			$ 940	$ 2,190	$ 5,840	$ (7,291)
Financing obligations			150,132		150,132		$ 150,334
Unamortized fees			11,900		11,900		15,900
Write-off of a portion of the original issue discount and deferred financing fees						573
Amortization expenses			1,300	1,300	4,029	4,295
Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations [Member] | Sale Leaseback Sites [Member]
Financing Obligations
Financing obligations	$ 62,500		62,500		62,500
Number of sites under financing obligation | location	30
Interest expense for sale-leaseback properties			1,100	1,100	3,300	3,300
Sale leaseback, gross proceeds	$ 63,500
Sale leaseback financing fees	$ 1,000
Unamortized fees			900		900		900
Capitol Petroleum Group
Financing Obligations
Financing obligations		$ 89,600	87,600		87,600
Number of sale-leaseback transactions | item		2
Number of sites under financing obligation | item		53
Interest expense for sale-leaseback properties			2,300	2,400	7,000	7,200
Lease rental payments			2,400	$ 2,400	7,200	$ 7,200
Credit Agreement
Financing Obligations
Unamortized fees			6,500		6,500		9,600
Total available commitments			1,300,000		1,300,000
Working Capital Facility [Member]
Financing Obligations
Total available commitments			850,000		850,000
Revolving Credit Facility [Member]
Financing Obligations
Total available commitments			450,000		450,000
All Senior Notes [Member]
Financing Obligations
Unamortized fees			$ 4,500		$ 4,500		$ 5,400

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) $ in Millions	Sep. 30, 2018USD ($)item
Exchange-Traded Derivatives | Long [Member]
Volume of activity related to derivative financial instruments
Nonmonetary units	58,471
Exchange-Traded Derivatives | Short [Member]
Volume of activity related to derivative financial instruments
Nonmonetary units	63,076
OTC Derivatives (Petroleum/Ethanol) | Long [Member]
Volume of activity related to derivative financial instruments
Nonmonetary units	8,879
OTC Derivatives (Petroleum/Ethanol) | Short [Member]
Volume of activity related to derivative financial instruments
Nonmonetary units	6,639
Interest Rate Swaps
Volume of activity related to derivative financial instruments
Monetary units | $	$ 100

Derivative Financial Instrume_4

Derivative Financial Instruments - FV Hedges (Details) - Fair Value Hedge - Cost of sales - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Futures contracts
Fair values of derivative financial instruments
Amount of Gain (Loss) Recognized in Income on Derivatives	$ (12,776)	$ (3,930)	$ (22,507)	$ 36,990
Inventories
Fair values of derivative financial instruments
Amount of Gain (Loss) Recognized in Income on Hedged Items	$ 12,786	$ 4,370	$ 24,160	$ (37,412)

Derivative Financial Instrume_5

Derivative Financial Instruments - CF Hedges (Details) - Cash Flow Hedges $ in Millions	Sep. 30, 2018USD ($)DerivativeInstrument
Fair values of derivative financial instruments
Hedged borrowings | $	$ 100
Interest Rate Swaps
Fair values of derivative financial instruments
Number of agreements in place | DerivativeInstrument	1

Derivative Financial Instrume_6

Derivative Financial Instruments - CF Hedges Gain, Loss (Details) - Cash Flow Hedges - Derivatives designated as hedging instruments - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Gains and losses from derivatives
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives	$ 0.1	$ 0.2	$ 0.3	$ 0.8
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness	$ 0	$ 0	$ 0	$ 0

Derivative Financial Instrume_7

Derivative Financial Instruments - Not Designated (Details) - Derivatives not designated as hedging instruments - Commodity product bbl in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)bbl	Sep. 30, 2017USD ($)
Derivative Financial Instruments
Amount of Gain (Loss) Recognized in Income on Derivatives | $	$ (1,162)	$ 6,470	$ 2,411	$ 9,212
Maximum
Derivative Financial Instruments
Aggregate units of products in a controlled trading program | bbl			250

Derivative Financial Instrume_8

Derivative Financial Instruments - Fair Value (Details) $ in Thousands	Sep. 30, 2018USD ($)item	Dec. 31, 2017USD ($)
Fair values of derivative financial instruments
Asset Derivatives	$ 48,780	$ 36,323
Liability Derivatives	$ (71,729)	(84,925)
Credit Risk
Number of clearing brokers, primarily utilized | item	3
Exchange-Traded Derivatives | Broker margin deposits
Fair values of derivative financial instruments
Asset Derivatives	$ 41,477	32,483
Liability Derivatives	(57,785)	(71,083)
Forward Derivative Contracts | Derivative assets
Fair values of derivative financial instruments
Asset Derivatives	7,281	3,840
Forward Derivative Contracts | Derivative liabilities
Fair values of derivative financial instruments
Liability Derivatives	(13,944)	(13,708)
Interest Rate Swaps | Prepaid Expenses and Other Current Assets [Member]
Fair values of derivative financial instruments
Asset Derivatives	22
Interest Rate Swaps | Other long-term liabilities
Fair values of derivative financial instruments
Liability Derivatives		(134)
Derivatives designated as hedging instruments
Fair values of derivative financial instruments
Liability Derivatives	(6,792)	(7,214)
Derivatives designated as hedging instruments | Exchange-Traded Derivatives | Broker margin deposits
Fair values of derivative financial instruments
Liability Derivatives	(6,792)	(7,214)
Derivatives not designated as hedging instruments
Fair values of derivative financial instruments
Asset Derivatives	48,780	36,323
Liability Derivatives	(64,937)	(77,711)
Derivatives not designated as hedging instruments | Exchange-Traded Derivatives | Broker margin deposits
Fair values of derivative financial instruments
Asset Derivatives	41,477	32,483
Liability Derivatives	(50,993)	(63,869)
Derivatives not designated as hedging instruments | Forward Derivative Contracts | Derivative assets
Fair values of derivative financial instruments
Asset Derivatives	7,281	3,840
Derivatives not designated as hedging instruments | Forward Derivative Contracts | Derivative liabilities
Fair values of derivative financial instruments
Liability Derivatives	(13,944)	(13,708)
Derivatives not designated as hedging instruments | Interest Rate Swaps | Prepaid Expenses and Other Current Assets [Member]
Fair values of derivative financial instruments
Asset Derivatives	$ 22
Derivatives not designated as hedging instruments | Interest Rate Swaps | Other long-term liabilities
Fair values of derivative financial instruments
Liability Derivatives		$ (134)

Fair Value Measurements (Detail

Fair Value Measurements (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2018USD ($)$ / bbl	Dec. 31, 2017USD ($)$ / bbl
Senior Notes 6.25 Percent Due 2022
Liabilities:
Stated interest rate (as a percent)	6.25%	6.25%
Face value of debt instrument	$ 375,000	$ 375,000
Fair value of debt instrument	$ 372,187	$ 383,906
Senior Notes 7.00 Percent Due 2023 [Member]
Liabilities:
Stated interest rate (as a percent)	7.00%	7.00%
Face value of debt instrument	$ 300,000	$ 300,000
Fair value of debt instrument	305,250	308,250
Level 3
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, beginning of period	(404)
Purchases	1,043
Sales	(1,032)
Recognized gains (losses) recorded in cost of sales	494
Unrecognized gains (losses) recorded in cost of sales	(907)
Fair Value, end of period	$ 20	$ (404)
Minimum | Level 3 | Crude Oil
Liabilities:
Estimated margin (in dollars per barrel) | $ / bbl	(32)	(8.50)
Minimum | Level 3 | Propane and other
Liabilities:
Estimated margin (in dollars per barrel) | $ / bbl	(5.456)	(3.36)
Maximum | Level 3 | Crude Oil
Liabilities:
Estimated margin (in dollars per barrel) | $ / bbl	6	(1)
Maximum | Level 3 | Propane and other
Liabilities:
Estimated margin (in dollars per barrel) | $ / bbl	6.72	8.40
Recurring basis
Assets:
Cash collateral netting	$ 31,534	$ 48,281
Recurring basis | Exchange-Traded Derivatives
Assets:
Cash collateral netting	31,534	48,281
Recurring basis | Total estimated fair value
Assets:
Pension plans	18,065	17,580
Total assets	40,594	31,101
Liabilities:
Total liabilities		(13,842)
Recurring basis | Total estimated fair value | Forward Derivative Contracts
Assets:
Derivative assets	7,281	3,840
Liabilities:
Derivative liabilities	(13,944)	(13,708)
Recurring basis | Total estimated fair value | Interest Rate Swaps
Assets:
Derivative assets	22
Liabilities:
Derivative liabilities		(134)
Recurring basis | Total estimated fair value | Exchange-Traded Derivatives
Assets:
Exchange-traded/cleared derivative instruments	15,226	9,681
Recurring basis | Total estimated fair value | Level 1
Assets:
Pension plans	18,065	17,580
Total pre-netting liabilities		(21,020)
Total assets	1,757
Recurring basis | Total estimated fair value | Level 1 | Exchange-Traded Derivatives
Assets:
Exchange-traded/cleared derivative instruments	(16,308)	(38,600)
Recurring basis | Total estimated fair value | Level 2
Assets:
Total assets	5,448	3,207
Liabilities:
Total liabilities		(12,805)
Recurring basis | Total estimated fair value | Level 2 | Forward Derivative Contracts
Assets:
Derivative assets	5,426	3,207
Liabilities:
Derivative liabilities	(12,109)	(12,671)
Recurring basis | Total estimated fair value | Level 2 | Interest Rate Swaps
Assets:
Derivative assets	22
Liabilities:
Derivative liabilities		(134)
Recurring basis | Total estimated fair value | Level 3
Assets:
Total assets	1,855	633
Liabilities:
Total liabilities		(1,037)
Recurring basis | Total estimated fair value | Level 3 | Forward Derivative Contracts
Assets:
Derivative assets	1,855	633
Liabilities:
Derivative liabilities	$ (1,835)	$ (1,037)

Environmental Liabilities and_3

Environmental Liabilities and RIN (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Dec. 31, 2017
Changes in environmental liabilities during the period
Balance at the beginning of the period	$ 57,977
Additions	11,931
Payments	(1,935)
Dispositions	(1,551)
Other adjustments	(1,101)
Balance at the end of the period	65,321
Environmental liabilities
Current portion		$ 5,001	$ 5,009
Long-term portion		60,320	52,968
Total environmental liabilities	57,977	65,321	57,977
Renewable Identification Numbers (RINs)
Losses from firm non-cancellable RIN forward purchase and sales commitments	$ 100
Champlain Oil Company [Member]
Environmental Liabilities
Assumed environmental liabilities, recorded on an undiscounted basis		1,200
Cheshire Oil Company [Member]
Environmental Liabilities
Assumed environmental liabilities, recorded on an undiscounted basis		10,700
Minimum
Renewable Identification Numbers (RINs)
Settlement period of RVO	1 year
Retail Gasoline Stations
Changes in environmental liabilities during the period
Balance at the beginning of the period	$ 53,569
Additions	11,931
Payments	(1,833)
Dispositions	(1,551)
Other adjustments	(1,101)
Balance at the end of the period	61,015
Environmental liabilities
Total environmental liabilities	53,569	61,015	53,569
Terminals
Changes in environmental liabilities during the period
Balance at the beginning of the period	4,408
Payments	(102)
Balance at the end of the period	4,306
Environmental liabilities
Total environmental liabilities	$ 4,408	$ 4,306	$ 4,408

Related-Party Transactions (Det

Related-Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Information on related party transaction
Receivables from related parties	$ 5,310		$ 5,310		$ 3,773
GPC
Information on related party transaction
Expenses incurred from transactions with related parties			$ 77,100	$ 75,900
Notice period to terminate the receipt of services under the agreement			90 days
Receivables from related parties	248		$ 248		7
General Partner, Global GP LLC
Information on related party transaction
Expenses incurred from transactions with related parties	25,200	$ 26,600
Receivables from related parties	$ 5,062		$ 5,062		$ 3,766
Slifka Family [Member] | GPC
Related Party Transactions
Ownership interest	100.00%		100.00%

Long-Term Incentive Plan (Detai

Long-Term Incentive Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended		113 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018
Long-Term Incentive Plan
Number of common units initially authorized for issuance under LTIP (in shares)	4,300,000		4,300,000		4,300,000
Weighted Average Grant Date Fair Value
Compensation expenses	$ 1,200	$ 1,200	$ 3,600	$ 3,200
Reversal of stock based compensation		400		1,800
Unrecognized compensation cost related to the non-vested awards	$ 9,800		$ 9,800		$ 9,800
Repurchase Program
Aggregate common units authorized to be acquired (in shares)	1,242,427		1,242,427		1,242,427
Common units repurchased by General Partner (in shares)					838,505
Common units repurchased by General Partner	$ 0		$ 0		$ 24,800
Performance costs paid	$ 0	$ 0	$ 400	$ 800
Phantom Unit Awards [Member]
Number of Non-vested Units
Outstanding non-vested units at the beginning of the period (in shares)			949,217
Vested (in shares)			(99,076)
Forfeited (in shares)			(26,964)
Outstanding non-vested units at the end of the period (in shares)	823,177		823,177		823,177
Weighted Average Grant Date Fair Value
Outstanding non-vested units at the beginning of the period (in dollars per share)			$ 25.48
Vested (in dollars per share)			39.35
Forfeited (in dollars per share)			22.07
Outstanding non-vested units at the end of the period (in dollars per share)	$ 23.92		$ 23.92		$ 23.92

Partners' Equity and Cash Dis_3

Partners' Equity and Cash Distribution (Details) $ / shares in Units, $ in Thousands	Oct. 26, 2018$ / shares	Oct. 23, 2018$ / shares	Aug. 14, 2018USD ($)$ / shares	Aug. 07, 2018USD ($)$ / sharesshares	Jul. 27, 2018$ / shares	May 15, 2018USD ($)$ / shares	Apr. 27, 2018$ / shares	Feb. 14, 2018USD ($)$ / shares	Sep. 30, 2018USD ($)item$ / sharesshares	Dec. 31, 2017shares
Partners' Equity, Allocations and Cash Distributions
General partner interest (as a percent)									0.67%
Net proceeds from issuance of Series A preferred units | $									$ 66,366
Number of quarters of cash reserves to provide funds for distributions to unitholders and General Partner | item									4
Cash Distribution Payment
Per Unit Cash Distribution (in dollars per unit)			$ 0.4750			$ 0.4625		$ 0.4625
Cash distributions to general partner | $			$ 109			$ 106		$ 106
Incentive Distribution | $			67
Distributions, Total | $			16,325			15,829		15,829	$ 47,983
Distribution declared
Initial distribution rate (as a percentage)									9.75%
Liquidation preference (in dollars per unit)									$ 25
Redemption price (in dollars per unit)									$ 25
Change of control, redemption period									120 days
Change of control, common units to be received for each preferred unit | item									2.7100
London Interbank Offered Rate (LIBOR) [Member]
Distribution declared
Annual distribution after initial period, basis spread on variable rate (as a percentage)									6.774%
Subsequent event | Annualized Basis [Member]
Distribution declared
Quarterly cash distributions declared (in dollars per unit)	$ 1.90
Minimum
Distribution declared
Redemption notification period									30 days
Maximum
Distribution declared
Redemption notification period									60 days
General Partner, Global GP LLC
Cash Distribution Payment
Distributions, Total | $									$ 388
Increase (Decrease) in Partners' Capital [Roll Forward]
Units, ending balance | shares									230,303
First Target Distribution [Member] | Maximum
Partners' Equity, Allocations and Cash Distributions
Total Quarterly Distribution Target Amount (in dollars per unit)									$ 0.4625
First Target Distribution [Member] | General Partner, Global GP LLC
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions									0.67%
Second Target Distribution [Member] | Minimum
Partners' Equity, Allocations and Cash Distributions
Total Quarterly Distribution Target Amount (in dollars per unit)									$ 0.4625
Second Target Distribution [Member] | Maximum
Partners' Equity, Allocations and Cash Distributions
Total Quarterly Distribution Target Amount (in dollars per unit)									$ 0.5375
Second Target Distribution [Member] | General Partner, Global GP LLC
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions									13.67%
Third Target Distribution [Member] | Minimum
Partners' Equity, Allocations and Cash Distributions
Total Quarterly Distribution Target Amount (in dollars per unit)									$ 0.5375
Third Target Distribution [Member] | Maximum
Partners' Equity, Allocations and Cash Distributions
Total Quarterly Distribution Target Amount (in dollars per unit)									$ 0.6625
Third Target Distribution [Member] | General Partner, Global GP LLC
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions									23.67%
Thereafter | Minimum
Partners' Equity, Allocations and Cash Distributions
Total Quarterly Distribution Target Amount (in dollars per unit)									$ 0.6625
Thereafter | General Partner, Global GP LLC
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions									48.67%
Global Partners LP [Member] | Limited Partner Interest
Partners' Equity, Allocations and Cash Distributions
Limited partner ownership interest (as a percent)									99.33%
Affiliates of general partner | Global Partners LP [Member]
Partners' Equity, Allocations and Cash Distributions
Limited partner ownership interest (as a percent)									21.60%
Common Limited Partners
Partners' Equity, Allocations and Cash Distributions
Number of common units held | shares									33,744,168	33,645,092
Period of distribution of available cash after end of each quarter									45 days
Cash Distribution Payment
Cash distribution to common unitholders | $			$ 16,149			$ 15,723		$ 15,723
Distribution declared
Quarterly cash distributions declared (in dollars per unit)					$ 0.4750		$ 0.4625
Common Limited Partners | Annualized Basis [Member]
Distribution declared
Quarterly cash distributions declared (in dollars per unit)	1.9
Common Limited Partners | Subsequent event
Distribution declared
Quarterly cash distributions declared (in dollars per unit)	0.4750
Common Limited Partners | Subsequent event | Annualized Basis [Member]
Distribution declared
Quarterly cash distributions declared (in dollars per unit)	1.9
Common Limited Partners | Limited Partner Interest
Cash Distribution Payment
Distributions, Total | $									$ 47,595
Increase (Decrease) in Partners' Capital [Roll Forward]
Units, ending balance | shares									33,995,563
Common Limited Partners | First Target Distribution [Member] | Limited Partner Interest
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions									99.33%
Common Limited Partners | Second Target Distribution [Member] | Limited Partner Interest
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions									86.33%
Common Limited Partners | Third Target Distribution [Member] | Limited Partner Interest
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions									76.33%
Common Limited Partners | Thereafter | Limited Partner Interest
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions									51.33%
Common Limited Partners | Affiliates of general partner
Partners' Equity, Allocations and Cash Distributions
Number of common units held | shares									7,347,370
Common Limited Partners | Affiliates of general partner | Limited Partner Interest
Increase (Decrease) in Partners' Capital [Roll Forward]
Units, ending balance | shares									7,347,370
Series A Preferred Limited Partners
Partners' Equity, Allocations and Cash Distributions
Number of common units held | shares									2,760,000	0
Number of units sold | shares				2,760,000
Sale price (in dollars per unit)				$ 25
Net proceeds from issuance of Series A preferred units | $				$ 66,400
Distribution declared
Quarterly cash distributions declared (in dollars per unit)		$ 0.6635
Initial period distribution (in dollars per unit)	$ 0.6635
Initial distribution rate (as a percentage)				9.75%
Liquidation preference (in dollars per unit)				$ 25
Series A Preferred Limited Partners | Annualized Basis [Member]
Distribution declared
Initial period distribution (in dollars per unit)									$ 2.4375
Series A Preferred Limited Partners | Subsequent event
Distribution declared
Quarterly cash distributions declared (in dollars per unit)		$ 0.6635

Unitholders' Equity (Details)

Unitholders' Equity (Details) - Common Limited Partners - Limited Partner Interest - At The Market Offering Program - USD ($) $ in Millions	9 Months Ended	40 Months Ended
	Sep. 30, 2018	Sep. 30, 2018
Limited Partners' Capital Account [Line Items]
Aggregate offering price	$ 50
Number of units sold		0

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands, gal in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)gal	Sep. 30, 2017USD ($)gal	Sep. 30, 2018USD ($)gal	Sep. 30, 2017USD ($)gal
Summarized financial information for the Partnership's reportable segments
Sales	$ 3,468,835	$ 2,159,746	$ 9,398,301	$ 6,520,060
Product margin	157,233	172,290	493,222	492,525
Depreciation allocated to cost of sales	(22,259)	(22,196)	(64,657)	(67,042)
Gross profit	134,974	150,094	428,565	425,483
Wholesale Segment
Summarized financial information for the Partnership's reportable segments
Sales	1,889,653	962,035	5,061,951	3,132,503
Product margin	3,155	36,606	88,785	119,953
Wholesale Segment | Gasoline and gasoline blendstocks
Summarized financial information for the Partnership's reportable segments
Sales	1,594,543	559,685	3,615,862	1,526,452
Product margin	5,586	30,422	54,423	64,415
Wholesale Segment | Crude Oil
Summarized financial information for the Partnership's reportable segments
Sales	15,643	109,923	74,047	356,594
Product margin	(7,606)	(8,405)	2,885	3,248
Wholesale Segment | Distillates, residual oil and propane sales
Summarized financial information for the Partnership's reportable segments
Sales	279,467	292,427	1,372,042	1,249,457
Product margin	5,175	14,589	31,477	52,290
Gasoline Distribution and Station Operations Segment
Summarized financial information for the Partnership's reportable segments
Sales	1,235,010	992,296	3,401,361	2,783,132
Product margin	148,600	130,662	387,913	359,237
Gasoline Distribution and Station Operations Segment | Gasoline
Summarized financial information for the Partnership's reportable segments
Sales	1,110,529	897,440	3,088,906	2,524,823
Product margin	91,335	84,170	238,434	230,608
Gasoline Distribution and Station Operations Segment | Station operations (convenience stores, rental and sundries)
Summarized financial information for the Partnership's reportable segments
Sales	124,481	94,856	312,455	258,309
Product margin	57,265	46,492	149,479	128,629
Commercial Segment
Summarized financial information for the Partnership's reportable segments
Sales	344,172	205,415	934,989	604,425
Product margin	$ 5,478	$ 5,022	$ 16,524	$ 13,335
Intersegment transaction | Gasoline Distribution and Station Operations Segment
Summarized financial information for the Partnership's reportable segments
Sales volume supplied by Wholesale to GDSO (in gallons) | gal	144	123	388	361

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Reconciliation of the totals reported for the reportable segments to the applicable line items in the consolidated financial statements
Combined gross profit	$ 134,974		$ 150,094	$ 428,565	$ 425,483
Operating costs and expenses
Selling, general and administrative expenses	42,127		40,134	121,447	111,600
Operating expenses	83,776		70,338	234,043	208,720
Gain on trustee taxes		$ (52,627)		(52,627)
Lease exit and termination gain	(3,506)			(3,506)
Amortization expense	3,079		2,260	7,984	6,781
Net loss (gain) on sale and disposition of assets	940		2,190	5,840	(7,291)
Goodwill and long-lived asset impairment	414		809	414	809
Total operating costs and expenses	126,830		115,731	313,595	320,619
Operating income	8,144		34,363	114,970	104,864
Interest expense	(22,579)		(20,626)	(65,637)	(65,836)
Income tax (expense) benefit	(29)		723	900	(72)
Net (loss) income	(14,464)		14,460	50,233	38,956
Net loss attributable to noncontrolling interest	384		418	1,142	1,242
Net (loss) income attributable to Global Partners LP	(14,080)		14,878	51,375	40,198
Unallocated
Operating costs and expenses
Selling, general and administrative expenses	42,127		40,134	121,447	111,600
Operating expenses	83,776		70,338	234,043	208,720
Gain on trustee taxes				(52,627)
Lease exit and termination gain	(3,506)			(3,506)
Amortization expense	3,079		2,260	7,984	6,781
Net loss (gain) on sale and disposition of assets	940		2,190	5,840	(7,291)
Goodwill and long-lived asset impairment	414		809	414	809
Total operating costs and expenses	$ 126,830		$ 115,731	$ 313,595	$ 320,619

Segment Reporting - Assets (Det

Segment Reporting - Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Segment assets
Total	$ 2,575,330	$ 2,320,169
Unallocated
Segment assets
Total	404,699	424,935
Wholesale Segment
Segment assets
Total	723,006	613,764
Commercial Segment
Segment assets
Total		100
Gasoline Distribution and Station Operations Segment
Segment assets
Total	$ 1,447,625	$ 1,281,370

Business Combination (Details)

Business Combination (Details) $ in Thousands	Jul. 24, 2018USD ($)location	Jul. 17, 2018USD ($)location	Oct. 18, 2017USD ($)location	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)item	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Jul. 24, 2018USD ($)	Jul. 17, 2018USD ($)	Oct. 18, 2017USD ($)
Acquisitions
Number of owned, leased and/or supplied gasoline stations | item						1,589
Number of convenience stores | item						301
Preliminary allocation of the purchase price
Goodwill				$ 352,550		$ 312,401		$ 352,550
Roll forward of the Partnership's goodwill
Goodwill, Beginning Balance						312,401
Goodwill, Ending Balance				352,550		352,550
Amortization expense				3,079	$ 2,260	7,984	$ 6,781
VERMONT
Acquisitions
Number of owned, leased and/or supplied gasoline stations | location	1
Cheshire Oil Company [Member]
Acquisitions
Number of owned, leased and/or supplied gasoline stations | location	10
Purchase price including contingent consideration	$ 33,400
Preliminary allocation of the purchase price
Inventory									$ 1,591
Property and equipment									26,943
Intangibles									337
Total identifiable assets purchased									28,871
Environmental liabilities									(1,174)
Other non-current liabilities									(109)
Total liabilities assumed									(1,283)
Net identifiable assets acquired									27,588
Goodwill	5,853								5,853
Net assets acquired									33,441
Roll forward of the Partnership's goodwill
Goodwill, Ending Balance	$ 5,853
Weighted average life	1 year
Amount of goodwill deductible for tax purposes									$ 5,900
Acquisition related costs
Acquisition related costs incurred				400		400
Cheshire Oil Company [Member] | NEW HAMPSHIRE
Acquisitions
Number of owned, leased and/or supplied gasoline stations | location	9
Champlain Oil Company [Member]
Acquisitions
Number of owned, leased and/or supplied gasoline stations | location		37
Number of fuel sites owned or leased | location		24
Number of gas stations under fuel supply agreements | location		65
Purchase price including contingent consideration		$ 138,400
Preliminary allocation of the purchase price
Inventory										$ 5,653
Prepaid expenses and other current assets										270
Property and equipment										93,175
Intangibles										13,576
Total identifiable assets purchased										112,674
Accrued expenses and other current liabilities										(176)
Environmental liabilities										(10,757)
Other non-current liabilities										(938)
Total liabilities assumed										(11,871)
Net identifiable assets acquired										100,803
Goodwill		37,580								37,580
Net assets acquired										138,383
Roll forward of the Partnership's goodwill
Goodwill, Ending Balance		$ 37,580
Amortization expense				600		600
Amount of goodwill deductible for tax purposes										$ 37,600
Acquisition related costs
Acquisition related costs incurred				3,300		3,500
Champlain Oil Company [Member] | Minimum
Roll forward of the Partnership's goodwill
Weighted average life		1 year
Champlain Oil Company [Member] | Maximum
Roll forward of the Partnership's goodwill
Weighted average life		10 years
Honey Farms Acquisition [Member]
Acquisitions
Number of owned, leased and/or supplied gasoline stations | location			11
Number of convenience stores | location			22
Purchase price			$ 38,500
Preliminary allocation of the purchase price
Inventory											$ 2,999
Property and equipment											14,087
Intangibles											1,370
Other non-current assets											3
Total identifiable assets purchased											18,459
Environmental liabilities											(1,119)
Other non-current liabilities											(352)
Total liabilities assumed											(1,471)
Net identifiable assets acquired											16,988
Goodwill			21,491	21,491		21,630		21,491			21,491
Net assets acquired											$ 38,479
Roll forward of the Partnership's goodwill
Goodwill, Beginning Balance						21,630
Acquisition of Honey Farms - change in goodwill						(139)
Goodwill, Ending Balance			$ 21,491	21,491		21,491
Amortization expense				$ 200		$ 700
Amount of goodwill deductible for tax purposes								$ 21,500
Honey Farms Acquisition [Member] | Leases, Acquired-in-Place [Member]
Roll forward of the Partnership's goodwill
Weighted average life			1 year
Amortization period prior to next renewal						3 years
Honey Farms Acquisition [Member] | Favorable leasehold interests
Roll forward of the Partnership's goodwill
Weighted average life			3 years
Amortization period prior to next renewal						2 years
Honey Farms Acquisition [Member] | Franchise Rights [Member]
Roll forward of the Partnership's goodwill
Weighted average life			3 years
Amortization period prior to next renewal						4 years

Income Taxes (Details)

Income Taxes (Details) $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)item	Dec. 31, 2017USD ($)
Income Taxes
Number of wholly owned subsidiaries which are taxable for federal and state income tax purposes | item	1
Increase in valuation allowance for state net operating loss carryforwards	$ 0.3
Unrecognized tax benefits	1	$ 1
Portion of unrecognized tax benefits that would impact the effective tax rate if recognized	$ 1	$ 1

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018
Changes in Accumulated Other Comprehensive Loss
Balance, beginning of period		$ 394,318
Balance, end of period	$ 466,482	466,482
Pension Plan
Changes in Accumulated Other Comprehensive Loss
Balance, beginning of period	(5,351)	(5,333)
Other comprehensive income before reclassifications of gain (loss)	584	598
Amount of gain (loss) reclassified from accumulated other comprehensive income	(16)	(48)
Total other comprehensive (loss) income	568	550
Balance, end of period	(4,783)	(4,783)
Derivatives
Changes in Accumulated Other Comprehensive Loss
Balance, beginning of period	88	(135)
Other comprehensive income before reclassifications of gain (loss)	(67)	156
Total other comprehensive (loss) income	(67)	156
Balance, end of period	21	21
Accumulated Other Comprehensive Loss
Changes in Accumulated Other Comprehensive Loss
Balance, beginning of period	(5,263)	(5,468)
Other comprehensive income before reclassifications of gain (loss)	517	754
Amount of gain (loss) reclassified from accumulated other comprehensive income	(16)	(48)
Total other comprehensive (loss) income	501	706
Balance, end of period	$ (4,762)	$ (4,762)

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Working Capital Facility [Member]
Borrowing from credit facility	$ 1,595,000	$ 946,200
Payments on credit facility	(1,414,000)	(1,231,600)
Net (payments on) borrowings from credit facility	181,000	(285,400)
Revolving Credit Facility [Member]
Borrowing from credit facility	166,000
Payments on credit facility	(117,800)	(26,700)
Net (payments on) borrowings from credit facility	$ 48,200	$ (26,700)

Legal Proceedings (Details)

Legal Proceedings (Details) gal in Millions	3 Months Ended
	Jun. 30, 2016itemgal	Sep. 30, 2018a
Alleged Violations of Clean Air Act at Albany Terminal [Member]
Other legal proceedings
Terminal area (in acres) | a		63
Damages from Product Defects [Member]
Other legal proceedings
Number of terminals affected | item	1
Quantity of product affected (in gallons) | gal	14

Subsequent Event (Details)

Subsequent Event (Details) - $ / shares	Oct. 26, 2018	Oct. 23, 2018	Jul. 27, 2018	Apr. 27, 2018
Series A Preferred Limited Partners
Subsequent Event
Quarterly cash distributions declared (in dollars per unit)		$ 0.6635
Common Limited Partners
Subsequent Event
Quarterly cash distributions declared (in dollars per unit)			$ 0.4750	$ 0.4625
Subsequent event | Series A Preferred Limited Partners
Subsequent Event
Quarterly cash distributions declared (in dollars per unit)		$ 0.6635
Subsequent event | Common Limited Partners
Subsequent Event
Quarterly cash distributions declared (in dollars per unit)	$ 0.4750

Supp Guarantor Cond Cons Fin St

Supp Guarantor Cond Cons Fin Stmts - B/S (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 12,451	$ 10,855	$ 14,858	$ 10,028
Accounts receivable, net	407,537		417,263
Accounts receivable-affiliates	5,310		3,773
Inventories	481,457		350,743
Brokerage margin deposits	15,226		9,681
Derivative assets	7,281		3,840
Prepaid expenses and other current assets	89,599		77,977
Total current assets	1,018,861		878,135
Property and equipment, net	1,109,892		1,036,667
Intangible assets, net	62,221		56,545
Goodwill	352,550		312,401
Other assets	31,806		36,421
Total assets	2,575,330		2,320,169
Current liabilities:
Accounts payable	336,530		313,412
Working capital revolving credit facility - current portion	307,700		126,700
Current portion	307,700		126,700
Environmental liabilities-current portion	5,001		5,009
Trustee taxes payable	37,734		110,321
Accrued expenses and other current liabilities	97,377		99,507
Derivative liabilities	13,944		13,708
Total current liabilities	798,286		668,657
Working capital revolving credit facility-less current portion	100,000		100,000
Revolving credit facility	244,200		196,000
Senior notes	663,775		661,774
Environmental liabilities-less current portion	60,320		52,968
Financing obligations	150,132		150,334
Deferred tax liabilities	38,563		40,105
Other long-term liabilities	53,572		56,013
Total liabilities	2,108,848		1,925,851
Partners' equity
Total Global Partners LP equity	464,259		390,953
Noncontrolling interest	2,223		3,365
Total partners' equity	466,482		394,318
Total liabilities and partners' equity	2,575,330		2,320,169
Reportable Legal Entities [Member] | (Issuer) Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	11,281	9,591	13,035	9,373
Accounts receivable, net	407,467		416,974
Accounts receivable-affiliates	5,310		3,773
Inventories	481,457		350,743
Brokerage margin deposits	15,226		9,681
Derivative assets	7,281		3,840
Prepaid expenses and other current assets	89,435		77,889
Total current assets	1,017,457		875,935
Property and equipment, net	1,105,406		1,029,864
Intangible assets, net	62,221		56,545
Goodwill	352,550		312,401
Other assets	31,806		36,421
Total assets	2,569,440		2,311,166
Current liabilities:
Accounts payable	336,477		313,265
Accounts payable - affiliates	(34)		(148)
Working capital revolving credit facility - current portion	307,700		126,700
Current portion	307,700		126,700
Environmental liabilities-current portion	5,001		5,009
Trustee taxes payable	37,734		110,321
Accrued expenses and other current liabilities	97,209		99,288
Derivative liabilities	13,944		13,708
Total current liabilities	798,031		668,143
Working capital revolving credit facility-less current portion	100,000		100,000
Revolving credit facility	244,200		196,000
Senior notes	663,775		661,774
Environmental liabilities-less current portion	60,320		52,968
Financing obligations	150,132		150,334
Deferred tax liabilities	38,563		40,105
Other long-term liabilities	53,572		56,013
Total liabilities	2,108,593		1,925,337
Partners' equity
Total Global Partners LP equity	460,847		385,829
Total partners' equity	460,847		385,829
Total liabilities and partners' equity	2,569,440		2,311,166
Reportable Legal Entities [Member] | Non-Guarantor Subsidiary
Current assets:
Cash and cash equivalents	1,170	$ 1,264	1,823	$ 655
Accounts receivable, net	7		218
Accounts receivable-affiliates	63		71
Prepaid expenses and other current assets	164		88
Total current assets	1,404		2,200
Property and equipment, net	4,486		6,803
Total assets	5,890		9,003
Current liabilities:
Accounts payable	53		147
Accounts payable - affiliates	34		148
Accrued expenses and other current liabilities	168		219
Total current liabilities	255		514
Total liabilities	255		514
Partners' equity
Total Global Partners LP equity	3,412		5,124
Noncontrolling interest	2,223		3,365
Total partners' equity	5,635		8,489
Total liabilities and partners' equity	5,890		9,003
Eliminations
Current assets:
Accounts receivable, net	63		71
Accounts receivable-affiliates	$ (63)		$ (71)
Global Partners Wholly-Owned Subsidiaries [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Ownership interest (as a percent)	100.00%	100.00%

Supp Guarantor Cond Cons Fin _2

Supp Guarantor Cond Cons Fin Stmts - I/S (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Condensed Income Statements, Captions [Line Items]
Sales	$ 3,468,835		$ 2,159,746	$ 9,398,301	$ 6,520,060
Cost of sales	3,333,861		2,009,652	8,969,736	6,094,577
Gross profit	134,974		150,094	428,565	425,483
Costs and operating expenses:
Selling, general and administrative expenses	42,127		40,134	121,447	111,600
Operating expenses	83,776		70,338	234,043	208,720
Gain on trustee taxes		$ (52,627)		(52,627)
Lease exit and termination gain	(3,506)			(3,506)
Amortization expense	3,079		2,260	7,984	6,781
Net loss (gain) on sale and disposition of assets	940		2,190	5,840	(7,291)
Goodwill and long-lived asset impairment	414		809	414	809
Total operating costs and expenses	126,830		115,731	313,595	320,619
Operating income	8,144		34,363	114,970	104,864
Interest expense	(22,579)		(20,626)	(65,637)	(65,836)
(Loss) income before income tax (expense) benefit	(14,435)		13,737	49,333	39,028
Income tax benefit (expense)	(29)		723	900	(72)
Net (loss) income	(14,464)		14,460	50,233	38,956
Net loss attributable to noncontrolling interest	384		418	1,142	1,242
Net (loss) income attributable to Global Partners LP	(14,080)		14,878	51,375	40,198
Less: General partner’s interest in net (loss) income, including incentive distribution rights	(27)		100	479	270
Reportable Legal Entities [Member] | (Issuer) Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Sales	3,468,748		2,159,174	9,397,696	6,518,172
Cost of sales	3,333,316		2,008,467	8,967,733	6,091,125
Gross profit	135,432		150,707	429,963	427,047
Costs and operating expenses:
Selling, general and administrative expenses	42,026		40,049	121,154	111,280
Operating expenses	83,376		69,991	232,880	207,483
Gain on trustee taxes				(52,627)
Lease exit and termination gain	(3,506)			(3,506)
Amortization expense	3,079		2,260	7,984	6,781
Net loss (gain) on sale and disposition of assets	940		2,190	5,840	(7,274)
Goodwill and long-lived asset impairment	414		809	414	809
Total operating costs and expenses	126,329		115,299	312,139	319,079
Operating income	9,103		35,408	117,824	107,968
Interest expense	(22,579)		(20,626)	(65,637)	(65,836)
(Loss) income before income tax (expense) benefit	(13,476)		14,782	52,187	42,132
Income tax benefit (expense)	(29)		723	900	(72)
Net (loss) income	(13,505)		15,505	53,087	42,060
Net (loss) income attributable to Global Partners LP	(13,505)		15,505	53,087	42,060
Less: General partner’s interest in net (loss) income, including incentive distribution rights	(27)		100	479	270
Reportable Legal Entities [Member] | Non-Guarantor Subsidiary
Condensed Income Statements, Captions [Line Items]
Sales	230		645	923	2,248
Cost of sales	688		1,258	2,321	3,812
Gross profit	(458)		(613)	(1,398)	(1,564)
Costs and operating expenses:
Selling, general and administrative expenses	101		85	293	320
Operating expenses	400		347	1,163	1,237
Net loss (gain) on sale and disposition of assets					(17)
Total operating costs and expenses	501		432	1,456	1,540
Operating income	(959)		(1,045)	(2,854)	(3,104)
(Loss) income before income tax (expense) benefit	(959)		(1,045)	(2,854)	(3,104)
Net (loss) income	(959)		(1,045)	(2,854)	(3,104)
Net loss attributable to noncontrolling interest	384		418	1,142	1,242
Net (loss) income attributable to Global Partners LP	(575)		(627)	(1,712)	(1,862)
Eliminations
Condensed Income Statements, Captions [Line Items]
Sales	(143)		(73)	(318)	(360)
Cost of sales	(143)		(73)	(318)	(360)
Series A Preferred Limited Partners
Costs and operating expenses:
Limited partners' interest in net income (loss)	1,009			1,009
Series A Preferred Limited Partners | Reportable Legal Entities [Member] | (Issuer) Guarantor Subsidiaries
Costs and operating expenses:
Limited partners' interest in net income (loss)	1,009			1,009
Common Limited Partners
Costs and operating expenses:
Limited partners' interest in net income (loss)	(15,062)		14,778	49,887	39,928
Common Limited Partners | Reportable Legal Entities [Member] | (Issuer) Guarantor Subsidiaries
Costs and operating expenses:
Limited partners' interest in net income (loss)	(14,487)		15,405	51,599	41,790
Common Limited Partners | Reportable Legal Entities [Member] | Non-Guarantor Subsidiary
Costs and operating expenses:
Limited partners' interest in net income (loss)	$ (575)		$ (627)	$ (1,712)	$ (1,862)

Supp Guarantor Cond Cons Fin _3

Supp Guarantor Cond Cons Fin Stmts - SCF (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities
Net cash provided by operating activities	$ (45,902)	$ 362,441
Cash flows from investing activities
Acquisitions	(171,824)
Capital expenditures	(43,461)	(31,646)
Seller note issuances	(3,062)
Proceeds from sale of property and equipment	14,930	29,804
Net cash (used in) provided by investing activities	(203,417)	(1,842)
Cash flows from financing activities
Proceeds from Issuance of Preferred Limited Partners Units	66,366
LTIP units withheld for tax obligations	(806)	(516)
Noncontrolling interest capital contribution		279
Distribution to noncontrolling interest		(465)
Distributions to partners	(47,848)	(46,970)
Net cash provided by (used in) financing activities	246,912	(359,772)
Cash and cash equivalents
Increase in cash and cash equivalents	(2,407)	827
Cash and cash equivalents at beginning of period	14,858	10,028
Cash and cash equivalents at end of period	12,451	10,855
Revolving Credit Facility [Member]
Cash flows from financing activities
Net borrowings from (payments on) credit facility	48,200	(26,700)
Working Capital Facility [Member]
Cash flows from financing activities
Net borrowings from (payments on) credit facility	181,000	(285,400)
(Issuer) Guarantor Subsidiaries | Reportable Legal Entities [Member]
Cash flows from operating activities
Net cash provided by operating activities	(45,249)	361,387
Cash flows from investing activities
Acquisitions	(171,824)
Capital expenditures	(43,461)	(31,646)
Seller note issuances	(3,062)
Proceeds from sale of property and equipment	14,930	29,784
Net cash (used in) provided by investing activities	(203,417)	(1,862)
Cash flows from financing activities
Proceeds from Issuance of Preferred Limited Partners Units	66,366
LTIP units withheld for tax obligations	(806)	(516)
Noncontrolling interest capital contribution		279
Distributions to partners	(47,848)	(46,970)
Net cash provided by (used in) financing activities	246,912	(359,307)
Cash and cash equivalents
Increase in cash and cash equivalents	(1,754)	218
Cash and cash equivalents at beginning of period	13,035	9,373
Cash and cash equivalents at end of period	11,281	9,591
(Issuer) Guarantor Subsidiaries | Revolving Credit Facility [Member] | Reportable Legal Entities [Member]
Cash flows from financing activities
Net borrowings from (payments on) credit facility	48,200	(26,700)
(Issuer) Guarantor Subsidiaries | Working Capital Facility [Member] | Reportable Legal Entities [Member]
Cash flows from financing activities
Net borrowings from (payments on) credit facility	181,000	(285,400)
Non-Guarantor Subsidiary | Reportable Legal Entities [Member]
Cash flows from operating activities
Net cash provided by operating activities	(653)	1,054
Cash flows from investing activities
Proceeds from sale of property and equipment		20
Net cash (used in) provided by investing activities		20
Cash flows from financing activities
Distribution to noncontrolling interest		(465)
Net cash provided by (used in) financing activities		(465)
Cash and cash equivalents
Increase in cash and cash equivalents	(653)	609
Cash and cash equivalents at beginning of period	1,823	655
Cash and cash equivalents at end of period	$ 1,170	$ 1,264