Global Partners (GLP) 10-Q 8 Nov 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Nov. 06, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Securities Act File Number	001-32593
Entity Registrant Name	Global Partners LP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	74-3140887
Entity Address, Address Line One	P.O. Box 9161
Entity Address, Address Line Two	800 South Street
Entity Address, City or Town	Waltham
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02454-9161
City Area Code	781
Local Phone Number	894-8800
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		33,995,563
Entity Central Index Key	0001323468
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common Limited Partners
Document Information [Line Items]
Title of 12(b) Security	Common Units representing limited partner interests
Trading Symbol	GLP
Security Exchange Name	NYSE
Series B Preferred Limited Partners
Document Information [Line Items]
Title of 12(b) Security	9.50% Series B Fixed Rate Cumulative Redeemable
Trading Symbol	GLP pr B
Security Exchange Name	NYSE

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 20,567	$ 19,642
Accounts receivable, net	471,898	551,764
Accounts receivable-affiliates	6,107	8,142
Inventories	499,472	397,314
Brokerage margin deposits	18,482	12,779
Derivative assets	25,364	17,656
Prepaid expenses and other current assets	83,027	90,531
Total current assets	1,124,917	1,097,828
Property and equipment, net	1,661,397	1,513,545
Right of use assets, net	306,191	252,849
Intangible assets, net	19,372	20,718
Goodwill	422,342	429,215
Equity method investments	89,283	94,354
Other assets	41,613	37,502
Total assets	3,665,115	3,446,011
Current liabilities:
Accounts payable	454,478	648,717
Working capital revolving credit facility-current portion	219,200	16,800
Lease liability-current portion	49,704	59,944
Environmental liabilities-current portion	5,493	5,057
Trustee taxes payable	69,522	67,398
Accrued expenses and other current liabilities	182,486	179,887
Derivative liabilities	2,392	4,987
Total current liabilities	983,275	982,790
Revolving credit facility	177,000	380,000
Senior notes	1,186,025	742,720
Lease liability-less current portion	262,754	200,195
Environmental liabilities-less current portion	72,510	71,092
Financing obligations	135,569	138,485
Deferred tax liabilities	64,156	68,909
Other long-term liabilities	60,504	61,160
Total liabilities	2,941,793	2,645,351
Partners' equity
General partner interest (0.67% interest with 230,303 equivalent units outstanding at September 30, 2024 and December 31, 2023)	2,806	1,828
Accumulated other comprehensive (loss) income	457	381
Total partners' equity	723,322	800,660
Total liabilities and partners' equity	3,665,115	3,446,011
Series A Preferred Limited Partners
Partners' equity
Limited partner interest		67,476
Series B Preferred Limited Partners
Partners' equity
Limited partner interest	72,305	72,305
Common Limited Partners
Partners' equity
Limited partner interest	$ 647,754	$ 658,670

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Sep. 30, 2024	Dec. 31, 2023
General partner interest (as a percent)	0.67%	0.67%
General partner interest, equivalent units outstanding	230,303	230,303
Series A Preferred Limited Partners
Limited partner interest, units issued	0	2,760,000
Limited partner interest, units outstanding	0	2,760,000
Series B Preferred Limited Partners
Limited partner interest, units issued	3,000,000	3,000,000
Limited partner interest, units outstanding	3,000,000	3,000,000
Common Limited Partners
Limited partner interest, units issued	33,995,563	33,995,563
Limited partner interest, units outstanding	33,727,256	33,882,357

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Sales	$ 4,422,238,000	$ 4,221,045,000	$ 12,977,328,000	$ 12,083,062,000
Cost of sales	4,136,189,000	3,992,525,000	12,188,260,000	11,389,819,000
Gross profit	286,049,000	228,520,000	789,068,000	693,243,000
Costs and operating expenses:
Selling, general and administrative expenses	70,495,000	63,479,000	212,646,000	192,431,000
Operating expenses	137,126,000	115,944,000	387,235,000	334,676,000
Amortization expense	2,288,000	2,017,000	6,146,000	6,119,000
Net gain on sale and disposition of assets	(7,805,000)	(897,000)	(10,609,000)	(2,141,000)
Long-lived asset impairment	492,000	0	492,000	0
Total costs and operating expenses	202,596,000	180,543,000	595,910,000	531,085,000
Operating income	83,453,000	47,977,000	193,158,000	162,158,000
Other (loss) income and (expense):
(Loss) income from equity method investments	(147,000)	1,180,000	(1,872,000)	2,384,000
Interest expense	(35,129,000)	(21,089,000)	(100,356,000)	(64,963,000)
Income before income tax expense	48,177,000	28,068,000	90,930,000	99,579,000
Income tax expense	(2,255,000)	(1,260,000)	(4,461,000)	(2,351,000)
Net income	45,922,000	26,808,000	86,469,000	97,228,000
Less: General partner's interest in net income, including incentive distribution rights	4,118,000	2,560,000	11,056,000	6,681,000
Preferred Limited Partners
Other (loss) income and (expense):
Limited partners' interest in net income	1,781,000	3,712,000	7,794,000	10,638,000
Redemption of Series A preferred limited partner units			2,634,000
Common Limited Partners
Other (loss) income and (expense):
Limited partners' interest in net income	$ 40,023,000	$ 20,536,000	$ 64,985,000	$ 79,909,000
Basic net income per common limited partner unit	$ 1.18	$ 0.60	$ 1.92	$ 2.35
Diluted net income per common limited partner unit	$ 1.17	$ 0.60	$ 1.90	$ 2.35
Basic weighted average common limited partner units outstanding	33,781	33,983	33,884	33,985
Diluted weighted average common limited partner units outstanding	34,193	34,063	34,255	34,026

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 45,922	$ 26,808	$ 86,469	$ 97,228
Other comprehensive (loss) income:
Change in pension liability	990	(162)	76	962
Total other comprehensive (loss) income	990	(162)	76	962
Comprehensive income	$ 46,912	$ 26,646	$ 86,545	$ 98,190

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net income	$ 86,469,000	$ 97,228,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	103,505,000	80,952,000
Amortization of deferred financing fees	5,576,000	4,134,000
Bad debt expense	16,000	642,000
Unit-based compensation expense	11,432,000	5,661,000
Write-off of financing fees	1,440,000	482,000
Net gain on sale and disposition of assets	(10,609,000)	(2,141,000)
Long-lived asset impairment	492,000	0
Loss (income) from equity method investments	1,872,000	(2,384,000)
Dividends received on equity method investments	204,000	850,000
Changes in operating assets and liabilities:
Accounts receivable	79,850,000	(43,284,000)
Accounts receivable-affiliate	2,035,000	(1,599,000)
Inventories	(105,314,000)	175,268,000
Broker margin deposits	(5,703,000)	(2,013,000)
Prepaid expenses, all other current assets and other assets	6,368,000	(8,672,000)
Accounts payable	(194,239,000)	27,288,000
Trustee taxes payable	2,124,000	17,707,000
Change in derivatives	(10,303,000)	29,208,000
Accrued expenses, all other current liabilities and other long-term liabilities	(10,862,000)	(36,302,000)
Net cash (used in) provided by operating activities	(35,647,000)	343,025,000
Cash flows from investing activities
Acquisitions	(215,000,000)	(1,500,000)
Equity method investments	(13,884,000)	(69,482,000)
Capital expenditures	(56,497,000)	(54,740,000)
Seller note issuances	(7,938,000)	(8,155,000)
Dividends received of equity method investments	16,879,000
Proceeds from sale of property and equipment, net	46,071,000	12,070,000
Net cash used in investing activities	(230,369,000)	(121,807,000)
Cash flows from financing activities
Proceeds from senior notes, net	441,301,000
Redemption of Series A preferred units	(69,000,000)
Repurchase of common units	(11,161,000)	(676,000)
LTIP units withheld for tax obligations	(1,818,000)	(469,000)
Distribution equivalent rights	(566,000)	(149,000)
Distributions to limited partners and general partner	(91,215,000)	(114,966,000)
Net cash provided by (used in) financing activities	266,941,000	(213,960,000)
Cash and cash equivalents
Increase in cash and cash equivalents	925,000	7,258,000
Cash and cash equivalents at beginning of period	19,642,000	4,040,000
Cash and cash equivalents at end of period	20,567,000	11,298,000
Supplemental information
Cash paid during the period for interest	87,650,000	62,832,000
Working Capital Facility
Cash flows from financing activities
Net (payments on) borrowings from working capital revolving credit facility	202,400,000	(87,700,000)
Non Working Capital Facility
Cash flows from financing activities
Net (payments on) borrowings from working capital revolving credit facility	$ (203,000,000)	$ (10,000,000)

CONSOLIDATED STATEMENTS OF PART

CONSOLIDATED STATEMENTS OF PARTNERS' EQUITY - USD ($) $ in Thousands	Common Unitholders Series A Preferred Limited Partners	Common Unitholders Series B Preferred Limited Partners	Common Unitholders Common Limited Partners	General Partner Interest	Accumulated Other Comprehensive Income (Loss)	Total
Balance, beginning of period at Dec. 31, 2022	$ 67,226	$ 72,305	$ 648,956	$ 406	$ (449)	$ 788,444
Increase (Decrease) in Partners' Capital
Net income	1,682	1,781	23,786	1,782		29,031
Distributions to limited partners and general partner	(1,682)	(1,781)	(53,458)	(1,952)		(58,873)
Unit-based compensation			1,094			1,094
Other comprehensive income (loss)					452	452
LTIP units withheld for tax obligations			(469)			(469)
Distribution equivalent rights			(406)			(406)
Dividends on repurchased units			15			15
Balance, end of period at Mar. 31, 2023	67,226	72,305	619,518	236	3	759,288
Balance, beginning of period at Dec. 31, 2022	67,226	72,305	648,956	406	(449)	788,444
Increase (Decrease) in Partners' Capital
Net income						97,228
Other comprehensive income (loss)						962
Balance, end of period at Sep. 30, 2023	67,475	72,305	633,027	1,155	513	774,475
Balance, beginning of period at Mar. 31, 2023	67,226	72,305	619,518	236	3	759,288
Increase (Decrease) in Partners' Capital
Net income	1,682	1,781	35,587	2,339		41,389
Distributions to limited partners and general partner	(1,682)	(1,781)	(22,267)	(1,749)		(27,479)
Unit-based compensation			2,067			2,067
Other comprehensive income (loss)					672	672
Distribution equivalent rights			(411)			(411)
Dividends on repurchased units			6			6
Balance, end of period at Jun. 30, 2023	67,226	72,305	634,500	826	675	775,532
Increase (Decrease) in Partners' Capital
Net income	1,931	1,781	20,536	2,560		26,808
Distributions to limited partners and general partner	(1,682)	(1,781)	(22,947)	(2,231)		(28,641)
Unit-based compensation			2,500			2,500
Other comprehensive income (loss)					(162)	(162)
Repurchase of common units			(676)			(676)
Distribution equivalent rights			(892)			(892)
Dividends on repurchased units			6			6
Balance, end of period at Sep. 30, 2023	67,475	72,305	633,027	1,155	513	774,475
Balance, beginning of period at Dec. 31, 2023	67,476	72,305	658,670	1,828	381	800,660
Increase (Decrease) in Partners' Capital
Net income	2,135	1,781	(12,654)	3,136		(5,602)
Distributions to limited partners and general partner	(2,135)	(1,781)	(23,797)	(3,037)		(30,750)
Unit-based compensation			2,596			2,596
Other comprehensive income (loss)					(584)	(584)
LTIP units withheld for tax obligations			(1,818)			(1,818)
Distribution equivalent rights			(519)			(519)
Dividends on repurchased units			21			21
Balance, end of period at Mar. 31, 2024	67,476	72,305	622,499	1,927	(203)	764,004
Balance, beginning of period at Dec. 31, 2023	67,476	72,305	658,670	1,828	381	800,660
Increase (Decrease) in Partners' Capital
Net income						86,469
Other comprehensive income (loss)						76
Balance, end of period at Sep. 30, 2024		72,305	647,754	2,806	457	723,322
Balance, beginning of period at Mar. 31, 2024	67,476	72,305	622,499	1,927	(203)	764,004
Increase (Decrease) in Partners' Capital
Redemption of preferred units	(66,366)		(2,634)			(69,000)
Net income	316	1,781	40,250	3,802		46,149
Distributions to limited partners and general partner	$ (1,426)	(1,781)	(24,137)	(3,359)		(30,703)
Unit-based compensation			4,115			4,115
Other comprehensive income (loss)					(330)	(330)
Repurchase of common units			(7,902)			(7,902)
Distribution equivalent rights			(777)			(777)
Dividends on repurchased units			19			19
Balance, end of period at Jun. 30, 2024		72,305	631,433	2,370	(533)	705,575
Increase (Decrease) in Partners' Capital
Net income		1,781	40,023	4,118		45,922
Distributions to limited partners and general partner		(1,781)	(24,477)	(3,682)		(29,940)
Unit-based compensation			4,721			4,721
Other comprehensive income (loss)					990	990
Repurchase of common units			(3,259)			(3,259)
Distribution equivalent rights			(825)			(825)
Dividends on repurchased units			138			138
Balance, end of period at Sep. 30, 2024		$ 72,305	$ 647,754	$ 2,806	$ 457	$ 723,322

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2024
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 master limited partnership formed in March 2005. The Partnership owns, controls or has access to a large terminal network of refined petroleum products and renewable fuels—with connectivity to strategic rail, pipeline and marine assets—spanning from Maine to Florida and into the U.S. Gulf States. The Partnership is one of the largest independent owners, suppliers and operators of gasoline stations and convenience stores, primarily in Massachusetts, Maine, Connecticut, Vermont, New Hampshire, Rhode Island, New York, New Jersey and Pennsylvania (collectively, the “Northeast”) and Maryland and Virginia. As of September 30, 2024, the Partnership had a portfolio of LLC (“SPR”). The Partnership is also 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 engages 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 and in the transportation of petroleum products and renewable fuels by rail 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 and for substantially all of the employees who primarily or exclusively provide services to SPR, who are employed by SPR Operator LLC (“SPR Operator”), also 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, 2024, affiliates of the General Partner, including its directors and executive officers and their affiliates, owned ​ 2024 Events ​ Redemption of Series A Preferred Units outstanding Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) a . longer outstanding. ​ Acquisition of Terminals from Gulf Oil product terminals from Gulf Oil Limited Partnership. See Note 2 for additional information. ​ Credit Agreement Facility Reallocation and Accordion Reduction . After giving effect to the reallocation and the accordion reduction, the working capital revolving credit facility is 8, 2024. agreed to by the Partnership and the lenders on December 7, 2023 . See Note 7 for additional information on the credit agreement. ​ 2032 Notes Offering senior notes due 2032 (the “2032 Notes”) that are guaranteed by certain of the Partnership’s subsidiaries in a private placement exempt from the registration requirements under the Securities Act of 1933, as amended. The Partnership used the net proceeds from the offering to repay a portion of the borrowings outstanding under its credit agreement and for general corporate purposes. See Note 7 for additional information on the credit agreement. ​ Basis of Presentation ​ The accompanying consolidated financial statements as of September 30, 2024 and December 31, 2023 and for the three and nine months ended September 30, 2024 and 2023 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, 2023 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. ​ The results of operations for the three and nine months ended September 30, 2024 are not necessarily indicative of the results of operations that will be realized for the entire year ending December 31, 2024. The consolidated balance sheet at December 31, 2023 has been derived from the audited consolidated financial statements included in the Partnership’s Annual Report on Form ​ Concentration of Risk ​ Due to the nature of the Partnership’s businesses 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 months. 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, ​ ​ 2024 2023 2024 2023 Gasoline sales: gasoline and gasoline blendstocks (such as ethanol) 70 % 73 % 67 % 68 % Distillates (home heating oil, diesel and kerosene), residual oil and crude oil sales 27 % 23 % 30 % 28 % Convenience store and prepared food sales, rental income and sundries ​ 3 % 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, ​ ​ 2024 2023 2024 2023 Wholesale segment 22 % 15 % 24 % 20 % Gasoline Distribution and Station Operations segment 75 % 82 % 73 % 77 % Commercial segment ​ 3 % 3 % 3 % 3 % Total 100 % 100 % 100 % 100 % ​ See Note 14, “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, 2024 and 2023.

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2024
Acquisition
Acquisition	Note 2. Acquisition ​ Acquisition of Terminals from Gulf Oil LLC 23, 2024. The acquisition price was approximately million, excluding inventory acquired from Gulf Oil. The Partnership financed the transaction with borrowings under its revolving credit facility. ​ Upon an acquisition, the Partnership first determines whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets in order to determine whether the acquisition should be accounted for as an asset acquisition. If the threshold is not substantially met, the Partnership then determines whether the acquisition meets the definition of a business (i.e., whether it includes, at a minimum, an input and a substantive process that together significantly contributes to the ability to create outputs). ​ Specific to the acquisition of the Gulf Terminals, consideration was given to the exception principle pertaining to the real estate assets acquired of real property, personal property and construction in progress and whether these assets should be considered a group of similar assets. The personal property and construction in progress assets cannot be removed from the real property without significant cost (i.e., disassembly) and diminution in both utility and fair value to both the real property and personal property. Additionally, the real property and personal property have similar risk characteristics since the land and terminal equipment are both used in the process of blending, storing and transporting petroleum products. The real property and personal property operate as a combined unit of account in order for the Partnership to achieve a desired economic return from the Gulf Terminals. The Partnership also considered and concluded that the nature of the Gulf Terminals and the different geographic regions where the Gulf Terminals reside do not rise to separate risks based on how these assets operate in the marketplace. ​ As a result of its analysis, the Partnership concluded the acquisition of the Gulf Terminals did not meet the criteria of a business combination pursuant to ASC 805, “Business Combinations,” and therefore was accounted for as an asset acquisition. The purchase price in an asset acquisition is allocated to the assets acquired and liabilities assumed based on their relative fair values and no goodwill is recognized. The Gulf Terminals were allocated to the Wholesale segment. ​ The following table presents the assets acquired and liabilities assumed as of April 9, 2024, the acquisition date (in thousands): ​ ​ ​ ​ ​ ​ Assets acquired: ​ ​ ​ ​ Property and equipment ​ $ 217,050 ​ Right of use assets ​ ​ 350 ​ Intangible assets ​ ​ 4,800 ​ Total assets acquired ​ $ 222,200 ​ Liabilities assumed: ​ ​ ​ ​ Environmental liabilities ​ $ (6,850) ​ Lease liability ​ ​ (350) ​ Total liabilities assumed ​ $ (7,200) ​ Net assets acquired $ 215,000 ​ ​ Property and equipment were recorded at cost based on relative fair value as of April 9, 2024 using current market values and reproduction or replacement costs of similar assets. ​ Intangible assets consist of third-party customer relationship contracts and are amortized on a straight-line basis over the respective estimated periods for which the intangible assets will provide economic benefit to the Partnership, which the Partnerships expects to be ten years . Third-party customer relationship contracts were valued using the discounted cash flow method. Significant assumptions used in the valuations include projected cash flows including expected renewals and the discount rate. ​ In connection with the acquisition, the Partnership incurred acquisition costs of approximately $2.7 million during 2024 which were capitalized as property and equipment in the accompanying balance sheet at September 30, 2024.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Sep. 30, 2024
Revenue from Contracts with Customers
Revenue from Contracts with Customers	Note 3. Revenue from Contracts with Customers ​ 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, 2024 Revenue from contracts with customers: Wholesale GDSO Commercial Total Petroleum and related product sales ​ $ 544,210 ​ $ 1,269,955 ​ $ 192,661 ​ $ 2,006,826 ​ Station operations ​ — ​ 129,576 ​ — ​ 129,576 ​ Total revenue from contracts with customers ​ ​ 544,210 ​ ​ 1,399,531 ​ ​ 192,661 ​ ​ 2,136,402 ​ Other sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue originating as physical forward contracts and exchanges ​ ​ 2,179,349 ​ ​ — ​ ​ 84,469 ​ ​ 2,263,818 ​ Revenue from leases ​ 651 ​ 21,367 ​ — ​ 22,018 ​ Total other sales ​ ​ 2,180,000 ​ ​ 21,367 ​ ​ 84,469 ​ ​ 2,285,836 ​ Total sales ​ $ 2,724,210 ​ $ 1,420,898 ​ $ 277,130 ​ $ 4,422,238 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2023 Revenue from contracts with customers: Wholesale GDSO Commercial Total Petroleum and related product sales ​ $ 1,027,213 ​ $ 1,460,670 ​ $ 183,421 ​ $ 2,671,304 ​ Station operations ​ — ​ 136,133 ​ — ​ 136,133 ​ Total revenue from contracts with customers ​ ​ 1,027,213 ​ ​ 1,596,803 ​ ​ 183,421 ​ ​ 2,807,437 ​ Other sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue originating as physical forward contracts and exchanges ​ ​ 1,302,160 ​ ​ — ​ ​ 90,373 ​ ​ 1,392,533 ​ Revenue from leases ​ 523 ​ 20,552 ​ — ​ 21,075 ​ Total other sales ​ ​ 1,302,683 ​ ​ 20,552 ​ ​ 90,373 ​ ​ 1,413,608 ​ Total sales ​ $ 2,329,896 ​ $ 1,617,355 ​ $ 273,794 ​ $ 4,221,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2024 Revenue from contracts with customers: Wholesale GDSO Commercial Total Petroleum and related product sales ​ $ 2,001,437 ​ $ 3,683,780 ​ $ 567,886 ​ $ 6,253,103 ​ Station operations ​ — ​ 367,864 ​ — ​ 367,864 ​ Total revenue from contracts with customers ​ ​ 2,001,437 ​ ​ 4,051,644 ​ ​ 567,886 ​ ​ 6,620,967 ​ Other sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue originating as physical forward contracts and exchanges ​ ​ 6,022,577 ​ ​ — ​ ​ 268,780 ​ ​ 6,291,357 ​ Revenue from leases ​ 2,232 ​ 62,772 ​ — ​ 65,004 ​ Total other sales ​ ​ 6,024,809 ​ ​ 62,772 ​ ​ 268,780 ​ ​ 6,356,361 ​ Total sales ​ $ 8,026,246 ​ $ 4,114,416 ​ $ 836,666 ​ $ 12,977,328 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2023 Revenue from contracts with customers: Wholesale GDSO Commercial Total Petroleum and related product sales ​ $ 2,563,586 ​ $ 3,996,890 ​ $ 507,728 ​ $ 7,068,204 ​ Station operations ​ — ​ 371,416 ​ — ​ 371,416 ​ Total revenue from contracts with customers ​ ​ 2,563,586 ​ ​ 4,368,306 ​ ​ 507,728 ​ ​ 7,439,620 ​ Other sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue originating as physical forward contracts and exchanges ​ ​ 4,330,766 ​ ​ — ​ ​ 250,464 ​ ​ 4,581,230 ​ Revenue from leases ​ 1,677 ​ 60,535 ​ — ​ 62,212 ​ Total other sales ​ ​ 4,332,443 ​ ​ 60,535 ​ ​ 250,464 ​ ​ 4,643,442 ​ Total sales ​ $ 6,896,029 ​ $ 4,428,841 ​ $ 758,192 ​ $ 12,083,062 ​ ​ 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. Payment terms on invoiced amounts are typically ​ 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

Inventories

Inventories	9 Months Ended
	Sep. 30, 2024
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. Renewable Identification Numbers (“RINs”) inventory is carried at the lower of historical cost, on a first-in, first-out basis, or net realizable value. Convenience store inventory is carried at the lower of historical cost, based on a weighted average cost method, or net realizable value. ​ Inventories consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2024 2023 ​ Distillates: home heating oil, diesel and kerosene ​ $ 230,329 ​ $ 154,890 ​ Gasoline ​ 153,991 ​ 134,749 ​ Gasoline blendstocks ​ 40,596 ​ 31,146 ​ Residual oil ​ 44,644 ​ 45,774 ​ Renewable identification numbers (RINs) ​ 2,399 ​ 1,684 ​ Convenience store inventory ​ 27,513 ​ 29,071 ​ Total ​ $ 499,472 ​ $ 397,314 ​ ​ 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 31, 2023, respectively. Negative exchange balances are accounted for as accounts payable and amounted to 31, 2023, respectively. Exchange transactions are valued using current carrying costs.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2024
Goodwill.
Goodwill	Note 5. Goodwill ​ The following table presents changes in goodwill, all of which has been allocated to the Gasoline Distribution and Station Operations (“GDSO”) segment (in thousands): ​ ​ ​ ​ ​ Balance at December 31, 2023 ​ $ 429,215 ​ Dispositions (1) ​ ​ (6,873) ​ Balance at September 30, 2024 ​ $ 422,342 ​ (1) Dispositions represent derecognition of goodwill associated with the sale and disposition of certain assets.

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2024
Property and Equipment
Property and Equipment	Note 6. Property and Equipment ​ Property and equipment consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2024 2023 Buildings and improvements ​ $ 1,898,558 ​ $ 1,738,122 ​ Land ​ 670,941 ​ 614,548 ​ Fixtures and equipment ​ 51,581 ​ 47,589 ​ Idle plant assets ​ ​ 30,500 ​ ​ 30,500 ​ Construction in process ​ 58,631 ​ 54,281 ​ Capitalized internal use software ​ 33,808 ​ 33,808 ​ Total property and equipment ​ 2,744,019 ​ 2,518,848 ​ Less accumulated depreciation ​ 1,082,622 ​ 1,005,303 ​ Total ​ $ 1,661,397 ​ $ 1,513,545 ​ ​ Property and equipment includes retail gasoline station assets held for sale of $6.7 million and $20.3 million at September 30, 2024 and December 31, 2023, respectively. ​ At September 30, 2024, the Partnership had a $38.7 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. The Partnership would need to take certain measures to prepare the facility for ethanol production in order to place the plant into service and commence depreciation. Therefore, the ​ 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 ethanol or other product 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 certain right of use assets and construction in process assets allocated to the GDSO segment in the total amount of $0.5 million for each of the three and nine months ended September 30, 2024, which are included in long-lived asset impairment in the accompanying consolidated statements of operations.

Debt and Financing Obligations

Debt and Financing Obligations	9 Months Ended
	Sep. 30, 2024
Debt and Financing Obligations
Debt and Financing Obligations	Note 7. 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 $1.55 billion senior secured credit facility (the “Credit Agreement”). The Credit Agreement matures on May 2, 2026. ​ On February 5, 2024, the Partnership and the lenders under the Credit Agreement agreed, pursuant to the terms of the Credit Agreement, to (i) a reallocation of $300.0 million of the revolving credit facility to the working capital revolving credit facility and (ii) reduce the accordion feature from $200.0 million to $0, effective February 8, 2024. This reallocation and accordion reduction return the credit facilities to the terms in place prior to the reallocation and accordion exercise previously agreed to by the Partnership and the lenders on December 7, 2023. ​ As of September 30, 2024, there were 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 $950.0 million; and ​ ● a $600.0 million revolving credit facility to be used for 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 7.6% and 7.5% for the three months ended September 30, 2024 and 2023, respectively, and 7.6% and 7.0% for the nine months ended September 30, 2024 and 2023, respectively. ​ 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 throughout the next twelve months 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. ​ The table below presents the total borrowings and availability under the Credit Agreement (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2024 2023 Total available commitments ​ $ 1,550,000 ​ $ 1,750,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Working capital revolving credit facility-current portion ​ ​ 219,200 ​ ​ 16,800 ​ Working capital revolving credit facility-less current portion ​ ​ — ​ ​ — ​ Revolving credit facility ​ ​ 177,000 ​ ​ 380,000 ​ Total borrowings outstanding ​ ​ 396,200 ​ ​ 396,800 ​ ​ ​ ​ ​ ​ ​ ​ ​ Less outstanding letters of credit ​ ​ 68,200 ​ ​ 220,200 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total remaining availability for borrowings and letters of credit (1) ​ $ 1,085,600 ​ $ 1,133,000 ​ (1) Subject to borrowing base limitations. ​ 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, 2024. ​ Please read Note 9 of Notes to Consolidated Financial Statements in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2023 for additional information on the Credit Agreement. ​ Supplemental cash flow information ​ The following table presents supplemental cash flow information related to the Credit Agreement for the periods presented (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended ​ ​ ​ September 30, ​ ​ ​ 2024 2023 Borrowings from working capital revolving credit facility ​ $ 1,896,200 ​ $ 1,856,600 ​ Payments on working capital revolving credit facility ​ ​ (1,693,800) ​ ​ (1,944,300) ​ Net borrowings from (payments on) working capital revolving credit facility ​ $ 202,400 ​ $ (87,700) ​ Borrowings from revolving credit facility ​ $ 218,800 ​ $ 59,500 ​ Payments on revolving credit facility ​ ​ (421,800) ​ ​ (69,500) ​ Net payments on revolving credit facility ​ $ (203,000) ​ $ (10,000) ​ ​ Senior Notes ​ The Partnership had 7.00% senior notes due 2027 and 6.875% senior notes due 2029 outstanding at September 30, 2024 and December 31, 2023. The Partnership also had ​ On January 18, 2024, the Partnership and GLP Finance Corp. (the “Issuers”) issued $450.0 million aggregate principal amount of 8.250% senior notes due 2032 to several initial purchasers in a private placement exempt from the registration requirements under the Securities Act of 1933, as amended. The Partnership used the net proceeds from the offering to repay a portion of the borrowings outstanding under the Credit Agreement and for general corporate purposes. ​ In connection with the private placement of the 2032 Notes, the Issuers and the subsidiary guarantors and Regions Bank, as trustee, entered into an indenture as may be supplemented from time to time (the “2032 Notes Indenture”). ​ The 2032 Notes mature on January 15, 2032 with interest accruing at a rate of 8.250% per annum. Interest was payable beginning July 15, 2024 and thereafter semi-annually in arrears on January 15 and July 15 of each year. The 2032 Notes are guaranteed on a joint and several senior unsecured basis by each of the Issuers and the subsidiary guarantors to the extent set forth in the 2032 Notes Indenture. Upon a continuing event of default, the trustee or the holders of at least ​ The Issuers will have the option to redeem up to 35% of the 2032 Notes prior to January 15, 2027 at a redemption price (expressed as a percentage of principal amount) of 108.250% plus accrued and unpaid interest, if any. The Issuers will have the option to redeem the 2032 Notes, in whole or in part, at any time on or after January 15, 2027, at the redemption prices of 15, 2029 and at any time thereafter, together with any accrued and unpaid interest to the date of redemption. In addition, before January 15, 2027, the Issuers may redeem all or any part of the 2032 Notes at a redemption price equal to the sum of the principal amount thereof, plus a make whole premium, plus accrued and unpaid interest, if any, to the redemption date. The holders of the 2032 Notes may require the Issuers to repurchase the 2032 Notes following certain asset sales or a Change of Control Triggering Event (as defined in the 2032 Notes Indenture) at the prices and on the terms specified in the 2032 Notes Indenture. ​ The 2032 Notes Indenture contains covenants that limit the Partnership’s ability to, among other things, incur additional indebtedness and issue preferred securities, make certain dividends and distributions, make certain investments and other restricted payments, restrict distributions by its subsidiaries, create liens, sell assets or merge with other entities. Events of default under the 2032 Notes Indenture include (i) a default in payment of principal of, or interest or premium, if any, on, the 2032 Notes, (ii) breach of the Partnership’s covenants under the 2032 Notes Indenture, (iii) certain events of bankruptcy and insolvency, (iv) any payment default or acceleration of indebtedness of the Partnership or certain subsidiaries if the total amount of such indebtedness unpaid or accelerated exceeds ​ Please read Note 9 of Notes to Consolidated Financial Statements in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2023 for additional information on these senior notes. ​ Financing Obligations ​ The Partnership had financing obligations outstanding at September 30, 2024 and December 31, 2023 associated with historical sale-leaseback transactions that did not meet the criteria for sale accounting. Please read Note 9 of Notes to Consolidated Financial Statements in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2023 for additional information on these financial obligations. ​ 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. Primarily in connection with the accordion exercise and reallocation in February 2024, the Partnership incurred expenses of approximately 30, 2024, respectively. These expenses are included in interest expense in the accompanying consolidated statements of operations. The Partnership had unamortized deferred financing fees of 31, 2023, respectively. ​ Unamortized fees related to the Credit Agreement are included in other current assets and other long-term assets and amounted to $7.3 million and $12.2 million at September 30, 2024 and December 31, 2023, respectively. Unamortized fees related to the senior notes are presented as a direct deduction from the carrying amount of that debt liability and amounted to 31, 2023, respectively. Unamortized fees related to the Partnership’s sale-lease transactions are presented as a direct deduction from the carrying amount of the financing obligation and amounted to ​ Amortization expense of approximately $1.9 million and $1.4 million for the three months ended September 30, 2024 and 2023, respectively, and $5.6 million and $4.1 million for the nine months ended September 30, 2024 and 2023, respectively is included in interest expense in the accompanying consolidated statements of operations.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2024
Derivative Financial Instruments
Derivative Financial Instruments	Note 8. 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. 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”). The Partnership accounts for derivative transactions in accordance with ASC Topic 815, “Derivatives and Hedging,” 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 in earnings, unless specific hedge accounting criteria are met. ​ The following table summarizes the notional values related to the Partnership’s derivative instruments outstanding at September 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ Units (1) Unit of Measure Exchange-Traded Derivatives ​ ​ ​ ​ ​ Long ​ 68,387 Thousands of barrels ​ Short ​ (71,857) Thousands of barrels ​ ​ ​ ​ ​ ​ ​ OTC Derivatives (Petroleum/Ethanol) ​ ​ ​ ​ ​ Long ​ 5,495 Thousands of barrels ​ Short ​ (5,906) Thousands of barrels ​ (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 ​ Fair Value Hedges ​ 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 statements 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Location of Gain (Loss) ​ Three Months Ended ​ Nine Months Ended ​ ​ ​ Recognized in Income on ​ September 30, ​ September 30, ​ ​ ​ Derivatives ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ Derivatives in fair value hedging relationship ​ ​ ​ ​ ​ ​ Exchange-traded futures contracts and OTC derivative contracts for petroleum commodity products Cost of sales ​ $ 10,028 ​ $ (9,831) ​ $ 13,422 ​ $ (3,521) ​ Hedged items in fair value hedge relationship ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Physical inventory Cost of sales ​ $ (11,003) ​ $ 8,822 ​ $ (17,608) ​ $ (3,376) ​ ​ Derivatives Not Accounted for as Hedges ​ The Partnership utilizes petroleum and ethanol commodity contracts to hedge price and currency risk in certain commodity inventories and physical forward contracts. ​ 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Location of Gain (Loss) ​ Three Months Ended ​ Nine Months Ended ​ Derivatives not designated as ​ Recognized in ​ September 30, ​ September 30, ​ hedging instruments Income on Derivatives 2024 2023 2024 ​ 2023 ​ Commodity contracts Cost of sales ​ $ 2,706 ​ $ (2,444) ​ $ 2,456 ​ $ (473) ​ ​ 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 any of 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, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ ​ ​ ​ Derivatives ​ Derivatives Not ​ ​ ​ ​ ​ ​ ​ Designated as ​ Designated as ​ ​ ​ ​ ​ ​ ​ Hedging ​ Hedging ​ ​ ​ ​ ​ Balance Sheet Location ​ Instruments ​ Instruments ​ Total Asset Derivatives: ​ ​ ​ ​ Exchange-traded derivative contracts Broker margin deposits ​ $ 3,107 ​ $ 72,761 ​ $ 75,868 ​ Forward derivative contracts (1) Derivative assets ​ ​ — ​ ​ 25,364 ​ ​ 25,364 ​ Total asset derivatives ​ ​ ​ $ 3,107 ​ $ 98,125 ​ $ 101,232 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liability Derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exchange-traded derivative contracts Broker margin deposits ​ $ — ​ $ (50,755) ​ $ (50,755) ​ Forward derivative contracts (1) ​ Derivative liabilities ​ ​ — ​ ​ (2,392) ​ ​ (2,392) ​ Total liability derivatives ​ ​ ​ $ — ​ $ (53,147) ​ $ (53,147) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ Derivatives ​ Derivatives Not ​ ​ ​ ​ ​ ​ ​ Designated as ​ Designated as ​ ​ ​ ​ ​ ​ ​ Hedging ​ Hedging ​ ​ ​ ​ ​ Balance Sheet Location ​ Instruments ​ Instruments ​ Total Asset Derivatives: ​ ​ ​ ​ Exchange-traded derivative contracts Broker margin deposits ​ $ — ​ $ 67,430 ​ $ 67,430 ​ Forward derivative contracts (1) Derivative assets ​ ​ — ​ ​ 17,656 ​ ​ 17,656 ​ Total asset derivatives ​ ​ ​ $ — ​ $ 85,086 ​ $ 85,086 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liability Derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exchange-traded derivative contracts ​ Broker margin deposits ​ $ 10,678 ​ $ (44,687) ​ $ (34,009) ​ Forward derivative contracts (1) Derivative liabilities ​ ​ — ​ ​ (4,987) ​ ​ (4,987) ​ Total liability derivatives ​ ​ ​ $ 10,678 ​ $ (49,674) ​ $ (38,996) ​ (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 major financial institutions as its clearing brokers 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. ​ Please read Note 2 of Notes to Consolidated Financial Statements in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2023 for additional information on derivative financial instruments.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Measurements
Fair Value Measurements	Note 9. 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, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value at September 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ Cash Collateral ​ ​ ​ ​ Level 1 Level 2 Netting Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward derivative contracts (1) ​ $ — ​ $ 25,364 ​ $ — ​ $ 25,364 ​ Exchange-traded/cleared derivative instruments (2) ​ 25,113 ​ — ​ (6,631) ​ 18,482 ​ Pension plans ​ 10,485 ​ — ​ — ​ 10,485 ​ Total assets ​ $ 35,598 ​ $ 25,364 ​ $ (6,631) ​ $ 54,331 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward derivative contracts (1) ​ $ — ​ $ (2,392) ​ $ — ​ $ (2,392) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value at December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Cash Collateral ​ ​ ​ ​ Level 1 Level 2 Netting Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward derivative contracts (1) ​ $ — ​ $ 17,656 ​ $ — ​ $ 17,656 ​ Exchange-traded/cleared derivative instruments (2) ​ 33,421 ​ — ​ (20,642) ​ 12,779 ​ Pension plans ​ 19,113 ​ — ​ — ​ 19,113 ​ Total assets ​ $ 52,534 ​ $ 17,656 ​ $ (20,642) ​ $ 49,548 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward derivative contracts (1) ​ $ — ​ $ (4,987) ​ $ — ​ $ (4,987) ​ (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 8. ​ 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 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ ​ Face ​ Fair ​ Face ​ Fair ​ ​ Value ​ Value ​ Value ​ Value ​ 7.00% senior notes due 2027 $ 400,000 ​ $ 403,000 ​ $ 400,000 ​ $ 390,516 ​ 6.875% senior notes due 2029 $ 350,000 ​ $ 349,563 ​ $ 350,000 ​ $ 340,130 ​ 8.250% senior notes due 2032 $ 450,000 ​ $ 465,750 ​ $ — ​ $ — ​ ​ Non-Recurring Fair Value Measurements ​ 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.

Environmental Liabilities

Environmental Liabilities	9 Months Ended
	Sep. 30, 2024
Environmental Liabilities
Environmental Liabilities	Note10. Environmental Liabilities ​ The following table presents a summary roll forward of the Partnership’s environmental liabilities at September 30, 2024 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ ​ ​ ​ ​ ​ ​ Other Balance at ​ ​ December 31, ​ Additions ​ Payments ​ Dispositions ​ Adjustments ​ September 30, Environmental Liability Related to: ​ 2023 ​ 2024 ​ 2024 ​ 2024 ​ 2024 ​ 2024 Retail gasoline stations ​ $ 63,539 ​ $ — ​ $ (2,840) ​ $ (2,171) ​ $ 184 ​ $ 58,712 ​ Terminals ​ 12,610 ​ 6,850 ​ (245) ​ — ​ 76 ​ 19,291 ​ Total environmental liabilities ​ $ 76,149 ​ $ 6,850 ​ $ (3,085) ​ $ (2,171) ​ $ 260 ​ $ 78,003 ​ Current portion ​ $ 5,057 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,493 ​ Long-term portion ​ 71,092 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 72,510 ​ Total environmental liabilities ​ $ 76,149 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 78,003 ​ ​ In connection with the acquisition of four refined product terminals from Gulf Oil as described in Note 2, the Partnership assumed certain environmental liabilities, including certain ongoing environmental remediation efforts. As a result, the Partnership recorded, on an undiscounted basis, a total environmental liability of approximately 30, 2024. ​ In addition to environmental liabilities related to the Partnership’s retail gasoline stations, the Partnership retains some of the environmental obligations associated with certain gasoline stations that the Partnership has sold. ​ 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.

Equity Method Investments

Equity Method Investments	9 Months Ended
	Sep. 30, 2024
Equity Method Investments.
Equity Method Investments	Note 11. Equity Method Investments ​ Everett Landco GP, LLC ​ On October 23, 2023, the Partnership, through its wholly owned subsidiary, Global Everett Landco, LLC, entered into a Limited Liability Company Agreement (the “Everett LLC Agreement”) of Everett Landco GP, LLC (“Everett”), a Delaware limited liability company formed as a joint venture with Everett Investor LLC (the “Everett Investor”), an entity controlled by an affiliate of The Davis Companies, a company primarily involved in the acquisition, development, management and sale of commercial real estate. In accordance with the Everett LLC Agreement, the Partnership agreed to invest up to ​ The joint venture was formed to invest, directly or indirectly, in Everett Landco, LLC, (“Landco”), an entity formed to acquire from ExxonMobil Corporation (“ExxonMobil”) specified real estate (formerly operated as a refined products terminal), consisting of, in part, multiple facilities used to store and transport petroleum products including oil storage tanks and related facilities located in Everett, Massachusetts (the “Project Site”) and thereafter proceed with certain decommissioning, demolition, environmental remediation, entitlement, horizontal development, and other development activities with respect to the Project Site in one or more phases. ​ Everett is a variable interest entity for which the Partnership is not the primary beneficiary and, therefore, is not consolidated in the Partnership’s consolidated financial statements. The Partnership accounts for its investment in Everett as an equity method investment as the Partnership has significant influence, but not a controlling interest in the investee. ​ The Partnership recognized income of $0 and $0.2 million for the three and nine months ended September 30, 2024, respectively, which is included in (loss) income from equity method investments in the accompanying consolidated statements of operations . As of September 30, 2024, the Partnership’s investment balance in the joint venture was in equity accompanying consolidated balance sheet. ​ On December 5, 2023, Landco completed the purchase of the Project Site. In addition, the Partnership provided certain financial guarantees of Everett’s performance pursuant to a Terminal Demolition and Remediation Responsibilities Agreement (“TDRRA”) between Landco and ExxonMobil (the “Remediation Guaranty”). The Remediation Guaranty was executed at the closing of the Project Site purchase, concurrently with Landco’s execution of the TDRRA. The Remediation Guaranty was provided to ExxonMobil to provide security for Landco’s obligations to perform and complete the demolition and remediation responsibilities set forth in the TDRRA. The maximum amount of financial assurances liability of the Partnership under the Remediation Guaranty is million (the “Guaranty Threshold”). The Guaranty Threshold will be reduced on a dollar-for-dollar basis as Landco undertakes demolition and remediation activities under the TDRRA. The Partnership’s loss exposure for the Everett investment is limited to the Partnership’s investment in the joint venture and any amounts due under the Remediation Guaranty. The Partnership recognized its performance obligation under the Remediation Guaranty at fair value, which was immaterial at both September 30, 2024 and December 31, 2023. ​ Spring Partners Retail LLC ​ On March 1, 2023, the Partnership entered into a Limited Liability Company Agreement, as amended (the “SPR LLC Agreement”) of SPR, a Delaware limited liability company formed as a joint venture with ExxonMobil for the purpose of engaging in the business of operating retail locations in the state of Texas and such other states as may be approved by SPR’s board of managers. In accordance with the SPR LLC Agreement, the Partnership invested approximately ownership interest. ExxonMobil has the remaining ownership interest in SPR. SPR is managed by a of whom is designated by the Partnership. The day-to-day activities of SPR are operated by SPR Operator, a wholly owned subsidiary of the Partnership. SPR Operator provides administrative and support functions, such as operations and management support, accounting, legal and human resources and information technology services and systems to SPR for an annual fixed fee. ​ The Partnership accounts for its investment in SPR as an equity method investment as the Partnership has significant influence, but not a controlling interest in the investee. Under this method with regard to SPR, the investment is carried originally at cost, increased by any allocated share of the investee’s net income and contributions made, and decreased by any allocated share of the investee’s net losses and distributions received. The investee’s allocated share of income and losses is based on the rights and priorities outlined in the joint venture agreement. ​ On June 1, 2023, SPR acquired a portfolio of 64 Houston-area convenience and fueling facilities from Landmark Industries, LLC and its related entities. There have been no changes to the portfolio as of September 30, 2024. ​ The Partnership recognized a (loss) income of ($0.1 million) and $1.2 million for the three months ended September 30, 2024 and 2023, respectively, and ($2.1 million) and $2.4 million for the nine months ended September 30, 2024 and 2023, respectively, which is included in (loss) income from equity method investments in the accompanying consolidated statement of operations . As of September 30, 2024, the Partnership’s investment balance in the joint venture was in equity method investments in the accompanying consolidated balance sheet. ​

Related-Party Transactions

Related-Party Transactions	9 Months Ended
	Sep. 30, 2024
Related-Party Transactions
Related-Party Transactions	Note 12. Related Party Transactions ​ Services Agreement , and which Slifka Entities Services Agreement has been approved by the Conflicts Committee of the board of directors of the General Partner. The Slifka Entities Services Agreement is for an indefinite term and any party may terminate some or all of the services upon ninety (90) days’ advance written notice. As of September 30, 2024, no such notice of termination had been given by any party to the Slifka Entities Services Agreement. ​ General Partner of the ownership interests in the General Partner. 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, and for substantially all of the employees who primarily or exclusively provide services to SPR, who are employed by SPR Operator. The Partnership reimburses the General Partner for expenses incurred in connection with these employees. These expenses, including bonus, payroll and payroll taxes, were 30, 2024 and 2023, 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. ​ Spring Partners Retail LLC 11). Pursuant to this agreement, certain employees of the Partnership provide SPR with services including administrative and support functions, such as operations and management support, accounting, legal and human resources and information technology services and systems to SPR for which SPR pays SPR Operator, and therefore the Partnership, an annual fixed fee. The Partnership received approximately 30, 2024 and 2023, respectively. In addition, SPR Operator employs substantially all of the employees who primarily or exclusively provide services to the Partnership’s joint venture. SPR reimburses the Partnership for direct expenses incurred in connection with these employees, which amounted to ​ Accounts receivable–affiliates consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2024 2023 Receivables from the General Partner (1) ​ $ 4,328 ​ $ 8,031 ​ Receivables from Spring Partners Retail LLC (2) ​ ​ 1,779 ​ ​ 111 ​ Total ​ $ 6,107 ​ $ 8,142 ​ (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. (2) Receivables from SPR reflect the Partnership’s payment of direct expenditures on behalf of SPR under the operations and maintenance agreement. ​ Everett Landco GP, LLC LLC Agreement of Everett, a Delaware limited liability company formed as a joint venture with the Everett Investor, an entity controlled by an affiliate of The Davis Companies, a company primarily involved in the acquisition, development, management and sale of commercial real estate. See Note 11. ​ Sale of the Revere Terminal million in cash. In connection with closing under the purchase agreement between the Partnership and the Revere Buyer, the Partnership entered into a leaseback agreement, which meets the criteria for sale accounting, with the Revere Buyer pursuant to which the Partnership leases back key infrastructure at the Revere Terminal, including certain tanks, dock access rights, and loading rack infrastructure, to allow the Partnership to continue business operations at the Revere Terminal. The term of the leaseback agreement, including all renewal options exercisable at the Partnership’s election, could extend through September 30, 2039. ​ Pursuant to the terms of the purchase agreement the Partnership entered into with affiliates of the Slifka family (the “Initial Sellers”), related parties, in 2015 to acquire the Revere Terminal, the Initial Sellers are entitled to an amount equal to fifty percent of the net proceeds (as defined in the 2015 purchase agreement) (the “Initial Sellers Share”) from the sale of the Revere Terminal. At the time of the 2022 closing, the preliminary calculation of the Initial Sellers Share was approximately million, which amount is subject to future revisions. To date, there have been no payments of additional net proceeds from the 2022 sale of the Revere Terminal relating to the final calculation of the Initial Sellers Share, as adjusted for such shared expenses and potential operating losses or profits. ​ The final calculation of the Initial Sellers Share, including a sharing of any additional expenses in order to satisfy outstanding obligations under the Partnership’s current government storage contract at the Revere Terminal and potential operating losses or profits relating to the operation of the Revere Terminal during the initial leaseback term, will occur upon the expiration of such storage contract. The Partnership recorded a total of approximately 31, 2023, respectively. Approximately ( 30, 2024 and 2023, respectively.

Partners' Equity and Cash Distr

Partners' Equity and Cash Distributions	9 Months Ended
	Sep. 30, 2024
Partners' Equity and Cash Distributions
Partners' Equity and Cash Distributions	Note 13. Partners’ Equity and Cash Distributions ​ Partners’ Equity ​ Common Units and General Partner Interest ​ At September 30, 2024, there were 33,995,563 common units issued, including 6,415,996 common units held by affiliates of the General Partner, including directors and executive officers, and 268,307 common units held by the General Partner on behalf of the Partnership pursuant to its repurchase program for future LTIP obligations, 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 were no changes to common units or the general partner interest during the three and nine months ended September 30, 2024. ​ Series A Preferred Units ​ On April 15, 2024 the Partnership redeemed all 2,760,000 of its Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) at a redemption price of $25.00 per unit, plus a $0.514275 per unit cash distribution for the period from February 15, 2024 through April 14, 2024 . Effective April 15, 2024, the Series A Preferred Units are no longer outstanding. ​ Series B Preferred Units ​ At September 30, 2024, there were 3,000,000 9.50% Series B Preferred Unit outstanding. There were no changes to the Series B Preferred Units during the three and nine months ended September 30, 2024. ​ 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 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 2024 (in thousands, except per unit data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Per Unit ​ ​ ​ ​ ​ ​ ​ ​ Cash Distribution ​ Quarter ​ Cash ​ Common ​ General ​ Incentive ​ Total Cash Payment Date Ended ​ Distribution ​ Units ​ Partner ​ Distribution ​ Distribution 2/14/2024 (1) ​ 12/31/23 ​ $ 0.7000 ​ $ 23,797 ​ $ 180 ​ $ 2,857 ​ $ 26,834 ​ 5/15/2024 (1) ​ 03/31/24 ​ 0.7100 ​ 24,137 ​ 185 ​ 3,174 ​ 27,496 ​ 8/14/2024 (1) ​ 06/30/24 ​ 0.7200 ​ 24,477 ​ 189 ​ 3,493 ​ 28,159 ​ (1) This distribution resulted in the Partnership exceeding its third target level distribution for this quarter. As a result, the General Partner, as the holder of the IDRs, received an incentive distribution. In addition, on October 23, 2024, the board of directors of the General Partner declared a quarterly cash distribution of $0.7300 per unit ($2.92 per unit on an annualized basis) on its common units for the period from July 1, 2024 through September 30, 2024. On November 14, 2024, the Partnership will pay this cash distribution to its common unitholders of record as of the close of business on November 8, 2024. ​ Series A Preferred Units ​ Prior to the April 15, 2024 redemption of the Series A Preferred Units discussed above, distributions on the Series A Preferred Units were cumulative from August 7, 2018, the original issue date of the Series A Preferred Units, and were payable quarterly in arrears on February 15, May 15, August 15 and November 15 of each year (each, a “Series A Distribution Payment Date”), commencing on November 15, 2018, to holders of record as of the opening of business on the February 1, May 1, August 1 or November 1 next preceding the Series A Distribution Payment Date, in each case, when, as, and if declared by the General Partner out of legally available funds for such purpose. Distributions on the Series A Preferred Units were paid out of Available Cash with respect to the quarter immediately preceding the applicable Series A Distribution Payment Date. ​ The Partnership paid the following cash distributions on the Series A Preferred Units during 2024 (in thousands, except per unit data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ Per Unit ​ ​ ​ ​ ​ ​ Cash Distribution ​ Quarterly Period ​ Cash ​ Total Cash ​ ​ Payment Date Covering ​ Distribution Distribution ​ Rate 2/15/2024 ​ 11/15/23 - 2/14/24 ​ $ 0.77596 ​ $ 2,142 ​ 10.42% ​ ​ On April 15, 2024, the Partnership paid the full redemption price of $25.00 per Series A Preferred Unit , plus a cash distribution $0.514275 per unit for the period from February 15, 2024 through April 14, 2024, for a total amount of $70.4 million. ​ Series B Preferred Units ​ Distributions on the Series B Preferred Units are cumulative from March 24, 2021, the original issue date of the Series B Preferred Units, and payable quarterly in arrears on February 15, May 15, August 15 and November 15 of each year (each, a “Series B Distribution Payment Date”), commencing on May 15, 2021, to holders of record as of the opening of business on the February 1, May 1, August 1 or November 1 next preceding the Series B Distribution Payment Date, in each case, when, as, and if declared by the General Partner out of legally available funds for such purpose. Distributions on the Series B Preferred Units will be paid out of Available Cash with respect to the quarter immediately preceding the applicable Series B Distribution Payment Date. ​ The distribution rate for the Series B Preferred Units is 9.50% per annum of the $25.00 liquidation preference per Series B Preferred Unit (equal to $2.375 per Series B Preferred Unit per annum). ​ At any time on or after May 15, 2026, the Partnership may redeem, in whole or in part, the Series B Preferred Units at a redemption price in cash of $25.00 per Series B 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 ​ The Partnership paid the following cash distributions on the Series B Preferred Units during 2024 (in thousands, except per unit data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Per Unit ​ ​ Cash Distribution ​ Quarterly Period ​ Cash ​ Total Cash Payment Date Covering Distribution Distribution 2/15/2024 ​ 11/15/23 - 2/14/24 ​ $ 0.59375 ​ $ 1,781 ​ 5/15/2024 ​ 2/15/24 - 5/14/24 ​ ​ 0.59375 ​ ​ 1,781 ​ 8/15/2024 ​ 5/15/24 - 8/14/24 ​ ​ 0.59375 ​ ​ 1,781 ​ ​ On October 15, 2024, the board of directors of the General Partner declared a quarterly cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Series B Preferred Units for the period from August 15, 2024 through November 14, 2024. This distribution will be payable on November 1, 2024.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2024
Segment Reporting
Segment Reporting	Note 14. 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, ​ ​ 2024 2023 2024 ​ 2023 ​ Wholesale Segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gasoline and gasoline blendstocks ​ $ 1,790,302 ​ $ 1,614,459 ​ $ 4,909,560 ​ $ 4,213,536 ​ Distillates and other oils (1) ​ 933,908 ​ 715,437 ​ 3,116,686 ​ 2,682,493 ​ Total ​ $ 2,724,210 ​ $ 2,329,896 ​ $ 8,026,246 ​ $ 6,896,029 ​ Product margin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gasoline and gasoline blendstocks ​ $ 43,024 ​ $ 20,390 ​ $ 143,197 ​ $ 79,799 ​ Distillates and other oils (1) ​ 28,118 ​ 16,780 ​ 69,230 ​ 70,226 ​ Total ​ $ 71,142 ​ $ 37,170 ​ $ 212,427 ​ $ 150,025 ​ Gasoline Distribution and Station Operations Segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gasoline ​ $ 1,269,955 ​ $ 1,460,670 ​ $ 3,683,780 ​ $ 3,996,890 ​ Station operations (2) ​ 150,943 ​ 156,685 ​ 430,636 ​ 431,951 ​ Total ​ $ 1,420,898 ​ $ 1,617,355 ​ $ 4,114,416 ​ $ 4,428,841 ​ Product margin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gasoline ​ $ 164,122 ​ $ 132,000 ​ $ 433,065 ​ $ 380,699 ​ Station operations (2) ​ 73,590 ​ 74,530 ​ 213,831 ​ 208,456 ​ Total ​ $ 237,712 ​ $ 206,530 ​ $ 646,896 ​ $ 589,155 ​ Commercial Segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ $ 277,130 ​ $ 273,794 ​ $ 836,666 ​ $ 758,192 ​ Product margin ​ $ 9,509 ​ $ 8,426 ​ $ 22,699 ​ $ 23,310 ​ Combined sales and Product margin: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ $ 4,422,238 ​ $ 4,221,045 ​ $ 12,977,328 ​ $ 12,083,062 ​ Product margin (3) ​ $ 318,363 ​ $ 252,126 ​ $ 882,022 ​ $ 762,490 ​ Depreciation allocated to cost of sales ​ (32,314) ​ (23,606) ​ (92,954) ​ (69,247) ​ Combined gross profit ​ $ 286,049 ​ $ 228,520 ​ $ 789,068 ​ $ 693,243 ​ (1) Distillates and other oils (primarily residual oil and crude oil). (2) Station operations consist of convenience store and prepared food sales, rental income and sundries. (3) 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 122 million gallons and 110 million gallons of the GDSO segment’s sales for the three months ended September 30, 2024 and 2023, respectively, and 342 million gallons and 314 million gallons of the GDSO segment’s sales for the nine months ended September 30, 2024 and 2023, respectively, were supplied from petroleum products and renewable fuels sourced by the Wholesale segment. The Commercial segment’s sales were predominantly 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, ​ 2024 2023 2024 ​ 2023 Combined gross profit ​ $ 286,049 ​ $ 228,520 ​ $ 789,068 ​ $ 693,243 ​ Operating costs and expenses not allocated to operating segments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ 70,495 ​ 63,479 ​ 212,646 ​ 192,431 ​ Operating expenses ​ 137,126 ​ 115,944 ​ 387,235 ​ 334,676 ​ Amortization expense ​ ​ 2,288 ​ ​ 2,017 ​ ​ 6,146 ​ ​ 6,119 ​ Net gain on sale and disposition of assets ​ ​ (7,805) ​ ​ (897) ​ ​ (10,609) ​ ​ (2,141) ​ Long-lived asset impairment ​ ​ 492 ​ ​ — ​ ​ 492 ​ ​ — ​ Total operating costs and expenses ​ 202,596 ​ 180,543 ​ 595,910 ​ 531,085 ​ Operating income ​ 83,453 ​ 47,977 ​ 193,158 ​ 162,158 ​ (Loss) income from equity method investments ​ ​ (147) ​ ​ 1,180 ​ ​ (1,872) ​ ​ 2,384 ​ Interest expense ​ (35,129) ​ (21,089) ​ (100,356) ​ (64,963) ​ Income tax expense ​ (2,255) ​ (1,260) ​ (4,461) ​ (2,351) ​ Net income ​ $ 45,922 ​ $ 26,808 ​ $ 86,469 ​ $ 97,228 ​ ​ The Partnership’s foreign assets and foreign sales were immaterial as of and for the three and nine months ended September 30, 2024 and 2023. ​ 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, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wholesale ​ Commercial ​ GDSO ​ Unallocated (1) ​ Total September 30, 2024 $ 1,188,573 $ — $ 1,872,341 $ 604,201 $ 3,665,115 December 31, 2023 $ 862,850 $ — $ 1,910,058 $ 673,103 $ 3,446,011 (1) Includes the Partnership’s equity method investments (see Note 11).

Net Income Per Common Limited P

Net Income Per Common Limited Partner Unit	9 Months Ended
	Sep. 30, 2024
Net Income Per Common Limited Partner Unit
Net Income Per Common Limited Partner Unit	Note 15. Net 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, 2024 and December 31, 2023 excludes 268,307 and 113,206 common units, respectively, held on behalf of the Partnership pursuant to its repurchase program. These units are not deemed outstanding for purposes of calculating net income per common limited partner unit (basic and diluted). For all periods presented below, the Partnership’s preferred units are not potentially dilutive securities based on the nature of the conversion feature. ​ The following table provides a reconciliation of net income and the assumed allocation of net income to the common limited partners (after deducting amounts allocated to preferred unitholders) for purposes of computing net income per common limited partner unit for the periods presented (in thousands, except per unit data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2024 ​ ​ Three Months Ended September 30, 2023 ​ ​ ​ ​ Common General ​ ​ ​ ​ Common General ​ ​ ​ ​ ​ ​ ​ Limited ​ Partner ​ ​ ​ ​ ​ ​ ​ ​ Limited ​ Partner ​ ​ ​ Numerator: Total Partners Interest IDRs Total Partners Interest IDRs Net income ​ $ 45,922 ​ $ 41,804 ​ $ 4,118 ​ $ — ​ ​ $ 26,808 ​ $ 24,248 ​ $ 2,560 ​ $ — ​ Declared distribution ​ $ 28,821 ​ $ 24,817 ​ $ 194 ​ $ 3,810 ​ ​ $ 25,841 ​ $ 23,287 ​ $ 174 ​ $ 2,380 ​ Assumed allocation of undistributed net income ​ 17,101 ​ 16,987 ​ 114 ​ — ​ ​ 967 ​ 961 ​ 6 ​ — ​ Assumed allocation of net income ​ $ 45,922 ​ $ 41,804 ​ $ 308 ​ $ 3,810 ​ ​ $ 26,808 ​ $ 24,248 ​ $ 180 ​ $ 2,380 ​ Less: Preferred limited partner interest in net income ​ ​ ​ ​ ​ 1,781 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,712 ​ ​ ​ ​ ​ ​ ​ Net income attributable to common limited partners ​ ​ ​ ​ $ 40,023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 20,536 ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average common units outstanding ​ ​ ​ ​ 33,781 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 33,983 ​ ​ ​ ​ ​ ​ ​ Dilutive effect of phantom units ​ ​ ​ ​ 412 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 80 ​ ​ ​ ​ ​ ​ ​ Diluted weighted average common units outstanding ​ ​ ​ ​ 34,193 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 34,063 ​ ​ ​ ​ ​ ​ ​ Basic net income per common limited partner unit ​ ​ ​ ​ $ 1.18 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 0.60 ​ ​ ​ ​ ​ ​ ​ Diluted net income per common limited partner unit ​ ​ ​ ​ $ 1.17 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 0.60 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 ​ ​ ​ ​ Common General ​ ​ ​ ​ ​ ​ Common General ​ ​ ​ ​ ​ ​ ​ Limited ​ Partner ​ ​ ​ ​ ​ ​ ​ ​ Limited ​ Partner ​ ​ ​ Numerator: ​ Total ​ Partners ​ Interest ​ IDRs Total Partners Interest IDRs Net income ​ $ 86,469 ​ $ 75,413 ​ $ 11,056 ​ $ — ​ ​ $ 97,228 ​ $ 90,547 ​ $ 6,681 ​ $ — ​ Declared distribution ​ $ 84,476 ​ $ 73,431 ​ $ 568 ​ $ 10,477 ​ ​ $ 75,035 ​ $ 68,501 ​ $ 505 ​ $ 6,029 ​ Assumed allocation of undistributed net income ​ 1,993 ​ 1,982 ​ 11 ​ — ​ ​ 22,193 ​ 22,046 ​ 147 ​ — ​ Assumed allocation of net income ​ $ 86,469 ​ $ 75,413 ​ $ 579 ​ $ 10,477 ​ ​ $ 97,228 ​ $ 90,547 ​ $ 652 ​ $ 6,029 ​ Less: Preferred limited partner interest in net income ​ ​ ​ ​ ​ 7,794 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10,638 ​ ​ ​ ​ ​ ​ ​ Less: Redemption of Series A preferred limited partner units ​ ​ ​ ​ ​ 2,634 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ Net income attributable to common limited partners ​ ​ ​ ​ $ 64,985 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 79,909 ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average common units outstanding ​ ​ ​ ​ 33,884 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 33,985 ​ ​ ​ ​ ​ ​ ​ Dilutive effect of phantom units ​ ​ ​ ​ 371 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 41 ​ ​ ​ ​ ​ ​ ​ Diluted weighted average common units outstanding ​ ​ ​ ​ 34,255 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 34,026 ​ ​ ​ ​ ​ ​ ​ Basic net income per common limited partner unit ​ ​ ​ ​ $ 1.92 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2.35 ​ ​ ​ ​ ​ ​ ​ Diluted net income per common limited partner unit ​ ​ ​ ​ $ 1.90 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2.35 ​ ​ ​ ​ ​ ​ ​ ​ See Note 13, “Partners’ Equity and Cash Distributions” for information on declared cash distributions.

Legal Proceedings

Legal Proceedings	9 Months Ended
	Sep. 30, 2024
Legal Proceedings
Legal Proceedings	Note 16. 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 10 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 ​ In January 2022, the Partnership was served with a complaint filed in the Middlesex County Superior Court of the Commonwealth of Massachusetts against the Partnership and its wholly owned subsidiaries, Global Companies LLC (“Global Companies”) and Alliance Energy LLC (“Alliance”), alleging, among other things, that a plaintiff truck driver, while (1) loading gasoline and diesel fuel at terminals owned and operated by the Partnership located in Albany, New York and Revere, Massachusetts and (2) unloading gasoline and diesel fuel at gasoline stations owned and/or operated by the Partnership throughout New York, Massachusetts and New Hampshire, contracted aplastic anemia as a result of exposure to benzene-containing products and/or vapors therefrom. In October 2024, the parties agreed in principle to fully settle the allegations alleged in the complaint and dismiss the complaint in its entirety with prejudice, subject to the execution by the parties of a mutually acceptable settlement and release agreement. ​ In October 2020, the Partnership was served with a complaint filed against the Partnership and its wholly owned subsidiary, Global Companies alleging, among other things, wrongful death and loss of consortium. The complaint, filed in the Middlesex County Superior Court of the Commonwealth of Massachusetts, alleges, among other things, that a truck driver (whose estate is a co-plaintiff), while loading gasoline and diesel fuel at terminals owned and operated by the Partnership located in Albany, New York and Burlington, Vermont, was exposed to benzene-containing products and/or vapors therefrom. In October 2024, the parties reached a full settlement of the complaint. In connection therewith, the Partnership and Global Companies have been fully released of any and all liabilities and claims with respect to the matters alleged in the complaint and, upon satisfaction of the terms of the settlement agreement, the complaint will be dismissed in its entirety with prejudice. ​ 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 Clean Air Act (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 (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 had been operating pursuant to its then-existing Title V Permit, which had been extended in accordance with the State Administrative Procedures Act. Additionally, the Partnership had submitted a Title V Permit renewal and a request for modifications to its existing Title V Permit. On June 25, 2024, NYSDEC issued the Title V Permit renewal and modification. The Partnership believes that it has meritorious defenses against all allegations. ​ 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 modifying the allegations of violations of the terminal’s Air Emissions License. The Partnership has entered into a consent decree (the “Consent Decree”) with the EPA and the United States Department of Justice (the “Department of Justice”), which was filed in the U.S. District Court for the District of Maine (the “Court”) on March 25, 2019. The Consent Decree was entered by the Court on December 19, 2019. The Partnership believes that compliance with the Consent Decree and implementation of the requirements of the Consent Decree will have no material impact on its operations. ​ The Partnership received a Subpoena Duces Tecum dated May 13, 2022 from the Office of the Attorney General of the State of New York (“NY AG”) requesting information regarding charges paid by retailers, distributors, or consumers for oil and gas products in or within the proximity of the State of New York during the disruption of the market triggered by Russia’s 2022 invasion of Ukraine. The Partnership has been advised that the NY AG’s office sent similar subpoena requests for information to market participants across the petroleum industry. The Partnership made an initial submission of information to the NY AG’s office and continues to cooperate with the NY AG’s office to satisfy its obligations under the subpoena. ​ The Partnership received a letter from the Office of the Attorney General of the State of Connecticut (“CT AG”) dated June 28, 2022 seeking information from the Partnership related to its sales of motor fuel to retailers within the State of Connecticut from February 3, 2022 through June 28, 2022. The Partnership has been advised that the CT AG’s office sent similar requests for information to market participants across the petroleum industry. The Partnership has complied with the CT AG’s request and submitted information responsive thereto. ​ In May 2024, a petition was filed against the Partnership’s joint venture, SPR, and the Partnership’s wholly owned subsidiary, SPR Operator, in the District Court of Harris County, Texas, alleging, among other things, the wrongful death of a customer at a retail site in Houston, Texas. SPR and ​

New Accounting Standards

New Accounting Standards	9 Months Ended
	Sep. 30, 2024
New Accounting Standards
New Accounting Standards	Note 17. New Accounting Standards ​ There have been no recently issued accounting standards that are expected to have a material impact on the Partnership’s consolidated financial statements.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events
Subsequent Events	Note 18. Subsequent Events ​ Distribution to Common Unitholders 30, 2024. On November 14, 2024, the Partnership will pay this cash distribution to its common unitholders of record as of the close of business on November 8, 2024. ​ Distribution to Series B Preferred Unitholders This d ​ ​ ​

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 45,922	$ 26,808	$ 86,469	$ 97,228

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization and Basis of Pre_2

Organization and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2024
Summary of Significant Accounting Policies
Basis of Consolidation and Presentation	The accompanying consolidated financial statements as of September 30, 2024 and December 31, 2023 and for the three and nine months ended September 30, 2024 and 2023 reflect the accounts of the Partnership. Upon consolidation, all intercompany balances and transactions have been eliminated.
Basis of Presentation	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, 2023 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. ​ The results of operations for the three and nine months ended September 30, 2024 are not necessarily indicative of the results of operations that will be realized for the entire year ending December 31, 2024. The consolidated balance sheet at December 31, 2023 has been derived from the audited consolidated financial statements included in the Partnership’s Annual Report on Form
Concentration of Risk	Concentration of Risk ​ Due to the nature of the Partnership’s businesses 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 months. 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, ​ ​ 2024 2023 2024 2023 Gasoline sales: gasoline and gasoline blendstocks (such as ethanol) 70 % 73 % 67 % 68 % Distillates (home heating oil, diesel and kerosene), residual oil and crude oil sales 27 % 23 % 30 % 28 % Convenience store and prepared food sales, rental income and sundries ​ 3 % 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, ​ ​ 2024 2023 2024 2023 Wholesale segment 22 % 15 % 24 % 20 % Gasoline Distribution and Station Operations segment 75 % 82 % 73 % 77 % Commercial segment ​ 3 % 3 % 3 % 3 % Total 100 % 100 % 100 % 100 % ​ See Note 14, “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, 2024 and 2023.

Organization and Basis of Pre_3

Organization and Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue, Product and Service Benchmark
Organization and Basis of Presentation
Schedule of concentration of risk as percentage of consolidated amount	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ ​ September 30, ​ September 30, ​ ​ 2024 2023 2024 2023 Gasoline sales: gasoline and gasoline blendstocks (such as ethanol) 70 % 73 % 67 % 68 % Distillates (home heating oil, diesel and kerosene), residual oil and crude oil sales 27 % 23 % 30 % 28 % Convenience store and prepared food sales, rental income and sundries ​ 3 % 4 % 3 % 4 % Total 100 % 100 % 100 % 100 %
Product Margin
Organization and Basis of Presentation
Schedule of concentration of risk as percentage of consolidated amount	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ ​ September 30, ​ September 30, ​ ​ 2024 2023 2024 2023 Wholesale segment 22 % 15 % 24 % 20 % Gasoline Distribution and Station Operations segment 75 % 82 % 73 % 77 % Commercial segment ​ 3 % 3 % 3 % 3 % Total 100 % 100 % 100 % 100 %

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
	Sep. 30, 2024
Acquisition
Schedule of the assets acquired and liabilities	The following table presents the assets acquired and liabilities assumed as of April 9, 2024, the acquisition date (in thousands): ​ ​ ​ ​ ​ ​ Assets acquired: ​ ​ ​ ​ Property and equipment ​ $ 217,050 ​ Right of use assets ​ ​ 350 ​ Intangible assets ​ ​ 4,800 ​ Total assets acquired ​ $ 222,200 ​ Liabilities assumed: ​ ​ ​ ​ Environmental liabilities ​ $ (6,850) ​ Lease liability ​ ​ (350) ​ Total liabilities assumed ​ $ (7,200) ​ Net assets acquired $ 215,000 ​

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contracts with Customers
Schedule of disaggregation of revenue of contracts with customers by segment	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, 2024 Revenue from contracts with customers: Wholesale GDSO Commercial Total Petroleum and related product sales ​ $ 544,210 ​ $ 1,269,955 ​ $ 192,661 ​ $ 2,006,826 ​ Station operations ​ — ​ 129,576 ​ — ​ 129,576 ​ Total revenue from contracts with customers ​ ​ 544,210 ​ ​ 1,399,531 ​ ​ 192,661 ​ ​ 2,136,402 ​ Other sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue originating as physical forward contracts and exchanges ​ ​ 2,179,349 ​ ​ — ​ ​ 84,469 ​ ​ 2,263,818 ​ Revenue from leases ​ 651 ​ 21,367 ​ — ​ 22,018 ​ Total other sales ​ ​ 2,180,000 ​ ​ 21,367 ​ ​ 84,469 ​ ​ 2,285,836 ​ Total sales ​ $ 2,724,210 ​ $ 1,420,898 ​ $ 277,130 ​ $ 4,422,238 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2023 Revenue from contracts with customers: Wholesale GDSO Commercial Total Petroleum and related product sales ​ $ 1,027,213 ​ $ 1,460,670 ​ $ 183,421 ​ $ 2,671,304 ​ Station operations ​ — ​ 136,133 ​ — ​ 136,133 ​ Total revenue from contracts with customers ​ ​ 1,027,213 ​ ​ 1,596,803 ​ ​ 183,421 ​ ​ 2,807,437 ​ Other sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue originating as physical forward contracts and exchanges ​ ​ 1,302,160 ​ ​ — ​ ​ 90,373 ​ ​ 1,392,533 ​ Revenue from leases ​ 523 ​ 20,552 ​ — ​ 21,075 ​ Total other sales ​ ​ 1,302,683 ​ ​ 20,552 ​ ​ 90,373 ​ ​ 1,413,608 ​ Total sales ​ $ 2,329,896 ​ $ 1,617,355 ​ $ 273,794 ​ $ 4,221,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2024 Revenue from contracts with customers: Wholesale GDSO Commercial Total Petroleum and related product sales ​ $ 2,001,437 ​ $ 3,683,780 ​ $ 567,886 ​ $ 6,253,103 ​ Station operations ​ — ​ 367,864 ​ — ​ 367,864 ​ Total revenue from contracts with customers ​ ​ 2,001,437 ​ ​ 4,051,644 ​ ​ 567,886 ​ ​ 6,620,967 ​ Other sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue originating as physical forward contracts and exchanges ​ ​ 6,022,577 ​ ​ — ​ ​ 268,780 ​ ​ 6,291,357 ​ Revenue from leases ​ 2,232 ​ 62,772 ​ — ​ 65,004 ​ Total other sales ​ ​ 6,024,809 ​ ​ 62,772 ​ ​ 268,780 ​ ​ 6,356,361 ​ Total sales ​ $ 8,026,246 ​ $ 4,114,416 ​ $ 836,666 ​ $ 12,977,328 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2023 Revenue from contracts with customers: Wholesale GDSO Commercial Total Petroleum and related product sales ​ $ 2,563,586 ​ $ 3,996,890 ​ $ 507,728 ​ $ 7,068,204 ​ Station operations ​ — ​ 371,416 ​ — ​ 371,416 ​ Total revenue from contracts with customers ​ ​ 2,563,586 ​ ​ 4,368,306 ​ ​ 507,728 ​ ​ 7,439,620 ​ Other sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue originating as physical forward contracts and exchanges ​ ​ 4,330,766 ​ ​ — ​ ​ 250,464 ​ ​ 4,581,230 ​ Revenue from leases ​ 1,677 ​ 60,535 ​ — ​ 62,212 ​ Total other sales ​ ​ 4,332,443 ​ ​ 60,535 ​ ​ 250,464 ​ ​ 4,643,442 ​ Total sales ​ $ 6,896,029 ​ $ 4,428,841 ​ $ 758,192 ​ $ 12,083,062 ​

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2024
Inventories
Schedule of inventories	Inventories consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2024 2023 ​ Distillates: home heating oil, diesel and kerosene ​ $ 230,329 ​ $ 154,890 ​ Gasoline ​ 153,991 ​ 134,749 ​ Gasoline blendstocks ​ 40,596 ​ 31,146 ​ Residual oil ​ 44,644 ​ 45,774 ​ Renewable identification numbers (RINs) ​ 2,399 ​ 1,684 ​ Convenience store inventory ​ 27,513 ​ 29,071 ​ Total ​ $ 499,472 ​ $ 397,314 ​

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill.
Schedule of changes in goodwill by segment	The following table presents changes in goodwill, all of which has been allocated to the Gasoline Distribution and Station Operations (“GDSO”) segment (in thousands): ​ ​ ​ ​ ​ Balance at December 31, 2023 ​ $ 429,215 ​ Dispositions (1) ​ ​ (6,873) ​ Balance at September 30, 2024 ​ $ 422,342 ​ (1) Dispositions represent derecognition of goodwill associated with the sale and disposition of certain assets.

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2024
Property and Equipment
Schedule of components of property and equipment	Property and equipment consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2024 2023 Buildings and improvements ​ $ 1,898,558 ​ $ 1,738,122 ​ Land ​ 670,941 ​ 614,548 ​ Fixtures and equipment ​ 51,581 ​ 47,589 ​ Idle plant assets ​ ​ 30,500 ​ ​ 30,500 ​ Construction in process ​ 58,631 ​ 54,281 ​ Capitalized internal use software ​ 33,808 ​ 33,808 ​ Total property and equipment ​ 2,744,019 ​ 2,518,848 ​ Less accumulated depreciation ​ 1,082,622 ​ 1,005,303 ​ Total ​ $ 1,661,397 ​ $ 1,513,545 ​

Debt and Financing Obligation (

Debt and Financing Obligation (Tables)	9 Months Ended
	Sep. 30, 2024
Debt and Financing Obligations
Schedule of total borrowings and availability under the Credit Agreement	The table below presents the total borrowings and availability under the Credit Agreement (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2024 2023 Total available commitments ​ $ 1,550,000 ​ $ 1,750,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Working capital revolving credit facility-current portion ​ ​ 219,200 ​ ​ 16,800 ​ Working capital revolving credit facility-less current portion ​ ​ — ​ ​ — ​ Revolving credit facility ​ ​ 177,000 ​ ​ 380,000 ​ Total borrowings outstanding ​ ​ 396,200 ​ ​ 396,800 ​ ​ ​ ​ ​ ​ ​ ​ ​ Less outstanding letters of credit ​ ​ 68,200 ​ ​ 220,200 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total remaining availability for borrowings and letters of credit (1) ​ $ 1,085,600 ​ $ 1,133,000 ​ (1) Subject to borrowing base limitations.
Schedule of cash flow supplemental information	The following table presents supplemental cash flow information related to the Credit Agreement for the periods presented (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended ​ ​ ​ September 30, ​ ​ ​ 2024 2023 Borrowings from working capital revolving credit facility ​ $ 1,896,200 ​ $ 1,856,600 ​ Payments on working capital revolving credit facility ​ ​ (1,693,800) ​ ​ (1,944,300) ​ Net borrowings from (payments on) working capital revolving credit facility ​ $ 202,400 ​ $ (87,700) ​ Borrowings from revolving credit facility ​ $ 218,800 ​ $ 59,500 ​ Payments on revolving credit facility ​ ​ (421,800) ​ ​ (69,500) ​ Net payments on revolving credit facility ​ $ (203,000) ​ $ (10,000) ​

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Financial Instruments
Schedule of notional values of derivative instruments	The following table summarizes the notional values related to the Partnership’s derivative instruments outstanding at September 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ Units (1) Unit of Measure Exchange-Traded Derivatives ​ ​ ​ ​ ​ Long ​ 68,387 Thousands of barrels ​ Short ​ (71,857) Thousands of barrels ​ ​ ​ ​ ​ ​ ​ OTC Derivatives (Petroleum/Ethanol) ​ ​ ​ ​ ​ Long ​ 5,495 Thousands of barrels ​ Short ​ (5,906) Thousands of barrels ​ (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	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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Location of Gain (Loss) ​ Three Months Ended ​ Nine Months Ended ​ ​ ​ Recognized in Income on ​ September 30, ​ September 30, ​ ​ ​ Derivatives ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ Derivatives in fair value hedging relationship ​ ​ ​ ​ ​ ​ Exchange-traded futures contracts and OTC derivative contracts for petroleum commodity products Cost of sales ​ $ 10,028 ​ $ (9,831) ​ $ 13,422 ​ $ (3,521) ​ Hedged items in fair value hedge relationship ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Physical inventory Cost of sales ​ $ (11,003) ​ $ 8,822 ​ $ (17,608) ​ $ (3,376) ​
Schedule of the amount of gains and losses from derivatives not involved in a hedging relationship recognized in the consolidated statements of income	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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Location of Gain (Loss) ​ Three Months Ended ​ Nine Months Ended ​ Derivatives not designated as ​ Recognized in ​ September 30, ​ September 30, ​ hedging instruments Income on Derivatives 2024 2023 2024 ​ 2023 ​ Commodity contracts Cost of sales ​ $ 2,706 ​ $ (2,444) ​ $ 2,456 ​ $ (473) ​
Schedule of fair values of derivative instruments and location in consolidated balance sheets	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, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ ​ ​ ​ Derivatives ​ Derivatives Not ​ ​ ​ ​ ​ ​ ​ Designated as ​ Designated as ​ ​ ​ ​ ​ ​ ​ Hedging ​ Hedging ​ ​ ​ ​ ​ Balance Sheet Location ​ Instruments ​ Instruments ​ Total Asset Derivatives: ​ ​ ​ ​ Exchange-traded derivative contracts Broker margin deposits ​ $ 3,107 ​ $ 72,761 ​ $ 75,868 ​ Forward derivative contracts (1) Derivative assets ​ ​ — ​ ​ 25,364 ​ ​ 25,364 ​ Total asset derivatives ​ ​ ​ $ 3,107 ​ $ 98,125 ​ $ 101,232 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liability Derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exchange-traded derivative contracts Broker margin deposits ​ $ — ​ $ (50,755) ​ $ (50,755) ​ Forward derivative contracts (1) ​ Derivative liabilities ​ ​ — ​ ​ (2,392) ​ ​ (2,392) ​ Total liability derivatives ​ ​ ​ $ — ​ $ (53,147) ​ $ (53,147) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ Derivatives ​ Derivatives Not ​ ​ ​ ​ ​ ​ ​ Designated as ​ Designated as ​ ​ ​ ​ ​ ​ ​ Hedging ​ Hedging ​ ​ ​ ​ ​ Balance Sheet Location ​ Instruments ​ Instruments ​ Total Asset Derivatives: ​ ​ ​ ​ Exchange-traded derivative contracts Broker margin deposits ​ $ — ​ $ 67,430 ​ $ 67,430 ​ Forward derivative contracts (1) Derivative assets ​ ​ — ​ ​ 17,656 ​ ​ 17,656 ​ Total asset derivatives ​ ​ ​ $ — ​ $ 85,086 ​ $ 85,086 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liability Derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exchange-traded derivative contracts ​ Broker margin deposits ​ $ 10,678 ​ $ (44,687) ​ $ (34,009) ​ Forward derivative contracts (1) Derivative liabilities ​ ​ — ​ ​ (4,987) ​ ​ (4,987) ​ Total liability derivatives ​ ​ ​ $ 10,678 ​ $ (49,674) ​ $ (38,996) ​ (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, 2024
Fair Value Measurements
Schedule of financial assets and financial liabilities measured at fair value on a recurring basis	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, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value at September 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ Cash Collateral ​ ​ ​ ​ Level 1 Level 2 Netting Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward derivative contracts (1) ​ $ — ​ $ 25,364 ​ $ — ​ $ 25,364 ​ Exchange-traded/cleared derivative instruments (2) ​ 25,113 ​ — ​ (6,631) ​ 18,482 ​ Pension plans ​ 10,485 ​ — ​ — ​ 10,485 ​ Total assets ​ $ 35,598 ​ $ 25,364 ​ $ (6,631) ​ $ 54,331 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward derivative contracts (1) ​ $ — ​ $ (2,392) ​ $ — ​ $ (2,392) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value at December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Cash Collateral ​ ​ ​ ​ Level 1 Level 2 Netting Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward derivative contracts (1) ​ $ — ​ $ 17,656 ​ $ — ​ $ 17,656 ​ Exchange-traded/cleared derivative instruments (2) ​ 33,421 ​ — ​ (20,642) ​ 12,779 ​ Pension plans ​ 19,113 ​ — ​ — ​ 19,113 ​ Total assets ​ $ 52,534 ​ $ 17,656 ​ $ (20,642) ​ $ 49,548 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward derivative contracts (1) ​ $ — ​ $ (4,987) ​ $ — ​ $ (4,987) ​ (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	The fair values of the senior notes, estimated by observing market trading prices of the respective senior notes, were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ ​ Face ​ Fair ​ Face ​ Fair ​ ​ Value ​ Value ​ Value ​ Value ​ 7.00% senior notes due 2027 $ 400,000 ​ $ 403,000 ​ $ 400,000 ​ $ 390,516 ​ 6.875% senior notes due 2029 $ 350,000 ​ $ 349,563 ​ $ 350,000 ​ $ 340,130 ​ 8.250% senior notes due 2032 $ 450,000 ​ $ 465,750 ​ $ — ​ $ — ​

Environmental Liabilities (Tabl

Environmental Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Environmental Liabilities
Summary roll forward of the environmental liabilities	The following table presents a summary roll forward of the Partnership’s environmental liabilities at September 30, 2024 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ ​ ​ ​ ​ ​ ​ Other Balance at ​ ​ December 31, ​ Additions ​ Payments ​ Dispositions ​ Adjustments ​ September 30, Environmental Liability Related to: ​ 2023 ​ 2024 ​ 2024 ​ 2024 ​ 2024 ​ 2024 Retail gasoline stations ​ $ 63,539 ​ $ — ​ $ (2,840) ​ $ (2,171) ​ $ 184 ​ $ 58,712 ​ Terminals ​ 12,610 ​ 6,850 ​ (245) ​ — ​ 76 ​ 19,291 ​ Total environmental liabilities ​ $ 76,149 ​ $ 6,850 ​ $ (3,085) ​ $ (2,171) ​ $ 260 ​ $ 78,003 ​ Current portion ​ $ 5,057 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,493 ​ Long-term portion ​ 71,092 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 72,510 ​ Total environmental liabilities ​ $ 76,149 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 78,003 ​

Related-Party Transactions (Tab

Related-Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2024
Related-Party Transactions
Schedule of receivables from related parties	Accounts receivable–affiliates consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2024 2023 Receivables from the General Partner (1) ​ $ 4,328 ​ $ 8,031 ​ Receivables from Spring Partners Retail LLC (2) ​ ​ 1,779 ​ ​ 111 ​ Total ​ $ 6,107 ​ $ 8,142 ​ (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. (2) Receivables from SPR reflect the Partnership’s payment of direct expenditures on behalf of SPR under the operations and maintenance agreement.

Partners' Equity and Cash Dis_2

Partners' Equity and Cash Distributions (Tables)	9 Months Ended
	Sep. 30, 2024
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 %
Common Limited Partners
Schedule of cash distributions made by the Partnership	The Partnership paid the following cash distributions to common unitholders during 2024 (in thousands, except per unit data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Per Unit ​ ​ ​ ​ ​ ​ ​ ​ Cash Distribution ​ Quarter ​ Cash ​ Common ​ General ​ Incentive ​ Total Cash Payment Date Ended ​ Distribution ​ Units ​ Partner ​ Distribution ​ Distribution 2/14/2024 (1) ​ 12/31/23 ​ $ 0.7000 ​ $ 23,797 ​ $ 180 ​ $ 2,857 ​ $ 26,834 ​ 5/15/2024 (1) ​ 03/31/24 ​ 0.7100 ​ 24,137 ​ 185 ​ 3,174 ​ 27,496 ​ 8/14/2024 (1) ​ 06/30/24 ​ 0.7200 ​ 24,477 ​ 189 ​ 3,493 ​ 28,159 ​ (1) This distribution resulted in the Partnership exceeding its third target level distribution for this quarter. As a result, the General Partner, as the holder of the IDRs, received an incentive distribution.
Series A Preferred Limited Partners
Schedule of cash distributions made by the Partnership	The Partnership paid the following cash distributions on the Series A Preferred Units during 2024 (in thousands, except per unit data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ Per Unit ​ ​ ​ ​ ​ ​ Cash Distribution ​ Quarterly Period ​ Cash ​ Total Cash ​ ​ Payment Date Covering ​ Distribution Distribution ​ Rate 2/15/2024 ​ 11/15/23 - 2/14/24 ​ $ 0.77596 ​ $ 2,142 ​ 10.42% ​
Series B Preferred Limited Partners
Schedule of cash distributions made by the Partnership	The Partnership paid the following cash distributions on the Series B Preferred Units during 2024 (in thousands, except per unit data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Per Unit ​ ​ Cash Distribution ​ Quarterly Period ​ Cash ​ Total Cash Payment Date Covering Distribution Distribution 2/15/2024 ​ 11/15/23 - 2/14/24 ​ $ 0.59375 ​ $ 1,781 ​ 5/15/2024 ​ 2/15/24 - 5/14/24 ​ ​ 0.59375 ​ ​ 1,781 ​ 8/15/2024 ​ 5/15/24 - 8/14/24 ​ ​ 0.59375 ​ ​ 1,781 ​

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting
Summary of financial information for the reportable segments	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, ​ ​ 2024 2023 2024 ​ 2023 ​ Wholesale Segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gasoline and gasoline blendstocks ​ $ 1,790,302 ​ $ 1,614,459 ​ $ 4,909,560 ​ $ 4,213,536 ​ Distillates and other oils (1) ​ 933,908 ​ 715,437 ​ 3,116,686 ​ 2,682,493 ​ Total ​ $ 2,724,210 ​ $ 2,329,896 ​ $ 8,026,246 ​ $ 6,896,029 ​ Product margin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gasoline and gasoline blendstocks ​ $ 43,024 ​ $ 20,390 ​ $ 143,197 ​ $ 79,799 ​ Distillates and other oils (1) ​ 28,118 ​ 16,780 ​ 69,230 ​ 70,226 ​ Total ​ $ 71,142 ​ $ 37,170 ​ $ 212,427 ​ $ 150,025 ​ Gasoline Distribution and Station Operations Segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gasoline ​ $ 1,269,955 ​ $ 1,460,670 ​ $ 3,683,780 ​ $ 3,996,890 ​ Station operations (2) ​ 150,943 ​ 156,685 ​ 430,636 ​ 431,951 ​ Total ​ $ 1,420,898 ​ $ 1,617,355 ​ $ 4,114,416 ​ $ 4,428,841 ​ Product margin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gasoline ​ $ 164,122 ​ $ 132,000 ​ $ 433,065 ​ $ 380,699 ​ Station operations (2) ​ 73,590 ​ 74,530 ​ 213,831 ​ 208,456 ​ Total ​ $ 237,712 ​ $ 206,530 ​ $ 646,896 ​ $ 589,155 ​ Commercial Segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ $ 277,130 ​ $ 273,794 ​ $ 836,666 ​ $ 758,192 ​ Product margin ​ $ 9,509 ​ $ 8,426 ​ $ 22,699 ​ $ 23,310 ​ Combined sales and Product margin: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ $ 4,422,238 ​ $ 4,221,045 ​ $ 12,977,328 ​ $ 12,083,062 ​ Product margin (3) ​ $ 318,363 ​ $ 252,126 ​ $ 882,022 ​ $ 762,490 ​ Depreciation allocated to cost of sales ​ (32,314) ​ (23,606) ​ (92,954) ​ (69,247) ​ Combined gross profit ​ $ 286,049 ​ $ 228,520 ​ $ 789,068 ​ $ 693,243 ​ (1) Distillates and other oils (primarily residual oil and crude oil). (2) Station operations consist of convenience store and prepared food sales, rental income and sundries. (3) 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	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, ​ 2024 2023 2024 ​ 2023 Combined gross profit ​ $ 286,049 ​ $ 228,520 ​ $ 789,068 ​ $ 693,243 ​ Operating costs and expenses not allocated to operating segments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ 70,495 ​ 63,479 ​ 212,646 ​ 192,431 ​ Operating expenses ​ 137,126 ​ 115,944 ​ 387,235 ​ 334,676 ​ Amortization expense ​ ​ 2,288 ​ ​ 2,017 ​ ​ 6,146 ​ ​ 6,119 ​ Net gain on sale and disposition of assets ​ ​ (7,805) ​ ​ (897) ​ ​ (10,609) ​ ​ (2,141) ​ Long-lived asset impairment ​ ​ 492 ​ ​ — ​ ​ 492 ​ ​ — ​ Total operating costs and expenses ​ 202,596 ​ 180,543 ​ 595,910 ​ 531,085 ​ Operating income ​ 83,453 ​ 47,977 ​ 193,158 ​ 162,158 ​ (Loss) income from equity method investments ​ ​ (147) ​ ​ 1,180 ​ ​ (1,872) ​ ​ 2,384 ​ Interest expense ​ (35,129) ​ (21,089) ​ (100,356) ​ (64,963) ​ Income tax expense ​ (2,255) ​ (1,260) ​ (4,461) ​ (2,351) ​ Net income ​ $ 45,922 ​ $ 26,808 ​ $ 86,469 ​ $ 97,228 ​
Schedule of total assets by reportable segment	The table below presents total assets by reportable segment at September 30, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wholesale ​ Commercial ​ GDSO ​ Unallocated (1) ​ Total September 30, 2024 $ 1,188,573 $ — $ 1,872,341 $ 604,201 $ 3,665,115 December 31, 2023 $ 862,850 $ — $ 1,910,058 $ 673,103 $ 3,446,011 (1) Includes the Partnership’s equity method investments (see Note 11).

Net Income Per Common Limited_2

Net Income Per Common Limited Partner Unit (Tables)	9 Months Ended
	Sep. 30, 2024
Net Income Per Common Limited Partner Unit
Schedule of reconciliation of net (loss) income and the assumed allocation of net (loss) income to the limited partners' interest for purposes of computing net (loss) income per limited partner unit	The following table provides a reconciliation of net income and the assumed allocation of net income to the common limited partners (after deducting amounts allocated to preferred unitholders) for purposes of computing net income per common limited partner unit for the periods presented (in thousands, except per unit data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2024 ​ ​ Three Months Ended September 30, 2023 ​ ​ ​ ​ Common General ​ ​ ​ ​ Common General ​ ​ ​ ​ ​ ​ ​ Limited ​ Partner ​ ​ ​ ​ ​ ​ ​ ​ Limited ​ Partner ​ ​ ​ Numerator: Total Partners Interest IDRs Total Partners Interest IDRs Net income ​ $ 45,922 ​ $ 41,804 ​ $ 4,118 ​ $ — ​ ​ $ 26,808 ​ $ 24,248 ​ $ 2,560 ​ $ — ​ Declared distribution ​ $ 28,821 ​ $ 24,817 ​ $ 194 ​ $ 3,810 ​ ​ $ 25,841 ​ $ 23,287 ​ $ 174 ​ $ 2,380 ​ Assumed allocation of undistributed net income ​ 17,101 ​ 16,987 ​ 114 ​ — ​ ​ 967 ​ 961 ​ 6 ​ — ​ Assumed allocation of net income ​ $ 45,922 ​ $ 41,804 ​ $ 308 ​ $ 3,810 ​ ​ $ 26,808 ​ $ 24,248 ​ $ 180 ​ $ 2,380 ​ Less: Preferred limited partner interest in net income ​ ​ ​ ​ ​ 1,781 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,712 ​ ​ ​ ​ ​ ​ ​ Net income attributable to common limited partners ​ ​ ​ ​ $ 40,023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 20,536 ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average common units outstanding ​ ​ ​ ​ 33,781 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 33,983 ​ ​ ​ ​ ​ ​ ​ Dilutive effect of phantom units ​ ​ ​ ​ 412 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 80 ​ ​ ​ ​ ​ ​ ​ Diluted weighted average common units outstanding ​ ​ ​ ​ 34,193 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 34,063 ​ ​ ​ ​ ​ ​ ​ Basic net income per common limited partner unit ​ ​ ​ ​ $ 1.18 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 0.60 ​ ​ ​ ​ ​ ​ ​ Diluted net income per common limited partner unit ​ ​ ​ ​ $ 1.17 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 0.60 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 ​ ​ ​ ​ Common General ​ ​ ​ ​ ​ ​ Common General ​ ​ ​ ​ ​ ​ ​ Limited ​ Partner ​ ​ ​ ​ ​ ​ ​ ​ Limited ​ Partner ​ ​ ​ Numerator: ​ Total ​ Partners ​ Interest ​ IDRs Total Partners Interest IDRs Net income ​ $ 86,469 ​ $ 75,413 ​ $ 11,056 ​ $ — ​ ​ $ 97,228 ​ $ 90,547 ​ $ 6,681 ​ $ — ​ Declared distribution ​ $ 84,476 ​ $ 73,431 ​ $ 568 ​ $ 10,477 ​ ​ $ 75,035 ​ $ 68,501 ​ $ 505 ​ $ 6,029 ​ Assumed allocation of undistributed net income ​ 1,993 ​ 1,982 ​ 11 ​ — ​ ​ 22,193 ​ 22,046 ​ 147 ​ — ​ Assumed allocation of net income ​ $ 86,469 ​ $ 75,413 ​ $ 579 ​ $ 10,477 ​ ​ $ 97,228 ​ $ 90,547 ​ $ 652 ​ $ 6,029 ​ Less: Preferred limited partner interest in net income ​ ​ ​ ​ ​ 7,794 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10,638 ​ ​ ​ ​ ​ ​ ​ Less: Redemption of Series A preferred limited partner units ​ ​ ​ ​ ​ 2,634 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ Net income attributable to common limited partners ​ ​ ​ ​ $ 64,985 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 79,909 ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average common units outstanding ​ ​ ​ ​ 33,884 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 33,985 ​ ​ ​ ​ ​ ​ ​ Dilutive effect of phantom units ​ ​ ​ ​ 371 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 41 ​ ​ ​ ​ ​ ​ ​ Diluted weighted average common units outstanding ​ ​ ​ ​ 34,255 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 34,026 ​ ​ ​ ​ ​ ​ ​ Basic net income per common limited partner unit ​ ​ ​ ​ $ 1.92 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2.35 ​ ​ ​ ​ ​ ​ ​ Diluted net income per common limited partner unit ​ ​ ​ ​ $ 1.90 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2.35 ​ ​ ​ ​ ​ ​ ​ ​

Organization and Basis of Pre_4

Organization and Basis of Presentation (Details)

9 Months Ended

Aug. 14, 2024 $ / shares

May 15, 2024 $ / shares

Apr. 15, 2024 $ / shares shares

Feb. 15, 2024 $ / shares

Feb. 14, 2024 $ / shares

Sep. 30, 2024 USD ($) location store shares

Apr. 09, 2024 item

Feb. 08, 2024 USD ($)

Feb. 05, 2024 USD ($)

Feb. 04, 2024 USD ($)

Jan. 18, 2024 USD ($)

Dec. 31, 2023 USD ($) shares

Organization and Basis of Presentation

Number of owned, leased and/or supplied gasoline stations

1,589

Number of convenience stores | store

306

Per Unit Cash Distribution (in dollars per unit) | $ / shares

$ 0.7200

$ 0.7100

$ 0.7000

Total available commitments

$ 1,550,000,000

$ 1,550,000,000

$ 1,750,000,000

Number of terminals acquired | item

4

Debt Instruments [Abstract]

Aggregate principal amount

$ 450,000,000

Spring Partners Retail LLC

Organization and Basis of Presentation

Number of Gasoline Stations Operated by Affiliate | location

64

Credit Agreement

Organization and Basis of Presentation

Total available commitments

$ 1,550,000,000

$ 0

$ 200,000,000

Working Capital Facility

Organization and Basis of Presentation

Amount of borrowing capacity reallocated to another credit facility

300,000,000

Total available commitments

950,000,000

$ 950,000,000

Non Working Capital Facility

Organization and Basis of Presentation

Total available commitments

600,000,000

$ 600,000,000

Senior Notes 8.250 Percent Due 2032

Debt Instruments [Abstract]

Aggregate principal amount

$ 450,000,000

$ 450,000,000

Stated interest rate (as a percent)

8.25%

8.25%

8.25%

Global Partners LP | Affiliates of general partner

Organization and Basis of Presentation

Limited partner ownership interest (as a percent)

19.70%

Common Limited Partners

Organization and Basis of Presentation

Number of units held | shares

33,727,256

33,882,357

Common Limited Partners | Affiliates of general partner

Organization and Basis of Presentation

Number of units held | shares

6,415,996

Series A Preferred Limited Partners

Organization and Basis of Presentation

Number of units held | shares

0

0

2,760,000

Limited Partnership Units Redemption Price | $ / shares

$ 25

Per Unit Cash Distribution (in dollars per unit) | $ / shares

$ 0.514275

$ 0.77596

General Partner

Organization and Basis of Presentation

Number of units held | shares

268,307

General Partner | Global Partners LP

Organization and Basis of Presentation

General partner interest (as a percent)

0.67%

Organization and Basis of Pre_5

Organization and Basis of Presentation - Risk, Impairment, etc. (Details) - customer	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Sales Revenue | Product
Organization and Basis of Presentation
Percentage of consolidated total	100%	100%	100%	100%
Sales Revenue | Product | Gasoline sales: gasoline and gasoline blendstocks (such as ethanol)
Organization and Basis of Presentation
Percentage of consolidated total	70%	73%	67%	68%
Sales Revenue | Product | Distillates (home heating oil, diesel and kerosene), residual oil and crude oil sales
Organization and Basis of Presentation
Percentage of consolidated total	27%	23%	30%	28%
Sales Revenue | Product | Convenience store and prepared food sales, rental income and sundries
Organization and Basis of Presentation
Percentage of consolidated total	3%	4%	3%	4%
Sales Revenue | Customer
Organization and Basis of Presentation
Number of customers	0	0	0	0
Product Margin | Customer
Organization and Basis of Presentation
Percentage of consolidated total	100%	100%	100%	100%
Product Margin | Customer | Wholesale segment
Organization and Basis of Presentation
Percentage of consolidated total	22%	15%	24%	20%
Product Margin | Customer | Gasoline Distribution and Station Operations segment
Organization and Basis of Presentation
Percentage of consolidated total	75%	82%	73%	77%
Product Margin | Customer | Commercial segment
Organization and Basis of Presentation
Percentage of consolidated total	3%	3%	3%	3%

Acquisition (Details)

Acquisition (Details) $ in Millions		9 Months Ended
	Apr. 09, 2024 USD ($) item	Sep. 30, 2024 USD ($)
Acquisition
Number of terminals acquired	4
Acquisition of terminals from Gulf oil limited partnership target companies
Acquisition
Number of terminals acquired	4
Consideration Transferred | $	$ 215	$ 2.7
Estimated economic useful life	10 years

Acquisition - Asset Acquisition

Acquisition - Asset Acquisition (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Apr. 09, 2024	Dec. 31, 2023
Assets acquired:
Property and equipment	$ 1,661,397		$ 1,513,545
Right of use assets, net	306,191		252,849
Intangible assets	19,372		20,718
Total assets	3,665,115		3,446,011
Liabilities assumed:
Environmental liabilities	(72,510)		(71,092)
Lease liability	(262,754)		(200,195)
Total liabilities assumed	$ (2,941,793)		$ (2,645,351)
Acquisition of terminals from Gulf oil limited partnership target companies
Assets acquired:
Property and equipment		$ 217,050
Right of use assets, net		350
Intangible assets		4,800
Total assets		222,200
Liabilities assumed:
Environmental liabilities		(6,850)
Lease liability		(350)
Total liabilities assumed		(7,200)
Net assets acquired		$ 215,000

Revenue from Contract Customers

Revenue from Contract Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Disaggregation of Revenue
Total revenue from contracts with customers	$ 2,136,402	$ 2,807,437	$ 6,620,967	$ 7,439,620
Revenue originating as physical forward contracts and exchanges	2,263,818	1,392,533	6,291,357	4,581,230
Revenue from leases	$ 22,018	$ 21,075	$ 65,004	$ 62,212
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Total sales	Total sales	Total sales	Total sales
Total other sales	$ 2,285,836	$ 1,413,608	$ 6,356,361	$ 4,643,442
Total sales	4,422,238	4,221,045	12,977,328	12,083,062
Contract with Customer, Contract Asset, Contract Liability, and Receivable
Contract liabilities	0		$ 0		$ 0
Minimum
Contract with Customer, Contract Asset, Contract Liability, and Receivable
Payment terms			2 days
Maximum
Contract with Customer, Contract Asset, Contract Liability, and Receivable
Payment terms			30 days
Petroleum and related product sales
Disaggregation of Revenue
Total revenue from contracts with customers	2,006,826	2,671,304	$ 6,253,103	7,068,204
Station operations
Disaggregation of Revenue
Total revenue from contracts with customers	129,576	136,133	367,864	371,416
Wholesale
Disaggregation of Revenue
Total revenue from contracts with customers	544,210	1,027,213	2,001,437	2,563,586
Revenue originating as physical forward contracts and exchanges	2,179,349	1,302,160	6,022,577	4,330,766
Revenue from leases	651	523	2,232	1,677
Total other sales	2,180,000	1,302,683	6,024,809	4,332,443
Total sales	2,724,210	2,329,896	8,026,246	6,896,029
Wholesale | Petroleum and related product sales
Disaggregation of Revenue
Total revenue from contracts with customers	544,210	1,027,213	2,001,437	2,563,586
GDSO
Disaggregation of Revenue
Total revenue from contracts with customers	1,399,531	1,596,803	4,051,644	4,368,306
Revenue from leases	21,367	20,552	62,772	60,535
Total other sales	21,367	20,552	62,772	60,535
Total sales	1,420,898	1,617,355	4,114,416	4,428,841
GDSO | Petroleum and related product sales
Disaggregation of Revenue
Total revenue from contracts with customers	1,269,955	1,460,670	3,683,780	3,996,890
GDSO | Station operations
Disaggregation of Revenue
Total revenue from contracts with customers	129,576	136,133	367,864	371,416
Total sales	150,943	156,685	430,636	431,951
Commercial
Disaggregation of Revenue
Total revenue from contracts with customers	192,661	183,421	567,886	507,728
Revenue originating as physical forward contracts and exchanges	84,469	90,373	268,780	250,464
Total other sales	84,469	90,373	268,780	250,464
Total sales	277,130	273,794	836,666	758,192
Commercial | Petroleum and related product sales
Disaggregation of Revenue
Total revenue from contracts with customers	$ 192,661	$ 183,421	$ 567,886	$ 507,728

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Inventories
Inventories	$ 499,472	$ 397,314
Positive exchange balances	3,800	500
Negative exchange balances	27,200	29,800
Distillates: home heating oil, diesel and kerosene
Inventories
Inventories	230,329	154,890
Gasoline
Inventories
Inventories	153,991	134,749
Gasoline blendstocks
Inventories
Inventories	40,596	31,146
Residual oil
Inventories
Inventories	44,644	45,774
Renewable identification numbers (RINs)
Inventories
Inventories	2,399	1,684
Convenience store inventory
Inventories
Inventories	$ 27,513	$ 29,071

Goodwill - Changes In Goodwill

Goodwill - Changes In Goodwill By Segment (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Roll forward of the Partnership's goodwill
Goodwill (Beginning balance)	$ 429,215
Goodwill (Ending balance)	422,342
GDSO
Roll forward of the Partnership's goodwill
Goodwill (Beginning balance)	429,215
Dispositions	(6,873)
Goodwill (Ending balance)	$ 422,342

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Property and Equipment
Total property and equipment	$ 2,744,019,000		$ 2,744,019,000		$ 2,518,848,000
Less accumulated depreciation	1,082,622,000		1,082,622,000		1,005,303,000
Total	1,661,397,000		1,661,397,000		1,513,545,000
Long-lived assets subject to impairment	38,700,000		38,700,000
Long-lived asset impairment	492,000	$ 0	492,000	$ 0
Buildings and improvements
Property and Equipment
Total property and equipment	1,898,558,000		1,898,558,000		1,738,122,000
Land
Property and Equipment
Total property and equipment	670,941,000		670,941,000		614,548,000
Fixtures and equipment
Property and Equipment
Total property and equipment	51,581,000		51,581,000		47,589,000
Idle plant assets
Property and Equipment
Total property and equipment	30,500,000		30,500,000		30,500,000
Total	30,500,000		30,500,000		30,500,000
Construction in process
Property and Equipment
Total property and equipment	58,631,000		58,631,000		54,281,000
Retail gasoline stations
Property and Equipment
Assets held for sale	6,700,000		6,700,000		20,300,000
Capitalized internal use software
Property and Equipment
Total property and equipment	$ 33,808,000		$ 33,808,000		$ 33,808,000

Debt and Financing Obligations

Debt and Financing Obligations - Credit Facility (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023	Sep. 30, 2024 USD ($) item	Sep. 30, 2023	Feb. 08, 2024 USD ($)	Feb. 05, 2024 USD ($)	Feb. 04, 2024 USD ($)	Dec. 31, 2023 USD ($)
Debt and Financing Obligations
Total available commitments	$ 1,550,000		$ 1,550,000		$ 1,550,000			$ 1,750,000
Working capital revolving credit facility-current portion	219,200		219,200					16,800
Revolving credit facility	177,000		177,000					380,000
Total borrowings outstanding	396,200		396,200					396,800
Less outstanding letters of credit	68,200		68,200					220,200
Total remaining availability for borrowings and letters of credit	1,085,600		1,085,600					$ 1,133,000
Credit Agreement
Debt and Financing Obligations
Total available commitments	$ 1,550,000		$ 1,550,000			$ 0	$ 200,000
Number of line of credit facilities | item			2
Average interest rates (as a percent)	7.60%	7.50%	7.60%	7%
Working Capital Facility
Debt and Financing Obligations
Total available commitments	$ 950,000		$ 950,000			950,000
Amount of borrowing capacity reallocated to another credit facility						$ 300,000
Non Working Capital Facility
Debt and Financing Obligations
Total available commitments	$ 600,000		$ 600,000		$ 600,000

Debt and Financing Obligation_2

Debt and Financing Obligations - Deferred Financing Fees, Supplemental Cash Flow (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Supplemental Cash Flow Information [Abstract]
Unamortized fees	$ 21,700,000		$ 21,700,000		$ 20,000,000
Amortization expenses	1,900,000	$ 1,400,000	5,576,000	$ 4,134,000
Sale-lease transactions | Sale Leaseback Sites
Supplemental Cash Flow Information [Abstract]
Unamortized fees	400,000		400,000		500,000
Credit Agreement
Supplemental Cash Flow Information [Abstract]
Write-off of a portion of the original issue discount and deferred financing fees	0		1,400,000
Unamortized fees	7,300,000		7,300,000		12,200,000
Working Capital Facility
Supplemental Cash Flow Information [Abstract]
Borrowing from credit facility			1,896,200,000	1,856,600,000
Payments on credit facility			(1,693,800,000)	(1,944,300,000)
Net (payments on) borrowings from credit facility			202,400,000	(87,700,000)
Non Working Capital Facility
Supplemental Cash Flow Information [Abstract]
Borrowing from credit facility			218,800,000	59,500,000
Payments on credit facility			(421,800,000)	(69,500,000)
Net (payments on) borrowings from credit facility			(203,000,000)	$ (10,000,000)
Senior Notes
Supplemental Cash Flow Information [Abstract]
Unamortized fees	$ 14,000,000		$ 14,000,000		$ 7,300,000

Debt and Financing Obligation_3

Debt and Financing Obligations - Notes (Details) - USD ($) $ in Thousands	Jan. 18, 2024	Sep. 30, 2024	Dec. 31, 2023
Debt and Financing Obligations
Aggregate principal amount	$ 450,000
Senior Notes 6.875 Percent Due 2029
Debt and Financing Obligations
Stated interest rate (as a percent)		6.875%	6.875%
Aggregate principal amount		$ 350,000	$ 350,000
Senior Notes 7.00 Percent Due 2027
Debt and Financing Obligations
Stated interest rate (as a percent)		7%	7%
Aggregate principal amount		$ 400,000	$ 400,000
Senior Notes 8.250 Percent Due 2032
Debt and Financing Obligations
Stated interest rate (as a percent)	8.25%	8.25%	8.25%
Aggregate principal amount	$ 450,000	$ 450,000
Minimum percentage of principal amount held by trustee or the holders to declare notes due and payable	25%
Percentage of principal amount that the Partnership may redeem	35%
Indebtedness unpaid or accelerated debt triggering debt default	$ 50,000
Period for payment of default	60 days
Senior Notes 8.250 Percent Due 2032 | Redemption Period, 1st 12 month period
Debt and Financing Obligations
Redemption price as a percentage of principal amount	108.25%
Senior Notes 8.250 Percent Due 2032 | Redemption Period. 2nd 12 month period
Debt and Financing Obligations
Redemption price as a percentage of principal amount	104.125%
Senior Notes 8.250 Percent Due 2032 | Redemption Period, 3rd 12 month period
Debt and Financing Obligations
Redemption price as a percentage of principal amount	102.063%
Senior Notes 8.250 Percent Due 2032 | Redemption Period, 4th 12 month period
Debt and Financing Obligations
Redemption price as a percentage of principal amount	100%

Derivative Financial Instrume_3

Derivative Financial Instruments (Details)	9 Months Ended
	Sep. 30, 2024 MBbls
Exchange-Traded Derivatives | Long
Derivative Financial Instruments
Nonmonetary units	68,387
Exchange-Traded Derivatives | Short
Derivative Financial Instruments
Nonmonetary units	71,857
OTC Derivatives (Petroleum/Ethanol) | Long
Derivative Financial Instruments
Nonmonetary units	5,495
OTC Derivatives (Petroleum/Ethanol) | Short
Derivative Financial Instruments
Nonmonetary units	5,906

Derivative Financial Instrume_4

Derivative Financial Instruments - Hedges (Details) - Derivatives in fair value hedging relationship - Cost of sales - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Futures contracts
Derivative Financial Instruments
Fair value hedge, Amount of Gain (Loss) Recognized in Income on Derivatives	$ 10,028	$ (9,831)	$ 13,422	$ (3,521)
Inventory
Derivative Financial Instruments
Fair value hedge, Amount of Gain (Loss) Recognized in Income on Hedged Items	$ (11,003)	$ 8,822	$ (17,608)	$ (3,376)

Derivative Financial Instrume_5

Derivative Financial Instruments - Not Designated (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivatives not designated as hedging instruments | Commodity contracts | Cost of sales
Derivative Financial Instruments
Amount of Gain (Loss) Recognized in Income on Derivatives	$ 2,706	$ (2,444)	$ 2,456	$ (473)

Derivative Financial Instrume_6

Derivative Financial Instruments - Commodity Contracts, etc. (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivative Financial Instruments
Total asset derivatives	$ 101,232	$ 85,086
Total liability derivatives	(53,147)	(38,996)
Exchange-traded derivative contracts | Broker margin deposits
Derivative Financial Instruments
Total asset derivatives	75,868	67,430
Total liability derivatives	(50,755)	(34,009)
Forward derivative contracts | Derivative assets
Derivative Financial Instruments
Total asset derivatives	25,364	17,656
Forward derivative contracts | Derivative liabilities
Derivative Financial Instruments
Total liability derivatives	(2,392)	(4,987)
Derivatives designated as hedging instruments
Derivative Financial Instruments
Total asset derivatives	3,107
Total liability derivatives		10,678
Derivatives designated as hedging instruments | Exchange-traded derivative contracts | Broker margin deposits
Derivative Financial Instruments
Total asset derivatives	3,107
Total liability derivatives		10,678
Derivatives not designated as hedging instruments
Derivative Financial Instruments
Total asset derivatives	98,125	85,086
Total liability derivatives	(53,147)	(49,674)
Derivatives not designated as hedging instruments | Exchange-traded derivative contracts | Broker margin deposits
Derivative Financial Instruments
Total asset derivatives	72,761	67,430
Total liability derivatives	(50,755)	(44,687)
Derivatives not designated as hedging instruments | Forward derivative contracts | Derivative assets
Derivative Financial Instruments
Total asset derivatives	25,364	17,656
Derivatives not designated as hedging instruments | Forward derivative contracts | Derivative liabilities
Derivative Financial Instruments
Total liability derivatives	$ (2,392)	$ (4,987)

Fair Value Measurements - Recur

Fair Value Measurements - Recurring (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jan. 18, 2024	Dec. 31, 2023
Liabilities:
Face value of debt instrument		$ 450,000
Senior Notes 7.00 Percent Due 2027
Liabilities:
Stated interest rate (as a percent)	7%		7%
Face value of debt instrument	$ 400,000		$ 400,000
Fair value of debt instrument	$ 403,000		$ 390,516
Senior Notes 6.875 Percent Due 2029
Liabilities:
Stated interest rate (as a percent)	6.875%		6.875%
Face value of debt instrument	$ 350,000		$ 350,000
Fair value of debt instrument	$ 349,563		$ 340,130
Senior Notes 8.250 Percent Due 2032
Liabilities:
Stated interest rate (as a percent)	8.25%	8.25%	8.25%
Face value of debt instrument	$ 450,000	$ 450,000
Fair value of debt instrument	$ 465,750
Forward derivative contracts
Assets:
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Derivative Asset, Current		Derivative Asset, Current
Liabilities:
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Derivative Liability, Current		Derivative Liability, Current
Recurring basis | Exchange-Traded Derivatives
Assets:
Cash collateral netting	$ (6,631)		$ (20,642)
Recurring basis | Total estimated fair value
Assets:
Pension plans	10,485		19,113
Total assets	54,331		49,548
Recurring basis | Total estimated fair value | Forward derivative contracts
Assets:
Derivative assets	25,364		17,656
Liabilities:
Derivative liabilities	(2,392)		(4,987)
Recurring basis | Total estimated fair value | Exchange-Traded Derivatives
Assets:
Exchange-traded/cleared derivative instruments	18,482		12,779
Recurring basis | Total estimated fair value | Level 1
Assets:
Pension plans	10,485		19,113
Total assets	35,598		52,534
Recurring basis | Total estimated fair value | Level 1 | Exchange-Traded Derivatives
Assets:
Exchange-traded/cleared derivative instruments	25,113		33,421
Recurring basis | Total estimated fair value | Level 2
Assets:
Total assets	25,364		17,656
Recurring basis | Total estimated fair value | Level 2 | Forward derivative contracts
Assets:
Derivative assets	25,364		17,656
Liabilities:
Derivative liabilities	$ (2,392)		$ (4,987)

Environmental Liabilities (Deta

Environmental Liabilities (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)	Apr. 09, 2024 item	Dec. 31, 2023 USD ($)
Changes in environmental liabilities during the period
Balance at the beginning of the period	$ 76,149
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]	Current portion		Current portion
Additions	$ 6,850
Payments	(3,085)
Dispositions	(2,171)
Other adjustments	260
Balance at the end of the period	$ 78,003
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]	Current portion		Current portion
Environmental liabilities
Current portion	$ 5,493		$ 5,057
Long-term portion	72,510		71,092
Total environmental liabilities	$ 78,003		$ 76,149
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]	Current portion		Current portion
Number of terminals acquired | item		4
Retail gasoline stations
Changes in environmental liabilities during the period
Balance at the beginning of the period	$ 63,539
Payments	(2,840)
Dispositions	(2,171)
Other adjustments	184
Balance at the end of the period	58,712
Environmental liabilities
Total environmental liabilities	58,712		$ 63,539
Terminals
Changes in environmental liabilities during the period
Balance at the beginning of the period	12,610
Additions	6,850
Payments	(245)
Other adjustments	76
Balance at the end of the period	19,291
Environmental liabilities
Total environmental liabilities	$ 19,291		$ 12,610

Equity Method Investments (Deta

Equity Method Investments (Details) $ in Thousands				3 Months Ended		9 Months Ended
	Dec. 05, 2023 USD ($)	Jun. 01, 2023 item	Mar. 01, 2023 USD ($) director	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Oct. 23, 2023 USD ($)
Equity Method Investment
(Loss) income from equity method investments				$ (147)	$ 1,180	$ (1,872)	$ 2,384
Partnership's investment balance				89,283		89,283		$ 94,354
Payment to acquire investment						13,884	69,482
Number Of Fuel Sites Owned Or Leased | item		64
Everett Landco GP, LLC
Equity Method Investment
Ownership interest									30%
(Loss) income from equity method investments				0		200
Partnership's investment balance				15,800		15,800
Maximum amount of financial assurances liability	$ 75,000
Percentage of amounts paid under the Remediation Guaranty	70%
Amounts paid under the Remediation Guaranty	$ 52,500
Everett Landco GP, LLC | Maximum
Equity Method Investment
Partnership agreed to invest									$ 30,000
Spring Partners Retail LLC
Equity Method Investment
Ownership interest			49.99%
(Loss) income from equity method investments				(100)	$ 1,200	(2,100)	$ 2,400
Partnership's investment balance				$ 73,500		$ 73,500
Payment to acquire investment			$ 69,500
Ownership percentage by co-venturer			50.01%
Number of directors | director			2
Number of directors designated by partnership | director			1

Related-Party Transactions (Det

Related-Party Transactions (Details) - USD ($)		3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 28, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2022	Dec. 31, 2015	Dec. 31, 2023
Related Party Transactions
Operating expenses		$ 137,126,000	$ 115,944,000	$ 387,235,000	$ 334,676,000
Partnership received amount				16,879,000
Information on related party transaction
Receivables from related parties		6,107,000		6,107,000				$ 8,142,000
Selling, general and administrative expenses		70,495,000	63,479,000	212,646,000	192,431,000
Spring Partners Retail LLC
Related Party Transactions
Partnership received amount		800,000	500,000	2,700,000	800,000
Revere Ma Owner LLC
Information on related party transaction
Gross proceeds	$ 150,000,000
Selling, general and administrative expenses | Revere Ma Owner LLC
Information on related party transaction
Selling, general and administrative expenses		1,100,000	2,800,000	6,200,000	9,500,000
Accrued Expenses and Other Current Liabilities | Revere Ma Owner LLC
Information on related party transaction
Accrued interest expenses and other current liabilities		23,800,000		23,800,000				17,600,000
General Partner
Related Party Transactions
Operating expenses		55,100,000	36,400,000	165,400,000	117,900,000
Information on related party transaction
Receivables from related parties		4,328,000		4,328,000				8,031,000
Spring Partners Retail LLC
Information on related party transaction
Receivables from related parties		1,779,000		1,779,000				$ 111,000
Reimbursement of direct expenses		$ 4,200,000	$ 4,300,000	$ 13,000,000	$ 5,100,000
Slifka Family
Related Party Transactions
Ownership interest, as a percent		100%		100%
Annual services fee				$ 20,000
Notice period to terminate the receipt of services under the agreement				90 days
Information on related party transaction
Percentage of net proceeds							50%
Slifka Family | Revere Ma Owner LLC
Information on related party transaction
Gross proceeds						$ 44,300,000
Global GP LLC | Related-Party | Affiliates of Slifka family
Related Party Transactions
Limited partner ownership interest (as a percent)				100%

Partners' Equity and Cash Dis_3

Partners' Equity and Cash Distributions (Details) - USD ($) $ / shares in Units, $ in Millions									3 Months Ended	9 Months Ended
	Oct. 23, 2024	Oct. 15, 2024	Aug. 15, 2024	Aug. 14, 2024	May 15, 2024	Apr. 15, 2024	Feb. 15, 2024	Feb. 14, 2024	Sep. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Partners' Equity, Allocations and Cash Distributions
General partner interest, equivalent units outstanding									230,303	230,303	230,303
Per Unit Cash Distribution (in dollars per unit)				$ 0.7200	$ 0.7100			$ 0.7000
First Target Distribution | Maximum
Partners' Equity, Allocations and Cash Distributions
Total Quarterly Distribution Target Amount (in dollars per unit)										$ 0.4625
Second Target Distribution | Minimum
Partners' Equity, Allocations and Cash Distributions
Total Quarterly Distribution Target Amount (in dollars per unit)										0.4625
Second Target Distribution | Maximum
Partners' Equity, Allocations and Cash Distributions
Total Quarterly Distribution Target Amount (in dollars per unit)										0.5375
Third Target Distribution | Minimum
Partners' Equity, Allocations and Cash Distributions
Total Quarterly Distribution Target Amount (in dollars per unit)										0.5375
Third Target Distribution | Maximum
Partners' Equity, Allocations and Cash Distributions
Total Quarterly Distribution Target Amount (in dollars per unit)										0.6625
Thereafter | Minimum
Partners' Equity, Allocations and Cash Distributions
Total Quarterly Distribution Target Amount (in dollars per unit)										$ 0.6625
Affiliates of general partner | Global Partners LP
Partners' Equity, Allocations and Cash Distributions
Limited partner ownership interest (as a percent)										19.70%
Common Limited Partners
Partners' Equity, Allocations and Cash Distributions
Number of units held									33,727,256	33,727,256	33,882,357
Period of distribution of available cash after end of each quarter										45 days
Common Limited Partners | Affiliates of general partner
Partners' Equity, Allocations and Cash Distributions
Number of units held									6,415,996	6,415,996
Common Limited Partners | Annualized Basis | Subsequent event
Partners' Equity, Allocations and Cash Distributions
Per Unit Cash Distribution (in dollars per unit)	$ 2.92
Series A Preferred Limited Partners
Partners' Equity, Allocations and Cash Distributions
Number of units held						0			0	0	2,760,000
Partnership Units redeemed						2,760,000
Redemption price (in dollars per unit)						$ 25
Initial distribution rate (as a percentage)							10.42%
Per Unit Cash Distribution (in dollars per unit)						$ 0.514275	$ 0.77596
Total redemption amount						$ 70.4
Series B Preferred Limited Partners
Partners' Equity, Allocations and Cash Distributions
Number of units held									3,000,000	3,000,000	3,000,000
Initial distribution rate (as a percentage)									9.50%	9.50%
Sale price (in dollars per unit)									$ 25	$ 25
Per Unit Cash Distribution (in dollars per unit)			$ 0.59375		$ 0.59375		$ 0.59375
Series B Preferred Limited Partners | Annualized Basis
Partners' Equity, Allocations and Cash Distributions
Total Quarterly Distribution Target Amount (in dollars per unit)										$ 2.375
Series B Preferred Limited Partners | Annualized Basis | Subsequent event
Partners' Equity, Allocations and Cash Distributions
Per Unit Cash Distribution (in dollars per unit)		$ 2.375
Common Unitholders | Global Partners LP
Partners' Equity, Allocations and Cash Distributions
Limited partner ownership interest (as a percent)										99.33%
Common Unitholders | Common Limited Partners
Partners' Equity, Allocations and Cash Distributions
Number of units held									33,995,563	33,995,563
Common Unitholders | Common Limited Partners | First Target Distribution
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions										99.33%
Common Unitholders | Common Limited Partners | Second Target Distribution
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions										86.33%
Common Unitholders | Common Limited Partners | Third Target Distribution
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions										76.33%
Common Unitholders | Common Limited Partners | Thereafter
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions										51.33%
Common Unitholders | Common Limited Partners | Affiliates of general partner
Partners' Equity, Allocations and Cash Distributions
Number of units held									6,415,996	6,415,996
General Partner Interest
Partners' Equity, Allocations and Cash Distributions
Number of units held									268,307	268,307
General partner interest, equivalent units outstanding									230,303	230,303
General Partner Interest | First Target Distribution
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions										0.67%
General Partner Interest | Second Target Distribution
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions										13.67%
General Partner Interest | Third Target Distribution
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions										23.67%
General Partner Interest | Thereafter
Partners' Equity, Allocations and Cash Distributions
Marginal Percentage Interest in Distributions										48.67%
General Partner Interest | Global Partners LP
Partners' Equity, Allocations and Cash Distributions
General partner interest (as a percent)										0.67%
General Partner Interest | General Partner For Future L T I P Obligations [Member]
Partners' Equity, Allocations and Cash Distributions
Number of units held									268,307	268,307

Partners' Equity and Cash Dis_4

Partners' Equity and Cash Distributions - Distributions paid and Preferred Units (Details) - USD ($) $ / shares in Units, $ in Thousands									3 Months Ended						9 Months Ended
	Oct. 23, 2024	Oct. 15, 2024	Aug. 15, 2024	Aug. 14, 2024	May 15, 2024	Apr. 15, 2024	Feb. 15, 2024	Feb. 14, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024
Cash Distribution Payment
Per Unit Cash Distribution (in dollars per unit)				$ 0.7200	$ 0.7100			$ 0.7000
Cash distribution, common units				$ 24,477	$ 24,137			$ 23,797
Cash distribution, general partner				189	185			180
Cash distribution, incentive				3,493	3,174			2,857
Distributions, Total				$ 28,159	$ 27,496			$ 26,834	$ 29,940	$ 30,703	$ 30,750	$ 28,641	$ 27,479	$ 58,873
Common Limited Partners | Subsequent event
Cash Distribution Payment
Quarterly cash distributions declared (in dollars per unit)	$ 0.7300
Series A Preferred Limited Partners
Cash Distribution Payment
Per Unit Cash Distribution (in dollars per unit)						$ 0.514275	$ 0.77596
Cash distribution							$ 2,142
Series B Preferred Limited Partners
Cash Distribution Payment
Per Unit Cash Distribution (in dollars per unit)			$ 0.59375		$ 0.59375		$ 0.59375
Distributions, Total			$ 1,781		$ 1,781		$ 1,781
Liquidation preference (in dollars per unit)									$ 25						$ 25
Series B Preferred Limited Partners | Minimum
Cash Distribution Payment
Notice period for redemption															30 days
Series B Preferred Limited Partners | Maximum
Cash Distribution Payment
Notice period for redemption															60 days
Series B Preferred Limited Partners | Subsequent event
Cash Distribution Payment
Quarterly cash distributions declared (in dollars per unit)		$ 0.59375

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands, gal in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) gal	Sep. 30, 2023 USD ($) gal	Sep. 30, 2024 USD ($) gal	Sep. 30, 2023 USD ($) gal
Summarized financial information for the Partnership's reportable segments
Sales	$ 4,422,238	$ 4,221,045	$ 12,977,328	$ 12,083,062
Product margin	318,363	252,126	882,022	762,490
Depreciation allocated to cost of sales	(32,314)	(23,606)	(92,954)	(69,247)
Gross profit	286,049	228,520	789,068	693,243
Wholesale
Summarized financial information for the Partnership's reportable segments
Sales	2,724,210	2,329,896	8,026,246	6,896,029
Product margin	71,142	37,170	212,427	150,025
Wholesale | Gasoline and gasoline blendstocks
Summarized financial information for the Partnership's reportable segments
Sales	1,790,302	1,614,459	4,909,560	4,213,536
Product margin	43,024	20,390	143,197	79,799
Wholesale | Distillates and other oils
Summarized financial information for the Partnership's reportable segments
Sales	933,908	715,437	3,116,686	2,682,493
Product margin	28,118	16,780	69,230	70,226
GDSO
Summarized financial information for the Partnership's reportable segments
Sales	1,420,898	1,617,355	4,114,416	4,428,841
Product margin	237,712	206,530	646,896	589,155
GDSO | Gasoline
Summarized financial information for the Partnership's reportable segments
Sales	1,269,955	1,460,670	3,683,780	3,996,890
Product margin	164,122	132,000	433,065	380,699
GDSO | Station operations
Summarized financial information for the Partnership's reportable segments
Sales	150,943	156,685	430,636	431,951
Product margin	73,590	74,530	213,831	208,456
Commercial
Summarized financial information for the Partnership's reportable segments
Sales	277,130	273,794	836,666	758,192
Product margin	$ 9,509	$ 8,426	$ 22,699	$ 23,310
Intersegment transaction | GDSO
Summarized financial information for the Partnership's reportable segments
Sales volume supplied by Wholesale to GDSO (in gallons) | gal	122	110	342	314

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Reconciliation of the totals reported for the reportable segments to the applicable line items in the consolidated financial statements
Combined gross profit	$ 286,049,000			$ 228,520,000			$ 789,068,000	$ 693,243,000
Operating costs and expenses not allocated to operating segments:
Selling, general and administrative expenses	70,495,000			63,479,000			212,646,000	192,431,000
Operating expenses	137,126,000			115,944,000			387,235,000	334,676,000
Amortization expense	2,288,000			2,017,000			6,146,000	6,119,000
Net gain on sale and disposition of assets	(7,805,000)			(897,000)			(10,609,000)	(2,141,000)
Long-lived asset impairment	492,000			0			492,000	0
Total costs and operating expenses	202,596,000			180,543,000			595,910,000	531,085,000
Operating income	83,453,000			47,977,000			193,158,000	162,158,000
(Loss) income from equity method investments	(147,000)			1,180,000			(1,872,000)	2,384,000
Interest expense	(35,129,000)			(21,089,000)			(100,356,000)	(64,963,000)
Income tax expense	(2,255,000)			(1,260,000)			(4,461,000)	(2,351,000)
Net income	45,922,000	$ 46,149,000	$ (5,602,000)	26,808,000	$ 41,389,000	$ 29,031,000	86,469,000	97,228,000
Operating costs and expenses not allocated to operating segments
Operating costs and expenses not allocated to operating segments:
Selling, general and administrative expenses	70,495,000			63,479,000			212,646,000	192,431,000
Operating expenses	137,126,000			115,944,000			387,235,000	334,676,000
Amortization expense	2,288,000			2,017,000			6,146,000	6,119,000
Net gain on sale and disposition of assets	(7,805,000)			(897,000)			(10,609,000)	(2,141,000)
Long-lived asset impairment	492,000						492,000
Total costs and operating expenses	$ 202,596,000			$ 180,543,000			$ 595,910,000	$ 531,085,000

Segment Reporting - Assets (Det

Segment Reporting - Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Segment assets
Total	$ 3,665,115	$ 3,446,011
Unallocated
Segment assets
Total	604,201	673,103
Wholesale segment | Operating Segments
Segment assets
Total	1,188,573	862,850
GDSO | Operating Segments
Segment assets
Total	$ 1,872,341	$ 1,910,058

Net Income Per Common Limited_3

Net Income Per Common Limited Partner Unit (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Net Income Per Limited Partner Unit
Repurchased units not deemed outstanding	268,307		268,307		113,206
Net Income (Loss)	$ 45,922	$ 26,808	$ 86,469	$ 97,228
Declared distribution	28,821	25,841	84,476	75,035
Assumed allocation of undistributed net income	17,101	967	1,993	22,193
Assumed allocation of net income	$ 45,922	$ 26,808	$ 86,469	$ 97,228
Common Limited Partners
Denominator:
Basic weighted average common units outstanding	33,781,000	33,983,000	33,884,000	33,985,000
Diluted weighted average common units outstanding	34,193,000	34,063,000	34,255,000	34,026,000
Basic net income per common limited partner unit	$ 1.18	$ 0.60	$ 1.92	$ 2.35
Diluted net income per common limited partner unit	$ 1.17	$ 0.60	$ 1.90	$ 2.35
Preferred Limited Partners
Net Income Per Limited Partner Unit
Less: Redemption of Series A preferred limited partner units			$ 2,634
Common Limited Partner
Net Income Per Limited Partner Unit
Net Income (Loss)	$ 41,804	$ 24,248	75,413	$ 90,547
Declared distribution	24,817	23,287	73,431	68,501
Assumed allocation of undistributed net income	16,987	961	1,982	22,046
Less: Redemption of Series A preferred limited partner units			2,634
Assumed allocation of net income	41,804	24,248	75,413	90,547
Common Limited Partner | Common Limited Partners
Net Income Per Limited Partner Unit
Assumed allocation of net income	$ 40,023	$ 20,536	$ 64,985	$ 79,909
Denominator:
Basic weighted average common units outstanding	33,781,000	33,983,000	33,884,000	33,985,000
Dilutive effect of phantom units	412,000	80,000	371,000	41,000
Diluted weighted average common units outstanding	34,193,000	34,063,000	34,255,000	34,026,000
Basic net income per common limited partner unit	$ 1.18	$ 0.60	$ 1.92	$ 2.35
Diluted net income per common limited partner unit	$ 1.17	$ 0.60	$ 1.90	$ 2.35
Common Limited Partner | Preferred Limited Partners
Net Income Per Limited Partner Unit
Assumed allocation of net income	$ 1,781	$ 3,712	$ 7,794	$ 10,638
General Partner Interest
Net Income Per Limited Partner Unit
Net Income (Loss)	4,118	2,560	11,056	6,681
Declared distribution	194	174	568	505
Assumed allocation of undistributed net income	114	6	11	147
Assumed allocation of net income	308	180	579	652
IDRs
Net Income Per Limited Partner Unit
Declared distribution	3,810	2,380	10,477	6,029
Assumed allocation of net income	$ 3,810	$ 2,380	$ 10,477	$ 6,029

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	Oct. 23, 2024	Oct. 15, 2024	Aug. 15, 2024	Aug. 14, 2024	May 15, 2024	Apr. 15, 2024	Feb. 15, 2024	Feb. 14, 2024
Subsequent Event
Per Unit Cash Distribution (in dollars per unit)				$ 0.7200	$ 0.7100			$ 0.7000
Series A Preferred Limited Partners
Subsequent Event
Per Unit Cash Distribution (in dollars per unit)						$ 0.514275	$ 0.77596
Series B Preferred Limited Partners
Subsequent Event
Per Unit Cash Distribution (in dollars per unit)			$ 0.59375		$ 0.59375		$ 0.59375
Subsequent event | Series B Preferred Limited Partners
Subsequent Event
Quarterly cash distributions declared (in dollars per unit)		$ 0.59375
Subsequent event | Series B Preferred Limited Partners | Annualized Basis
Subsequent Event
Per Unit Cash Distribution (in dollars per unit)		$ 2.375
Subsequent event | Common Limited Partners
Subsequent Event
Quarterly cash distributions declared (in dollars per unit)	$ 0.7300
Subsequent event | Common Limited Partners | Annualized Basis
Subsequent Event
Per Unit Cash Distribution (in dollars per unit)	$ 2.92