Subsidiaries of GLOBAL PARTNERS LP as disclosed in its SEC filing
Entity
Jurisdiction
Note
Alliance Energy LLC
Massachusetts
Basin Transload, LLC
Delaware
Cascade Kelly Holdings LLC
Oregon
Drake Petroleum Company, Inc.
Massachusetts
Global Companies LLC
Delaware
Global Montello Group Corp.
Delaware
Global Operating LLC
Delaware
Global Terminal Holdings LLC
Delaware
GLP Finance Corp.
Delaware
SPR Operator LLC
Delaware
Warex Terminals Corporation
Financial health
Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.
Piotroski F-score
4 / 7
PASSReturn on assets positiveROA 2.5%
PASSOperating cash flow positiveOCF 285M
FAILReturn on assets improving2.9% → 2.5%
PASSCash flow exceeds earningsOCF 285M vs NI 98M
FAILLong-term debt ratio fallingno debt reported
FAILCurrent ratio improving1.21 → 1.14
FAILNo share dilutionno data
FAILGross margin improving6.2% → 5.7%
PASSAsset turnover improving4.53× → 4.82×
Six-year record
Year
Revenue
Net income
Free cash flow
Gross margin
Shares
FY2020
$8.3B
$102.2M
$236.2M
8.7%
—
FY2021
$13.2B
$60.8M
−$51.5M
5.4%
—
FY2022
$18.9B
$362.2M
$373.2M
5.8%
—
FY2023
$16.5B
$152.5M
$423.6M
5.9%
—
FY2024
$17.2B
$110.3M
−$71.7M
6.2%
—
FY2025
Ownership flow
5 institutions tracked — 4 added, 0 reduced.
Institutional holders of GLOBAL PARTNERS LP and their share-count change
Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.
Questions about GLOBAL PARTNERS LP
How many subsidiaries does GLOBAL PARTNERS LP file with the SEC?
11, listed in its most recent exhibit 21. They are incorporated across 4 jurisdictions (Massachusetts, Delaware, Oregon, New York). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is GLOBAL PARTNERS LP financially healthy?
GLOBAL PARTNERS LP scores 4 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of GLOBAL PARTNERS LP?
Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are MORGAN STANLEY (adding), JPMORGAN CHASE & CO (adding), BANK OF AMERICA CORP /DE/ (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.
This page is one panel of the terminal
The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.
Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.
New York
$18.6B
$98.0M
$193.3M
5.7%
—
From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.