Shares of Global Partners LP (GLP) surged 5.22% during intraday trading on Friday, despite the company reporting mixed third-quarter 2025 earnings results. The stock's significant rise appears to be driven by investor optimism over the company's commitment to maintaining its dividend payout in the face of challenging market conditions.

Global Partners reported Q3 sales of $4.69 billion and net income of $24.23 million, both showing changes from the previous year. While the company faced year-over-year declines in net income and earnings per share, it maintained its dividend, signaling management's confidence in the company's financial stability. The Wholesale segment demonstrated solid performance, offsetting some of the ongoing challenges in gasoline distribution and station operations.

Analysts suggest that investors are focusing on Global Partners' ability to generate strong cash flows from its core fuel distribution and terminal assets, despite increasing headwinds from the energy transition and market volatility in transportation fuels. The company's decision to maintain its dividend payout is particularly appealing to income-focused investors, who view it as a sign of the company's resilience in the face of operational and distribution challenges. However, long-term concerns remain about potential declines in fossil fuel consumption and asset utilization, which could impact the company's future performance.