Global Partners (NYSE: GLP) reported Q3 EPS of $0.44, $0.20 better than the analyst estimate of $0.24. Revenue for the quarter came in at $2.16 billion versus the consensus estimate of $2.29 billion.

Business Outlook

“We are pleased with our financial and operating performance through the first nine months of 2017,” Slifka said. “We look forward to continuing to invest in our business and optimizing our retail and terminal assets.”

With respect to forecasting 2017 net income and net cash from operating activities, the most comparable financial measures to EBITDA calculated in accordance with GAAP, the Partnership is unable to project either metric without unreasonable effort and for the following reasons: 1) The Partnership is unable to project net income because this metric includes the impact of certain non-cash items, most notably those resulting from the divestiture program of non-strategic sites, which the Partnership is unable to project with any reasonable degree of accuracy; and 2) The Partnership is unable to project net cash from operating activities because this metric includes the impact of changes in commodity prices, including their impact on inventory volume and value, receivables, payables and derivatives, which the Partnership is unable to project with any reasonable degree of accuracy. Please see the \"Use of Non-GAAP Financial Measures\" section of this news release.

For full-year 2017, Global expects to achieve EBITDA above the midpoint of its guidance of $190.0 million to $220.0 million, which guidance excludes the gain or loss on the sale and disposition of assets and any impairment charges. The Partnership’s guidance and future performance are based on assumptions regarding market conditions such as the crude oil market, business cycles, demand for petroleum products and renewable fuels, utilization of assets and facilities, weather, credit markets, the regulatory and permitting environment and the forward product pricing curve, which could influence quarterly financial results. The Partnership believes these assumptions are reasonable given currently available information and its assessment of historical trends. Because Global’s assumptions and future performance are subject to a wide range of business risks and uncertainties, the Partnership can provide no assurance that actual performance will fall within guidance ranges.

For earnings history and earnings-related data on Global Partners (GLP) click here.