Global Partners (GLP) Tops Q4 EPS by 21c

Global Partners (NYSE: GLP) reported Q4 EPS of $0.44, $0.21 better than the analyst estimate of $0.23. Revenue for the quarter came in at $4.09 billion versus the consensus estimate of $3.99 billion.

Business Outlook:

“As demonstrated by recent transactions, we continue to deliver on our strategy to drive growth through optimization and expansion of our assets,” Slifka said. “Upon completion, the Revere transaction will provide us with significant proceeds and ongoing cash flow as we continue operations at the terminal. The retail acquisitions enable us to leverage our scale, supply relationships and integrated business model to enhance returns. As a critical infrastructure business, we provide vital energy products and essential goods and services across a significant portion of the U.S. The demand for those products and services remains robust, and we believe that we are well positioned for the year ahead.”

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

You May Also Be Interested In

• inTEST Corp (INTT) reported Q2 Revenue ; Offers Guidance
• Regal-Beloit (RBC) Tops Q1 EPS by 47c; offers guidance
• Oceanfirst Financial (OCFC) Reports In-Line Q2 EPS