Global Partners (GLP) Misses Q1 EPS by 8c; Appoints New Board Member
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Global Partners Announces Election of CFO Daphne H. Foster to Board of Directors
May 9, 2016 8:02 AM EDTWALTHAM, Mass.--(BUSINESS WIRE)-- Global Partners LP (NYSE: GLP) today announced that the Board of Directors of its general partner, Global GP LLC, has elected Daphne H. Foster, 58, the Partnerships Chief Financial Officer, to the Board, effective May 6, 2016.
Daphnes election to the Board recognizes the significant contributions she has made to Global over the past nine years, as well as the capital markets insight and financial leadership she brings to this vital governance role,... More
Global Partners Reports First-Quarter 2016 Financial Results
May 9, 2016 8:00 AM EDTWALTHAM, Mass.--(BUSINESS WIRE)-- Global Partners LP (NYSE: GLP) today reported financial results for the first quarter ended March 31, 2016.
The net loss attributable to Global for the first quarter of 2016 was $7.0 million, or $0.21 per limited partner unit, compared with net income attributable to the Partnership of $30.4 million, or $0.92 per diluted limited partner unit, for the first quarter of 2015.
Combined product margin for the first quarter of 2016 was $154.5 million, compared with $190.1 million for the first quarter of 2015.
Earnings before interest, taxes, depreciation and amortization (EBITDA) were $42.6 million for the first quarter... More
