Global Partners (GLP) Misses Q2 EPS by 4c

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Go back to Global Partners (GLP) Misses Q2 EPS by 4c

Global Partners Reports Second-Quarter 2016 Financial Results

August 8, 2016 8:02 AM EDT

WALTHAM, Mass.--(BUSINESS WIRE)-- Global Partners LP (NYSE: GLP) today reported financial results for the second quarter ended June 30, 2016.

The net loss attributable to Global for the second quarter of 2016 was $7.3 million, or $0.22 per limited partner unit, compared with net income attributable to the Partnership of $7.2 million, or $0.15 per diluted limited partner unit, for the second quarter of 2015.

Combined product margin for the second quarter of 2016 was $154.5 million, compared with $166.2 million for the second quarter of 2015.

Earnings before interest, taxes, depreciation and amortization (EBITDA) were $41.3 million for the second quarter... More