Mitsubishi UFJ Downgrades Global Partners, L.P. (GLP) to Underweight

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Global Partners (GLP) Posts Q3 GAAP Loss of $3.54/Share

November 7, 2016 8:40 AM EST

Global Partners (NYSE: GLP) reported Q3 EPS of ($3.54), $3.55 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $2 billion versus the consensus estimate of $2.46 billion.

The net loss attributable to the Partnership for the third-quarter of 2016 was $119.6 million, or $3.54 per limited partner unit, compared with third-quarter 2015 net income of $8.2 million, or $0.16 per... More