Global Partners (GLP) Reports Q4 Los of $1.94/Share

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Go back to Global Partners (GLP) Reports Q4 Los of $1.94/Share

Global Partners Reports Fourth-Quarter and Full-Year 2016 Financial Results

March 9, 2017 8:00 AM EST

Results Impacted by $80.7 Million in Lease Exit and Termination Expenses

WALTHAM, Mass.--(BUSINESS WIRE)-- Global Partners LP (NYSE: GLP) today reported financial results for the fourth quarter and full year ended December 31, 2016.

Eric Slifka, President and Chief Executive Officer of Global Partners, said, During 2016, we successfully positioned Global for continued growth and profitability by executing on the strategic actions we outlined a year ago. Our plan included cutting expenses and implementing an asset sale program across our portfolio concentrated on non-strategic assets. As part of that plan,... More