Global Partners (GLP) Misses Q3 EPS by 71c, Revenue Beats

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Go back to Global Partners (GLP) Misses Q3 EPS by 71c, Revenue Beats

Global Partners Reports Third-Quarter 2018 Financial Results

November 8, 2018 8:00 AM EST

WALTHAM, Mass.--(BUSINESS WIRE)-- Global Partners LP (NYSE: GLP) today reported financial results for the third quarter ended September 30, 2018.

Our Gasoline Distribution and Station Operations (GDSO) segment performed well in the third quarter. GDSO product margin increased $17.9 million from the same period in 2017, driven by the Champlain Oil and Cheshire Oil acquisitions completed in the third quarter this year and the purchase of Honey Farms in the fourth quarter last year, said Eric Slifka, the Partnerships President and Chief Executive Officer. In our Wholesale segment, Q317 significantly benefitted from weather-related... More