Global Partners (GLP) Tops Q1 EPS by 8c, Revenues Beat

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Go back to Global Partners (GLP) Tops Q1 EPS by 8c, Revenues Beat

Global Partners Reports First-Quarter 2019 Financial Results

May 9, 2019 8:00 AM EDT

WALTHAM, Mass.--(BUSINESS WIRE)-- Global Partners LP (NYSE: GLP) today reported financial results for the first quarter ended March 31, 2019.

Our first-quarter results reflect solid performance, said Eric Slifka, the Partnerships President and Chief Executive Officer. Product margin in our Gasoline Distribution and Station Operations (GDSO) segment increased 22% from the same period in 2018 driven by strong fuel margins early in the quarter and contributions from the acquisitions of Champlain Oil and Cheshire Oil.

Financial Highlights

Net income attributable to the Partnership was $7.1 million, or $0.15 per diluted common limited partner unit,... More