Global Partners (GLP) Tops Q3 EPS by 18c, Revenues Miss

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Go back to Global Partners (GLP) Tops Q3 EPS by 18c, Revenues Miss

Global Partners Reports Third-Quarter 2019 Financial Results

November 7, 2019 8:00 AM EST

 

WALTHAM, Mass.--(BUSINESS WIRE)-- Global Partners LP (NYSE: GLP) today reported financial results for the third quarter ended September 30, 2019.

We delivered strong third-quarter results highlighted by product margin increases, said President and Chief Executive Officer Eric Slifka. In our Gasoline Distribution and Station Operations segment (GDSO), we benefited from higher retail fuel margins and a full quarter of results from our Champlain and Cheshire Oil portfolio of retail stations and convenience stores, which we acquired in July of last year. In our Wholesale segment, product lines primarily benefited from favorable market... More