Global Partners (GLP) Tops Q4 EPS by 2c, Revenues Beat
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Global Partners Reports Fourth-Quarter and Full-Year 2019 Financial Results
March 6, 2020 8:00 AM ESTWALTHAM, Mass.--(BUSINESS WIRE)-- Global Partners LP (NYSE: GLP) today reported financial results for the fourth quarter and full year ended December 31, 2019.
We delivered strong results in 2019, exceeding our full-year EBITDA guidance, said Eric Slifka, the Partnerships President and Chief Executive Officer. Product margin in our Gasoline Distribution and Station Operations (GDSO) segment increased more than $23 million for the year, attributable primarily to the acquisitions of Champlain Oil and Cheshire Oil.
In the fourth-quarter of 2019 our GDSO segment continued to perform well, recognizing that we did not see the exceptionally strong... More
