Global Partners (GLP) Reports Q3 EPS of $0.47

Global Partners (NYSE: GLP) reported Q3 EPS of $0.47, versus $0.38 reported last year. Revenue for the quarter came in at $2.06 billion, versus $3.25 billion reported last year.

Business Outlook:
“Our 2020 performance remains largely dependent on the extent and duration of COVID-19,” Slifka said. “While we continue to see our integrated business model and diversified product portfolio as long-term strategic assets for the Partnership, ongoing uncertainty about the economic effects of COVID-19 continues to limit near-term visibility.”

Any COVID-19 related events or conditions, or other unforeseen consequences of COVID-19 could significantly adversely affect our business and financial condition and the business and financial condition of our customers, suppliers and counterparties. The ultimate extent of the impact of COVID-19 on our business, financial condition and results of operations depends in large part on future developments which are uncertain and cannot be predicted at this time. That uncertainty includes the duration (including its potential return) of the COVID-19 pandemic, the geographic regions so impacted, the extent of said impact within specific boundaries of those areas and, lastly, the impact to the local, state and national economies.

For earnings history and earnings-related data on Global Partners (GLP) click here.

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