Global Partners Reports Fourth-Quarter and Full-Year 2014 Financial Results
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Global Partners (GLP) Reports Q4 EPS of $0.93, Offers Outlook
March 12, 2015 8:50 AM EDTGlobal Partners (NYSE: GLP) reported Q4 EPS of $0.93, versus $1.20 reported last year. Revenue for the quarter came in at $3.5 billion, versus $4.8 billion reported last year.
Business Outlook
Our fundamental bias remains that supply and demand patterns favor the movement of mid-continent light crude to the East and West Coasts, Slifka said. Although current market conditions are drawing a portion of those light crude barrels to empty storage at the Cushing, Oklahoma oil hub, that demand is temporary. Once storage in Cushing is full, we expect... More
