Global Partners (GLP) Posts Q3 GAAP Loss of $3.54/Share

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Go back to Global Partners (GLP) Posts Q3 GAAP Loss of $3.54/Share

Global Partners Reports Third-Quarter 2016 Financial Results

November 7, 2016 8:00 AM EST

WALTHAM, Mass.--(BUSINESS WIRE)-- Global Partners LP (NYSE: GLP) today reported financial results for the third quarter ended September 30, 2016.

In our Gasoline Distribution and Station Operations segment, we generated a solid product margin of $136.8 million in the quarter, a result comparable to the strong margin achieved in the same period last year, said Eric Slifka, President and Chief Executive Officer of Global Partners. Through the end of Q3, this year we have finalized a $63.5 million sale-leaseback transaction and have completed the sale of certain non-strategic gasoline stations and convenience stores for a... More