Global Partners (GLP) Reports Q2 EPS of $0.36

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Go back to Global Partners (GLP) Reports Q2 EPS of $0.36

Global Partners Reports Second-Quarter 2019 Financial Results

August 8, 2019 8:00 AM EDT

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

We continued our solid performance in the second quarter, highlighted by a product margin increase of approximately 16% in our Gasoline Distribution and Station Operations (GDSO) segment, said President and Chief Executive Officer Eric Slifka. That increase is primarily attributable to the Champlain Oil and Cheshire Oil acquisitions, which closed in July 2018, and to higher GDSO fuel margins.

Financial Highlights

Net income attributable to the Partnership was $14.5 million, or $0.36 per diluted... More