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Stock impact report

Global Partners Reports First-Quarter 2021 Financial Results

Global Partners LP Global Partners LP Common Units representing Limited Partner Interests (GLP) 
Last global partners lp global partners lp common units representing limited partner interests earnings: 3/6 08:00 am Check Earnings Report
Company Research Source: Business Wire
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP), today reported financial results for the first quarter ended March 31, 2021.“With more than one-third of the U.S. now fully vaccinated against COVID-19, and a growing number of businesses reopening, the business landscape is improving and industrywide fuel demand is increasing,” said Eric Slifka, Global’s President and Chief Executive Officer. “In the first quarter of 2021 our fuel volumes, though still off from the same period in 2020, showed signs of rebounding from COVID lows, while retail fuel margins remained relatively strong despite a significant first-quarter spike in Wholesale gasoline prices, which were up more than 70 cents through mid-March.“In our Wholesale segment, product margin in the first quarter of 2021 was $25 million better than the same period a year earlier,” Slifka said. “The improvement was driven by more favorable market conditions, primarily in gasoline and other oils and related products, Show less Read more
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