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Stock impact report

Global Partners Reports Second-Quarter 2019 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 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 HighlightsNet income attributable to the Partnership was $14.5 million, or $0.36 per diluted common limited partner unit, for the second quarter of 2019 compared with net income attributable to the Partnership of $6.4 million, or $0.19 per diluted common limited partner unit, for the same period of 2018.Earnings before interest, taxes, depreciation and amortization (EBITDA) for the second quarter of 2019 was $64.0 million compared with $53.1 Show less Read more
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