Global Partners Reports Second-Quarter 2020 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
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phx.corporate-ir.net/phoenix.zhtml?c=190320&p=irol-irhome
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Source: Business Wire
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today reported financial results for the quarter ended June 30, 2020.“We delivered strong results in the second quarter, reflecting the extreme contango market structure,” said Eric Slifka, the Partnership’s President and Chief Executive Officer. “Our terminal network enabled us to benefit from a dramatic shift in the forward product pricing curve in Q2, leading to a $73.5 million increase in Wholesale product margin from the same period last year. The Q2 increase sharply contrasts with the nearly $30 million decline in Wholesale segment product margin in the first quarter this year, which reflected less favorable market conditions due in part to the steepening forward curve. In our Gasoline Distribution and Station Operations (GDSO) segment, our second-quarter 2020 results benefited from higher fuel margins that more than offset a year-over-year decline in volume related to COVID-19. Business activity remains below p
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GLP
News
- Global Partners LP (GLP) Stock Moves -0.79%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Global Partners Announces Cash Distribution on Series B Preferred Units [Yahoo! Finance]Yahoo! Finance
- Global Partners Announces Cash Distribution on Series B Preferred UnitsBusiness Wire
- Global Partners (GLP) Acquires Gulf Oil Terminals Worth $212M [Yahoo! Finance]Yahoo! Finance
- Global Partners LP Completes Acquisition of Four Liquid Energy Terminals from Gulf Oil [Yahoo! Finance]Yahoo! Finance
GLP
Earnings
- 2/28/24 - Beat
GLP
Sec Filings
- 4/15/24 - Form 25-NSE
- 4/15/24 - Form 8-K
- 3/27/24 - Form 4
- GLP's page on the SEC website