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Recap: Global Partners Q1 Earnings

Shares of Global Partners (NYSE:GLP) fell 1.3% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share fell 64.29% over the past year to $0.05, which missed the estimate of $0.17.

Benzinga · 05/08/2020 12:23

Shares of Global Partners (NYSE:GLP) fell 1.3% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 64.29% over the past year to $0.05, which missed the estimate of $0.17.

Revenue of $2,595,000,000 less by 12.92% year over year, which missed the estimate of $3,080,000,000.

Guidance

Global Partners hasn't issued any earnings guidance for the time being.

Global Partners hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: May 08, 2020

Webcast URL: https://78449.choruscall.com/dataconf/productusers/glp/mediaframe/37669/indexr.html

Recent Stock Performance

Company's 52-week high was at $21.62

Company's 52-week low was at $6.30

Price action over last quarter: down 8.80%

Company Overview

Global Partners LP is a US-based limited partnership which acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the Wholesale segment.