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Global Partners Reports Second-Quarter 2020 Financial Results

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.

Full Story » “Global Partners Reports Second-Quarter 2020 Financial Results”

Global Partners Declares Increased Cash Distribution on Common Units for the Second Quarter of 2020

WALTHAM, Mass.–(BUSINESS WIRE)–
Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has increased its quarterly cash distribution by 6.5 cents to $0.45875 per unit ($1.835 per unit on an annualized basis) on all of its outstanding common units for the period from April 1 to June 30, 2020.

Full Story » “Global Partners Declares Increased Cash Distribution on Common Units for the Second Quarter of 2020”

During COVID-19, Global Supports its Employees, Communities and all Front-Line Workers

Community and family are at the heart of Global. During the pandemic, Global and its employees have stepped up to support each other and our communities.

Weekly Free Lunches for Healthcare Workers and First Responders

From April 24 to June 5, employees at Global Partners convenience stores throughout New England delivered thousands of free meals to local healthcare workers and first responders to thank them for their service during the pandemic. Full Story » “During COVID-19, Global Supports its Employees, Communities and all Front-Line Workers”

Global Partners LP to Host Second-Quarter 2020 Financial Results Conference Call on August 6

WALTHAM, Mass.–(BUSINESS WIRE)–
Global Partners LP (NYSE: GLP) today announced that it will release its second-quarter 2020 financial results before the market opens on Thursday, August 6, 2020, and host a conference call that morning for investors and analysts.

Time:

10:00 a.m. ET

Dial-in numbers:

(877) 709-8155 (U.S. and Canada)

 

(201) 689-8881 (International)

The call also will be webcast live and archived on the Investor Relations section of the Global Partners website, https://ir.globalp.com

Full Story » “Global Partners LP to Host Second-Quarter 2020 Financial Results Conference Call on August 6”

Global Partners Gets the Go-Ahead for Renewable Diesel in Oregon

With support from state regulators and the local community, Global Partners is moving forward with plans to begin transloading renewable diesel at its terminal on the Columbia River in Clatskanie, Oregon.

In early July, the Oregon Department of Environmental Quality gave the go-ahead for Global Partners to add renewable diesel to its transloading permit for the terminal.  Full Story » “Global Partners Gets the Go-Ahead for Renewable Diesel in Oregon”