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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”

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 Announces Series A Preferred Unit Distribution

WALTHAM, Mass.–(BUSINESS WIRE)–
Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a quarterly cash distribution of $0.609375 per unit ($2.4375 per unit on an annualized basis) on the Partnership’s Series A preferred units for the period from May 15, 2020 through August 14, 2020.

Full Story » “Global Partners Announces Series A Preferred Unit Distribution”

Global Partners Announces Common Unit Repurchase Program to Meet Obligations Under Its Long-Term Incentive Plan

WALTHAM, Mass.–(BUSINESS WIRE)–
Global Partners LP (NYSE: GLP) (“Global Partners” or the “Partnership”) announced today that the Board of Directors of the general partner (the “General Partner”) authorized the General Partner to repurchase up to 250,000 of the Partnership’s common units from time to time, in one or more open-market transactions, including block trades, or in privately negotiated transactions.

Full Story » “Global Partners Announces Common Unit Repurchase Program to Meet Obligations Under Its Long-Term Incentive Plan”

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