Global Partners Q1 net loss $5.6M vs $29.0M profit; EBITDA falls 27%

GLOBAL PARTNERS LP

Net loss of $5.6M ($0.37 per unit) vs net income of $29.0M ($0.70 per unit) in Q1 2023.
Adjusted EBITDA $56.0M, down from $76.0M; distributable cash flow $15.8M vs $46.3M.
Gross profit $215.1M vs $222.1M; combined product margin $244.1M vs $244.8M.
Completed integration of Motiva terminals; closed on purchase of four Gulf terminals in April.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GLOBAL PARTNERS LP reported first quarter ended March 31, 2024 results: net income Net loss was $5.6 million, EPS $0.37 per common limited partner unit.

Period: first quarter ended March 31, 2024
Net income: Net loss was $5.6 million
EPS: $0.37 per common limited partner unit
Result: reported results

Exact text from the filing

Net loss was $5.6 million, or $0.37 per common limited partner unit, for the first quarter of 2024 compared with net income of $29.0 million, or $0.70 per diluted common limited partner unit, in the same period of 2023.

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Source: SEC EDGAR

accession 0001104659-24-058437

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