secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL PARTNERS LP (GLP)
CIK:        0001323468
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001104659-24-058437
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1323468/000110465924058437/0001104659-24-058437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1323468/000110465924058437/tm2413766d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-058437

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer