earnings
confidence high
sentiment positive
materiality 0.70
Global Partners Q3 net income $45.9M ($1.17/unit) vs $26.8M YoY; EBITDA up 55%
GLOBAL PARTNERS LP
- Net income $45.9M, diluted EPS $1.17; vs $26.8M ($0.60) in Q3 2023.
- EBITDA $119.1M (adj. $114.0M) vs $76.7M ($77.7M) YoY.
- DCF $71.1M (adj. $71.6M) vs $42.2M ($43.3M) YoY.
- Gross profit $286.0M; combined product margin $318.3M vs $228.5M and $252.1M YoY.
- On Nov 1, acquired ExxonMobil terminal in East Providence, RI: 959,730 bbl storage, deep-water dock.