Global Partners Q1 net income $29M ($0.70/unit); signs JV with ExxonMobil for 64 Houston sites

GLOBAL PARTNERS LP

Net income $29.0M ($0.70/diluted unit) vs $30.5M ($0.76) in Q1 2022.
Adjusted EBITDA $76.0M vs $74.9M YoY; DCF $46.3M vs $49.9M.
Gross profit $222.1M, combined product margin $244.8M, up from $206.2M and $228.2M respectively.
Signed JV agreement with ExxonMobil to acquire 64 convenience/fueling facilities in Greater Houston.
CEO cites strong GDSO segment offsetting warm weather impact on winter product demand.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GLOBAL PARTNERS LP reported the first quarter ended March 31, 2023 results: net income $29.0 million, EPS $0.70 per diluted common limited partner unit.

Period: the first quarter ended March 31, 2023
Net income: $29.0 million
EPS: $0.70 per diluted common limited partner unit
Result: reported results

Exact text from the filing

Net income was $29.0 million, or $0.70 per diluted common limited partner unit, for the first quarter of 2023, compared with net income of $30.5 million, or $0.76 per diluted common limited partner unit, in the same period of 2022.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

GLOBAL PARTNERS LP filing history →

Source: SEC EDGAR

accession 0001157523-23-000748

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.