secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL PARTNERS LP (GLP)
CIK:        0001323468
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001157523-23-001699
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Partners Q3 net income $26.8M ($0.60/unit), down 76%; acquires 25 terminals from Motiva for $305.8M
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- Net income of $26.8M ($0.60 diluted EPS) vs $111.4M ($3.12) in Q3 2022; adjusted EBITDA $77.7M vs $168.5M.
- Gross profit $228.5M vs $328.4M; distributable cash flow $42.2M vs $128.0M.
- Signed agreement to acquire 25 liquid energy terminals (8.4M bbl capacity) from Motiva for $305.8M cash.
- Acquisition includes 25-year take-or-pay throughput agreement; expected close by year-end pending regulatory approvals.
- CEO Eric Slifka says Q3 results in line with expectations in a more normalized market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1323468/000115752323001699/0001157523-23-001699-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1323468/000115752323001699/a53796668.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001699

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