Global partners lp private company information – bloomberg electricity symbols and meanings

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Global Partners LP, a midstream logistics and marketing company, distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial customers in the New England states and New York. It operates in three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial. The Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, residual oil, and propane to home heating oil and propane retailers, and wholesale distributors. It also aggregates crude oil through truck or pipeline in the mid-continent region of the United States and Canada for distribution to refiners and othe…

Global Partners LP, a midstream logistics and marketing company, distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial customers in the New England states and New York. It operates in three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial. The Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, residual oil, and propane to home heating oil and propane retailers, and wholesale distributors. It also aggregates crude oil through truck or pipeline in the mid-continent region of the United States and Canada for distribution to refiners and other customers. The Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates gasoline stations and convenience stores; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. As of December 31, 2017, this segment had a portfolio of 1,455 owned, leased, and/or supplied gasoline stations, which included 264 convenience stores in the Northeast, Maryland, and Virginia. The Commercial segment delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, bunker fuel, and natural gas to end user customers in the public sector, as well as to commercial and industrial end users; and sells custom blended fuels. The company also owns, leases, or maintains storage facilities at 24 bulk terminals with a collective storage capacity of 10.1 million barrels. Global GP LLC serves as the general partner of the company. Global Partners LP was founded in 2005 and is based in Waltham, Massachusetts.

Global Partners LP reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company’s sales were $2,802,891,000 compared to $2,270,784,000 a year ago. Operating income was $79,207,000 compared to $45,628,000 a year ago. Income before income tax benefit was $57,762,000 compared to $22,341,000 a year ago. Net income was $58,675,000 compared to $22,505,000 a year ago. Net income attributable to the company was $59,042,000 compared to $22,946,000 a year ago. Diluted net income per limited partner unit was $1.73 compared to $0.68 a year ago. EBITDA was $105,693,000 compared to $71,920,000 a year ago. Adjusted EBITDA was $107,560,000 compared to $60,058,000 a year ago. Net cash used in operating activities was $103,714,000 compared to net cash provided by operating activities of $121,893,000 a year ago. Maintenance capital expenditures, excluding the impact of non controlling interest was $6,082,000 compared to $5,347,000 a year ago.

For full-year 2018, the company continues to expect to generate EBITDA of $180 million to $210 million, which guidance excludes any gain or loss on the sale and disposition of assets, and any goodwill and long-lived asset impairment charges. EBITDA guidance for 2018 also excludes the recognition in the first quarter of 2018 of a one-time gain of approximately $52.6 million as a result of the extinguishment of a contingent liability related to the Volumetric Ethanol Excise Tax Credit, which tax credit program expired in 2011. Based upon the significant passage of time from that 2011 date, including underlying statutes of limitation, as of January 31, 2018 the Partnership determined that the liability was no longer required. This recognition of one-time income did not impact cash flows from operations for the three months ended March 31, 2018 and will not impact cash flows from operations for the year ending December 31, 2018.