Global Partners LP (NYSE:GLP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Global Partners LP Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.51 in the quarter versus EPS of $-0.06 in the year-earlier quarter.
Revenue: Rose 40.59% to $5.59 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Global Partners LP reported adjusted EPS income of $0.51 per share. By that measure, the company beat the mean analyst estimate of $0.46. It beat the average revenue estimate of $4.23 billion.
Quoting Management: “Global Partners delivered a solid performance in the first quarter,” said Eric Slifka, the Partnership’s President and Chief Executive Officer. “Each of our business segments posted double-digit percentage gains in net product margin in the quarter. Our performance was attributable primarily to our diverse product mix, our crude logistics activities and our additional station count related to gas stations and convenience stores acquired in March 2012.”
Key Stats (on next page)…