Global Partners Earnings: Everything You Must Know Now

Global Partners LP (NYSE:GLP) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Global Partners LP Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 56.06% to $0.29 in the quarter versus EPS of $0.66 in the year-earlier quarter.

Revenue: Rose 21.85% to $4.77 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Global Partners LP reported adjusted EPS income of $0.29 per share. By that measure, the company missed the mean analyst estimate of $0.76. It missed the average revenue estimate of $5.43 billion.

Quoting Management: “Our second-quarter 2013 results were not as strong as the same period in 2012, primarily because of lower retail gasoline margins and a less favorable distillates market,” said Eric Slifka, the Partnership’s President and Chief Executive Officer. “In addition, weather conditions in the Bakken region delayed planned tank and pipeline expansion at and to our crude transload facilities in North Dakota.”

Key Stats (on next page)…

Revenue decreased 14.62% from $5.59 billion in the previous quarter. EPS decreased 43.14% from $0.51 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.81 to a profit $0.78. For the current year, the average estimate has moved down from a profit of $3.09 to a profit of $2.86 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)