Global Partners Earnings: Everything You Must Know Now

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.

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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)…

Revenue increased 9.22% from $5.12 billion in the previous quarter. EPS decreased 37.04% from $0.81 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.77 to a profit $0.81. For the current year, the average estimate has moved up from a profit of $2.89 to a profit of $3.09 over the last ninety days.

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