GLP - Global Partners GAAP EPS of $1.54 beats by $0.14 revenue of $4.4B misses by $110M
- Global Partners press release ( NYSE: GLP ): Q4 GAAP EPS of $1.54 beats by $0.14 .
- Revenue of $4.4B (+7.6% Y/Y) misses by $110M .
- Adjusted EBITDA was $106.9 million in the fourth quarter of 2022 versus $66.0 million in the same period of 2021.
- Distributable cash flow was $57.3 million in the fourth quarter of 2022 compared with $30.5 million in the same period of 2021.
- Total volume was 1.4 billion gallons in the fourth quarter of 2022 compared with 1.5 billion gallons in the same period of 2021.
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Business Outlook: “Our vertically integrated assets, adaptable operating model and strong balance sheet position us well for 2023. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions and operational efficiency.”
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Global Partners GAAP EPS of $1.54 beats by $0.14, revenue of $4.4B misses by $110M