Global Partners LP Common Units (NYSE:GLP) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET
Company Participants
Eric Slifka - President & CEO
Gregory Hanson - CFO
Mark Romaine - COO
Sean Geary - CLO & Secretary
Conference Call Participants
Selman Akyol - Stifel
Operator
Good day, everyone, and welcome to the Global Partners Third Quarter 2024 Financial Results Conference Call. Today's call is being recorded. [Operator Instructions].
With us from Global Partners are President and Chief Executive Officer, Mr. Eric Slifka; Chief Financial Officer, Mr. Gregory Hanson; Chief Operating Officer, Mr. Mark Romaine; and Chief Legal Officer and Secretary, Mr. Sean Geary.
At this time, I would like to turn the call over to Mr. Geary for opening remarks. Please go ahead, sir.
Sean Geary
Good morning, everyone. Thank you for joining us.
Today's call will include forward-looking statements within the meaning of federal securities laws, including projections and expectations concerning the future financial and operational performance of Global Partners.
No assurances can be given that these projections will be attained or that these expectations will be met. Our assumptions and future performance are subject to a wide range of business risks, uncertainties and factors, which could cause actual results to differ materially as described in our filings with the Securities and Exchange Commission. Global Partners undertakes no obligation to revise or update any forward-looking statements.
Now, it’s my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka.
Eric Slifka
Good morning, everyone, and thank you for joining us on today's earnings call.
At Global Partners, our commitment to providing essential infrastructure and products that communities depend on is rooted in a long history of service, especially in times of recovery and rebuilding.
Before we review our earnings results, I want to take a moment to commend the exceptional work of our team at our terminal in Tampa during Hurricane Helene and Milton. Their dedication to quickly restoring operations ensures that fuel and critical resources were available to support the community's recovery. This is more than business; it's our role in empowering strength and resilience across the regions we proudly serve.
Turning to our results. We delivered year-over-year gains across each of our key financial metrics, demonstrating our ability to execute on our strategy to acquire, invest in, and optimize assets that drive returns.
In our Gasoline Distribution and Station Operations segment, our retail assets are exceeding expectations. In our Wholesale and Commercial segment, supply market dynamics enabled us to capitalize on favorable conditions in the quarter.