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8-K - GLOBAL PARTNERS LP 8-K - GLOBAL PARTNERS LP | a51327822.htm |
Exhibit 99.1
Global Partners Declares Quarterly Cash Distribution of $0.4625 for the First Quarter of 2016
WALTHAM, Mass.--(BUSINESS WIRE)--April 26, 2016--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a quarterly cash distribution of $0.4625 per unit ($1.85 per unit on an annualized basis) on all of its outstanding common units for the period from January 1 to March 31, 2016. The distribution will be paid May 16, 2016 to unitholders of record as of the close of business on May 6, 2016.
About Global Partners LP
A publicly traded master
limited partnership, Global is a midstream logistics and marketing
company that owns, controls or has access to one of the largest terminal
networks of petroleum products and renewable fuels in the Northeast.
Global also is one of the largest distributors of gasoline, distillates,
residual oil and renewable fuels to wholesalers, retailers and
commercial customers in New England and New York. The Partnership is
engaged in the transportation of crude oil and other products by rail
from the mid-continental U.S. and Canada to the East and West Coasts for
distribution to refiners and others. With approximately 1,600 locations,
primarily in the Northeast, Global also is one of the largest
independent owners, suppliers and operators of gasoline stations and
convenience stores. Global is No. 180 in the Fortune 500 list of
America’s largest corporations. For additional information, visit www.globalp.com.
Forward-looking Statements
Certain statements and information
in this press release may constitute “forward-looking statements.” The
words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,”
“should,” “would,” “could” or other similar expressions are intended to
identify forward-looking statements, which are generally not historical
in nature. These forward-looking statements are based on our current
expectations and beliefs concerning future developments and their
potential effect on us. While management believes that these
forward-looking statements are reasonable as and when made, there can be
no assurance that future developments affecting us will be those that we
anticipate. All comments concerning our expectations for future revenues
and operating results are based on our forecasts for our existing
operations and do not include the potential impact of any future
acquisitions. Our forward-looking statements involve significant risks
and uncertainties (some of which are beyond our control) and assumptions
that could cause actual results to differ materially from our historical
experience and our present expectations or projections.
For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
CONTACT:
Global Partners LP
Daphne H. Foster, 781-894-8800
Chief
Financial Officer
or
Edward J. Faneuil, 781-894-8800
Executive
Vice President,
General Counsel and Secretary