WALTHAM, Mass.--(BUSINESS WIRE)--Jan. 22, 2013--
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 $0.57 per unit ($2.28 per unit on an
annualized basis) on all of its outstanding common units for the period
from October 1 through December 31, 2012. The distribution will be paid
February 14, 2013 to unitholders of record as of the close of business
February 5, 2013.
The distribution to be paid in February 2013 represents a 7% increase
over the quarterly distribution of $0.5325 per unit paid in November
2012 and a 14% increase over the quarterly distribution of $0.50 per
unit paid in February 2012.
About Global Partners LP
Global
Partners LP, a publicly traded master limited partnership based in
Waltham, Massachusetts, owns, controls or has access to one of the
largest terminal networks of refined petroleum products and renewable
fuels in the Northeast. Global Partners is a leader in the logistics of
transporting crude and other products from the mid-continent region of
the U.S. and Canada to the East Coast. The Partnership is one of the
largest wholesale distributors of gasoline (including blendstocks such
as ethanol and naphtha), distillates (such as home heating oil, diesel
and kerosene), residual oil and renewable fuels to wholesalers,
retailers and commercial customers in the New England states and New
York. In addition, the Partnership has a portfolio of approximately
1,000 gas stations in nine Northeastern states. The Partnership also is
a distributor of natural gas. A FORTUNE 500® company, Global Partners
trades on the New York Stock Exchange under the ticker symbol "GLP." For
additional information, please visit www.globalp.com.
Forward-looking Statements
Some of the information contained in this news release may contain
forward-looking statements. Forward-looking statements include, without
limitation, any statement that may project, indicate or imply future
results, events, performance or achievements, and may contain the words
“may,” “believe,” “should,” “could,” “expect,” “anticipate,” “plan,”
“intend,” “estimate,” “continue,” “will likely result,” or other similar
expressions. In addition, any statement made by Global Partners LP’s
management concerning future financial performance (including future
revenues, earnings or growth rates), ongoing business strategies or
prospects and possible actions by Global Partners LP or its subsidiaries
are also forward-looking statements.
Although Global Partners LP believes these forward-looking statements
are reasonable as and when made, there may be events in the future that
Global Partners LP is not able to predict accurately or control, and
there can be no assurance that future developments affecting Global
Partners LP’s business will be those that it anticipates.
For additional information about risks and uncertainties that could
cause actual results to differ materially from the expectations Global
Partners LP describes in its forward-looking statements, please refer to
Global Partners LP’s Annual Report on Form 10-K for the year ended
December 31, 2011 and subsequent filings the Partnership makes with the
Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on the forward-looking
statements, which speak only as of the date on which they are made.
Global Partners LP expressly disclaims any obligation or undertaking to
update forward-looking statements to reflect any change in its
expectations or beliefs or any change in events, conditions or
circumstances on which any forward-looking statement is based.
Source: Global Partners LP
Global Partners LP
Thomas J. Hollister, 781-894-8800
Chief
Operating Officer and
Chief Financial Officer
or
Global
Partners LP
Edward Faneuil, 781-894-8800
Executive Vice
President,
General Counsel and Secretary