Earnings release
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GLOBAL NEWS RELEASE Global Partners Reports Third - Quarter 2021 Financial Results 11/5/2021 WALTHAM , Mass .-- ( BUSINESS WIRE ) -- Global Partners LP ( NYSE : GLP ) today reported financial results for the third quarter ended September 30 , 2021 . " Margin growth in all three segments highlighted a solid third quarter that demonstrated the resilience of our integrated business model , from our terminal network to our retail portfolio , " said Eric Slifka , the Partnership's President and CEO . " With COVID - 19 restrictions eased , we continued to see improved demand across our portfolio . " GDSO ( Gasoline Distribution and Station Operations ) margins and volume posted double - digit percentage growth in the quarter , despite a significant increase in wholesale fuel prices year - over - year , " Slifka continued . " In addition , we benefited from favorable market conditions in gasoline and distillates in our Wholesale segment and increased volume and improved margins in our Commercial segment . " Our Q3 performance underscores our role as a critical infrastructure company . Every day , we provide the essential products and services people need to fuel their vehicles , heat their homes , run their businesses , and add convenience to their lives , ” Slifka said . “ Like other businesses , we encountered spot supply chain disruptions and labor shortages . We were able to mitigate these issues where possible , minimizing impacts , and our third - quarter results were strong . " Financial Highlights Net income attributable to the Partnership was $ 33.6 million , or $ 0.86 per diluted common limited partner unit , for the third quarter of 2021 compared with $ 18.2 million , or $ 0.47 per diluted common limited partner unit , for the 1