Global Partners LP Common Units (GLP) Q4 2024 Earnings Call Transcript


Global Partners LP Common Units (NYSE:GLP) Q4 2024 Earnings Conference Call February 28, 2025 10:00 AM ET

Company Participants

Sean Geary – CLO & Secretary
Eric Slifka – President & CEO
Gregory Hanson – CFO
Mark Romaine – COO

Conference Call Participants

Selman Akyol – Stifel

Operator

Good day, everyone, and welcome to the Global Partners Fourth Quarter and Full Year 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 is my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. Thank you, Sean.

Eric Slifka

Good morning, everyone, and thank you for joining us on today’s earnings call. 2024 was a transformative year of the growth for Global Partners. We integrated 30 new terminals across the Atlantic coast, the southeast, Texas, and the northeast, more than doubling our storage capacity to approximately 22 million barrels. Our expansion included



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