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Global Partners LP's (GLP) CEO Eric Slifka on Q4 2017 Results - Earnings Call Transcript

Mar. 08, 2018 3:46 PM ETGlobal Partners LP (GLP)
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Global Partners LP (NYSE:GLP) Q4 2017 Results Earnings Conference Call March 8, 2018 10:00 AM ET


Edward Faneuil - EVP and General Counsel

Eric Slifka - President and CEO

Daphne Foster - CFO

Mark Romaine - COO


Andrew Burd - JPMorgan

Barrett Blaschke - MUFJ Securities

Matt Niblack - HITE

Ben Brownlow - Raymond James


Good day, everyone, and welcome to the Global Partners' Fourth Quarter 2017 Financial Results Conference Call. Today's call is being recorded. There will be opportunity for questions at the end of the call. [Operator Instructions]

With us from Global Partners are President and Chief Executive Officer, Mr. Eric Slifka; Chief Financial Officer, Ms. Daphne Foster; Chief Operating Officer, Mr. Mark Romaine; and Executive Vice President and General Counsel, Mr. Edward Faneuil.

At this time, I would like to turn the call over to Mr. Faneuil for opening remarks. Please go ahead, sir.

Edward Faneuil

Good morning, everyone, and thank you for joining us today. Before we begin, let me remind everyone that this morning, we will be making forward-looking statements within the meaning of Federal Securities Laws. These statements may include, but are not limited to, projections, beliefs, goals and estimates concerning the future financial and operational performance of Global Partners.

Estimates for Global Partners EBITDA guidance and future performance are based on assumptions regarding market conditions, such as the crude oil market business cycles, demand for petroleum products and renewable fuels, utilizations of assets and facilities, weather, credit markets, the regulatory and permitting environment and the forward product pricing curve, which could influence quarterly financial results. We believe these assumptions are reasonable given currently available information and our assessment of historical trends.

Because our assumptions and future performance are subject to a wide range of business risks and uncertainties, we can provide

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