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Global Partners LP (GLP) CEO Eric Slifka on Q4 2019 Results - Earnings Call Transcript

Mar. 06, 2020 1:40 PM ETGlobal Partners LP (GLP), GLP.PR.A
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Global Partners LP (NYSE:GLP) Q4 2019 Results Conference Call March 6, 2020 10:00 AM ET

Company Participants

Eric Slifka - President and CEO

Daphne Foster - CFO

Edward Faneuil - EVP and General Counsel

Conference Call Participants

David Schechter - Perspective Capital Management


Good day, everyone, and welcome to Global Partners Fourth Quarter 2019 Financial Results Conference Call. Today’s call is being recorded. There will be an opportunity for question 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.

I will now turn the call over to Mr. Faneuil. Please go ahead, sir.

Edward Faneuil

Thank you. Good morning, everyone. 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, including gasoline and gasoline blend stocks 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 no assurance that actual performance will fall within guidance ranges. In addition, such performance is subject to risk

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