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Global Partners LP (GLP) CEO Eric Slifka on Q1 2020 Results - Earnings Call Transcript

May 08, 2020 2:18 PM ETGlobal Partners LP (GLP), GLP.PA2 Comments
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Global Partners LP (NYSE:GLP) Q1 2020 Earnings Conference Call May 8, 2020 10:00 AM ET

Company Participants

Edward Faneuil - EVP, General Counsel & Secretary

Eric Slifka - President, CEO & Vice Chairman

Daphne Foster - CFO & Director

Conference Call Participants


Good day, everyone, and welcome to the Global Partners First Quarter 2020 Financial Results Conference Call. Today's call is being recorded. There will be an opportunity for questions at the end of the program. 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 Chief and Executive Vice President and General Counsel, Mr. Edward Faneuil. At this time, I'd like to turn the call over to Mr. Faneuil.

Thank you. You may begin.

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, estimates concerning the future financial and operational performance of Global Partners. Forward-looking statements are based on assumptions regarding market conditions such as the crude oil market, business cycles, demand for petroleum products, including gasoline and gasoline blendstocks and renewable fuels, utilization of assets and facilities, weather, credit markets, the regulatory and permitting environment and the forward product pricing curve, which could influence quarterly financial results.

These statements involve significant risks and uncertainties, some of which are beyond the partnership's control, including without limitation, the impact and duration of the COVID-19 pandemic, uncertainty around the timing of an economic recovery in the United States, which will impact the demand for the products we sell and the services we provide. Uncertainty around the impact of the COVID-19

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