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Global Partners' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Global Partners LP (GLP)

Q2 2012 Earnings Call

August 8, 2012 10:00 am ET


Edward J. Faneuil – Executive Vice President, General Counsel and Secretary

Eric Slifka – President and Chief Executive Officer

Thomas J. Hollister – Chief Operating Officer and Chief Financial Officer


Paul Jacob – Raymond James & Associates Inc.

Jerren Holder – Barclays Capital, Inc.

Andrew Stephen Gundlach – First Eagle Global Management LLC

James Jampel – HITE Hedge Asset Management LLC

Elvira Scotto – RBC Capital Markets



Good day, everyone. And welcome to the Global Partners Second Quarter 2012 Financial Results Conference Call. Today's call is being recorded. There will be an opportunity for questions at the end of the call.

With us from Global Partners are President and Chief Executive Officer, Mr. Eric Slifka; Chief Operating Officer and Chief Financial Officer, Mr. Tom Hollister; Executive Vice President, Chief Accounting Officer and Co-Director of Mergers and Acquisitions, Mr. Charles Rudinsky; and Executive Vice President and General Counsel, Mr. Edward Faneuil.

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

Edward J. Faneuil

Good morning, everyone. Thank you for joining us. Let me remind everyone that during today’s call, we will make 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 future EBITDA are based on a number of assumptions regarding market conditions, including demand for petroleum products and renewable fuels, weather, the level of market competition and the forward product pricing curve. Therefore Global Partners can give no assurance that our future EBITDA will be as estimated. The actual performance for Global Partners may differ materially from those expressed or implied by any such forward-looking statements.

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