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GLP PR A - Global Partners LP News Story

$24.66 0.1  0.4%

Small Cap
Market Cap £339.7m
Enterprise Value £1.31bn
Revenue £8.36bn
Position in Universe th / 6400

BRIEF-Global Partners says reduction in quarterly distribution for Q4

Thu 28th January, 2016 1:03pm
Jan 28 (Reuters) - Global Partners LP  GLP.N : 
 * Announces reduction in quarterly distribution for the fourth quarter of 2015 
 * Board of directors of its general partner, Global gp llc, has declared a 
   quarterly cash distribution of $0.4625 per unit 
 * Distribution primarily reflects weakness in crude oil market represents a 
   decrease of 33.7% from distribution paid in November 2015 
 * Partnership has reduced its workforce by approximately 70 people, which 
   equates to approximately 8% of the partnership's headcount 
 * Says "continue to be negatively impacted by fixed costs associated with our 
   crude oil business, including railcar leases" 
 * Source text for Eikon  ID:nBw7WFZXja  
 * Further company coverage  GLP.N  
 ((Bengaluru Newsroom; +1 646 223 8780))
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