Business Context and Reporting Period
Company: Global Partners LP
Filing Type: Form 8-K (Current Report)
Date of Report: September 5, 2006
Event: Completion of an acquisition of a refined petroleum products terminal.
Key Financial Metrics
This filing reports a specific transaction rather than periodic financial performance. The following metrics are disclosed:
- Acquisition Cost: Approximately $3.9 million.
- Asset Capacity: Approximately 170,000 barrels of refined products.
- Revenue/Profit/Cash Flow: The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
The material change reported is the expansion of the company's asset base through the acquisition of a terminal in Macungie, Pennsylvania, from Pipeline Petroleum, Inc. and an affiliate. This terminal serves as a distribution point for gasoline, diesel fuel, home heating oil, and specialty fuel additives.
Guidance, Outlook, and Risks
Management Commentary: The filing incorporates a press release (Exhibit 99.1) detailing the acquisition but does not contain forward-looking guidance, outlook statements, or specific risk factors within the text of the 8-K itself.
Legal Disclaimer: The information furnished pursuant to Item 8.01 and Exhibit 99.1 is not deemed "filed" under Section 18 of the Securities Exchange Act of 1934 unless specifically incorporated by reference.
Investor Verification Checklist
- Verify the final closing price and any additional costs associated with the $3.9 million acquisition.
- Confirm the operational status and integration timeline of the Macungie, Pennsylvania terminal.
- Review the full text of the press release (Exhibit 99.1) for details on the seller (Pipeline Petroleum, Inc.) and specific terms not included in the summary.
- Check subsequent filings for the impact of this acquisition on the company's debt levels and capital structure.