Global Partners LP (GLP)

[ciciagt]

From today's news release:
"Global Partners today announced that it is providing 2013 EBITDA guidance in the range of $175 million to $190 million. The Partnership previously provided 2012 EBITDA guidance in November 2012 of $115 million to $130 million. The Partnership’s guidance is based on its current business outlook as well as assumptions regarding market conditions, including demand for petroleum products and renewable fuels, weather, credit markets and the forward product pricing curve, which will influence financial results.
“We are entering 2013 with considerable momentum on a number of fronts,” said Slifka. “Our expected growth in annual EBITDA for 2013 is the result of a combination of organic growth projects, strategic acquisitions and new contract business. Going forward, we will benefit from the expansion of logistics assets in North Dakota and bringing online our new Albany propane storage facility. We also will benefit from a full year of contributions from Alliance Energy, which we acquired in March 2012, and the addition of Basin Transload following the expected completion of that transaction in the first quarter. In terms of new contract business, our growth will be supported by our recently announced long-term unitary lease with Getty Realty Corp., our ongoing management services and supply agreement with Getty Realty, and the Phillips 66 contract. We remain confident that the Partnership is well-positioned to capitalize on the many opportunities in the dynamic and rapidly evolving energy market.”