Health Commentary

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Commercial segment sales were $145.7 million in the first quarter of 2021 compared with $142.6 million in the first quarter of 2020. Volume in the first quarter of 2021 was 1.3 billion gallons compared with 1.5 billion gallons in the same period of 2020. Wholesale navigate to this web-site segment volume was 0.9 billion gallons in the first quarter of 2021 compared with 1.1 billion gallons in the first quarter of 2020. GDSO volume was 334.1 million gallons in the first quarter of 2021 compared with 351.4 million gallons in the first quarter of 2020. Commercial segment volume was 81.4 million gallons in the first quarters of 2021 and 2020. Global successfully completed a public offering of 3,000,000 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units at $25.00 per unit. Global used the net proceeds from this offering to reduce indebtedness under its credit agreement. Global entered into an amended credit agreement that among other things, extended the maturity date from April 2022 to May 2024, reduced the applicable rate for borrowings and letters of credit, increased the working capital revolving credit facility from $770 million to $800 million, and increased the revolving credit facility from $400 million to $450 million. Global launched Project Carbon Freedom , a new coalition to advance clean energy legislation that supports the deployment of renewable liquid heating fuel in order to efficiently, affordably and equitably decarbonize the residential heating sector across the northeastern U.S. Global announced a quarterly cash distribution of $0.5750 per unit, or $2.30 per unit on an annualized basis, on all of its outstanding common units for the period from January 1 to March 31, 2021. The distribution will be paid May 14, 2021 to unitholders of record as of the close of business on May 10, 2021. “We continue to execute on our strategy to grow through organic initiatives and strategic M&A,” Slifka said. “We have a robust pipeline of retail investments and other projects planned for 2021 and believe that we are well positioned for the future.” The extent to which the COVID-19 pandemic may affect our operating results remains uncertain. The COVID-19 pandemic has had, and may continue to have, material adverse consequences for general economic, financial and business conditions, and could materially and adversely affect our business, financial condition and results of operations and those of our customers, suppliers and other counterparties. Management will review the Partnership’s first-quarter 2021 financial results in a teleconference call for analysts and investors today. Due to the expected high demand on our conference call provider, please plan to dial in to the call at least 20 minutes prior to the start time. The call also will be webcast live and archived on Global’s website, https://ir.globalp.com . Global Partners views product margin as an important performance measure of the core profitability of its operations.

https://www.businesswire.com/news/home/20210507005057/en/Global-Partners-Reports-First-Quarter-2021-Financial-Results

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Schlegel is among the researchers turning to statistical and machine-learning methods to try to understand the main causes of the ocean’s heatwaves. Source: Schlegel, R. W. Marine Heatwave Tracker (2020) Sometimes, the drivers of a marine heatwave hide in the ocean itself. That happened with the event off Western Australia, when the southward-flowing Leeuwin Current grew stronger. As the current intensified, it carried larger-than-usual quantities of warm water from the Indian Ocean, bathing hundreds of kilometres of coastline in a months-long heatwave 3 . A similar pattern caused a 2015–16 marine heatwave in the Tasman Sea between Australia and New Zealand that set records for its duration and intensity in that part of the ocean. A 2017 study 4 traced that event back to a strengthening of the East Australian Current, which brings warm tropical waters to those countries’ see this page shores. Such ocean-driven events can penetrate much deeper into the ocean than do their atmosphere-driven counterparts, says Neil Holbrook, an ocean and climate scientist at Australia’s University of Tasmania, who co-authored the paper. These corals could survive climate change — and help save the world’s reefs These deeper events pose a unique challenge to climate scientists. Almost all of the current understanding of marine heatwaves is restricted to what happens in the surface ocean, where researchers can use satellite instruments to map the temperature and track events in near-real time. But beneath the surface is a world of complex currents. “We can see and define the heatwave on the surface,” says Sofia Darmaraki, a physical oceanographer at Dalhousie University in Halifax, Canada. “But the surface is just the tip of the iceberg of the marine heatwave.” There are relatively few observational networks tracking conditions beneath the surface. Floats and buoys provide data in some regions, but they are completely missing in others. Understanding how subsurface heat anomalies develop, persist and evolve is one of the biggest open questions in marine-heatwave research.

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