Business Context and Reporting Period
CrossAmerica Partners LP filed a Form 8-K Current Report on October 24, 2018. The filing serves as a Regulation FD disclosure regarding a corporate action approved by the Board of Directors.
Key Financial Metrics
The filing announces a quarterly distribution of $0.5250 per unit attributable to the third quarter of 2018. This rate is consistent with the second quarter of 2018 and represents an annualized distribution of $2.10 per unit.
- Quarterly Distribution: $0.5250 per unit
- Annualized Distribution: $2.10 per unit
- Record Date: November 5, 2018
- Payment Date: November 13, 2018
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
There were no material changes to the distribution rate compared to the prior comparable period (second quarter of 2018), as the Board approved a consistent rate of $0.5250 per unit.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the standard disclosure that the information is furnished pursuant to Regulation FD and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the record date of November 5, 2018, to ensure eligibility for the distribution.
- Confirm the payment date of November 13, 2018, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the Board's decision.
- Note that this filing does not contain audited financial statements or operational performance data.