Business Context and Reporting Period
CrossAmerica Partners LP filed a Form 8-K Current Report on February 1, 2016. The filing serves as a Regulation FD disclosure regarding the declaration of a quarterly cash distribution by the board of directors of the Partnership's general partner.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The primary financial metric disclosed is the quarterly distribution per unit:
- Q4 2015 Distribution: $0.5925 per unit (Annualized: $2.37 per unit).
- Q3 2015 Distribution: $0.5775 per unit (Annualized: $2.31 per unit).
- Q4 2014 Distribution: Not explicitly stated as a dollar amount, but used as a baseline for year-over-year comparison.
Material Changes
The declared distribution represents the following changes compared to prior periods:
- Quarter-over-Quarter: A 2.6% increase from the Q3 2015 distribution.
- Year-over-Year: A 9.2% increase compared to the Q4 2014 distribution.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, outlook, or management commentary regarding future operational performance. The document strictly reports the approval of the distribution and the associated payment schedule:
- Record Date: February 12, 2016.
- Payment Date: February 24, 2016.
The filing explicitly states that the information is furnished pursuant to Regulation FD and is not deemed "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the record date (February 12, 2016) to confirm eligibility for the $0.5925 per unit distribution.
- Confirm the payment date of February 24, 2016, for cash flow planning.
- Review the attached Exhibit 99.1 (Press Release) for any additional context not summarized in the 8-K text.
- Note that this filing does not provide updated revenue, earnings, or debt metrics; refer to the most recent 10-Q or 10-K for those figures.