Business Context and Reporting Period
This Form 8-K Current Report was filed by CrossAmerica Partners LP on June 5, 2015. 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
The filing focuses exclusively on distribution metrics and does not provide comprehensive financial statements such as revenue, profit, cash flow, margins, debt, or liquidity figures.
- Quarterly Distribution (Q1 2015): $0.5475 per unit.
- Annualized Distribution: $2.19 per unit.
- Prior Quarter Distribution (Q4 2014): $0.5425 per unit ($2.17 annualized).
- Payment Date: June 19, 2015.
- Record Date: June 15, 2015.
Material Changes
The Partnership announced a 0.9% increase in the cash distribution per unit compared to the fourth quarter of 2014. The filing also references a correction to the declaration of the distribution, as indicated by the attached press releases.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operational outlook, or discussion of specific risks and contingencies beyond the standard legal disclaimers. The information is furnished solely to satisfy Regulation FD requirements and is not deemed "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the record date of June 15, 2015, to confirm eligibility for the distribution.
- Confirm the payment date of June 19, 2015, for the $0.5475 per unit distribution.
- Review the attached press releases (Exhibits 99.1 and 99.2) for details regarding the correction of the distribution declaration.
- Note that this filing does not contain audited financial data; refer to the most recent 10-Q or 10-K for revenue and balance sheet metrics.