Business Context and Reporting Period
This Form 8-K filing by Global Partners LP, dated July 27, 2018, reports a Regulation FD disclosure regarding a quarterly cash distribution. The distribution covers the period from April 1, 2018, through June 30, 2018.
Key Financial Metrics
- Quarterly Distribution: $0.4750 per unit.
- Annualized Distribution: $1.90 per unit.
- Payment Date: August 14, 2018.
- Record Date: August 9, 2018.
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The declared quarterly distribution of $0.4750 per unit represents a 2.7% increase compared to the $0.4625 per unit distribution paid in May 2018.
Outlook and Management Commentary
The Board of Directors of the general partner, Global GP LLC, declared the distribution. The filing notes that the information contained in this Item 7.01 and the attached press release is not deemed "filed" under the Exchange Act unless specifically incorporated by reference.
Investor Verification Checklist
- Verify the record date of August 9, 2018, to ensure eligibility for the upcoming payment.
- Confirm the payment date of August 14, 2018.
- Review the attached press release (Exhibit 99.1) for additional context on the distribution increase.