Business Context and Reporting Period
Company: Global Partners LP
Filing Type: Form 8-K (Current Report)
Date of Report: July 24, 2006
Event: Declaration of quarterly cash distribution for the period April 1, 2006, through June 30, 2006.
Key Financial Metrics
- Quarterly Distribution: $0.4375 per unit.
- Annualized Distribution: $1.75 per unit.
- Payment Date: August 14, 2006.
- Record Date: August 3, 2006.
- Eligible Holders: Common and subordinated unitholders.
Note: This filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
- vs. Prior Quarter (May 2006): The distribution represents an increase of approximately 3% compared to the previous distribution of $0.425 per unit.
- vs. IPO (September 2005): The distribution represents an increase of approximately 6% since the Partnership's initial public offering.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of specific risks and contingencies beyond the standard Regulation FD disclosure regarding the press release.
Investor Verification Checklist
- Verify the record date of August 3, 2006, to confirm eligibility for the upcoming payment.
- Confirm the payment date of August 14, 2006, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the 8-K summary.
- Note that the information in this 8-K is not deemed "filed" under Section 18 of the Exchange Act unless specifically incorporated by reference.