Crossamerica Partners LP - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Crossamerica Partners LP on April 20, 2023. The filing serves as a Regulation FD disclosure regarding the declaration of a quarterly distribution by the board of directors of the general partner.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed is the distribution amount.
- Quarterly Distribution: $0.5250 per unit for the first quarter of 2023.
- Annualized Distribution: $2.10 per unit.
- Record Date: May 3, 2023.
- Payment Date: May 10, 2023.
Material Changes
The declared distribution of $0.5250 per unit is consistent with the distribution paid in the fourth quarter of 2022. There are no reported material changes to the distribution rate compared to the prior comparable period.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond standard regulatory disclaimers. The document explicitly states 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 (May 3, 2023) to ensure eligibility for the upcoming payment.
- Confirm the payment date (May 10, 2023) for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the 8-K text.
- Note that this filing does not contain audited financial results for the first quarter of 2023.