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 21, 2022. The filing serves as a Regulation FD disclosure regarding a corporate action approved by the Board of Directors of the General Partner.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The primary financial data disclosed is the quarterly distribution amount.
- Quarterly Distribution: $0.5250 per unit for the first quarter of 2022.
- Annualized Distribution: $2.10 per unit.
- Payment Date: May 11, 2022.
- Record Date: May 3, 2022.
Material Changes
The distribution rate of $0.5250 per unit is consistent with the fourth quarter of 2021, indicating no change in the quarterly payout rate from the prior period.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operational outlook, 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 of May 3, 2022, to ensure eligibility for the upcoming distribution.
- Confirm the payment date of May 11, 2022, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the distribution approval.
- Note that this filing does not contain audited financial results for the first quarter of 2022.