Business Context and Reporting Period
CrossAmerica Partners LP filed a Form 8-K Current Report on January 29, 2019. The filing serves as a Regulation FD disclosure regarding a corporate action approved by the Board of Directors.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The primary financial data point disclosed is the declaration of a quarterly distribution.
- Quarterly Distribution: $0.5250 per unit
- Attributable Period: Fourth quarter of 2018
- Annualized Distribution: $2.10 per unit
- Payment Date: February 19, 2019
- Record Date: February 11, 2019
Material Changes
The declared distribution is consistent with the third quarter of 2018, 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 discussion of specific risks and contingencies beyond the standard legal disclaimers regarding Regulation FD. The information is furnished solely to disclose the distribution declaration and is not deemed "filed" for liability purposes under Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the record date of February 11, 2019, to confirm eligibility for the upcoming payment.
- Confirm the payment date of February 19, 2019, 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 provide updated financial performance data for the fourth quarter of 2018.