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 January 22, 2025. The filing serves as a Regulation FD disclosure regarding a corporate action approved by the Board of Directors of CrossAmerica GP LLC.
Key Financial Metrics
The filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The primary financial data point disclosed is the declaration of a quarterly distribution.
- Quarterly Distribution: $0.5250 per unit for the fourth quarter of 2024.
- Annualized Distribution: $2.10 per unit.
- Record Date: February 3, 2025.
- Payment Date: February 13, 2025.
Material Changes
The declared distribution is consistent with the third quarter of 2024, indicating no change in the quarterly payout rate from the prior period.
Outlook and Management Commentary
Management has maintained the current distribution level. The filing 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. No specific guidance, risks, or contingencies regarding future operations are detailed in this specific report.
Investor Verification Checklist
- Verify the record date of February 3, 2025, to ensure eligibility for the upcoming distribution.
- Confirm the payment date of February 13, 2025, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context on the Board's decision.
- Note that this filing does not contain audited financial statements or operational performance data.