Business Context and Reporting Period
This Form 8-K Current Report was filed by CrossAmerica Partners LP on January 22, 2020. The filing serves as a Regulation FD disclosure regarding the declaration of a quarterly distribution by the Board of Directors.
Key Financial Metrics
The filing discloses the following distribution metrics:
- Quarterly Distribution: $0.5250 per unit for the fourth quarter of 2019.
- Annualized Distribution: $2.10 per unit.
- Record Date: February 3, 2020.
- Payment Date: February 10, 2020.
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
The declared distribution of $0.5250 per unit is consistent with the distribution paid in the third quarter of 2019, indicating no change in the quarterly payout rate.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the standard disclosure 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 February 3, 2020, to ensure eligibility for the upcoming payment.
- Confirm the payment date of February 10, 2020, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the Board's decision.
- Note that this filing does not contain audited financial statements or operational performance data.