Business Context and Reporting Period
CrossAmerica Partners LP filed a Form 8-K Current Report on July 18, 2019. 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 second quarter of 2019.
- Annualized Distribution: $2.10 per unit.
- Record Date: July 30, 2019.
- Payment Date: August 6, 2019.
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 for the first 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 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 July 30, 2019, to confirm eligibility for the upcoming payment.
- Confirm the payment date of August 6, 2019, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the 8-K summary.
- Check subsequent filings for updates on the company's financial performance supporting this distribution.