Business Context and Reporting Period
CrossAmerica Partners LP filed a Form 8-K Current Report on January 26, 2017. The filing serves as a Regulation FD disclosure regarding a corporate action approved by the Board of Directors of the Partnership's general partner.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The primary financial metric disclosed is the quarterly cash distribution:
- Q4 2016 Distribution: $0.6125 per unit.
- Annualized Distribution: $2.45 per unit.
- Payment Date: February 13, 2017.
- Record Date: February 6, 2017.
Material Changes Versus Prior Period
The declared distribution represents a 0.8% increase compared to the prior quarter:
- Q3 2016 Distribution: $0.6075 per unit (annualized $2.43).
- Q4 2016 Distribution: $0.6125 per unit (annualized $2.45).
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 Regulation FD disclosure language. The document explicitly states that the information is furnished and not "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the record date of February 6, 2017, to ensure eligibility for the upcoming distribution.
- Confirm the payment date of February 13, 2017, for cash flow planning.
- Review the attached Exhibit 99.1 (Press Release) for any additional context not summarized in the 8-K text.
- Note that this filing does not provide updated financial performance metrics (revenue, EBITDA, etc.) for the fourth quarter of 2016.