Business Context and Reporting Period
This Form 8-K Current Report was filed by Global Partners LP on January 18, 2022. The filing serves as a Regulation FD disclosure regarding the declaration of quarterly cash distributions for the Partnership's preferred units.
Key Financial Metrics
The filing details the following distribution metrics for the period from November 15, 2021, through February 14, 2022:
- Series A Preferred Units: Quarterly distribution of $0.609375 per unit ($2.4375 annualized).
- Series B Preferred Units: Quarterly distribution of $0.59375 per unit ($2.375 annualized).
- Payment Date: February 15, 2022.
- Record Date: February 1, 2022.
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
This report does not disclose material changes to financial performance compared to prior periods. It solely announces the scheduled declaration of preferred unit distributions.
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 not deemed "filed" under Section 18 of the Exchange Act unless specifically incorporated by reference.
Investor Verification Checklist
- Verify the record date of February 1, 2022, to confirm eligibility for the upcoming distribution.
- Confirm the payment date of February 15, 2022, 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 any changes to the distribution schedule or amounts.