Business Context and Reporting Period
This Form 8-K filing by Global Partners LP was submitted on April 19, 2019. The report serves as a current disclosure regarding a quarterly cash distribution declaration for the Partnership's Series A preferred units.
Key Financial Metrics
The filing discloses the following specific financial metric regarding distributions:
- Quarterly Cash Distribution: $0.609375 per Series A preferred unit.
- Annualized Distribution Rate: $2.4375 per Series A preferred unit.
- Distribution Period: February 15, 2019, through May 14, 2019.
- Payment Date: May 15, 2019.
- Record Date: May 1, 2019 (opening of business).
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
This filing reports a routine quarterly distribution event. No material changes to financial performance, operations, or capital structure compared to prior periods are detailed in this specific document.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of risks and contingencies beyond the standard disclosure that the information in Item 7.01 and Exhibit 99.1 is not deemed "filed" under the Exchange Act unless specifically incorporated by reference.
Investor Verification Checklist
- Verify the record date of May 1, 2019, to confirm eligibility for the distribution.
- Confirm the payment date of May 15, 2019, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context on the distribution declaration.
- Note that this filing does not contain audited financial statements or comprehensive operational data.