Business Context and Reporting Period
This Form 8-K is a current report filed by Global Partners LP on January 22, 2019. The filing primarily serves to disclose a quarterly cash distribution declaration for the Partnership's Series A preferred units.
Key Financial Metrics
- Quarterly Distribution: $0.609375 per Series A preferred unit.
- Annualized Distribution: $2.4375 per Series A preferred unit.
- Distribution Period: November 15, 2018, through February 14, 2019.
- Payment Date: February 15, 2019.
- Record Date: February 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 report does not detail material changes in financial performance compared to prior periods. It solely announces the declaration of a scheduled quarterly distribution by the Board of Directors of the general partner, Global GP LLC.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond the standard disclosure regarding the distribution payment. The information is provided under Item 7.01 (Regulation FD Disclosure) and is not deemed "filed" for liability purposes under Section 18 of the Exchange Act unless specifically incorporated by reference.
Investor Verification Checklist
- Verify ownership of Series A preferred units as of the record date (February 1, 2019).
- Confirm the payment date of February 15, 2019, for the declared distribution.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the summary.