Business Context and Reporting Period
Company: Global Partners LP
Filing Type: Form 8-K (Current Report)
Date of Report: July 23, 2013
Event: Declaration of quarterly cash distribution by the Board of Directors of Global GP LLC.
Key Financial Metrics
This filing reports on distribution metrics rather than operational financial performance (revenue, profit, cash flow, or debt).
- Quarterly Distribution Declared: $0.5875 per unit.
- Annualized Distribution: $2.35 per unit.
- Coverage Period: April 1, 2013 through June 30, 2013.
- Record Date: August 5, 2013.
- Payment Date: August 14, 2013.
Material Changes Versus Prior Periods
- Quarter-over-Quarter: The declared distribution represents an increase of approximately 1% compared to the $0.5825 per unit paid in May 2013.
- Year-over-Year: The declared distribution represents an increase of approximately 12% compared to the $0.5250 per unit paid in August 2012.
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, management commentary on operational outlook, or specific risk factors beyond the standard Regulation FD disclosure. The information is provided to announce the distribution declaration and is not deemed "filed" for liability purposes under Section 18 of the Exchange Act unless specifically incorporated by reference.
Investor Verification Checklist
- Verify the record date (August 5, 2013) to ensure eligibility for the upcoming payment.
- Confirm the payment date (August 14, 2013) for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the distribution increase.
- Note that this 8-K does not contain audited financial statements or operational metrics for the quarter.