Business Context and Reporting Period
This Form 8-K filing by Global Partners LP, dated October 25, 2012, reports a Regulation FD disclosure regarding a quarterly cash distribution. The distribution covers the period from July 1, 2012, through September 30, 2012.
Key Financial Metrics
- Quarterly Distribution: $0.5325 per unit.
- Annualized Distribution: $2.13 per unit.
- Payment Date: November 14, 2012.
- Record Date: November 5, 2012.
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
The declared quarterly distribution of $0.5325 per unit represents a 1.4% increase over the previous quarterly distribution of $0.5250 per unit paid in August 2012.
Outlook and Management Commentary
The Board of Directors of the general partner, Global GP LLC, declared the distribution. The filing notes that the information contained in this Item 7.01 and the attached press release is not deemed "filed" under the Exchange Act unless specifically incorporated by reference.
Investor Verification Checklist
- Verify the record date of November 5, 2012, to ensure eligibility for the upcoming payment.
- Confirm the payment date of November 14, 2012.
- Review the attached press release (Exhibit 99.1) for additional context on the distribution increase.
- Note that this filing does not contain audited financial statements or operational metrics for the quarter.