Business Context and Reporting Period
CrossAmerica Partners LP (CAPL) filed a Form 8-K Current Report on October 20, 2022. The filing serves as a Regulation FD disclosure regarding a corporate action approved by the Board of Directors of the General Partner.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The primary financial data point disclosed is the declaration of a quarterly distribution.
- Quarterly Distribution: $0.5250 per unit for the third quarter of 2022.
- Annualized Distribution: $2.10 per unit.
- Record Date: November 3, 2022.
- Payment Date: November 10, 2022.
Material Changes
The declared distribution of $0.5250 per unit is consistent with the distribution paid for the second quarter of 2022. No material changes to the distribution rate were reported in this filing.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operational outlook, or discussion of specific risks and contingencies beyond the standard legal disclaimers associated with Regulation FD disclosures. The text explicitly states that the information is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be incorporated by reference into registration statements.
Investor Verification Checklist
- Verify the record date (November 3, 2022) to ensure eligibility for the upcoming payment.
- Confirm the payment date (November 10, 2022) for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the 8-K summary.
- Note that this filing does not provide updated financial performance data (revenue, EBITDA, etc.) for the third quarter.