Business Context and Reporting Period
CrossAmerica Partners LP (CAPL) filed a Form 8-K on October 23, 2023, to disclose a quarterly distribution declaration pursuant to Regulation FD. The filing pertains to the third quarter of 2023.
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 distribution declaration:
- Quarterly Distribution: $0.5250 per unit for the third quarter of 2023.
- Annualized Distribution: $2.10 per unit.
- Payment Date: November 10, 2023.
- Record Date: November 3, 2023.
Material Changes
The declared distribution of $0.5250 per unit is consistent with the distribution paid for the second quarter of 2023, indicating no change in the quarterly payout rate.
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 Regulation FD disclosure language. The document 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 any registration statement.
Investor Verification Checklist
- Verify the record date of November 3, 2023, to ensure eligibility for the upcoming distribution.
- Confirm the payment date of November 10, 2023, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context not summarized in the 8-K text.
- Note that this filing does not provide updated financial performance data; refer to the most recent 10-Q or 10-K for revenue and earnings details.