Business Context and Reporting Period
CrossAmerica Partners LP filed a Form 8-K Current Report on July 28, 2016. The filing serves as a Regulation FD disclosure regarding the declaration of a quarterly cash distribution by the Board of Directors of the Partnership's general partner.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The primary financial data disclosed relates to the distribution policy:
- Q2 2016 Distribution: $0.6025 per unit.
- Annualized Distribution Rate: $2.41 per unit.
- Q1 2016 Prior Distribution: $0.5975 per unit (annualized $2.39 per unit).
- Payment Date: August 15, 2016.
- Record Date: August 8, 2016.
Material Changes
The Partnership announced a 0.8% increase in the quarterly cash distribution per unit compared to the first quarter of 2016. No other material changes to operations, liquidity, or capital structure are detailed in this specific filing.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or specific risk factors beyond standard regulatory disclaimers. The document explicitly states that the information is furnished under Regulation FD and is not deemed "filed" for purposes of Section 18 of the Exchange Act, nor will it be incorporated by reference into registration statements.
Investor Verification Checklist
- Verify the record date of August 8, 2016, to confirm eligibility for the upcoming distribution.
- Confirm the payment date of August 15, 2016, for cash flow planning.
- Review the attached Exhibit 99.1 (Press Release) for any additional context regarding the distribution increase.
- Note that this filing does not provide updated revenue, earnings, or debt metrics; refer to the most recent 10-Q or 10-K for those figures.