Business Context and Reporting Period
This Form 8-K Current Report was filed by Global Partners LP on October 17, 2022. The filing serves as a Regulation FD disclosure regarding the declaration of quarterly cash distributions on the Partnership's preferred units.
Key Financial Metrics
The filing details specific distribution rates for preferred unitholders but does not provide consolidated revenue, profit, cash flow, or debt metrics.
- Series A Preferred Units: Quarterly distribution of $0.609375 per unit ($2.4375 annualized).
- Series B Preferred Units: Quarterly distribution of $0.59375 per unit ($2.375 annualized).
- Payment Date: November 15, 2022.
- Record Date: November 1, 2022.
- Dividend Period: August 15, 2022 through November 14, 2022.
Material Changes
The filing does not provide comparative financial data or year-over-year changes for revenue or earnings. The primary material event is the Board of Directors' declaration of the aforementioned distributions for the current quarter.
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 disclosure that the information is not deemed "filed" under Section 18 of the Exchange Act unless specifically incorporated by reference.
Investor Verification Checklist
- Verify the record date of November 1, 2022, to confirm eligibility for the upcoming payment.
- Confirm the payment date of November 15, 2022, for Series A and Series B preferred unitholders.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the 8-K text.
- Note that this filing does not contain updated financial statements or liquidity metrics.