Business Context and Reporting Period
This Form 8-K Current Report was filed by Global Partners LP on April 18, 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 report 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).
- Distribution Period: February 15, 2022, through May 14, 2022.
- Payment Date: May 16, 2022.
- Record Date: May 2, 2022.
Material Changes
The filing does not provide comparative financial data or discuss material changes in operating performance versus prior periods. The primary event is the Board of Directors' declaration of the stated cash distributions.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, 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 May 2, 2022, to confirm eligibility for the upcoming distribution.
- Confirm the payment date of May 16, 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 summary.
- Note that this filing does not contain updated financial statements or liquidity metrics.