Business Context and Reporting Period
This Form 8-K filing by Global Partners LP, dated January 24, 2007, discloses a quarterly cash distribution declaration by the Board of Directors. The distribution covers the period from October 1, 2006, through December 31, 2006.
Key Financial Metrics
- Quarterly Distribution: $0.4550 per unit.
- Annualized Distribution: $1.82 per unit.
- Payment Date: February 14, 2007.
- Record Date: February 5, 2007.
- Eligible Holders: Common and subordinated unitholders.
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
- Quarter-over-Quarter: The distribution represents a 2.2% increase compared to the November 2006 distribution of $0.4450 per unit.
- Since IPO: The distribution represents a 10.3% increase since the Partnership's initial public offering in September 2005.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the standard Regulation FD disclosure. The information is provided via a press release attached as Exhibit 99.1 and is not deemed "filed" for purposes of Section 18 of the Exchange Act unless specifically incorporated by reference.
Investor Verification Checklist
- Verify the record date of February 5, 2007, to confirm eligibility for the distribution.
- Confirm the payment date of February 14, 2007, 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 include audited financial statements or operational metrics.