Business Context and Reporting Period
CrossAmerica Partners LP (CAPL) filed a Form 8-K Current Report on October 24, 2019. The filing serves as a Regulation FD disclosure regarding a corporate action approved by the Board of Directors.
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 declaration of a quarterly distribution.
- Quarterly Distribution: $0.5250 per unit for the third quarter of 2019.
- Annualized Distribution: $2.10 per unit.
- Payment Date: November 12, 2019.
- Record Date: November 5, 2019.
Material Changes
The distribution rate of $0.5250 per unit is consistent with the rate paid for the second quarter of 2019, indicating no change in the quarterly payout amount.
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 legal disclaimers regarding Regulation FD. The information is furnished solely to disclose the distribution declaration and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the record date of November 5, 2019, to confirm eligibility for the upcoming distribution.
- Confirm the payment date of November 12, 2019, for cash flow planning.
- 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 provide updated financial performance data for Q3 2019; refer to the 10-Q for detailed operational metrics.