Business Context and Reporting Period
CrossAmerica Partners LP filed a Form 8-K Current Report on April 25, 2019. The filing serves as a Regulation FD disclosure regarding the declaration of a quarterly distribution by the Board of Directors.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed is the distribution amount:
- Quarterly Distribution: $0.5250 per unit for the first quarter of 2019.
- Annualized Distribution: $2.10 per unit.
- Payment Date: May 13, 2019.
- Record Date: May 6, 2019.
Material Changes Versus Prior Period
The declared distribution of $0.5250 per unit is consistent with the distribution paid in the fourth quarter of 2018. No other material changes to financial performance or position are detailed in this specific filing.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond the standard legal disclaimers associated with Regulation FD disclosures. The document explicitly states that the information is not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be incorporated by reference into registration statements.
Investor Verification Checklist
- Verify the record date of May 6, 2019, to ensure eligibility for the upcoming distribution.
- Confirm the payment date of May 13, 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 contain updated financial performance data; refer to the most recent 10-Q or 10-K for revenue and earnings details.