Business Context and Reporting Period
CrossAmerica Partners LP filed a Form 8-K Current Report on July 22, 2021. The filing serves as a Regulation FD disclosure regarding a corporate action approved by the Board of Directors of the General Partner.
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 second quarter of 2021.
- Annualized Distribution: $2.10 per unit.
- Record Date: August 3, 2021.
- Payment Date: August 10, 2021.
Material Changes
The distribution rate of $0.5250 per unit is consistent with the first quarter of 2021, indicating no change in the quarterly payout amount compared to the prior period.
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 document explicitly states that the information is not deemed "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 August 3, 2021, to ensure eligibility for the upcoming distribution.
- Confirm the payment date of August 10, 2021, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the summary text.
- Note that this filing does not provide updated financial performance data (revenue, EBITDA, etc.) for the second quarter.