Business Context and Reporting Period
CrossAmerica Partners LP filed a Form 8-K Current Report on October 24, 2016. The filing serves as a Regulation FD disclosure regarding the declaration of a quarterly cash distribution by the Board of Directors of the Partnership's general partner.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The only financial metric disclosed is the distribution rate:
- Q3 2016 Distribution: $0.6075 per unit.
- Annualized Distribution: $2.43 per unit.
- Record Date: November 4, 2016.
- Payment Date: November 15, 2016.
Material Changes Versus Prior Period
The declared distribution represents a 0.8% increase compared to the second quarter of 2016.
- Q2 2016 Distribution: $0.6025 per unit (annualized $2.41).
- Q3 2016 Distribution: $0.6075 per unit (annualized $2.43).
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. The document explicitly states that the information is furnished pursuant to Regulation FD and is not deemed "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the record date of November 4, 2016, to ensure eligibility for the distribution.
- Confirm the payment date of November 15, 2016, for cash flow planning.
- Review the attached Exhibit 99.1 (Press Release) for any additional context not summarized in the 8-K text.
- Note that this filing does not provide updated financial performance metrics (revenue, EBITDA, etc.) for the third quarter.