Business Context and Reporting Period
CrossAmerica Partners LP (CAPL) filed a Form 8-K on October 21, 2021, to disclose a quarterly distribution declaration. The report pertains to the third quarter of 2021.
Key Financial Metrics
The filing announces a quarterly distribution of $0.5250 per unit. This equates to an annualized distribution rate of $2.10 per unit. The filing does not provide specific data on revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
The declared distribution is consistent with the second quarter of 2021, indicating no change in the quarterly payout amount from the prior period.
Guidance, Outlook, and Management Commentary
The Board of Directors of the General Partner approved the distribution. The payment is scheduled for November 10, 2021, to unitholders of record as of November 3, 2021. The filing contains no forward-looking guidance, risk factors, or discussion of unusual items beyond the distribution announcement.
Investor Verification Checklist
- Verify the record date of November 3, 2021, to confirm eligibility for the distribution.
- Confirm the payment date of November 10, 2021.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the distribution decision.
- Note that this filing does not contain audited financial statements or operational performance data.