CrossAmerica Partners LP Maintains Quarterly Distribution
CrossAmerica Partners LP announced a quarterly distribution of $0.5250 per unit for the third quarter of 2020, amounting to an annualized rate of $2.10 per unit. This distribution is payable on November 10, 2020, to unitholders of record as of November 3, 2020. The company will release its third quarter earnings results on November 4, 2020, and host a related conference call on November 5, 2020, at 9:00 a.m. Eastern Time. CrossAmerica is a major wholesale distributor of motor fuels, operating in all 34 states in the U.S.
- Quarterly distribution maintained at $0.5250 per unit, showing stability.
- Annualized distribution rate of $2.10 per unit suggests continued income for investors.
- None.
Allentown, Oct. 22, 2020 (GLOBE NEWSWIRE) --
CrossAmerica Partners LP Maintains Quarterly Distribution
·Quarterly distribution of
ALLENTOWN, PA (October 22, 2020) – CrossAmerica Partners LP (NYSE: CAPL) announced today that the Board of Directors of its general partner has approved a quarterly distribution of
CrossAmerica will host a conference call on November 5th at 9:00 a.m. Eastern Time to discuss third quarter earnings results, which will be released after the market closes on Wednesday, November 4.
About CrossAmerica Partners LP
CrossAmerica Partners is a leading wholesale distributor of motor fuels and owner and lessor of real estate used in the retail distribution of motor fuels. Its general partner, CrossAmerica GP LLC, is indirectly owned and controlled by entities affiliated with Joseph V. Topper, Jr., the founder of CrossAmerica Partners and a member of the board of the general partner since 2012. Formed in 2012, CrossAmerica Partners LP is a distributor of branded and unbranded petroleum for motor vehicles in the United States and distributes fuel to approximately 1,700 locations and owns or leases approximately 1,100 sites. With a geographic footprint covering 34 states, the Partnership has well-established relationships with several major oil brands, including ExxonMobil, BP, Shell, Chevron, Sunoco, Valero, Gulf, Citgo, Marathon and Phillips 66. CrossAmerica Partners ranks as one of ExxonMobil's largest distributors by fuel volume in the United States and in the top 10 for additional brands. For additional information, please visit www.crossamericapartners.com.
Forward Looking Statement
Statements contained in this release that state the Partnership’s or management's expectations or predictions of the future are forward-looking statements. The words "believe," "expect," "should," "intends," "estimates," "target," "plan" and other similar expressions identify forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see CrossAmerica's Forms 10-Q or Form 10-K filed with the Securities and Exchange Commission and available on CrossAmerica's website at www.crossamericapartners.com. The Partnership undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Note to Non-United States Investors: This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (
Contact – Randy Palmer, rpalmer@caplp.com or 210-742-8316
FAQ
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