CrossAmerica Partners LP Maintains Quarterly Distribution

Rhea-AI Summary

CrossAmerica Partners LP (NYSE: CAPL) has announced the maintenance of its quarterly distribution at $0.5250 per unit for the second quarter of 2024. This distribution, annualized at $2.10 per unit, will be payable on August 9, 2024 to unitholders of record as of August 2, 2024. The decision was approved by the Board of Directors of the company's general partner.

Additionally, CrossAmerica Partners LP has scheduled a conference call for August 8th at 9:00 a.m. Eastern Time to discuss their second quarter 2024 earnings results. These results will be released after the market closes on Wednesday, August 7.

Positive

• Maintained quarterly distribution of $0.5250 per unit
• Annualized distribution of $2.10 per unit

Negative

• None.

Allentown, PA, July 23, 2024 (GLOBE NEWSWIRE) --

CrossAmerica Partners LP Maintains Quarterly Distribution

• Quarterly distribution of $0.5250 per unit attributable to the second quarter of 2024
  
  

ALLENTOWN, PA (July 23, 2024) – CrossAmerica Partners LP (NYSE: CAPL) announced today that the Board of Directors of its general partner has approved a quarterly distribution of $0.5250 per unit attributable to the second quarter of 2024 (annualized $2.10 per unit). The distribution attributable to the second quarter is payable on August 9, 2024 to all unitholders of record on August 2, 2024.

CrossAmerica will host a conference call on August 8^th at 9:00 a.m. Eastern Time to discuss second quarter 2024 earnings results, which will be released after the market closes on Wednesday, August 7.

About CrossAmerica Partners LP

CrossAmerica Partners is a leading wholesale distributor of motor fuels, convenience store operator, 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, Marathon, Valero, Phillips 66 and other major brands. 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. Brokers and nominees should treat one hundred percent (100%) of CrossAmerica Partners LP’s distributions to non-U.S. investors as attributable to income that is effectively connected with a United States trade or business. Accordingly, CrossAmerica Partners LP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

Contact – Randy Palmer, rpalmer@caplp.com or 610-625-8000

FAQ

What is CrossAmerica Partners LP's quarterly distribution for Q2 2024?

CrossAmerica Partners LP (CAPL) has maintained its quarterly distribution at $0.5250 per unit for the second quarter of 2024.

When will CrossAmerica Partners LP (CAPL) pay its Q2 2024 distribution?

The distribution for Q2 2024 will be payable on August 9, 2024 to all unitholders of record on August 2, 2024.

What is the annualized distribution for CrossAmerica Partners LP (CAPL) based on Q2 2024?

Based on the Q2 2024 distribution, the annualized distribution for CrossAmerica Partners LP (CAPL) is $2.10 per unit.

When will CrossAmerica Partners LP (CAPL) release its Q2 2024 earnings results?

CrossAmerica Partners LP (CAPL) will release its second quarter 2024 earnings results after the market closes on Wednesday, August 7, 2024.