CrossAmerica Partners LP Maintains Quarterly Distribution
CrossAmerica Partners LP announced a quarterly distribution of $0.5250 per unit for the first quarter of 2021, representing an annualized amount of $2.10 per unit. The distribution will be payable on May 11, 2021, to unitholders of record on May 4, 2021. Additionally, a conference call is scheduled for May 11 at 9:00 a.m. ET to discuss first quarter earnings, which will be released on May 10. CrossAmerica Partners, a major distributor of motor fuels, operates in 34 states and has partnerships with several leading oil brands.
- Quarterly distribution of $0.5250 per unit, signaling a stable cash return to unitholders.
- Established relationships with major oil brands enhance market positioning and distribution capabilities.
- Coverage of 34 states indicates a significant operational footprint across the U.S.
- None.
•Quarterly distribution of
Allentown, PA, April 22, 2021 (GLOBE NEWSWIRE) --
CrossAmerica Partners LP Maintains Quarterly Distribution
- Quarterly distribution of
$0.52 50 per unit attributable to the first quarter of 2021
ALLENTOWN, PA (April 22, 2021) – 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 May 11th at 9:00 a.m. Eastern Time to discuss first quarter earnings results, which will be released after the market closes on Monday, May 10.
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, 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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