CrossAmerica Partners LP Maintains Quarterly Distribution
23 April 2024 - 6:20AM
CrossAmerica Partners LP Maintains Quarterly
Distribution
- Quarterly distribution of
$0.5250 per unit attributable to the first quarter of
2024
ALLENTOWN, PA (April 22, 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 first quarter
of 2024 (annualized $2.10 per unit). The distribution attributable
to the first quarter is payable on May 10, 2024 to all unitholders
of record on May 3, 2024.
CrossAmerica will host a conference call on May 9th at 9:00 a.m.
Eastern Time to discuss first quarter 2024 earnings results, which
will be released after the market closes on Wednesday, May 8.
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
CrossAmerica Partners (NYSE:CAPL)
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