Du är här


CrossAmerica Partners LP: Declares Increase of Quarterly Distribution

CrossAmerica Partners LP Declares Increase of Quarterly Distribution

* An increase of $0.015 per unit increase from prior quarter, representing a
2.7% increase from previous quarterly distribution per unit
* Consistent with previously announced guidance of increasing distributions
per unit attributable to 2015 by 7% to 9% over 2014

ALLENTOWN, PA (August 24, 2015)
- CrossAmerica Partners LP (NYSE: CAPL) announced today that the Board of
Directors of its general partner has approved a quarterly distribution of
$0.5625 per unit attributable to the second quarter of 2015 (annualized $2.25
per unit), representing a 2.7% increase in the Partnership's cash
distribution per unit from $0.5475 per quarter ($2.19 per unit annualized)
paid with respect to the first quarter of 2015. The distribution
attributable to the second quarter is payable on September 11, 2015 to all
unitholders of record on September 4, 2015.

"As we stated when we released our second quarter earnings earlier this month,
we generated our highest distributable cash flow to date of $14.3 million
thanks to strong cash contribution from our wholesale fuel, rental income,
and retail operations segments," said Joe Topper, CEO of CrossAmerica
Partners. "This 1.5 cent per unit increase in our quarterly distribution is
consistent with our previously provided guidance to increase distributions
per unit attributable to 2015 by 7%-9% over 2014."

In addition, the Partnership plans to declare future quarterly distributions
in conjunction with the release of its quarterly financial results. "We have
modified our distribution announcement policy to reduce the time between the
end of a quarter and the subsequent announcement and payment of distributions
to our unit holders," said Kim Lubel, Chairman of the Board of CrossAmerica's
general partner and Chairman and CEO of CST Brands, Inc. "We continue to be
pleased with the operational performance and cash flow generation of the
Partnership and look forward to further growth in distributable cash flow and
distributions to unit holders in years to come."

About CrossAmerica Partners LP

CrossAmerica Partners, headquartered in Allentown, PA, is a leading wholesale
distributor of motor fuels and owner and lessee of real estate used in the
retail distribution of motor fuels. Its general partner, CrossAmerica GP LLC,
is a wholly owned subsidiary of CST Brands, Inc., one of the largest
independent retailers of motor fuels and convenience merchandise in North
America. Formed in 2012, CrossAmerica Partners distributes fuel to over 1,100
locations and owns or leases nearly 750 sites in twenty-one states:
Pennsylvania, New Jersey, Ohio, Florida, New York, Massachusetts, Kentucky,
New Hampshire, Maine, Tennessee, Maryland, Delaware, Illinois, Indiana, West
Virginia, Virginia, Texas, Minnesota, Michigan, Wisconsin, and South Dakota.
The Partnership has long-term established relationships with several major
oil brands, including ExxonMobil, BP, Shell, Chevron, Sunoco, Valero, Gulf
and Citgo. 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

Safe Harbor Statement

Statements contained in this release that state the Company'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 Form 10-Q or Form 10-K filed with the
Securities and Exchange Commission and available on the 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 (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.

- Karen Yeakel, Investor Relations 610-625-8005 or Randy Palmer, Investor
Relations, 210-692-2160


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: CrossAmerica Partners LP via Globenewswire


Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.