Welcome to our dedicated page for Crossamerica Partners Lp news (Ticker: CAPL), a resource for investors and traders seeking the latest updates and insights on Crossamerica Partners Lp stock.
Company Overview
CrossAmerica Partners LP (CAPL) is a comprehensive wholesale distributor of motor fuels that also owns and leases real estate for retail fuel distribution. Operating within two primary segments, the company drives its business through both wholesale operations—distributing branded and unbranded petroleum products—and retail channels that include convenience merchandise and fuel sales at both company-operated locations and commission agent sites.
Core Business and Operations
The firm stands out for its dual-focused business model. In the wholesale segment, CrossAmerica distributes motor fuel to a diverse network comprising lessee dealers, independent dealers, commission agents, and sub-wholesalers. Its strategic partnerships with multiple major oil brands such as ExxonMobil, BP, Shell, Chevron, and others underpin its ability to serve a vast array of customers across numerous states. This robust network ensures a steady supply chain that provides value to both fuel suppliers and retail operators.
The retail segment complements the wholesale operations by focusing on the direct sale of motor fuel and convenience merchandise. The retail operations include company-operated sites and those managed by commission agents. This integration allows the company to dynamically adapt to shifts in market conditions, including the conversion of lessee dealer sites into company-operated or commission agent sites. The firm uses this conversion strategy to better align operational efficiencies while maintaining strong customer service across its geographical footprint.
Market Position and Industry Significance
CrossAmerica Partners LP has solidified its standing in the motor fuel distribution sector by leveraging established relationships and a strong network of branded fuel providers. It is recognized as one of the largest distributors for prominent brands by fuel volume, emphasizing its role as a critical intermediary between oil companies and retail services. With a presence spanning multiple states, the company exhibits significant market penetration and resilience in a competitive energy infrastructure landscape.
Real Estate and Site Operations
Beyond fuel distribution, the company strategically owns and leases sites essential for retail fuel distribution. These assets are vital for operational flexibility, as they allow CrossAmerica to control key locations that facilitate both fuel sales and convenience store operations. The ownership model supports long-term operational stability by maintaining prime real estate assets that remain in high demand within the motor fuel retail sector.
Business Model Nuances
The company’s integrated approach touches on the complete supply chain from fuel distribution to retail sales. This model includes:
- Wholesale Distribution: Serving a diverse network with consistent supply of branded and unbranded motor fuels.
- Retail Integration: Operating and facilitating fuel stations that also offer convenience merchandise, enhancing customer engagement at the point of sale.
- Real Estate Management: Owning and leasing strategically important sites that provide long-term revenue opportunities and operational flexibility.
Strategic Partnerships and Operational Adjustments
Key to CrossAmerica’s competitive advantage is its ability to maintain long-term relationships with major oil companies. By aligning its logistics and distribution channels efficiently, the company ensures a reliable supply of diverse fuel options while also adapting through site conversions when market dynamics shift—a strategy that contributes to its sustained operational performance even amid changing fuel margins and conversion-related adjustments.
Conclusion
Through a balanced portfolio of wholesale distribution and retail site operations, CrossAmerica Partners LP fortifies its role in the transportation and energy infrastructure segments. The company’s adept management of real estate assets coupled with its expansive network of oil brand partnerships positions it as a vital entity in the motor fuel supply chain, delivering both operational efficiency and wide market reach that appeals to diverse customer bases across the United States.
CrossAmerica Partners LP (NYSE: CAPL) has announced the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission (SEC) on February 27, 2025. The annual report, which includes the Partnership's audited financial statements, is accessible through the company's website at www.crossamericapartners.com and the SEC's website at www.sec.gov.
Unitholders can request printed copies of the report through the company's online information request system or by contacting investor relations at 610-625-8000.
CrossAmerica Partners LP (NYSE: CAPL) reported Q4 2024 financial results with net income of $16.9 million, down from $16.7 million in Q4 2023. Full-year 2024 net income decreased to $22.5 million from $42.6 million in 2023.
The retail segment showed growth with Q4 gross profit up 9% year-over-year, driven by a 22% higher average site count. Same-store fuel volume increased 2%, and merchandise sales excluding cigarettes grew 2%. However, wholesale segment gross profit declined 22% in Q4 2024.
Key metrics for 2024 included:
- Adjusted EBITDA: $145.5M (vs $165.8M in 2023)
- Distributable Cash Flow: $86.0M (vs $116.7M in 2023)
- Distribution Coverage Ratio: 1.08x (vs 1.46x in 2023)
- Leverage ratio: 4.36x (vs 4.21x in 2023)
The company divested 30 properties in 2024 for $36.3 million, resulting in a net gain of $23.3 million, as part of its ongoing optimization efforts.
CrossAmerica Partners LP (NYSE: CAPL) has announced the maintenance of its quarterly distribution at $0.5250 per unit for the fourth quarter of 2024, equivalent to an annualized distribution of $2.10 per unit. The distribution will be paid on February 13, 2025, to unitholders of record as of February 3, 2025.
The company has scheduled a conference call for February 27th at 9:00 a.m. Eastern Time to discuss their fourth quarter and full year 2024 earnings results, which will be released after market close on February 26.
CrossAmerica Partners LP (NYSE: CAPL) has scheduled its fourth quarter and full year 2024 earnings release for Wednesday, February 26, 2025, after market close. The company will host a conference call on Thursday, February 27, at 9:00 a.m. Eastern Time to discuss the results.
Investors can access the conference call via phone at 800-717-1738 or 646-307-1865 using passcode 43042. A live audio webcast and related earnings materials, including GAAP to non-GAAP reconciliations, will be available on the investor section of CrossAmerica's website. The webcast archive will be accessible for 60 days following the call.
CrossAmerica Partners LP (NYSE: CAPL) reported Q3 2024 financial results with net income of $10.7 million, down from $12.3 million in Q3 2023. Adjusted EBITDA was $43.9 million, slightly down from $44.2 million year-over-year. The retail segment showed strong performance with gross profit increasing 24% to $83.6 million, while wholesale segment gross profit declined 16% to $27.6 million. The company maintained a distribution coverage ratio of 1.26x and reduced leverage to 4.21x. The Board declared a quarterly distribution of $0.5250 per unit.
CrossAmerica Partners LP (NYSE: CAPL) has announced the maintenance of its quarterly distribution at $0.5250 per unit for the third quarter of 2024, equivalent to an annualized distribution of $2.10 per unit. The distribution will be paid on November 13, 2024, to unitholders of record as of November 4, 2024. The company will discuss its Q3 2024 earnings results in a conference call scheduled for November 7th at 9:00 a.m. Eastern Time, following the earnings release after market close on November 6.
CrossAmerica Partners LP (NYSE: CAPL) has announced it will release its third quarter 2024 earnings results after market close on Wednesday, November 6, 2024. The company will host a conference call on Thursday, November 7, at 9:00 a.m. Eastern Time to discuss the results. Investors can join the call using the numbers 800-717-1738 or 646-307-1865 with passcode 264936.
A live audio webcast of the conference call and related earnings materials, including reconciliations of non-GAAP to GAAP financial measures, will be available on the investor section of CrossAmerica's website. The webcast archive will be accessible for sixty days after the call.
CrossAmerica Partners LP (NYSE: CAPL) has rescheduled its second quarter 2024 earnings call and webcast due to technical difficulties. The new date is set for Friday, August 9, at 9:00 a.m. Eastern Time. Investors can join the conference call using the numbers 800-717-1738 or 646-307-1865 with the passcode 29269. A live audio webcast will be available on the investor section of the CrossAmerica website, along with related earnings materials including reconciliations of non-GAAP to GAAP financial measures. The webcast archive will be accessible for 60 days after the call.
CrossAmerica Partners LP (NYSE: CAPL) reported Q2 2024 financial results. Net income was $12.4M, down from $14.5M in Q2 2023. Adjusted EBITDA increased slightly to $42.6M from $42.2M. Distributable cash flow dropped to $26.1M from $30.4M. Retail segment gross profit rose 16% to $76.6M due to a 10% increase in motor fuel and a 23% rise in merchandise gross profit. However, same-store motor fuel sales declined by 2%. Wholesale segment gross profit fell 11% to $28.1M, driven by a 12% decline in motor fuel volume. The distribution coverage ratio for the trailing 12 months ended June 30, 2024, was 1.32x, down from 1.68x in 2023. The Board declared a quarterly distribution of $0.5250 per partner unit. Leverage ratio improved to 4.39 times compared to 4.49 times in March 2024.
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.
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