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Crossamerica Partners Lp - CAPL STOCK NEWS

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.

Rhea-AI Summary

CrossAmerica Partners LP (NYSE: CAPL) has announced its schedule for releasing second quarter 2024 earnings results. The company will disclose its financial performance after market close on Wednesday, August 7, 2024. Following this, management will host a conference call on Thursday, August 8 at 9:00 a.m. Eastern Time to discuss the results.

Investors and analysts can join the call using the numbers 800-717-1738 or 646-307-1865, with the passcode 29269. A live audio webcast of the call and related earnings materials will be available on the investor section of CrossAmerica's website. The webcast archive will remain accessible for 60 days after the call.

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CrossAmerica Partners LP reported a Net Loss of $17.5 million in Q1 2024, with Adjusted EBITDA of $23.6 million and Distributable Cash Flow of $11.7 million. The Gross Profit for Wholesale Segment decreased, while the Retail Segment saw an increase. Leverage increased to 4.49 times. The Distribution Coverage Ratio declined to 1.37 times. The company converted Applegreen lessee dealer locations to company operated sites. Quarterly distribution declared at $0.5250 per unit.

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CrossAmerica Partners LP (NYSE: CAPL) has announced a quarterly distribution of $0.5250 per unit for the first quarter of 2024, totaling $2.10 per unit annually. The distribution will be paid on May 10, 2024, to unitholders of record on May 3, 2024. A conference call to discuss first quarter 2024 earnings results will be held on May 9th.
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CrossAmerica Partners LP (NYSE: CAPL) will release its first quarter 2024 earnings results on May 8, 2024. A conference call will follow on May 9 at 9:00 a.m. Eastern Time. Investors can access the call through the provided numbers and webcast link on the company's website.
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CrossAmerica Partners LP (CAPL) filed its 2023 Annual Report on Form 10-K for the fiscal year ending December 31, 2023, with the SEC. The report includes audited financial statements and can be accessed on the company's website or the SEC's website. Unitholders can request a printed copy through the provided channels.
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CrossAmerica Partners LP reported solid financial results for the fourth quarter and full year of 2023. The company achieved a net income of $16.7 million in Q4 2023, with Adjusted EBITDA of $47.6 million and Distributable Cash Flow of $35.8 million. However, the full year 2023 saw a decline in Net Income, Adjusted EBITDA, Distributable Cash Flow, and Distribution Coverage Ratio compared to 2022. The Wholesale Segment saw a 1% increase in gross profit in Q4 2023, driven by improved fuel margins. The Retail Segment experienced a 14% increase in gross profit in Q4 2023, attributed to higher fuel and merchandise gross profit. CrossAmerica also announced a quarterly distribution of $0.5250 per limited partner unit for Q4 2023.
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Kayne Energy Infrastructure (KEI) announced the return of Eric Javidi and Harrison Little to the firm in senior leadership roles. With over $4 billion in assets, KEI focuses on the energy infrastructure sector, including traditional and renewable infrastructure. Javidi will join as Managing Partner and Co-head of KEI, while Little will serve as Deputy Co-head of KEI and Director of Research. The move is aimed at capitalizing on the compelling investment environment for energy infrastructure, leveraging the experience of Javidi and Little in traditional energy and energy transition.
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CrossAmerica Partners LP (CAPL) maintains a quarterly distribution of $0.5250 per unit for the fourth quarter of 2023, with an annualized total of $2.10 per unit. The distribution will be payable on February 9, 2024, to all unitholders of record on February 2, 2024. The company will also host a conference call on February 27th to discuss fourth quarter and full year 2023 earnings results.
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CrossAmerica Partners LP (NYSE: CAPL) will release its fourth quarter and full year 2023 earnings results on February 26, 2024. Management will host a conference call on February 27 at 9:00 a.m. Eastern Time. An audio webcast and related earnings materials will be available on the investor section of the CrossAmerica website.
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CAPL CrossAmerica Partners LP Reports Third Quarter 2023 Results with Net Income of $12.3M, Adjusted EBITDA of $44.2M and Distributable Cash Flow of $31.4M
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FAQ

What is the current stock price of Crossamerica Partners Lp (CAPL)?

The current stock price of Crossamerica Partners Lp (CAPL) is $23.3 as of March 7, 2025.

What is the market cap of Crossamerica Partners Lp (CAPL)?

The market cap of Crossamerica Partners Lp (CAPL) is approximately 887.6M.

What is the core business of CrossAmerica Partners LP?

CrossAmerica Partners LP specializes in wholesale distribution of motor fuels and the ownership and leasing of real estate used for retail fuel distribution. The company effectively operates across both wholesale and retail segments to serve a wide network of customers.

How does CrossAmerica generate revenue?

The company primarily generates revenue through its wholesale distribution of motor fuels and its retail operations, which include fuel sales and convenience merchandise. Additionally, income is derived from leasing and managing strategically located retail sites.

What are the main business segments of the company?

CrossAmerica operates mainly in two segments: the wholesale segment, focused on distributing fuel to dealers and sub-wholesalers, and the retail segment, which includes direct fuel sales and merchandise at company-operated or commission agent sites.

How important are strategic partnerships to CrossAmerica?

Strategic partnerships with major oil brands are fundamental to CrossAmerica’s business model. These robust relationships allow the company to maintain a reliable supply chain and serve as one of the largest distributors by fuel volume in its market.

What role does real estate play in the company’s operations?

Real estate is a critical asset for CrossAmerica Partners LP. The company owns and leases key sites that are used for retail fuel distribution, which not only supports its operational model but also provides long-term revenue stability through controlled location assets.

How does the conversion of lessee dealer sites affect operations?

The conversion of lessee dealer sites to company-operated or commission agent sites is a strategic move to enhance operational efficiency and maintain service quality. This approach allows the company to adapt to market changes while ensuring robust fuel and merchandise sales.

How does CrossAmerica differentiate itself from competitors?

By combining extensive wholesale distribution capabilities with strategic real estate management, CrossAmerica provides a comprehensive service model. Its well-established partnerships with top oil brands and a dynamic conversion strategy for site operations further distinguish it from competitors.
Crossamerica Partners Lp

NYSE:CAPL

CAPL Rankings

CAPL Stock Data

887.55M
17.81M
53.12%
23.94%
0.36%
Oil & Gas Refining & Marketing
Wholesale-petroleum & Petroleum Products (no Bulk Stations)
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United States
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