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.
CrossAmerica Partners LP (CAPL) maintains a leading position in wholesale motor fuel distribution and retail site management. This news hub provides investors and industry observers with centralized access to official updates, strategic developments, and operational changes impacting this essential energy infrastructure partner.
Key resources include earnings announcements, partnership expansions, real estate portfolio updates, and market positioning shifts. Track the company's dual-segment strategy through verified reports on wholesale distribution networks and retail site conversions that drive its unique business model.
Users will find timely updates on CrossAmerica's relationships with major oil brands, geographic expansion efforts, and operational adjustments responding to fuel market dynamics. The curated news selection enables efficient monitoring of factors influencing long-term stability and growth in this critical supply chain sector.
Bookmark this page for direct access to CrossAmerica's latest press releases and third-party analyses. Regular updates ensure stakeholders maintain current awareness of developments affecting one of America's largest independent fuel distributors and strategic real estate lessors.
CrossAmerica Partners LP reported strong fourth-quarter and full-year 2021 results, achieving an operating income of $16.2 million and a net income of $12.0 million, up from $8.1 million and $9.0 million, respectively, in Q4 2020. Fourth-quarter Adjusted EBITDA reached a record $37.0 million, a 51% increase year-over-year. Significant growth was noted in gross profit across both wholesale (34% increase) and retail (64% increase) segments. The partnership declared a quarterly distribution of $0.5250 per unit for Q4 2021, marking a distribution coverage ratio of 1.56 times.
CrossAmerica Partners LP has announced a quarterly distribution of $0.5250 per unit for the fourth quarter of 2021.
This equates to an annualized rate of $2.10 per unit and will be payable on February 10, 2022, to unitholders of record as of February 3, 2022.
A conference call is scheduled for March 1, 2022, at 9:00 a.m. ET to discuss the fourth quarter and year-end earnings results, which will be released on February 28, 2022.
CrossAmerica Partners (NYSE: CAPL) will release its fourth quarter/year-end 2021 earnings results on February 28, 2022, post market closure. A live conference call is scheduled for March 1 at 9:00 a.m. ET. Investors can access the call via phone at 800-774-6070 or 630-691-2753 using passcode 8674133#. A webcast of the call and related earnings materials will also be available on CrossAmerica's website. The company operates as a wholesale distributor of motor fuels, serving approximately 1,800 locations across 34 states.
CrossAmerica Partners LP (CAPL) announced its third quarter 2021 financial results, reporting an operating income of $12.6 million and a net income of $8.9 million. This marks a decrease from $23.7 million and $21.2 million in Q3 2020, respectively. However, Adjusted EBITDA increased by 20% to $35.9 million, and Distributable Cash Flow rose to $30.4 million, demonstrating growth in operational performance despite challenges. The company distributed approximately 354.6 million gallons of fuel, showing an 8% increase in volume. Additionally, CrossAmerica closed on 98 properties from 7-Eleven, enhancing its retail footprint.
CrossAmerica Partners LP announced a quarterly distribution of $0.5250 per unit for Q3 2021, maintaining an annualized rate of $2.10 per unit. This distribution is payable on November 10, 2021, to unitholders of record as of November 3, 2021. The partnership, a key player in fuel distribution with operations in 34 states and relationships with major oil brands, will host a call on November 9 to discuss Q2 earnings results, which will be released on November 8.
CrossAmerica Partners LP (NYSE: CAPL) announced it will report its third quarter 2021 earnings on November 8, 2021, after market close. A conference call will follow on November 9 at 9:00 a.m. ET, providing insights into the financial performance and metrics of the company. The call can be accessed via toll-free numbers or a live audio webcast available on the CrossAmerica website. The company is a significant player in the wholesale distribution of motor fuels in the U.S.
CrossAmerica Partners LP (CAPL) reported its second quarter 2021 results, showing operating income of $8.2 million and net income of $4.8 million, compared to $6.3 million and $5.2 million in Q2 2020. Adjusted EBITDA increased by 7% to $29.7 million. Gross profit for the wholesale segment was $44.2 million, marking a 9% rise, while retail gross profit also increased by 32% to $21.1 million. The company began its $263 million acquisition of 106 convenience stores from 7-Eleven. The Board appointed Maura Topper as the new CFO, effective August 11, 2021.
CrossAmerica Partners LP announced a quarterly distribution of $0.5250 per unit for the second quarter of 2021, which is annualized to $2.10 per unit. This distribution is payable on August 10, 2021 to unitholders of record as of August 3, 2021. A conference call is scheduled for August 10 at 9:00 a.m. ET to discuss the earnings results, which will be released after the market closes on August 9.
CrossAmerica Partners LP (NYSE: CAPL) will release its second quarter 2021 earnings results after the market closes on August 9, 2021. A conference call will follow on August 10, 2021 at 9:00 a.m. ET. Interested parties can join the call by dialing 800-774-6070 or 630-691-2753 (passcode: 8674133#). A live audio webcast will also be available on the company’s investor website, along with materials including reconciliations of non-GAAP to GAAP measures. CrossAmerica is a significant fuel distributor in the U.S., operating across 34 states.
On May 17, 2021, CrossAmerica Partners (NYSE: CAPL) announced that its President and CEO, Charles Nifong, will participate in a fireside chat at the Energy Infrastructure Council (EIC) Investor Conference in Las Vegas on May 19, 2021, at 5:45 p.m. ET. The session will be available live via audio webcast on their investor website.
CrossAmerica Partners is a prominent distributor of motor fuels and operates convenience stores across 34 states, serving around 1,700 locations. It has strong ties with major oil brands like ExxonMobil and BP.
