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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 (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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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CrossAmerica Partners LP (NYSE: CAPL) reported a first-quarter 2021 operating loss of $0.9 million and a net loss of $4.0 million, a stark contrast to the $77.4 million operating income and $72.1 million net income achieved in Q1 2020, which included a $70.9 million gain from asset sales. Adjusted EBITDA declined to $20.7 million, down 18% year-over-year. The company distributed 291.8 million gallons of fuel, reflecting a 32% volume increase but a 19% decrease in gross margin per gallon. CrossAmerica announced plans to acquire 106 convenience store locations for $263 million, expected to enhance future cash flow.

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CrossAmerica Partners LP (CAPL) announced a definitive agreement to acquire 106 convenience store locations from 7-Eleven, Inc. for $263 million. This acquisition aims to enhance CrossAmerica's retail operations and increase scale within its existing asset base. The sites, primarily operating under the Speedway brand, recorded 160 million gallons of fuel sales and $134 million in merchandise sales over the past year. The transaction is expected to be immediately accretive to distributable cash flow and will be financed through existing credit facilities and cash. Closing is contingent on regulatory approvals.

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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 $22.38 as of April 4, 2025.

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

The market cap of Crossamerica Partners Lp (CAPL) is approximately 913.2M.

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

913.20M
18.09M
52.46%
23.78%
0.28%
Oil & Gas Refining & Marketing
Wholesale-petroleum & Petroleum Products (no Bulk Stations)
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United States
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