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 announced a quarterly distribution of $0.5250 per unit for the first quarter of 2021, representing an annualized amount of $2.10 per unit. The distribution will be payable on May 11, 2021, to unitholders of record on May 4, 2021. Additionally, a conference call is scheduled for May 11 at 9:00 a.m. ET to discuss first quarter earnings, which will be released on May 10. CrossAmerica Partners, a major distributor of motor fuels, operates in 34 states and has partnerships with several leading oil brands.
CrossAmerica Partners LP announced it will release its first quarter 2021 earnings results on May 10, 2021, after market close. Following this, management will host a conference call on May 11 at 9:00 a.m. ET, accessible via phone or live audio webcast. Investors can find earnings materials and a recording of the call on the company’s investor website. CrossAmerica Partners is a significant player in the wholesale motor fuel distribution sector, with operations in 34 states and relationships with several major oil brands.
CrossAmerica Partners LP (NYSE: CAPL) has filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2020, with the SEC. This document, which includes audited financial statements, is accessible on the Partnership's website and the SEC's site. CrossAmerica Partners is a prominent wholesale distributor of motor fuels and operates convenience stores across the U.S., with a footprint in 34 states and relationships with major oil brands such as ExxonMobil and BP. Unitholders can request a printed copy of the report through the company's investor relations.
CrossAmerica Partners LP (NYSE: CAPL) reported its fourth quarter and full-year 2020 financial results, showing a net income of $9.0 million compared to $4.3 million in Q4 2019, and a full-year net income increase to $107.5 million from $18.1 million in 2019. Fourth quarter operating income was $8.1 million, down from $9.4 million in the previous year. The Wholesale segment gross profit rose 13% to $36.8 million, while the Retail segment achieved a gross profit of $5.5 million. The Distribution Coverage Ratio improved to 1.32 times from 1.04 times year-over-year.
CrossAmerica Partners LP (NYSE: CAPL) has announced a quarterly distribution of $0.5250 per unit for the fourth quarter of 2020, resulting in an annualized rate of $2.10 per unit. The distribution is payable on February 9, 2021, to unitholders of record on February 2, 2021. The company will hold a conference call on March 2nd to discuss year-end earnings, which will be released after market close on March 1. CrossAmerica Partners ranks as one of ExxonMobil’s largest distributors, operating in 34 states with approximately 1,700 locations.
CrossAmerica Partners (NYSE: CAPL) has announced a quarterly distribution of $0.5250 per unit for Q4 2020. The partnership will release its year-end and fourth quarter earnings on March 1, 2021, after market close. A conference call is scheduled for March 2, 2021, at 9:00 a.m. ET. The company is a prominent distributor of motor fuels, serving approximately 1,700 locations across 34 states and ranking among the largest distributors for major oil brands such as ExxonMobil and BP.
CrossAmerica Partners LP (NYSE: CAPL) will announce its year-end and fourth quarter 2020 earnings results on March 1, 2021, post-market close. A conference call will follow on March 2, 2021, at 9:00 a.m. ET, accessible via phone or a live audio webcast. The company is a major player in the wholesale distribution of motor fuels, operating across 34 states and partnering with major oil brands like ExxonMobil and BP. More information will be available on their investor website after the release.
CrossAmerica Partners LP (NYSE: CAPL) reported a robust performance for Q3 2020, achieving operating income of $23.7 million and net income of $21.2 million, significantly up from $12.3 million and $7.2 million in Q3 2019. Adjusted EBITDA rose to $30.0 million, while distributable cash flow increased to $29.7 million. The wholesale segment gross profit reached $42.8 million, an 18% year-over-year increase. The appointment of Eric Javidi as CFO is also a key highlight, bringing extensive financial expertise. The partnership declared a quarterly distribution of $0.5250 per unit, payable on November 10, 2020.
CrossAmerica Partners LP announced a quarterly distribution of $0.5250 per unit for the third quarter of 2020, amounting to an annualized rate of $2.10 per unit. This distribution is payable on November 10, 2020, to unitholders of record as of November 3, 2020. The company will release its third quarter earnings results on November 4, 2020, and host a related conference call on November 5, 2020, at 9:00 a.m. Eastern Time. CrossAmerica is a major wholesale distributor of motor fuels, operating in all 34 states in the U.S.
CrossAmerica Partners LP (NYSE: CAPL) announced it will release its Q3 2020 earnings on November 4, after market closure. A conference call will follow on November 5 at 9:00 a.m. ET, with numbers provided for participants. The earnings materials, including any reconciliations of non-GAAP to GAAP financial measures, will be available on the company's investor site the same day. CrossAmerica is a major motor fuel distributor with a footprint across 34 states, operating approximately 1,700 locations and leasing around 1,100 sites.
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