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 (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.
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.
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.
