Welcome to our dedicated page for CrossAmerica Partners LP Common units representing partner interests news (Ticker: CAPL), a resource for investors and traders seeking the latest updates and insights on CrossAmerica Partners LP Common units representing partner interests stock.
CrossAmerica Partners LP (NYSE: CAPL) is a leading wholesale distributor of motor fuels and an owner and lessor of real estate used in the retail distribution of motor fuels. Formed in 2012, the company operates through two primary segments: Wholesale and Retail.
In the Wholesale segment, CrossAmerica distributes branded and unbranded petroleum to approximately 1,700 locations across 34 states in the United States. It maintains strong relationships with several major oil brands, including ExxonMobil, BP, Shell, Sunoco, Valero, Gulf, Citgo, Marathon, and Phillips 66. The company is recognized as one of ExxonMobil's largest distributors by fuel volume in the United States.
The Retail segment involves operating convenience stores and selling motor fuel directly at retail sites. CrossAmerica's retail operations also include selling convenience merchandise items at company-operated sites and those managed by commission agents.
In recent achievements, CrossAmerica has continued to expand its operations, including the acquisition of assets from Applegreen Midwest, LLC and Applegreen Florida, LLC at 59 locations. This expansion has strengthened its footprint and operational scale. Financially, the company has experienced fluctuations, reporting declines in net income and Adjusted EBITDA for the third quarter of 2023 compared to the previous year, primarily due to lower motor fuel margins and increased interest expenses.
Despite these challenges, CrossAmerica has demonstrated resilience through strategic initiatives such as brand consolidation and better sourcing costs. The company also reported an increase in merchandise gross profit and improved performance in fuel gross profit in both the wholesale and retail segments for the fourth quarter of 2023.
For more detailed financial information and updates, CrossAmerica Partners regularly releases quarterly and annual financial results, with conference calls hosted by management. Investors and interested parties can access these resources via the company's investor relations section on their website.
For additional information, please visit www.crossamericapartners.com.
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.
CrossAmerica Partners LP (NYSE: CAPL) reported its Q2 2020 financial results, highlighting an operating income of $6.3 million and net income of $5.2 million, down from $13.9 million and $6.4 million in Q2 2019, respectively. Adjusted EBITDA remained stable at $27.7 million.
The Wholesale segment saw gross profit surge to $40.7 million, up 22% year over year, while retail gross profit increased 73% to $3.3 million. The distribution coverage ratio improved to 1.31 times. Despite COVID-19 challenges, the partnership's strategic acquisitions and asset exchanges bolstered its financial position.
CrossAmerica Partners LP has announced a quarterly distribution of $0.5250 per unit for the second quarter of 2020, amounting to an annualized rate of $2.10 per unit. This distribution will be paid on August 11, 2020 to unitholders of record as of August 4, 2020. The company is scheduled to host a conference call on August 7 to discuss its second quarter earnings results, which will be released on August 6.
CrossAmerica Partners is a major wholesale distributor of motor fuels in the U.S., operating approximately 1,700 locations across 34 states.
CrossAmerica Partners LP (NYSE: CAPL) will release its Q2 2020 earnings results on August 6, 2020, following market closure. A conference call to discuss the results will take place on August 7 at 9:00 a.m. Eastern Time. Investors can connect via phone or listen to a live audio webcast on the company's website. CrossAmerica operates in the wholesale distribution of motor fuels, serving approximately 1,700 locations across 33 states, and is a key distributor for major oil brands.
CrossAmerica Partners LP (CAPL) reported strong first-quarter 2020 results, with operating income rising to $77.4 million and net income at $72.1 million, up from $7.6 million and $0.2 million in Q1 2019, respectively. A major factor was a $70.9 million gain from selling a 17.5% stake in CST Fuel Supply. Adjusted EBITDA grew to $25.3 million from $21.4 million, while the Distribution Coverage Ratio improved to 1.08 from 0.73 year-over-year. However, guidance for 2020 has been withdrawn due to uncertainties from the COVID-19 pandemic.
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