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.
Overview of CrossAmerica Partners LP
CrossAmerica Partners LP (NYSE: CAPL) is a prominent player in the U.S. fuel distribution and convenience retail industry, specializing in the wholesale distribution of motor fuels and the ownership and leasing of real estate used for retail fuel distribution. Established in 2012, the company has cultivated a robust presence across 29 to 34 states, distributing branded and unbranded petroleum products to approximately 1,200 to 1,600 locations and managing a portfolio of around 900 to 1,100 real estate sites. CrossAmerica's operations are underpinned by strong partnerships with leading oil brands such as ExxonMobil, BP, Shell, Chevron, Marathon, Valero, and Phillips 66, positioning it as one of ExxonMobil’s largest distributors by fuel volume in the United States.
Business Segments
Wholesale Segment
The Wholesale segment serves as the cornerstone of CrossAmerica’s business model, focusing on the distribution of motor fuels to lessee dealers, independent dealers, commission agents, and its own retail sites. This segment also generates revenue through leasing real estate to dealers and commission agents, creating a diversified income stream. By maintaining long-term relationships with major oil brands, CAPL ensures a steady supply of high-quality fuel products to its customers.
Retail Segment
The Retail segment complements the Wholesale operations by managing company-operated retail sites. This includes the sale of motor fuels directly to consumers and the operation of convenience stores offering a range of merchandise. The retail segment has grown significantly through strategic site conversions, transitioning lessee dealer and commission agent locations into company-operated sites. This vertical integration allows CAPL to capture additional value across the supply chain.
Market Position and Competitive Landscape
CrossAmerica Partners holds a unique position in the fuel distribution market, leveraging its dual focus on wholesale and retail operations. Its extensive geographic footprint and established relationships with major oil brands provide a competitive edge. However, the company operates in a highly competitive and price-sensitive industry, facing challenges from other fuel distributors and vertically integrated convenience store chains. CAPL differentiates itself through its hybrid business model, which combines fuel distribution with real estate management, offering both operational and financial flexibility.
Strategic Initiatives and Challenges
CAPL has undertaken several strategic initiatives to optimize its operations, including the conversion of lessee dealer and commission agent sites to company-operated locations. These conversions aim to enhance profitability but also involve increased operating expenses and capital investments. Additionally, the company engages in real estate rationalization efforts to streamline its portfolio and maximize asset utilization. Market volatility, particularly fluctuations in crude oil prices, poses a challenge to both the wholesale and retail segments, impacting fuel margins and profitability.
Key Differentiators
- Extensive Geographic Reach: Operations spanning 29-34 states ensure a broad market presence.
- Strong Brand Partnerships: Long-standing relationships with major oil brands like ExxonMobil and Shell.
- Hybrid Business Model: Integration of fuel distribution with real estate management for diversified revenue streams.
- Focus on Vertical Integration: Strategic site conversions to company-operated locations for enhanced control and profitability.
Conclusion
CrossAmerica Partners LP exemplifies a well-rounded business model that combines fuel distribution expertise with strategic real estate management. Its dual focus on Wholesale and Retail segments enables it to adapt to market dynamics while maintaining strong relationships with major oil brands. As a key player in the U.S. motor fuel supply chain, CAPL continues to navigate industry challenges and leverage opportunities for growth and operational efficiency.
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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