CAPL Research | Milton Maxwell

CAPL

CrossAmerica Partners LP

20.68

-0.08-0.39%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

2/25/26Feb 25, 2026

Key Stats

Market Cap

788.33M

P/E (TTM)

17.38

Basic EPS (TTM)

1.19

Dividend Yield

0.1%

Recent Filings

8-K

CEO transition announced

3/2/26Mar 2, 2026

CrossAmerica Partners appointed Maura Topper as President and CEO of its general partner on March 2, 2026, succeeding Charles Nifong, who shifts to an affiliate after six years steering retail pivots and major deals. Jonathan Benfield steps in as interim CFO. Topper's base salary rises to $500,000. Leadership stays in Topper family orbit.

10-K

FY2025 results

2/25/26Feb 25, 2026

CrossAmerica Partners delivered FY2025 operating income of $97.6M, up 38% y/y, as retail margins expanded to $0.39/gallon (derived) amid lessee-to-company conversions while wholesale volumes fell 7% from divestitures. Q4 momentum shone through $45.9M gains on 107 site sales, fueling $75M debt paydown and cutting interest 8% y/y; retail gross profit climbed 4% on 5% better margins despite 2% volume dip. Free cash flow covered 1.10x distributions at $2.10/unit. Debt sits at $692M with $228M revolver room. Volatility in crude oil and wholesale motor fuel costs threatens margins.

8-K

Q4 EBITDA jumps 22%

2/25/26Feb 25, 2026

CrossAmerica reported Q4 2025 net income of $10.2M, Adjusted EBITDA of $43.4M, and distributable cash flow of $28.5M, up from prior year despite lower gains on dispositions. Full-year Adjusted EBITDA hit $146.0M with leverage dropping to 3.51x after divesting 107 sites for $103.3M, fueling debt reduction. Retail margins soared 19%. Balance sheet strengthened.

8-K

Maintains Q4 distribution at $0.5250

1/21/26Jan 21, 2026

CrossAmerica Partners LP held its quarterly distribution steady at $0.5250 per unit for Q4 2025, annualizing to $2.10 per unit—same as Q3. Payable February 12 to holders of record February 2. Earnings call set for February 26. Steady payout signals distribution stability amid fuel market flux.

8-K

Q3 net income rises on sales

11/5/25Nov 5, 2025

CrossAmerica reported Q3 net income of $13.6M, up from $10.7M, boosted by $7.4M asset sale gains and lower interest expense, yet Adjusted EBITDA dipped to $41.3M from $43.9M on fuel profit declines. Leverage improved to 3.56x; board held distribution at $0.5250/unit with 1.39x coverage. Asset sales trimmed debt.

About

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, and company operated retail sites. The Retail segment is involved in the sale of convenience merchandise; and retail sale of motor fuels at company operated retail sites and retail sites operated by commission agents. CrossAmerica GP LLC operates as the general partner of the company. The company was formerly known as Lehigh Gas Partners LP and changed its name to CrossAmerica Partners LP in October 2014. The company was founded in 1992 and is based in Allentown, Pennsylvania.

CEO

Mr. Charles M. Nifong Jr.

IPO

10/25/2012

Website

https://www.crossamericapartners.com

Sector

Energy

Industry

Oil & Gas Refining & Marketing