CrossAmerica Partners Files 2025 Annual Report on Form 10-K

Rhea-AI Summary

CrossAmerica Partners (NYSE: CAPL) filed its 2025 Annual Report on Form 10-K for the fiscal year ended December 31, 2025 with the SEC on February 25, 2026. The report includes the Partnership's audited financial statements and is available on the Partnership website and the SEC's EDGAR system.

Unitholders may request a printed copy via the Partnership's information request portal or by contacting investor relations at 610-625-8000.

Key Figures

2025 wholesale revenue: $1,568 million 2025 retail revenue: $2,095 million 2025 net income: $41.8 million +5 more

8 metrics

2025 wholesale revenue $1,568 million Wholesale segment revenues in 2025 (10-K summary)

2025 retail revenue $2,095 million Retail segment revenues in 2025 (10-K summary)

2025 net income $41.8 million Full-year 2025 vs $22.5 million in 2024 (8-K)

2025 Adjusted EBITDA $146.0 million Full-year 2025 vs $145.5 million in 2024 (8-K)

2025 Distributable Cash Flow $87.8 million Full-year 2025 vs $86.0 million in 2024 (8-K)

Properties sold 2025 107 properties for $103.3 million Real estate optimization program proceeds (8-K)

Leverage ratio 3.51x vs 4.36x Leverage at Dec 31, 2025 vs prior year (8-K)

Quarterly distribution $0.5250 per unit Cash distribution level maintained for Q4 2025 (8-K)

Market Reality Check

Price: $19.78 Vol: Volume 354,837 is about 6...

high vol

$19.78 Last Close

Volume Volume 354,837 is about 6x the 20-day average of 59,286, indicating elevated trading interest into the 10-K filing. high

Technical Shares at $19.78 are trading below the 200-day MA of $21.15 and sit close to the 52-week low of $19.61.

Peers on Argus

CAPL fell 2.47% while sector peers were mixed: CLNE -5.91%, DK -2.04%, PARR +4.9...

CAPL fell 2.47% while sector peers were mixed: CLNE -5.91%, DK -2.04%, PARR +4.97%, SGU -0.38%, WKC +0.75%, pointing to a stock-specific move around the 10-K.

Historical Context

5 past events · Latest: Jan 21 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 21	Distribution maintained	Positive	+1.3%	Maintained Q4 2025 quarterly distribution of $0.5250 per unit.
Jan 16	Earnings date set	Neutral	+1.4%	Announced timing for Q4 and full-year 2025 earnings release and call.
Nov 05	Q3 2025 earnings	Positive	+2.5%	Reported Q3 2025 net income, EBITDA, and asset sale gains with better leverage.
Oct 22	Distribution declared	Positive	+2.2%	Declared Q3 2025 distribution of $0.5250 per unit, unchanged and annualized at $2.10.
Oct 17	Earnings date set	Neutral	+0.6%	Outlined schedule and access details for Q3 2025 earnings call and webcast.

Pattern Detected

Recent distribution and earnings-related announcements have generally seen modest positive price reactions, suggesting investors have responded constructively to cash flow and results updates.

Recent Company History

Over the last few quarters, CrossAmerica Partners has emphasized stable distributions and steady operating performance. It maintained a quarterly cash distribution of $0.5250 per unit (annualized $2.10) across multiple announcements and steadily communicated earnings dates and results. Q3 2025 results highlighted net income of $13.6M and adjusted EBITDA of $41.3M, with improved leverage. Each of these news items produced small positive price moves, framing today’s Form 10-K filing as another installment in an ongoing pattern of detailed financial disclosure.

Market Pulse Summary

This announcement centers on CrossAmerica Partners filing its Form 10-K for the year ended December ...

Analysis

This announcement centers on CrossAmerica Partners filing its Form 10-K for the year ended December 31, 2025, alongside recent filings detailing net income of $41.8 million, Adjusted EBITDA of $146.0 million, and a full-year distribution coverage ratio of 1.10x. The disclosures also describe real estate optimization proceeds of $103.3 million and leverage reduced to 3.51x. Investors may focus on segment performance, margin sustainability, and ongoing distribution levels in upcoming periods.

Key Terms

form 10-k, u.s. securities and exchange commission, 10-k, 8-k, +3 more

7 terms

form 10-k regulatory

"has filed its Annual Report on Form 10-K for the fiscal year ended"

A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

u.s. securities and exchange commission regulatory

"for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission (SEC)."

The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.

10-k regulatory

"[10-K] CrossAmerica Partners LP Files Annual Report"

A 10-K is a comprehensive annual report a public company files with the U.S. Securities and Exchange Commission that summarizes its business, financial results, risks, legal issues, and management discussion. Investors use it like a company’s detailed yearly report card and instruction manual — it helps reveal how the company makes money, where it might face trouble, and the underlying numbers that support valuation and investment decisions.

8-k regulatory

"[8-K] CrossAmerica Partners LP Reports Material Event"

An 8-K is a public report companies must file with the U.S. Securities and Exchange Commission to disclose major events or changes that shareholders should know about, such as leadership changes, mergers, financial surprises, or legal developments. It matters to investors because it acts like a breaking-news alert for a company’s health and prospects—providing timely facts that can affect stock value and investment decisions.

adjusted ebitda financial

"Adjusted EBITDA held essentially flat at $146.0 million versus $145.5 million,"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

distributable cash flow financial

"while Distributable Cash Flow edged up to $87.8 million from $86.0 million."

Distributable cash flow is the amount of money a business generates from its operations that management considers available to pay dividends, buy back shares, or make other distributions to owners after setting aside what’s needed to keep the business running and meet routine obligations. Investors care because it shows how much real cash can be returned to them—like a household’s leftover paycheck after paying rent and groceries—and helps judge whether payouts are sustainable and backed by operations rather than accounting entries.

distribution coverage ratio financial

"full-year distribution coverage ratio increased to 1.10x."

Distribution coverage ratio measures how comfortably a company’s available cash can pay the regular cash payouts it promises to investors. It compares the cash a business generates for owners (after routine operating expenses) with the total distributions it must pay, like checking whether your monthly paycheck covers rent; a higher ratio means payouts are safer and less likely to be cut. Investors use it to judge dividend sustainability and risk.

AI-generated analysis. Not financial advice.

Allentown, PA, Feb. 26, 2026 (GLOBE NEWSWIRE) -- CrossAmerica Partners Files 2025 Annual Report on Form 10-K

ALLENTOWN, PA, February 26, 2026 – CrossAmerica Partners LP (NYSE: CAPL) on February 25, 2026, has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission (SEC). The filing can be viewed through a link on the Partnership's website at www.crossamericapartners.com or on the SEC's website at www.sec.gov.

The Partnership's unitholders may request a printed copy of the report, which contains the Partnership's audited financial statements. Requests should be submitted at https://caplp.gcs-web.com/information-request or by contacting investor relations at 610-625-8000.

About CrossAmerica Partners LP

CrossAmerica Partners is a leading wholesale distributor of motor fuels, convenience store operator and owner and lessor of real estate used in the retail distribution of motor fuels. Its general partner, CrossAmerica GP LLC, is indirectly owned and controlled by entities affiliated with Joseph V. Topper, Jr., the founder of CrossAmerica Partners and a member of the board of the general partner since 2012.  Formed in 2012, CrossAmerica Partners LP is a distributor of branded and unbranded petroleum for motor vehicles in the United States and distributes fuel to approximately 1,600 locations and owns or leases approximately 1,000 sites. With a geographic footprint covering 34 states, the Partnership has well-established relationships with several major oil brands, including ExxonMobil, BP, Shell, Marathon, Valero, Phillips 66 and other major brands. CrossAmerica Partners ranks as one of ExxonMobil's largest distributors by fuel volume in the United States and in the top 10 for additional brands. For additional information, please visit www.crossamericapartners.com.

Contacts

Investors:
Randy Palmer, rpalmer@caplp.com, 610-625-8000

FAQ

When did CrossAmerica Partners (CAPL) file its 2025 Form 10-K and what period does it cover?

CrossAmerica Partners filed the 2025 Form 10-K on February 25, 2026 covering fiscal year ended December 31, 2025. According to the company, the filing includes audited financial statements and the full annual disclosure for that fiscal year.

Where can investors access the CAPL 2025 Annual Report on Form 10-K?

Investors can view the 2025 Form 10-K on the Partnership website or the SEC EDGAR system. According to the company, links are available at www.crossamericapartners.com and on www.sec.gov for direct access to the filing.

How can CAPL unitholders request a printed copy of the 2025 Form 10-K?

Unitholders may request a printed copy via the online information request portal or by calling investor relations. According to the company, requests go through https://caplp.gcs-web.com/information-request or 610-625-8000.

Does the CAPL 2025 Form 10-K include audited financial statements?

Yes, the 2025 Form 10-K contains the Partnership's audited financial statements. According to the company, the audited statements are included in the annual report filed with the SEC for fiscal year 2025.

Will the CAPL Form 10-K filing affect investor communications or where to find corporate disclosures?

The filing centralizes 2025 disclosures and keeps routine investor access unchanged. According to the company, the report is posted online and printed copies are available on request for unitholders.