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 reports developments for a publicly traded limited partnership that distributes branded and unbranded motor fuel, operates convenience stores, and owns or leases real estate used in retail fuel distribution. The Partnership's updates focus on Wholesale and Retail segment performance, motor fuel margins, merchandise gross profit, leverage, distributable cash flow, and distribution coverage.
Recurring announcements also cover quarterly cash distributions on CAPL common units, earnings-call schedules, annual-report filings, and governance changes at CrossAmerica GP LLC. Company materials describe a fuel-distribution footprint across 34 states with relationships across major oil brands including ExxonMobil, BP, Shell, Marathon, Valero, and Phillips 66.
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 However, guidance for 2020 has been withdrawn due to uncertainties from the COVID-19 pandemic.