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 (NYSE: CAPL) has scheduled its fourth quarter and full year 2024 earnings release for Wednesday, February 26, 2025, after market close. The company will host a conference call on Thursday, February 27, at 9:00 a.m. Eastern Time to discuss the results.
Investors can access the conference call via phone at 800-717-1738 or 646-307-1865 using passcode 43042. A live audio webcast and related earnings materials, including GAAP to non-GAAP reconciliations, will be available on the investor section of CrossAmerica's website. The webcast archive will be accessible for 60 days following the call.
CrossAmerica Partners LP (NYSE: CAPL) reported Q3 2024 financial results with net income of $10.7 million, down from $12.3 million in Q3 2023. Adjusted EBITDA was $43.9 million, slightly down from $44.2 million year-over-year. The retail segment showed strong performance with gross profit increasing 24% to $83.6 million, while wholesale segment gross profit declined 16% to $27.6 million. The company maintained a distribution coverage ratio of 1.26x and reduced leverage to 4.21x. The Board declared a quarterly distribution of $0.5250 per unit.
CrossAmerica Partners LP (NYSE: CAPL) has announced the maintenance of its quarterly distribution at $0.5250 per unit for the third quarter of 2024, equivalent to an annualized distribution of $2.10 per unit. The distribution will be paid on November 13, 2024, to unitholders of record as of November 4, 2024. The company will discuss its Q3 2024 earnings results in a conference call scheduled for November 7th at 9:00 a.m. Eastern Time, following the earnings release after market close on November 6.
CrossAmerica Partners LP (NYSE: CAPL) has announced it will release its third quarter 2024 earnings results after market close on Wednesday, November 6, 2024. The company will host a conference call on Thursday, November 7, at 9:00 a.m. Eastern Time to discuss the results. Investors can join the call using the numbers 800-717-1738 or 646-307-1865 with passcode 264936.
A live audio webcast of the conference call and related earnings materials, including reconciliations of non-GAAP to GAAP financial measures, will be available on the investor section of CrossAmerica's website. The webcast archive will be accessible for sixty days after the call.
CrossAmerica Partners LP (NYSE: CAPL) has rescheduled its second quarter 2024 earnings call and webcast due to technical difficulties. The new date is set for Friday, August 9, at 9:00 a.m. Eastern Time. Investors can join the conference call using the numbers 800-717-1738 or 646-307-1865 with the passcode 29269. A live audio webcast will be available on the investor section of the CrossAmerica website, along with related earnings materials including reconciliations of non-GAAP to GAAP financial measures. The webcast archive will be accessible for 60 days after the call.
CrossAmerica Partners LP (NYSE: CAPL) reported Q2 2024 financial results. Net income was $12.4M, down from $14.5M in Q2 2023. Adjusted EBITDA increased slightly to $42.6M from $42.2M. Distributable cash flow dropped to $26.1M from $30.4M. Retail segment gross profit rose 16% to $76.6M due to a 10% increase in motor fuel and a 23% rise in merchandise gross profit. However, same-store motor fuel sales declined by 2%. Wholesale segment gross profit fell 11% to $28.1M, driven by a 12% decline in motor fuel volume. The distribution coverage ratio for the trailing 12 months ended June 30, 2024, was 1.32x, down from 1.68x in 2023. The Board declared a quarterly distribution of $0.5250 per partner unit. Leverage ratio improved to 4.39 times compared to 4.49 times in March 2024.
CrossAmerica Partners LP (NYSE: CAPL) has announced the maintenance of its quarterly distribution at $0.5250 per unit for the second quarter of 2024. This distribution, annualized at $2.10 per unit, will be payable on August 9, 2024 to unitholders of record as of August 2, 2024. The decision was approved by the Board of Directors of the company's general partner.
Additionally, CrossAmerica Partners LP has scheduled a conference call for August 8th at 9:00 a.m. Eastern Time to discuss their second quarter 2024 earnings results. These results will be released after the market closes on Wednesday, August 7.
CrossAmerica Partners LP (NYSE: CAPL) has announced its schedule for releasing second quarter 2024 earnings results. The company will disclose its financial performance after market close on Wednesday, August 7, 2024. Following this, management will host a conference call on Thursday, August 8 at 9:00 a.m. Eastern Time to discuss the results.
Investors and analysts can join the call using the numbers 800-717-1738 or 646-307-1865, with the passcode 29269. A live audio webcast of the call and related earnings materials will be available on the investor section of CrossAmerica's website. The webcast archive will remain accessible for 60 days after the call.
CrossAmerica Partners LP reported a Net Loss of $17.5 million in Q1 2024, with Adjusted EBITDA of $23.6 million and Distributable Cash Flow of $11.7 million. The Gross Profit for Wholesale Segment decreased, while the Retail Segment saw an increase. Leverage increased to 4.49 times. The Distribution Coverage Ratio declined to 1.37 times. The company converted Applegreen lessee dealer locations to company operated sites. Quarterly distribution declared at $0.5250 per unit.
Summary not available.