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 (NYSE: CAPL) is a wholesale distributor of motor fuels, a convenience store operator, and an owner and lessor of real estate used in the retail distribution of motor fuels. This news page focuses on announcements and developments that the partnership discloses through press releases and related SEC filings.
Readers can find coverage of CrossAmerica’s quarterly and annual financial results, where the partnership reports metrics such as net income, Adjusted EBITDA, Distributable Cash Flow and Distribution Coverage Ratio. These updates also highlight performance in the Wholesale and Retail segments, including segment gross profit, motor fuel gallons distributed, fuel margins, merchandise gross profit and changes in site counts.
News items also describe CrossAmerica’s real estate rationalization and class of trade optimization efforts, including the sale of selected properties and the conversion of sites between wholesale, lessee dealer, company-operated and commission agent arrangements. Distribution announcements, including quarterly distributions per unit and related record and payment dates, are another recurring topic.
In addition, the news flow may include notices about the filing of the partnership’s Annual Report on Form 10-K, scheduling of earnings conference calls, and other material events reported on Form 8-K, such as leadership changes or updates on distribution decisions. Investors and observers who follow CAPL news can use this page to review how CrossAmerica describes its operating performance, capital allocation decisions and network changes over time.
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.
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