Crossamerica Partners Lp Stock Price, News & Analysis

CrossAmerica Partners LP (NYSE: CAPL) filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2022, with the SEC on February 28, 2023. This report includes the Partnership's audited financial statements and can be accessed via the Partnership's or SEC's websites. Unitholders can request printed copies for detailed insights into financial performance. CrossAmerica Partners operates as a wholesale distributor of motor fuels and convenience store operator, covering 34 states and serving approximately 1,750 locations. Notably, it ranks among ExxonMobil's largest distributors by fuel volume in the U.S.

CrossAmerica Partners LP (CAPL) reported strong financial results for Q4 and full year 2022. Q4 net income was $17.1 million, with adjusted EBITDA of $44.3 million and distributable cash flow of $33.3 million. Full year net income reached $63.7 million, with total adjusted EBITDA at $179.8 million. Gross profit improved in both the wholesale and retail segments, with Q4 wholesale gross profit at $32.8 million and retail gross profit at $60.4 million. The distribution coverage ratio increased to 1.67x in Q4 compared to 1.56x in Q4 2021. Additionally, leverage decreased to 3.7 times. A new board member was appointed as part of strategic initiatives to enhance operational performance.

CrossAmerica Partners LP (NYSE: CAPL) will disclose its fourth quarter and full-year 2022 earnings results on February 27, 2023, after market close. A conference call will follow on February 28 at 9:00 a.m. ET, allowing investors and interested parties to engage via telephone or live webcast. They can also access related earnings materials on the CrossAmerica Partners website. Established in 2012, the company is a leading distributor of motor fuels across 34 states, servicing approximately 1,750 locations.

CrossAmerica Partners LP has announced a quarterly distribution of $0.5250 per unit for the fourth quarter of 2022, resulting in an annualized distribution of $2.10 per unit. This distribution is payable on February 10, 2023, to unitholders of record on February 3, 2023. The company is scheduled to host a conference call on February 28 at 9:00 a.m. ET to discuss its fourth quarter and full-year earnings results, which are set for release after market close on February 27.

CrossAmerica Partners LP (NYSE: CAPL) has successfully completed the acquisition of specific assets from Community Service Stations for $27.5 million plus working capital. This deal encompasses wholesale fuel supply contracts covering approximately 75 million gallons of fuel annually across 38 dealer-owned locations and 35 subjobber accounts in the Greater Boston area. The acquisition is financed through cash reserves and undrawn credit capacity, and is anticipated to enhance distributable cash flow for limited partners.

CrossAmerica Partners LP (NYSE: CAPL) announced robust third quarter 2022 financial results, with operating income reaching $39.6 million and net income at $27.6 million, significantly up from $12.6 million and $8.9 million in Q3 2021. Adjusted EBITDA increased 73% to $62.2 million, while distributable cash flow grew 67% to $50.9 million. The wholesale segment gross profit surged 18% to $56.8 million, despite a 5% drop in gallons distributed. The retail segment gross profit jumped 102% to $56.3 million, due to higher fuel sales and margins, alongside a quarterly distribution of $0.525 per unit.

CrossAmerica Partners LP has announced a quarterly distribution of $0.5250 per unit for the third quarter of 2022, which annualizes to $2.10 per unit. This distribution will be payable on November 10, 2022, to unitholders of record as of November 3, 2022. Additionally, the company will hold a conference call on November 8 at 9:00 a.m. ET to discuss its third-quarter earnings, set to be released after market close on November 7. CrossAmerica is a leading wholesale distributor of motor fuels in the U.S.

CrossAmerica Partners LP (NYSE: CAPL) announced the release date for its third quarter 2022 earnings results, which will be available after market close on November 7, 2022. The management will conduct a conference call on November 8 at 9:00 a.m. ET. Interested parties can join the call using the numbers provided or listen to a live audio webcast on the company's investor relations page. CrossAmerica Partners is a prominent distributor of motor fuels across the U.S., operating in 34 states and servicing approximately 1,750 locations. For more details, visit www.crossamericapartners.com.

CrossAmerica Partners LP has announced the availability of its 2021 Tax Package for Schedule K-3. Unitholders can access the form online at partnerdatalink.com or request a physical copy via mail. The Schedule K-3 is crucial for various unitholders, including foreign investors and those needing specific tax details for accurate reporting. The company emphasizes the importance of consulting tax advisors regarding individual tax situations. CrossAmerica is a leading motor fuel distributor across 34 states.