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.
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CrossAmerica Partners LP has announced a quarterly distribution of $0.5250 per unit for the first quarter of 2023, amounting to an annualized distribution of $2.10 per unit. This distribution will be paid on May 10, 2023, to unitholders of record as of May 3, 2023. The company, which is a significant distributor of motor fuels and convenience store operator in 34 states, ranks among ExxonMobil's largest distributors in the U.S. by fuel volume. A conference call will be held on May 9 at 9:00 a.m. ET to discuss the first quarter earnings, with results released after market close on May 8.
CrossAmerica Partners LP (NYSE: CAPL) will announce its first quarter 2023 earnings on May 8, 2023, after market close. A conference call for investors will follow on May 9, 2023, at 9:00 a.m. Eastern Time. Interested parties can participate via a live webcast or telephone registration accessible on the company’s investor website. The earnings release will include detailed financial metrics, including reconciliations for any non-GAAP measures. CrossAmerica operates a wide distribution network, servicing approximately 1,750 locations across 34 states, and ranks among the top distributors for major oil brands like ExxonMobil and BP. The company emphasizes growth through its extensive partnerships and retail presence in the fuel distribution sector.