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 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.
On August 24, 2022, CrossAmerica Partners LP (CAPL) announced a definitive agreement to acquire assets from Community Service Stations. This acquisition involves wholesale fuel supply contracts that cover approximately 75 million gallons of fuel annually across 39 dealer locations and 34 subjobber accounts in the Greater Boston area. The deal is anticipated to close in Q4 2022 and will utilize cash on hand or revolving credit. It is expected to be immediately accretive to distributable cash flow, enhancing the company's presence in the New England fuel market.
CrossAmerica Partners LP (CAPL) reported strong Q2 2022 results, with operating income of $21.1 million and net income of $14.0 million, reflecting significant growth from Q2 2021's $8.2 million and $4.8 million, respectively. Adjusted EBITDA increased 39% to $41.4 million, while distributable cash flow rose 30% to $32.4 million. The wholesale segment gross profit reached $55.0 million, up 24% year-on-year, driven by fuel volume and margin increases, aided by the 7-Eleven acquisition. Retail segment gross profit grew 66% to $34.9 million. The Board declared a quarterly distribution of $0.5250 per unit.
CrossAmerica Partners LP has declared a quarterly distribution of $0.5250 per unit for the second quarter of 2022, which is annualized at $2.10 per unit. This distribution will be paid on August 10, 2022, to unitholders of record as of August 3, 2022. A conference call is scheduled for August 9 at 9:00 a.m. ET to discuss earnings results expected to be released on August 8. CrossAmerica is a major fuel distributor and convenience store operator in the U.S., with operations in 34 states and relationships with top oil brands.
CrossAmerica Partners LP (NYSE: CAPL) is set to announce its second quarter 2022 earnings on August 8, 2022, after market close. A conference call for investors will follow on August 9 at 9:00 a.m. Eastern Time, where management will discuss the results and provide insights. Interested parties can access the live broadcast via the CrossAmerica website, along with related materials. The company operates as a leading distributor of motor fuels across 34 states.
CrossAmerica Partners LP (NYSE: CAPL) will present at the Energy Infrastructure Council (EIC) Investor Conference on May 16, 2022, at 4:20 p.m. ET. The presentation will be led by President and CEO Charles Nifong and CFO Maura Topper and will be streamed live on the company's investor website. CrossAmerica Partners is a prominent wholesale distributor of motor fuels with operations in 34 states, servicing approximately 1,750 locations. It ranks among the largest distributors for major oil brands such as ExxonMobil and BP.