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) 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.
CrossAmerica Partners LP (CAPL) reported its strongest first quarter in history for 2022, with operating income of $9.7 million and net income of $5.0 million, a significant improvement from an operating loss of $0.9 million and net loss of $4.0 million in Q1 2021. Adjusted EBITDA rose to $32.0 million from $20.7 million, and distributable cash flow increased to $24.2 million from $15.8 million year-over-year. The wholesale segment's gross profit increased by 35% to $46.9 million, driven by a 10% rise in distributed gallons and a 40% increase in margin per gallon. Retail gross profit also surged 66%, attributed to heightened fuel sales and margins.
CrossAmerica Partners LP announced a quarterly distribution of $0.5250 per unit for the first quarter of 2022, annualizing to $2.10 per unit. This distribution is payable on May 11, 2022 to unitholders of record on May 3, 2022. The company will discuss its Q1 earnings results on a conference call scheduled for May 10, 2022. CrossAmerica is a leading distributor of motor fuels, operating in 34 states and serving approximately 1,750 locations.
CrossAmerica Partners LP (NYSE: CAPL) will announce its first quarter 2022 earnings results on May 9, 2022, following the market close. Management will discuss the results in a conference call on May 10 at 9:00 a.m. Eastern Time, accessible via phone or a live audio webcast. CrossAmerica is a prominent distributor of motor fuels and operates over 1,750 locations across 34 states, partnering with major oil brands. The webcast and earnings materials will be available on their investor website.