Crossamerica Partners Lp Stock Price, News & Analysis

CrossAmerica Partners LP (NYSE: CAPL) announced a $25 million issuance of Cumulative Preferred Membership Interests in its subsidiary, CAPL JKM Holdings LLC. The preferred interests were sold to affiliates of Chairman Joseph V. Topper, Jr. and Vice Chairman John B. Reilly, III, offering a 9.0% cumulative preferred return. Proceeds will be used to prepay a portion of the Term Loan Credit Facility, supporting the company’s recent $263 million acquisition from 7-Eleven. The transaction, approved by the board's Conflicts Committee, highlights strong leadership commitment to investor interests.

CrossAmerica Partners LP (NYSE: CAPL) filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2021, on March 1, 2022. This report includes the Partnership's audited financial statements and can be accessed on the Partnership's website or the SEC's site. CrossAmerica Partners is a prominent wholesale fuel distributor, operating approximately 1,750 locations across 34 states and ranking among ExxonMobil's largest distributors by fuel volume in the U.S.

CrossAmerica Partners LP reported strong fourth-quarter and full-year 2021 results, achieving an operating income of $16.2 million and a net income of $12.0 million, up from $8.1 million and $9.0 million, respectively, in Q4 2020. Fourth-quarter Adjusted EBITDA reached a record $37.0 million, a 51% increase year-over-year. Significant growth was noted in gross profit across both wholesale (34% increase) and retail (64% increase) segments. The partnership declared a quarterly distribution of $0.5250 per unit for Q4 2021, marking a distribution coverage ratio of 1.56 times.

CrossAmerica Partners LP has announced a quarterly distribution of $0.5250 per unit for the fourth quarter of 2021.

This equates to an annualized rate of $2.10 per unit and will be payable on February 10, 2022, to unitholders of record as of February 3, 2022.

A conference call is scheduled for March 1, 2022, at 9:00 a.m. ET to discuss the fourth quarter and year-end earnings results, which will be released on February 28, 2022.

CrossAmerica Partners (NYSE: CAPL) will release its fourth quarter/year-end 2021 earnings results on February 28, 2022, post market closure. A live conference call is scheduled for March 1 at 9:00 a.m. ET. Investors can access the call via phone at 800-774-6070 or 630-691-2753 using passcode 8674133#. A webcast of the call and related earnings materials will also be available on CrossAmerica's website. The company operates as a wholesale distributor of motor fuels, serving approximately 1,800 locations across 34 states.

CrossAmerica Partners LP (CAPL) announced its third quarter 2021 financial results, reporting an operating income of $12.6 million and a net income of $8.9 million. This marks a decrease from $23.7 million and $21.2 million in Q3 2020, respectively. However, Adjusted EBITDA increased by 20% to $35.9 million, and Distributable Cash Flow rose to $30.4 million, demonstrating growth in operational performance despite challenges. The company distributed approximately 354.6 million gallons of fuel, showing an 8% increase in volume. Additionally, CrossAmerica closed on 98 properties from 7-Eleven, enhancing its retail footprint.

CrossAmerica Partners LP announced a quarterly distribution of $0.5250 per unit for Q3 2021, maintaining an annualized rate of $2.10 per unit. This distribution is payable on November 10, 2021, to unitholders of record as of November 3, 2021. The partnership, a key player in fuel distribution with operations in 34 states and relationships with major oil brands, will host a call on November 9 to discuss Q2 earnings results, which will be released on November 8.

CrossAmerica Partners LP (NYSE: CAPL) announced it will report its third quarter 2021 earnings on November 8, 2021, after market close. A conference call will follow on November 9 at 9:00 a.m. ET, providing insights into the financial performance and metrics of the company. The call can be accessed via toll-free numbers or a live audio webcast available on the CrossAmerica website. The company is a significant player in the wholesale distribution of motor fuels in the U.S.

CrossAmerica Partners LP (CAPL) reported its second quarter 2021 results, showing operating income of $8.2 million and net income of $4.8 million, compared to $6.3 million and $5.2 million in Q2 2020. Adjusted EBITDA increased by 7% to $29.7 million. Gross profit for the wholesale segment was $44.2 million, marking a 9% rise, while retail gross profit also increased by 32% to $21.1 million. The company began its $263 million acquisition of 106 convenience stores from 7-Eleven. The Board appointed Maura Topper as the new CFO, effective August 11, 2021.