Welcome to our dedicated page for CrossAmerica Partners LP Common units representing partner interests news (Ticker: CAPL), a resource for investors and traders seeking the latest updates and insights on CrossAmerica Partners LP Common units representing partner interests 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 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.
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.