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) will announce its year-end and fourth quarter 2020 earnings results on March 1, 2021, post-market close. A conference call will follow on March 2, 2021, at 9:00 a.m. ET, accessible via phone or a live audio webcast. The company is a major player in the wholesale distribution of motor fuels, operating across 34 states and partnering with major oil brands like ExxonMobil and BP. More information will be available on their investor website after the release.
CrossAmerica Partners LP (NYSE: CAPL) reported a robust performance for Q3 2020, achieving operating income of $23.7 million and net income of $21.2 million, significantly up from $12.3 million and $7.2 million in Q3 2019. Adjusted EBITDA rose to $30.0 million, while distributable cash flow increased to $29.7 million. The wholesale segment gross profit reached $42.8 million, an 18% year-over-year increase. The appointment of Eric Javidi as CFO is also a key highlight, bringing extensive financial expertise. The partnership declared a quarterly distribution of $0.5250 per unit, payable on November 10, 2020.
CrossAmerica Partners LP announced a quarterly distribution of $0.5250 per unit for the third quarter of 2020, amounting to an annualized rate of $2.10 per unit. This distribution is payable on November 10, 2020, to unitholders of record as of November 3, 2020. The company will release its third quarter earnings results on November 4, 2020, and host a related conference call on November 5, 2020, at 9:00 a.m. Eastern Time. CrossAmerica is a major wholesale distributor of motor fuels, operating in all 34 states in the U.S.
CrossAmerica Partners LP (NYSE: CAPL) announced it will release its Q3 2020 earnings on November 4, after market closure. A conference call will follow on November 5 at 9:00 a.m. ET, with numbers provided for participants. The earnings materials, including any reconciliations of non-GAAP to GAAP financial measures, will be available on the company's investor site the same day. CrossAmerica is a major motor fuel distributor with a footprint across 34 states, operating approximately 1,700 locations and leasing around 1,100 sites.
CrossAmerica Partners LP (NYSE: CAPL) reported its Q2 2020 financial results, highlighting an operating income of $6.3 million and net income of $5.2 million, down from $13.9 million and $6.4 million in Q2 2019, respectively. Adjusted EBITDA remained stable at $27.7 million.
The Wholesale segment saw gross profit surge to $40.7 million, up 22% year over year, while retail gross profit increased 73% to $3.3 million. The distribution coverage ratio improved to 1.31 times. Despite COVID-19 challenges, the partnership's strategic acquisitions and asset exchanges bolstered its financial position.
CrossAmerica Partners LP has announced a quarterly distribution of $0.5250 per unit for the second quarter of 2020, amounting to an annualized rate of $2.10 per unit. This distribution will be paid on August 11, 2020 to unitholders of record as of August 4, 2020. The company is scheduled to host a conference call on August 7 to discuss its second quarter earnings results, which will be released on August 6.
CrossAmerica Partners is a major wholesale distributor of motor fuels in the U.S., operating approximately 1,700 locations across 34 states.
CrossAmerica Partners LP (NYSE: CAPL) will release its Q2 2020 earnings results on August 6, 2020, following market closure. A conference call to discuss the results will take place on August 7 at 9:00 a.m. Eastern Time. Investors can connect via phone or listen to a live audio webcast on the company's website. CrossAmerica operates in the wholesale distribution of motor fuels, serving approximately 1,700 locations across 33 states, and is a key distributor for major oil brands.
CrossAmerica Partners LP (CAPL) reported strong first-quarter 2020 results, with operating income rising to $77.4 million and net income at $72.1 million, up from $7.6 million and $0.2 million in Q1 2019, respectively. A major factor was a $70.9 million gain from selling a 17.5% stake in CST Fuel Supply. Adjusted EBITDA grew to $25.3 million from $21.4 million, while the Distribution Coverage Ratio improved to 1.08 from 0.73 year-over-year. However, guidance for 2020 has been withdrawn due to uncertainties from the COVID-19 pandemic.