Crossamerica Partners Lp SEC Filings

CrossAmerica Partners LP reported an insider equity award for director and officer Keenan D. Lynch. On 12/10/2025, Lynch received 5,880 phantom units, each economically equivalent to one common unit and accompanied by rights to receive cash equal to distributions on common units. The award was granted at a price of $0 and increased his beneficial ownership in derivative securities to 25,659 units.

According to the vesting terms, 50% of the grant will vest ratably over three years, each as of December 31, until December 31, 2028. The remaining 50% will vest upon death or disability, or upon certain retirements deemed not adverse to the issuer’s interests by the board, and this portion will expire 20 years from the grant date if it does not vest.

CrossAmerica Partners LP reported an equity-based compensation grant to an executive officer. On 12/10/2025, the company awarded 4,402 phantom units, each economically equivalent to one common unit representing a limited partner interest in CrossAmerica Partners LP. Following this grant, the reporting person beneficially owned 16,899 derivative securities.

According to the terms, 50% of the phantom units vest ratably over three years, with vesting as of December 31 each year until December 31, 2028. The remaining 50% will vest upon death or disability, or certain retirements that are not adverse to the issuer’s interests, as determined by the board. This second portion expires, if unvested, 20 years from the grant date.

CrossAmerica Partners LP reported that director and Chief Financial Officer Maura Topper received an award of 4,704 phantom units on 12/10/2025. Each phantom unit is the economic equivalent of one common unit representing a limited partner interest and includes distribution equivalent rights that pay cash equal to common unit distributions. Following this grant, she beneficially owns 18,632 derivative securities directly.

Half of the grant will vest ratably over three years, each as of December 31 until December 31, 2028. The remaining half will vest upon death, disability, or certain retirements as determined by the Board, and any unvested portion of that half will expire 20 years from the grant date.

CrossAmerica Partners LP reported that it issued a press release announcing financial results for the quarter ended September 30, 2025. The release is furnished as Exhibit 99.1.

The company also furnished investor presentation slides as Exhibit 99.2, which are available on the Webcasts & Presentations page of its website. The information in Items 2.02 and 7.01, and Exhibits 99.1 and 99.2, is furnished and not deemed filed under the Exchange Act.

CrossAmerica Partners (CAPL) reported Q3 2025 results. Operating revenues were $971.8 million, down 10% year over year, while operating income rose to $28.1 million. Net income was $13.6 million, or $0.34 per common unit. Gross profit was $104.8 million, with lower fuel pricing and volumes partly offset by gains on asset sales.

For the first nine months of 2025, revenues were $2.80 billion and operating income was $71.6 million, supported by $40.8 million of net gains on dispositions and lease terminations. Interest expense declined to $11.8 million in Q3, aided by lower average SOFR and reduced borrowings. CAPL sold 29 sites in Q3 and 96 year‑to‑date for proceeds of $21.9 million and $94.5 million, respectively. Cash from operations was $62.1 million year‑to‑date; capital expenditures were $28.7 million.

Debt under the Credit Facility was $705.5 million at September 30, 2025; availability was $215.1 million, and the effective interest rate was 5.8%. The partnership paid a quarterly cash distribution of $0.5250 per unit. As of October 31, 2025, 38,120,481 common units were outstanding.

CrossAmerica Partners LP declared a quarterly cash distribution of $0.5250 per unit attributable to Q3 2025, equal to an annualized $2.10 per unit and unchanged from the second quarter. The distribution is payable on November 13, 2025 to unitholders of record as of November 3, 2025. The announcement was furnished under Regulation FD and is not deemed filed for liability purposes.

CrossAmerica Partners (CAPL): Insider transaction reported. Director and 10% Owner John B. Reilly, III reported buying 1,871 Common Units on 10/10/2025 at a weighted average price of $19.7397, executed under a Rule 10b5-1 trading plan.

Following the purchase, beneficial ownership is reported as 4,969,188 Common Units held indirectly by the 2008 Irrevocable Agreement of Trust of John B. Reilly Jr. The reporting person disclaims beneficial ownership except to the extent of pecuniary interest.

CrossAmerica Partners LP (CAPL): Director and 10% owner Joseph V. Topper, Jr. reported buying 1,801 common units on 10/10/2025 at a weighted average price of $19.7369 under a Rule 10b5-1 trading plan. The purchases were executed in multiple trades between $19.72 and $19.75.

Following the transaction, 1,859,450 common units were beneficially owned indirectly through Energy Realty Partners, LLC. The reporting person disclaims beneficial ownership beyond his pecuniary interest.

CrossAmerica Partners LP announced a leadership change. On September 29, 2025, Stephen J. Lattig, Senior Vice President of Retail for the Partnership’s subsidiaries, notified the company of his intention to resign effective October 31, 2025. The company stated that Mr. Lattig’s decision to resign was not the result of any disagreement with management or the board of directors.