Every 10-Q that CrossAmerica Partners LP Common units representing limited partner interests (CAPL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CAPL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CAPL filings page.
CrossAmerica Partners LP reported stronger year‑to‑date results for the six months ended June 30, 2026. Operating revenues rose to $2.02 billion from $1.82 billion and net income increased to $31.5 million from $18.1 million, helped by higher motor fuel margins in both retail and wholesale segments and significantly lower impairment charges. Operating cash flow improved to $61.1 million from $37.7 million.
For the second quarter, revenues grew 23% to $1.18 billion while net income declined to $20.8 million from $25.2 million, mainly because 2025 included much larger gains on asset sales. Underlying operations improved: retail segment operating income increased to $37.0 million and wholesale to $20.8 million, driven by higher cents‑per‑gallon fuel margins despite lower volumes and fewer sites following real estate divestitures.
Total assets were $982.0 million, with debt and finance lease obligations of $730.6 million, including $671.6 million outstanding on the Credit Facility and $59.0 million of finance lease obligations after modifying the Getty lease. A July 2026 amendment extended Credit Facility maturity to July 15, 2031 and set a maximum Consolidated Leverage Ratio of 5.00x through September 2027 and 4.75x thereafter; availability was $248.5 million.
The partnership continued its real estate optimization, selling 21 properties in the first half for $15.4 million of proceeds and recognizing $7.4 million in net gains, while impairment charges fell to $2.8 million from $14.9 million. Cash distributions on common units remained $0.5250 per unit quarterly, totaling $40.1 million for the first half versus net income available to limited partners of $30.1 million.
CrossAmerica Partners reported sharply stronger first‑quarter 2026 results, posting net income of $10.7M versus a $7.1M loss a year earlier. Operating income rose to $23.8M on higher retail fuel and merchandise margins and lower expenses, even though revenue slipped 2% to $841.8M.
Impairment charges fell to $1.5M, helping cut depreciation and amortization by 35%. Interest expense declined as site sale proceeds reduced Credit Facility borrowings. Adjusted EBITDA increased to $35.1M, and Distributable Cash Flow of $21.5M covered common distributions of $20.0M at a 1.07x ratio.
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.