Welcome to our dedicated page for CrossAmerica Partners LP SEC filings (Ticker: CAPL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
CrossAmerica Partners LP filings document material-event disclosures for a publicly traded limited partnership in motor fuel distribution, convenience retailing, and fuel-site real estate. Recent Form 8-K reports furnish operating results, earnings presentation materials, and Regulation FD disclosures tied to Wholesale and Retail segment performance, adjusted EBITDA, distributable cash flow, leverage, and distribution coverage.
The filing record also includes 8-K disclosures on quarterly cash distributions approved by CrossAmerica GP LLC and officer or director changes at the general partner and subsidiary level. These documents frame CAPL's common-unit distributions, general-partner governance, executive compensation arrangements, and public-company reporting obligations.
Topper Joseph V. Jr. reported acquisition or exercise transactions in this Form 4 filing.
CrossAmerica Partners LP director and 10% owner Joseph V. Topper Jr. received a grant of 3,040 phantom units at a reported per-unit price of $0.0000. Each phantom unit is economically equivalent to one common unit and includes distribution equivalent rights. The award vests in one annual installment on the first anniversary of the grant, conditioned on continued board service, and will then be settled in cash or common units at the issuer’s discretion, bringing his reported phantom-unit holdings to 96,444.
CrossAmerica Partners LP director Justin A. Gannon was granted 3,040 phantom units on July 21, 2026. Each phantom unit is economically equivalent to one common unit and includes cash distribution-equivalent rights. The units vest in a single installment after one year and then convert into cash or common units at the issuer’s discretion, bringing his reported phantom-unit holdings to 39,568.
Valosky Kenneth G reported acquisition or exercise transactions in this Form 4 filing.
CrossAmerica Partners LP director Kenneth G. Valosky received a grant of 3,040 phantom units on July 21, 2026. Each phantom unit is economically equivalent to one common unit and carries cash distribution rights. The award vests in one annual installment subject to continued board service, bringing his direct phantom-unit holdings to 26,844.
CrossAmerica Partners LP reported that director Mickey Kim received a grant of 3,040 phantom units on July 21, 2026. Each phantom unit is economically equivalent to one common unit with tandem cash distribution rights, vests in full on the first anniversary subject to continued board service, and will then convert into cash or common units at the issuer’s discretion, bringing his direct holdings to 33,884 units.
Kelso Thomas E reported acquisition or exercise transactions in this Form 4 filing.
CrossAmerica Partners LP reported that director Thomas E. Kelso received a grant of 3,040 phantom units, each economically equivalent to one common unit and carrying distribution equivalent rights. The award increases his directly held phantom units to 12,184, vests in one annual installment, and will settle in cash or common units at the issuer’s discretion.
CrossAmerica Partners LP and its subsidiary Lehigh Gas Wholesale Services, Inc. entered into a Second Amendment to their Amended and Restated Credit Agreement with Citizens Bank, N.A. as administrative and collateral agent. The amendment extends the credit facility’s maturity date from March 31, 2028 to July 15, 2031, while leaving all other terms and conditions in place.
The amendment also removes the SOFR credit spread adjustment and revises the financial covenant on leverage. The Partnership must maintain a Consolidated Leverage Ratio not greater than 5.00 to 1.00 for fiscal quarters ending June 30, 2026 through September 30, 2027, and not greater than 4.75 to 1.00 for the quarter ending December 31, 2027 and thereafter.
CrossAmerica Partners LP insider Joseph V. Topper Jr. reported an internal restructuring of his indirect holdings in the partnership’s common units. On May 21, 2026, he sold a 1% membership interest in MMSCC-2, LLC, which represents that entity’s sole voting power, to The Patricia Dunne Topper Trust for the Family of Joseph V. Topper Jr., a trust he controls.
The filing shows corresponding entries of 6,373 common units each as disposed of and acquired at a median price of $22.72 per unit, reflecting 1% of the units held by MMSCC-2, LLC, rounded to the nearest unit. Most reported common units are held through entities such as MMSCC-2, LLC, JVT-JMG EROP Holdings LP, and other Topper-controlled vehicles, and Mr. Topper expressly disclaims beneficial ownership beyond his pecuniary interest. The transactions are characterized as “other” rather than open-market buys or sells, indicating a shift in control within related entities rather than a change in overall economic exposure.
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 LP reported a sharp turnaround for the quarter ended March 31, 2026, posting net income of $10.7 million versus a net loss a year ago. Adjusted EBITDA rose to $35.1 million and distributable cash flow to $21.5 million, significantly improving distribution coverage to 1.07x for the quarter and 1.25x over the last twelve months. Retail segment gross profit increased to $74.3 million on stronger fuel margins and merchandise performance, while wholesale gross profit declined to $23.3 million on lower rent and fuel margins. Leverage under the credit facility improved to 3.35x, and the Board declared a quarterly distribution of $0.5250 per common unit. The Partnership also appointed Maura Topper as CEO and President and Jon Benfield as Interim CFO effective March 2, 2026.