CrossAmerica Partners LP

Listed Company

CAPLCIK 0001538849NYSEAcceleratedWholesale-Petroleum & Petroleum Products (No Bulk Stations)FY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$41.83M

Total Assets

$964.73M

Equity

—

Shares Out

38.15M

Op. Cash Flow

$91.50M

CAPL$22.47+7.67% · past yearDBEQ Basic

Daily closing prices

Business

CrossAmerica Partners LP is a wholesale distributor of motor fuel and owner/lessor of real estate used in retail motor fuel distribution. The company distributes branded motor fuel (ExxonMobil, BP, Marathon, Shell, Valero, Phillips 66) to approximately 1,600 sites across 34 states and operates 352 company-owned retail sites selling motor fuel and convenience merchandise. The business comprises two operating segments: wholesale distribution to independent and lessee dealers, and retail operations including company-operated sites and commission agent locations, with revenues also generated from real estate leasing.

Summary from 10-K filed 2026-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Operating revenues	3,663	4,098	4,386	4,967	3,579
Cost of sales	3,260	3,700	4,004	4,592	3,302
Gross profit	403	398	382	376	277
Operating expenses	232	228	195	175	134
General and administrative expenses	28	29	27	26	31
Depreciation, amortization and accretion expense	90	76	77	81	78
Total operating expenses	349	333	299	281	243
Gain on dispositions and lease terminations, net	44	5	5	1	2
Operating income	98	71	88	96	36
Other income, net	577,000	780,000	790,000	504,000	544,000
Interest expense	−48	−52	−44	−32	−18
Income before income taxes	50	19	45	64	18
Income tax expense (benefit)	8	−3	3	714,000	−3
Net income	42	22	43	64	22
Accretion of preferred membership interests	3	3	2	2	—
Net income available to limited partners	39	20	40	62	22
Earnings per common unit, basic	1.03	0.52	1.06	1.63	0.57
Earnings per common unit, diluted	1.02	0.52	1.05	1.63	0.57
Weighted-average common units, basic	38	38	38	38	38
Weighted-average common units, diluted	38	38	38	38	38
(a) includes excise taxes of:	317	322	296	271	229
(a) includes rent income of:	63	71	82	84	83
(b) excludes depreciation, amortization and accretion and includes rent expense of:	19	21	22	23	24
(c) includes rent expense of:	19	17	15	15	14

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	3	3	5	16	8
Accounts receivable, net of allowances of $757 and $709, respectively	29	32	31	31	33
Accounts receivable from related parties	687,000	634,000	437,000	743,000	—
Inventory	60	63	52	47	46
Assets held for sale	10	9	400,000	983,000	5
Current portion of interest rate swap contracts	801,000	3	9	14	115,000
Other current assets	9	8	10	9	13
Total current assets	111	119	109	118	106
Property and equipment, net	548	656	705	728	755
Right-of-use assets, net	122	136	148	165	169
Intangible assets, net	62	77	95	114	114
Goodwill	99	99	99	99	100
Deferred tax assets	760,000	1	759,000	—	—
Interest rate swap contracts, less current portion	325,000	5	687,000	3	3
Other assets	22	20	24	26	21
Total assets	965	1,115	1,182	1,257	1,270
Current portion of debt and finance lease obligations	3	3	3	11	11
Current portion of operating lease obligations	35	35	35	35	35
Accounts payable	63	74	69	77	67
Accounts payable to related parties	7	8	10	8	—
Current portion of interest rate swap contracts	697,000	—	—	—	—
Accrued expenses and other current liabilities	27	24	24	23	21
Motor fuel and sales taxes payable	19	19	20	21	23
Total current liabilities	155	163	161	175	164
Debt and finance lease obligations, less current portion	687	764	754	762	811
Operating lease obligations, less current portion	91	106	119	135	140
Deferred tax liabilities, net	7	7	13	13	12
Asset retirement obligations	45	48	48	46	45
Interest rate swap contracts, less current portion	1	311,000	4	—	—
Other long-term liabilities	49	50	53	46	41
Total liabilities	1,037	1,140	1,151	1,178	1,214
Commitments and contingencies (Notes 15 and 16)	—	—	—	—	—
Preferred membership interests	30	29	28	26	—
Common units- 38,135,078 and 38,059,702 units issued and outstanding at December 31, 2025 and 2024, respectively	−101	−61	−2	37	54
Accumulated other comprehensive (loss) income	−1	8	5	16	3
Total (deficit) equity	−102	−54	3	53	57
Total liabilities and equity	965	1,115	1,182	1,257	1,270

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of deferred financing costs	2	2	3	3	2
Credit loss expense	—	157,000	40,000	232,000	253,000
Deferred income tax (benefit) expense	−161,000	−6	2	−2	−4
Equity-based employee and director compensation expense	2	2	3	2	1
Changes in operating assets and liabilities, net of acquisitions	673,000	−3	−6	15	−2
Net cash provided by operating activities	91	88	117	161	95
Principal payments received on notes receivable	118,000	152,000	213,000	203,000	793,000
Proceeds from sale of assets	104	35	6	13	15
Capital expenditures	−36	−26	−35	−30	−42
Lease termination payments to Applegreen, including inventory purchases	—	−26	—	—	—
Net cash provided by (used in) investing activities	68	−16	−28	−46	−299
Borrowings under the Credit Facility	78	113	241	114	195
Repayments on the Credit Facility	−153	−102	−91	−139	−78
Repayments on the Term Loan Facility	—	—	−159	−25	—
Payments of finance lease obligations	−3	−3	−3	−3	−3
Payments of deferred financing costs	—	−74,000	−7	−474,000	−7
Distributions paid on distribution equivalent rights	−284,000	−260,000	−241,000	−202,000	−141,000
Income tax distributions paid on preferred membership interests	−1	−1	−900,000	—	—
Distributions paid on common units	−80	−80	−80	−80	−80
Net cash used in financing activities	−160	−73	−100	−107	210
Net decrease in cash and cash equivalents	−244,000	−2	−11	8	7

Filings

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Frequently asked questions

What is CrossAmerica Partners LP's CIK number?

CrossAmerica Partners LP's SEC CIK number is 0001538849 (1538849). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find CrossAmerica Partners LP's SEC filings?

All of CrossAmerica Partners LP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did CrossAmerica Partners LP last report earnings?

CrossAmerica Partners LP (CAPL) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-209170). This is CrossAmerica Partners LP's most recent earnings filing of record — not a forecast of its next earnings date.

What is CrossAmerica Partners LP's most recent earnings 8-K?

CrossAmerica Partners LP's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001193125-26-209170. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View CrossAmerica Partners LP's latest earnings 8-K →
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