secwatch.observer — SEC 8-K summary
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Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0000950170-22-008604
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CrossAmerica Q1 2022 operating income $9.7M, adjusted EBITDA $32M, both up strongly YoY
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- Operating income $9.7M vs. ($0.9M) loss in Q1 2021; net income $5.0M ($0.13/diluted unit) vs. ($4.0M) loss.
- Adjusted EBITDA $32.0M (+55% YoY); distributable cash flow $24.2M (+53% YoY).
- Wholesale gross profit $46.9M on 320.2M gallons (+10% vol, margin 10.2¢/gal +40% YoY).
- Retail gross profit $32.7M (+66% YoY); same-store retail fuel gallons +4%.
- Distribution coverage ratio 1.22x for Q1 and 1.39x TTM; quarterly distribution $0.5250/unit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000095017022008604/0000950170-22-008604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000095017022008604/capl-20220509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-008604

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer