secwatch.observer — SEC 8-K summary
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Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0000950170-22-015627
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CrossAmerica Q2 net income $14M ($0.35/unit) vs $4.8M; Adjusted EBITDA up 39% to $41.4M
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- Operating income $21.1M vs $8.2M YoY; net income $14.0M ($0.35/unit) vs $4.8M.
- Adjusted EBITDA $41.4M (+39%); distributable cash flow $32.4M (+30%).
- Wholesale gross profit $55.0M; 342.8M gallons distributed at 11.8¢ margin (up 28% YoY).
- Retail gross profit $34.9M vs $21.1M; same-store retail gallons +2%.
- Quarterly distribution maintained at $0.5250/unit; coverage ratio 1.63x current quarter, 1.48x TTM.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000095017022015627/0000950170-22-015627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000095017022015627/capl-20220808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-015627

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