---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-022773"
form_type: "8-K"
ticker: "CAPL"
cik: "0001538849"
company_name: "CrossAmerica Partners LP"
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T03:33:24.909516+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CrossAmerica Q3 operating income $39.6M, adjusted EBITDA $62.2M, up 73% YoY

## Summary
- Net income $27.6M ($0.71/diluted unit) vs $8.9M ($0.23) in Q3 2021.
- Adjusted EBITDA $62.2M, +73% YoY; distributable cash flow $50.9M, +67%.
- Wholesale gross profit $56.8M (338.1M gallons at 12.5¢/gal margin); retail gross profit $56.3M.
- Leverage ratio 3.9x vs 5.1x at Dec 2021; distribution coverage 2.55x for Q3, 1.74x TTM.
- Quarterly distribution declared $0.5250/unit; pending Community Service Stations acquisition expected accretive.

## SEC filing metadata
- accession: 0000950170-22-022773
- form_type: 8-K
- ticker: CAPL
- cik: 0001538849
- company_name: CrossAmerica Partners LP
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538849/000095017022022773/0000950170-22-022773-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538849/000095017022022773/capl-20221107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-022773
- JSON: https://secwatch.observer/filing/0000950170-22-022773.json
- Plain text: https://secwatch.observer/filing/0000950170-22-022773.txt

## Key facts
- Earnings Releases
  CrossAmerica Partners LP reported the third quarter ended September 30, 2022 results: net income $27.6 million, EPS $0.71 per diluted common unit.
  - Period: the third quarter ended September 30, 2022
  - Net income: $27.6 million
  - EPS: $0.71 per diluted common unit
  - Result: reported results
  source text: CrossAmerica Partners LP (“CrossAmerica” or the “Partnership”) issued a press release announcing its financial results for the quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538849/000095017022022773/0000950170-22-022773-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.