secwatch.observer — SEC 8-K summary
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Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000950170-22-022773
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000095017022022773/0000950170-22-022773-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000095017022022773/capl-20221107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-022773

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