CAPL Q1 net loss $1.0M, Adj EBITDA $31.7M, DCF $19.1M; credit facility upsized to $925M

CrossAmerica Partners LP

2024-Q1 EPS reported -$0.04 revenue$1,016,159,000

Q1 2023 net loss of $1.0M; Adjusted EBITDA $31.7M; Distributable Cash Flow $19.1M.
Wholesale segment gross profit $31.2M (up from $30.3M); Retail gross profit $50.8M (up from $48.5M).
Leverage ratio improved to 4.05x from 4.6x; TTM distribution coverage ratio 1.70x vs 1.39x.
New $925M credit facility (5-year term); quarterly distribution declared $0.5250 per unit.
Same-store volumes, store sales, and inside sales margin increased YoY in retail segment.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CrossAmerica Partners LP reported the first quarter ended March 31, 2023 results: net income Net Loss of $1.0 million.

Period: the first quarter ended March 31, 2023
Net income: Net Loss of $1.0 million
Result: reported results

Exact text from the filing

CrossAmerica Partners LP Reports First Quarter 2023 Results - Reported First Quarter 2023 Net Loss of $1.0 million, Adjusted EBITDA of $31.7 million and Distributable Cash Flow of $19.1 million

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CrossAmerica Partners LP filing history →

Source: SEC EDGAR

accession 0000950170-23-019078

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