---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-019078"
form_type: "8-K"
ticker: "CAPL"
cik: "0001538849"
company_name: "CrossAmerica Partners LP"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T08:59:38.674074+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-019078
- form_type: 8-K
- ticker: CAPL
- cik: 0001538849
- company_name: CrossAmerica Partners LP
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538849/000095017023019078/0000950170-23-019078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538849/000095017023019078/capl-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-019078
- JSON: https://secwatch.observer/filing/0000950170-23-019078.json
- Plain text: https://secwatch.observer/filing/0000950170-23-019078.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538849/000095017023019078/0000950170-23-019078-index.htm

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