secwatch.observer — SEC 8-K summary
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Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000950170-23-019078
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000095017023019078/0000950170-23-019078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000095017023019078/capl-20230508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-019078

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