secwatch.observer — SEC 8-K summary
======================================

Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0000950170-23-039202
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CrossAmerica Q2 net income $14.5M; retail gross profit up to $66M
-----------------------------------------------------------------

- Net income $14.5M vs $14.0M YoY; Adjusted EBITDA $42.2M vs $41.4M; Distributable Cash Flow $30.4M.
- Retail segment gross profit $66.0M (up from $55.5M); wholesale gross profit $31.7M (down from $33.5M).
- Leverage ratio improved to 3.9x from 4.5x; distribution coverage 1.53x for Q2, 1.68x trailing.
- Quarterly distribution declared $0.5250 per limited partner unit for Q2 2023.
- Total fuel volume increased year-over-year in both wholesale and retail segments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000095017023039202/0000950170-23-039202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000095017023039202/capl-20230807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-039202

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