---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-060436"
form_type: "8-K"
ticker: "CAPL"
cik: "0001538849"
company_name: "CrossAmerica Partners LP"
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:21:30.824143+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CrossAmerica Q3 net income falls to $12.3M from $27.6M YoY

## Summary
- Q3 2023 net income $12.3M, adjusted EBITDA $44.2M, distributable cash flow $31.4M.
- Retail segment gross profit $67.6M vs $80.6M YoY; wholesale gross profit $32.9M vs $34.1M.
- Same-store merchandise sales (ex cigarettes) up to $53.3M; gross profit margin 28.7% (vs 27.1%).
- Distribution coverage ratio 1.57x for Q3; leverage 4.35x; declared $0.5250/unit distribution.

## SEC filing metadata
- accession: 0000950170-23-060436
- form_type: 8-K
- ticker: CAPL
- cik: 0001538849
- company_name: CrossAmerica Partners LP
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538849/000095017023060436/0000950170-23-060436-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538849/000095017023060436/capl-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-060436
- JSON: https://secwatch.observer/filing/0000950170-23-060436.json
- Plain text: https://secwatch.observer/filing/0000950170-23-060436.txt

## Key facts
- Earnings Releases
  CrossAmerica Partners LP reported the quarter ended September 30, 2023 results: net income $12.3 million.
  - Period: the quarter ended September 30, 2023
  - Net income: $12.3 million
  - Result: reported results
  source text: CrossAmerica Partners LP Reports Third Quarter 2023 Results - Reported Third Quarter 2023 Net Income of $12.3 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538849/000095017023060436/0000950170-23-060436-index.htm

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