secwatch.observer — SEC 8-K summary
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Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0000950170-23-060436
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000095017023060436/0000950170-23-060436-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000095017023060436/capl-20231107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-060436

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