---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-020376"
form_type: "8-K"
ticker: "CAPL"
cik: "0001538849"
company_name: "CrossAmerica Partners LP"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T11:45:40.846284+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CrossAmerica Q4 net income $16.7M, adj. EBITDA $47.6M; full year net income down 33%

## Summary
- Q4 2023 net income $16.7M (vs $17.1M YoY); adjusted EBITDA $47.6M (vs $44.3M).
- Full year 2023 net income $42.6M, down from $63.7M; adjusted EBITDA $165.8M vs $179.8M.
- Retail segment Q4 gross profit $69.0M (+14% YoY); wholesale $33.0M (flat).
- Leverage ratio 4.2x at Dec 2023, up from 3.7x a year earlier.
- Distribution coverage ratio Q4 1.80x; full year 1.46x vs 1.77x in 2022.

## SEC filing metadata
- accession: 0000950170-24-020376
- form_type: 8-K
- ticker: CAPL
- cik: 0001538849
- company_name: CrossAmerica Partners LP
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538849/000095017024020376/0000950170-24-020376-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538849/000095017024020376/capl-20240226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-020376
- JSON: https://secwatch.observer/filing/0000950170-24-020376.json
- Plain text: https://secwatch.observer/filing/0000950170-24-020376.txt

## Key facts
- Earnings Releases
  CrossAmerica Partners LP reported Full Year 2023 results: net income $42.6 million.
  - Period: Full Year 2023
  - Net income: $42.6 million
  - Result: reported results
  source text: Generated Full Year 2023 Net Income of $42.6 million, Adjusted EBITDA of $165.8 million and Distributable Cash Flow of $116.7 million compared to Full Year 2022 Net Income of $63.7 million, Adjusted EBITDA of $179.8 million and Distributable Cash Flow of $140.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538849/000095017024020376/0000950170-24-020376-index.htm
- Earnings Releases
  CrossAmerica Partners LP reported Fourth Quarter 2023 results: net income $16.7 million.
  - Period: Fourth Quarter 2023
  - Net income: $16.7 million
  - Result: reported results
  source text: Reported Fourth Quarter 2023 Net Income of $16.7 million, Adjusted EBITDA of $47.6 million and Distributable Cash Flow of $35.8 million compared to Fourth Quarter 2022 Net Income of $17.1 million, Adjusted EBITDA of $44.3 million and Distributable Cash Flow of $33.3 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538849/000095017024020376/0000950170-24-020376-index.htm

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