secwatch.observer — SEC 8-K summary
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Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0000950170-24-020376
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000095017024020376/0000950170-24-020376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000095017024020376/capl-20240226.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-020376

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