{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-056014","form_type":"8-K","ticker":"CAPL","cik":"0001538849","company_name":"CrossAmerica Partners LP","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.897920+00:00","generated_at":"2026-06-02T05:49:23.191521+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"CrossAmerica Q1 net loss $17.5M; Adj EBITDA down 26% to $23.6M","bullets":["Q1 2024 net loss of $17.5M (incl. $15.9M Applegreen lease termination loss) vs net loss of $1.0M in Q1 2023.","Adjusted EBITDA $23.6M, down 26% from $31.7M; Distributable Cash Flow $11.7M vs $19.1M.","Wholesale gross profit $27.0M (-13% YoY); retail gross profit $54.4M (+7% YoY).","Leverage 4.49x vs 4.21x at Dec 2023; distribution coverage ratio 1.37x (trailing 12M) vs 1.70x.","59 Applegreen lessee dealer locations converted to company-operated retail in early Q2 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-056014","json":"https://secwatch.observer/filing/0000950170-24-056014.json","markdown":"https://secwatch.observer/filing/0000950170-24-056014.md","text":"https://secwatch.observer/filing/0000950170-24-056014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1538849/000095017024056014/0000950170-24-056014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1538849/000095017024056014/capl-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T05:49:23.191521+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9d16335df41264827d3b4dfb0688e68d377eadb8","claim":"CrossAmerica Partners LP reported quarter ended March 31, 2024 results: net income Net Loss of $17.5 million.","evidence_excerpt":"Reported First Quarter 2024 Net Loss of $17.5 million that includes a $15.9 million loss on lease terminations with Applegreen, Adjusted EBITDA of $23.6 million and Distributable Cash Flow of $11.7 million compared to a Net Loss of $1.0 million, Adjusted EBITDA of $31.7 million and Distributable Cash Flow of $19.1 million for the First Quarter 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1538849/000095017024056014/0000950170-24-056014-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended March 31, 2024"},{"label":"Net income","value":"Net Loss of $17.5 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}