secwatch.observer — SEC 8-K summary
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Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000950170-24-093062
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CrossAmerica Q2 net income $12.4M, down 14% YoY; retail gross profit up 16% to $76.6M
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- Net income $12.4M vs $14.5M in Q2 2023; adjusted EBITDA $42.6M vs $42.2M.
- Retail segment gross profit rose 16% to $76.6M on 9% higher fuel gallons; same-store fuel gallons fell 2%.
- Wholesale gross profit fell 11% to $28.1M on 12% lower volume from site conversions.
- Leverage improved to 4.39x from 4.49x in Q1 2024; distribution declared $0.525/unit.
- Sold ten properties for $11.9M with $6.5M gain; 59-site Applegreen acquisition closed in Q1/Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000095017024093062/0000950170-24-093062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000095017024093062/capl-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-093062

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