---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-122490"
form_type: "8-K"
ticker: "CAPL"
cik: "0001538849"
company_name: "CrossAmerica Partners LP"
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:31:06.114709+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CrossAmerica Q3 net income falls to $10.7M; DCF $27.1M, distribution held at $0.5250

## Summary
- Net income $10.7M vs $12.3M YoY; adjusted EBITDA $43.9M vs $44.2M; distributable cash flow $27.1M vs $31.4M.
- Retail segment gross profit up 24% to $83.6M on site conversions; wholesale gross profit down 16% to $27.6M.
- Same-store retail fuel gallons flat YoY; merchandise gross margin slipped to 27.9% from 28.7%.
- Leverage improved to 4.21x from 4.39x (Q2 2024); quarterly distribution maintained at $0.5250/unit.
- Sold nine properties for $7.2M in Q3, net gain of $5.3M.

## SEC filing metadata
- accession: 0000950170-24-122490
- form_type: 8-K
- ticker: CAPL
- cik: 0001538849
- company_name: CrossAmerica Partners LP
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538849/000095017024122490/0000950170-24-122490-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538849/000095017024122490/capl-20241106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-122490
- JSON: https://secwatch.observer/filing/0000950170-24-122490.json
- Plain text: https://secwatch.observer/filing/0000950170-24-122490.txt

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