secwatch.observer — SEC 8-K summary
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Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000950170-24-122490
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000095017024122490/0000950170-24-122490-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000095017024122490/capl-20241106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-122490

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