secwatch.observer — SEC 8-K summary
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Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0000950170-25-028083
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CrossAmerica Q4 2024 net income $16.9M; full-year Adj. EBITDA $145.5M, down 12% YoY
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- Q4 2024 net income $16.9M vs $16.7M prior year; Adjusted EBITDA $35.5M vs $47.6M.
- Full year 2024 net income $22.5M, down from $42.6M; Distributable Cash Flow $86.0M vs $116.7M.
- Retail segment gross profit rose 9% to $75.1M in Q4; wholesale segment fell 22% to $25.9M.
- Distribution coverage ratio fell to 1.06x in Q4 from 1.80x; leverage at 4.36x vs 4.21x.
- Sold 30 properties in 2024 for $36.3M proceeds, net gain $23.3M; declared $0.5250/unit distribution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000095017025028083/0000950170-25-028083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000095017025028083/capl-20250226.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-028083

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