---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-066052"
form_type: "8-K"
ticker: "CAPL"
cik: "0001538849"
company_name: "CrossAmerica Partners LP"
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T04:14:50.447060+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CrossAmerica Q1 net loss narrows to $7.1M; Adjusted EBITDA up but distribution coverage falls to 1.04x

## Summary
- Net loss $7.1M vs $17.5M loss YoY; Adjusted EBITDA $24.3M vs $23.6M.
- Retail gross profit up 16% to $63.2M on site conversions; wholesale gross profit down 1% to $26.7M.
- Distributable cash flow $9.1M vs $11.7M; distribution coverage 1.04x (trailing 12 months) vs 1.37x.
- Leverage 4.27x (down from 4.36x); sold 7 sites for $8.6M, net gain $5.6M.
- Quarterly distribution $0.5250/unit payable May 15.

## SEC filing metadata
- accession: 0000950170-25-066052
- form_type: 8-K
- ticker: CAPL
- cik: 0001538849
- company_name: CrossAmerica Partners LP
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538849/000095017025066052/0000950170-25-066052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538849/000095017025066052/capl-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-066052
- JSON: https://secwatch.observer/filing/0000950170-25-066052.json
- Plain text: https://secwatch.observer/filing/0000950170-25-066052.txt

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