secwatch.observer — SEC 8-K summary
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Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000950170-25-066052
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000095017025066052/0000950170-25-066052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000095017025066052/capl-20250507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-066052

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