---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-104311"
form_type: "8-K"
ticker: "CAPL"
cik: "0001538849"
company_name: "CrossAmerica Partners LP"
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T17:31:46.560677+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CrossAmerica Q2 net income $25.2M; adj. EBITDA down $5.5M YoY to $37.1M

## Summary
- Net income $25.2M (vs $12.4M) boosted by $28.4M gain on asset sales; adjusted EBITDA fell to $37.1M from $42.6M.
- Distributable cash flow $22.4M (vs $26.1M); distribution coverage ratio 1.12x vs 1.30x in Q2 2024.
- Leverage improved to 3.65x from 4.36x at Dec 2024; debt reduced by $51M during the quarter.
- Sold 60 properties for $64.0M, recording a $29.7M net gain; retained supply agreements on most sites.
- Quarterly distribution declared at $0.5250 per unit, unchanged, payable Aug 14, 2025.

## SEC filing metadata
- accession: 0000950170-25-104311
- form_type: 8-K
- ticker: CAPL
- cik: 0001538849
- company_name: CrossAmerica Partners LP
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538849/000095017025104311/0000950170-25-104311-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538849/000095017025104311/capl-20250806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-104311
- JSON: https://secwatch.observer/filing/0000950170-25-104311.json
- Plain text: https://secwatch.observer/filing/0000950170-25-104311.txt

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