secwatch.observer — SEC 8-K summary
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Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0000950170-25-104311
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000095017025104311/0000950170-25-104311-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000095017025104311/capl-20250806.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-104311

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