---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-209170"
form_type: "8-K"
ticker: "CAPL"
cik: "0001538849"
company_name: "CrossAmerica Partners LP"
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:37:52.824507+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CrossAmerica Q1 net income $10.7M vs loss $7.1M; record Adj. EBITDA $35.1M

## Summary
- Adjusted EBITDA of $35.1M, up from $24.3M YoY; distributable cash flow $21.5M vs $9.1M.
- Retail gross profit rose 18% to $74.3M; merchandise margin improved to 29.7% from 27.9%.
- Wholesale gross profit fell 13% to $23.3M on lower rent and fuel margin.
- Leverage ratio improved to 3.35x from 4.27x; distribution declared $0.5250/unit, paid May 14.
- Maura Topper appointed CEO and Jon Benfield Interim CFO effective March 2, 2026.

## SEC filing metadata
- accession: 0001193125-26-209170
- form_type: 8-K
- ticker: CAPL
- cik: 0001538849
- company_name: CrossAmerica Partners LP
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1538849/000119312526209170/0001193125-26-209170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538849/000119312526209170/capl-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-209170
- JSON: https://secwatch.observer/filing/0001193125-26-209170.json
- Plain text: https://secwatch.observer/filing/0001193125-26-209170.txt

## Source-grounded claims
- claim_id: 15c7966e0aa0b9af1e0480d655fefda32762905e
  claim: CrossAmerica Partners LP reported first quarter ended March 31, 2026 results: net income Net Income of $10.7 million.
  evidence_excerpt: CrossAmerica Partners LP Reports First Quarter 2026 Results - Reported First Quarter of 2026 Net Income of $10.7 million, Adjusted EBITDA of $35.1 million and Distributable Cash Flow of $21.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538849/000119312526209170/0001193125-26-209170-index.htm

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