secwatch.observer — SEC 8-K summary
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Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001193125-26-209170
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000119312526209170/0001193125-26-209170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000119312526209170/capl-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-209170

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