secwatch.observer — SEC 8-K summary
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Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2026-08-05T20:45:01+00:00
Accession:  0001193125-26-335332
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CrossAmerica Q2 2026: Adj EBITDA $51.8M, DCF $33.6M, coverage 1.68x; new CFO
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- Net income $20.8M (down from $25.2M); Adj EBITDA $51.8M (up 40%); DCF $33.6M (up 50%).
- Distribution coverage 1.68x current quarter (1.12x prior); TTM 1.39x (1.00x); quarterly distribution $0.5250/unit.
- Retail gross profit $85.7M (+13% YoY); merchandise margin 29.5% (28.2% prior); same-store merchandise sales ex-cigarettes +1%.
- Wholesale gross profit $27.1M (+9% YoY); fuel margin per gallon +31%; volume -11% due to portfolio optimization.
- Appointed Jonathan Benfield as CFO (July 20); credit facility amended, maturity extended to July 2031, SOFR spread removed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000119312526335332/0001193125-26-335332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000119312526335332/capl-20260805.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-335332

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