secwatch / observer

CrossAmerica Partners LP — fact timeline

Source-grounded facts extracted from CrossAmerica Partners LP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

CAPL CrossAmerica Partners LP JSON

Jonathan E. Benfield was appointed as Chief Financial Officer at CrossAmerica Partners LP.

“On July 20, 2026, the Board of Directors (the “Board”) of CrossAmerica GP LLC, the general partner (the “General Partner”) of CrossAmerica Partners LP (“CrossAmerica” or the “Partnership”), appointed Jonathan E. Benfield to serve as Chief Financial Officer of the General Partner, effective immediately.”
Earnings Releases

CrossAmerica Partners LP reported first quarter ended March 31, 2026 results: net income Net Income of $10.7 million.

“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”
Earnings Releases

CrossAmerica Partners LP reported quarter ended March 31, 2024 results: net income Net Loss of $17.5 million.

“Reported First Quarter 2024 Net Loss of $17.5 million that includes a $15.9 million loss on lease terminations with Applegreen, Adjusted EBITDA of $23.6 million and Distributable Cash Flow of $11.7 million compared to a Net Loss of $1.0 million, Adjusted EBITDA of $31.7 million and Distributable Cash Flow of $19.1 million for the First Quarter 2023”
Earnings Releases

CrossAmerica Partners LP reported Full Year 2023 results: net income $42.6 million.

“Generated Full Year 2023 Net Income of $42.6 million, Adjusted EBITDA of $165.8 million and Distributable Cash Flow of $116.7 million compared to Full Year 2022 Net Income of $63.7 million, Adjusted EBITDA of $179.8 million and Distributable Cash Flow of $140.9 million”
Earnings Releases

CrossAmerica Partners LP reported Fourth Quarter 2023 results: net income $16.7 million.

“Reported Fourth Quarter 2023 Net Income of $16.7 million, Adjusted EBITDA of $47.6 million and Distributable Cash Flow of $35.8 million compared to Fourth Quarter 2022 Net Income of $17.1 million, Adjusted EBITDA of $44.3 million and Distributable Cash Flow of $33.3 million”
Earnings Releases

CrossAmerica Partners LP reported the quarter ended September 30, 2023 results: net income $12.3 million.

“CrossAmerica Partners LP Reports Third Quarter 2023 Results - Reported Third Quarter 2023 Net Income of $12.3 million”
Earnings Releases

CrossAmerica Partners LP reported the quarter ended June 30, 2023 results: net income $14.5 million.

“CrossAmerica Partners LP Reports Second Quarter 2023 Results - Reported Second Quarter 2023 Net Income of $14.5 million”
Earnings Releases

CrossAmerica Partners LP reported the first quarter ended March 31, 2023 results: net income Net Loss of $1.0 million.

“CrossAmerica Partners LP Reports First Quarter 2023 Results - Reported First Quarter 2023 Net Loss of $1.0 million, Adjusted EBITDA of $31.7 million and Distributable Cash Flow of $19.1 million”
Debt Financings

CrossAmerica Partners LP amended revolving credit of $925 million with Citizens Bank, N.A. at SOFR plus a margin ranging from 1.75% to 2.75% per annum maturing March 31, 2028.

“The A&R Credit Agreement provides for an increase of the senior secured revolving credit facility from $750 million to $925 million and extends the maturity date from April 1, 2024 to March 31, 2028.”
Material Agreements

CrossAmerica Partners LP entered into Amendment and Restatement Agreement with Citizens Bank, N.A. valued at $925,000,000 credit facility increased from $750,000,000, maturity extended to March 31, 2028 (effective 2023-03-31).

“On March 31, 2023, CrossAmerica Partners LP, a publicly traded Delaware limited partnership (the “Partnership”), and its subsidiary, Lehigh Gas Wholesale Services, Inc., a Delaware corporation (together with the Partnership, the “Borrowers”), entered into an Amendment and Restatement Agreement, dated as of March 31, 2023 (the “A&R Agreement”), by and among the Borrowers, certain domestic subsidiaries of the Borrowers party thereto, as guarantors (the “Guarantors”), the lenders party thereto, and Citizens Bank, N.A., as administrative agent, swing line lender and L/C issuer (the “Agent”).”
Earnings Releases

CrossAmerica Partners LP reported financial results for the year ended December 31, 2022.

“On February 27, 2023, CrossAmerica Partners LP (“CrossAmerica” or the “Partnership”) issued a press release announcing its financial results for the year ended December 31, 2022.”

Mathew Evan Naylor resigned as other_named_officer at CrossAmerica Partners LP.

“On November 30, 2022, VUC Inc. (the “Company”), an affiliate of CrossAmerica Partners LP (the “Partnership”) and CrossAmerica GP LLC (the “General Partner”), and Mathew Evan Naylor entered into a Separation and Release Agreement (the “Agreement”) in connection with the termination on November 18, 2022 of Mr. Naylor’s employment with the Company and his resignation as an officer of affiliates and subsidiaries of the Partnership.”

Mathew Evan Naylor was terminated as other_named_officer at CrossAmerica Partners LP.

“On and effective November 18, 2022, Mathew Evan Naylor’s employment with VUC Inc., an affiliate of CrossAmerica Partners LP (the “Partnership”), terminated and he will no longer serve as an officer of subsidiaries or affiliates of CrossAmerica GP LLC or the Partnership.”
Material Agreements

CrossAmerica Partners LP amended Amendment with Citizens Bank, N.A., as administrative agent, and the lenders party thereto (effective 2022-11-09).

“On November 9, 2022, CrossAmerica Partners LP (the “Partnership”), in connection with its acquisition (such acquisition, the “CSS Acquisition”) of certain assets of Community Service Stations, Inc. (“CSS”) pursuant to an Asset Purchase Agreement, dated as of August 23, 2022, among CSS, as seller, and LGP Realty Holdings LP, Lehigh Gas Wholesale LLC, and Lehigh Gas Wholesale Services, Inc. (“Services”), as buyers, entered into an amendment (the “Amendment”) to the Partnership’s Credit Agreement, dated as of April 1, 2019 (as previously amended, the “Credit Agreement”), among the Partnership and Services, as borrowers, the guarantors from time to time party thereto, the lenders from time to time party thereto and Citizens Bank, N.A., as administrative agent.”
Earnings Releases

CrossAmerica Partners LP reported the third quarter ended September 30, 2022 results: net income $27.6 million, EPS $0.71 per diluted common unit.

“CrossAmerica Partners LP (“CrossAmerica” or the “Partnership”) issued a press release announcing its financial results for the quarter ended September 30, 2022.”

David Sheaffer retired as Chief Accounting Officer at CrossAmerica Partners LP.

“Mr. Benfield will succeed David Sheaffer ahead of Mr. Sheaffer’s planned retirement in 2022.”

Jonathan E. Benfield was appointed as Chief Accounting Officer at CrossAmerica Partners LP.

“appointed Jonathan E. Benfield as Chief Accounting Officer of the General Partner, effective as of March 9, 2022.”

Jonathan E. Benfield was appointed as Chief Financial Officer of CrossAmerica's Retail division at CrossAmerica Partners LP.

“whom the Board appointed as Chief Financial Officer of CrossAmerica’s Retail division, effective as of September 10, 2021.”

David Sheaffer was appointed as Principal Accounting Officer at CrossAmerica Partners LP.

“appointed David Sheaffer as Principal Accounting Officer of the General Partner.”

Maura Topper was appointed as Chief Financial Officer at CrossAmerica Partners LP.

“On August 9, 2021, the Board of Directors (the “Board”) of CrossAmerica GP LLC, the general partner (the “General Partner”) of CrossAmerica, appointed Maura Topper as Chief Financial Officer of the General Partner, effective as of August 11, 2021.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.