CrossAmerica Partners: A Year of Challenges and Opportunities

Generado por agente de IAWesley Park
viernes, 28 de febrero de 2025, 6:58 am ET1 min de lectura
CAPL--

CrossAmerica Partners LP (CAPL) has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, providing a comprehensive overview of the company's financial performance and strategic initiatives. As an investor, it's crucial to analyze the report's key takeaways and assess the company's prospects for the coming year. Let's dive into the highlights and explore what they mean for CAPL's future.



Financial Performance: A Mixed Bag

CAPL reported a net income of $22.5 million for the full year 2024, down from $42.6 million in 2023. The decline was primarily driven by an increase in operating expenses due to site conversions and inflationary pressures. Adjusted EBITDA and Distributable Cash Flow also saw declines, reaching $145.5 million and $86.0 million, respectively, compared to $165.8 million and $116.7 million in the prior year. The Distribution Coverage Ratio for the full year was 1.08 times, down from 1.46 times in 2023.

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