What guidance did CrossAmerica's management provide for the next earnings period?

What is CrossAmerica's latest dividend and current dividend yield?

What were the key takeaways from CrossAmerica’s earnings call?

Did CrossAmerica beat or miss consensus estimates last quarter?

What is the market's earnings forecast for CrossAmerica next quarter?

What is CrossAmerica's gross profit margin?

What does CrossAmerica do and what are its main business segments?

What were the key takeaways from CrossAmerica's earnings call?

- **Retail Growth**: 10% gross profit increase, 19% margin expansion, and 1% inside sales growth offset by 8% volume decline.
- **Wholesale Resilience**: 13% margin improvement despite 6% volume drop, reflecting strategic site conversions.
- **Financial Health**: 22% EBITDA rise, 35% distributable cash flow increase, and 1.41x coverage ratio.
- **Debt Reduction**: $75 million debt paydown via $100 million asset sales, lowering leverage to 3.51x.
- **Future Outlook**: 2026 focus on margin optimization, selective asset sales, and retail expansion.

**【CEO Summary Section】**
- **Retail Segment Performance**: Gross profit increased 10% to $82.9 million, driven by a 19% rise in fuel margins ($0.449 vs. $0.376 per gallon). Same-store volume declined 8% YoY but outperformed national trends. Inside sales (excluding cigarettes) grew 1%, with strong performance in higher-margin categories like other tobacco products.
- **Wholesale Segment**: Gross profit decreased 7% to $24.2 million, but fuel margin improved 13% to $0.093 per gallon. Volume declined 6% due to site conversions to retail, with same-store volume down 3.5% vs. national demand of 5%.
- **Asset Optimization**: Sold 11 sites in Q4, generating $8.8 million proceeds, and completed $100 million in asset sales for the year, reducing debt by $75 million.
- **Expense Management**: Operating expenses declined 5% YoY, with retail and wholesale segments down 1% and 18%, respectively, due to efficient staffing and maintenance savings.

**【CFO Financial Commentary】**
- **Net Income & EBITDA**: Q4 net income of $10.2 million vs. $16.9 million in 2024, with adjusted EBITDA up 22% to $43.4 million. Full-year distributable cash flow rose 2% to $87.8 million, driven by lower interest expense ($46.2M vs. $50.4M) and asset sales, improving the distribution coverage ratio to 1.10x.
- **Balance Sheet Strength**: Reduced credit facility balance to $692.3 million, lowering leverage ratio to 3.51x from 4.36x. Interest rate swaps fixed 55% of debt at 3.4%, reducing effective rate to 5.6%.
- **Liquidity**: Q4 distributable cash flow of $28.5 million (35% YoY increase) supported a distribution of $0.525 per unit, with coverage at 1.41x.

**【Q&A Highlights】**
- No questions were asked during the call, but management emphasized continued focus on asset sales, class of trade conversions, and margin optimization for 2026.

CrossAmerica Partners LP(CAPL)-20260226-2025 Q4 Earnings call transcript

- **Revenue Decline**: Retail (-4%) and Wholesale (-10%) segments underperformed due to lower fuel margins and volume declines.
- **Inside Sales Growth**: 4% same-store growth (excluding cigarettes) driven by higher-margin categories.
- **Asset Sales Impact**: $100M YTD proceeds reduced debt by $62M, lowering leverage to 3.56x.
- **Expense Efficiency**: 6% YoY decline in operating expenses, with G&A down 11%.
- **Liquidity Strength**: Distributable cash flow stable at $27.8M, supported by reduced interest costs.

**【Management Opening Remarks】**
- Maura Topper provided an overview of the call structure, emphasizing operational and financial highlights for Q3 2025. She reminded listeners of the risks associated with forward-looking statements and non-GAAP measures.

**【CEO Operational Summary】**
- **Retail Segment**: Gross profit declined 4% to $80 million due to lower fuel margins ($0.384 vs. $0.406 per gallon) and 4% volume decline. Inside sales grew 4% (3% excluding cigarettes), driven by higher-margin categories like packaged beverages and food. Same-store volume underperformed national demand (-2.5% vs. -2.5% market decline). Site divestitures reduced company-operated sites by 8 and commission sites by 3.
- **Wholesale Segment**: Gross profit fell 10% to $24.8 million due to 5% volume decline and margin contraction. 177.7M gallons sold (-5% YoY). Asset sales generated $22M, reducing debt by $21.5M and lowering leverage to 3.56x (from 4.36x YoY).
- **Strategic Actions**: Sold 29 sites for $100M YTD, exceeding prior-year asset sales. Focused on optimizing portfolio for long-term success.

**【CFO Financial Commentary】**
- **Net Income**: $13.6M (vs. $10.7M YoY), driven by $7.4M asset sale gains and $1.3M interest expense decline.
- **Adjusted EBITDA**: $41.3M (-6% YoY), offset by $4M expense savings.
- **Distributable Cash Flow**: $27.8M (flat YoY) due to lower interest and capex.
- **Liquidity**: Reduced revolver balance to $705.5M, improving coverage ratio to 1.39x.
- **Expense Management**: Operating expenses down 6% ($57.5M vs. $60.7M YoY), with G&A down 11% and site-level costs optimized.

**【Q&A Highlights】**
- No questions were asked during the session.

CrossAmerica Partners LP Common Units (CAPL) Q3 2025 Earnings Call Transcript

- **Strategic Asset Sales**: $64M in proceeds reduced debt by $50M, positioning portfolio for long-term growth.
- **Resilient Retail Performance**: Outperformed national volume demand (-2% vs. -4%), with inside sales up 4% YoY.
- **Financial Strength**: Net income doubled YoY to $25.2M, leverage ratio improved to 3.65x, and interest expense reduced 12% YoY.
- **Challenges**: Adjusted EBITDA down 14% YoY, distributable cash flow -14%, reflecting macro demand headwinds.

**【CEO Operational Summary】**
- **Record Asset Sales**: Sold 60 sites for $64 million, reducing debt by $50 million and optimizing portfolio by exiting non-strategic markets (e.g., Kansas, Colorado). Proceeds were reinvested in strategic retail locations.
- **Operational Resilience**: 
  - Retail segment EBITDA declined 1% YoY to $76.1M, driven by 2% same-store volume decline vs. 4% national decline.
  - Inside sales (excluding cigarettes) grew 4% YoY, with strong performance in food/beverage categories.
  - Wholesale segment EBITDA fell 12% YoY to $24.9M due to 7% volume decline from class-of-trade conversions.
- **Fuel Margin Dynamics**: Retail fuel margin stable at $0.37/gallon (flat YoY), while wholesale margin declined 2% to $0.085/gallon.
- **Cost Management**: Q2 operating expenses increased 1% YoY to $57.9M, but 3% lower than Q1 2025, reflecting stabilization post-class-of-trade conversions.

**【CFO Financial Commentary】**
- **Net Income Growth**: $25.2M (vs. $12.4M YoY), driven by $28.4M gains from asset sales.
- **Adjusted EBITDA**: $37.1M (-14% YoY), impacted by lower fuel/rent gross profit and higher expenses.
- **Distributable Cash Flow**: $22.4M (-14% YoY), reflecting lower EBITDA and higher capex.
- **Balance Sheet Strength**: Reduced credit facility balance to $727M (from $778M Q1), lowering leverage ratio to 3.65x (vs. 4.36x end-2024).
- **Interest Savings**: Effective rate 6.1%, with 50% of debt hedged at 3.4% fixed rate.
- **Coverage Ratios**: Q2 coverage 1.12x (vs. 1.30x YoY), trailing 12-month coverage 1.0x (vs. 1.32x YoY).

CrossAmerica Partners LP Common Units (CAPL) Q2 2025 Earnings Call Transcript

- **Retail Margin Power**: 10% fuel margin expansion and 23% wholesale margin boost offset volume headwinds.
- **Site Conversion Payoff**: +64 sites year-over-year driving $63.2M retail GP, with 7 sites sold for $8.6M.
- **Financial Resilience**: 3% EBITDA growth vs 15% net loss reduction, despite 23% interest expense hike.
- **Growth Investments**: $7.4M in QSR and food programs to drive future traffic and margin.

**【CEO Operational Highlights】**
- **Retail Segment Growth**: Gross Profit increased 16% to $63.2M, driven by 10% higher fuel margin ($0.339 vs $0.308/gallon) despite 4% volume decline. Same-store inside sales outperformed market (-1% vs -3%).
- **Wholesale Segment Margin Expansion**: Fuel margin rose 23% to $0.097/gallon, offsetting 11% volume decline. 7 sites sold for $8.6M, with 2025 divestiture momentum expected.
- **Strategic Site Conversions**: +64 retail sites year-over-year, converting lessee dealers to company-operated/commissioned, driving future margin growth.

**【CFO Financial Summary】**
- **Adjusted EBITDA**: $24.3M (+3% YoY), despite $7.1M net loss (vs $17.5M prior year loss). Distributable cash flow $9.1M (-22% YoY) due to higher interest ($12.4M vs $10.1M) and capex.
- **Expense Management**: Retail opex +20% YoY (6% same-store), balanced by 19% wholesale opex decline. Sustaining capex $2.7M vs growth capex $7.4M for QSR expansion.
- **Leverage & Liquidity**: $778M debt with 4.27x leverage. 50% of debt hedged at 3.4% fixed rate, vs 6.1% effective rate. Focus on cash flow generation to reduce leverage.

CrossAmerica Partners (CAPL)-8 May 25-2025 Q1 Earnings call transcript

- **Retail Growth Driver**: 9% Q4 gross profit increase to $75.1M despite fuel margin decline, supported by 2% same-store volume vs. -4% national demand. 
- **Wholesale Restructuring**: 22% EBITDA decline in wholesale segment due to 12% volume drop, offset by $36.3M divestiture proceeds in 2024. 
- **Site Conversion Impact**: 107 sites converted to retail in 2024, driving 25% rise in retail expenses but positioning for long-term margin expansion. 
- **Financial Resilience**: 1.08x distribution coverage in 2024 vs. 1.46x prior year, with 50% debt hedged at 3.4% to mitigate rate risk. 
- **2025 Focus**: Portfolio optimization, retail customer experience enhancement, and capital recycling via divestitures.

**【CEO Operational Highlights】**
- **Retail Segment Performance**: Q4 2024 gross profit increased 9% to $75.1M, driven by merchandise margin growth despite a 9% decline in fuel margin ($0.376 vs. $0.415 per gallon). Same-store volume rose 2% vs. national demand decline of 4%. Inside sales (excluding cigarettes) grew 2% on a same-store basis. 
- **Wholesale Segment Challenges**: Q4 2024 gross profit declined 22% to $25.9M due to volume drop (12% to 180.5M gallons) and margin contraction (13% to $0.082 per gallon). 11 sites were divested for $17.3M in Q4, with 30 total divestitures in 2024 generating $36.3M.
- **Strategic Site Conversions**: Converted 107 sites to retail class of trade in 2024, increasing company-operated sites by 69 and commission agent sites by 30. Retail site count grew 99 to 1,200+ locations.
- **2025 Outlook**: Focus on optimizing portfolio through strategic conversions, enhancing retail customer experience, and maintaining wholesale partnerships. Expect continued capital recycling via divestitures.

**【CFO Financial Review】**
- **Net Income & EBITDA**: Q4 2024 net income $16.9M (vs. $16.7M), adjusted EBITDA $35.5M (-26% vs. Q4 2023). Full year 2024 distributable cash flow $86M (-26% vs. 2023). 
- **Operating Expenses**: Retail segment expenses rose 32% due to 25% increase in company-operated sites. Repairs/maintenance costs climbed 8% on same-store basis. Wholesale expenses declined 21% with site count reduction. 
- **Leverage & Interest**: Credit facility balance $767.5M (4.36x leverage). Interest expense $50.4M in 2024 (+20%). 50% of debt hedged at 3.4% fixed rate. 
- **Capital Allocation**: Q4 2024 capex $7.2M (50% growth-related). 2024 total capex $26.3M (+38% vs. 2023).

CrossAmerica Partners (CAPL)-27 Feb 25-2024 Q4 Earnings call transcript

CrossAmerica Partners (CAPL)-7 Nov 24-2024 Q3 Earnings call transcript

CrossAmerica Partners (CAPL)-9 May 24-2024 Q1 Earnings call transcript

CrossAmerica Partners (CAPL)-27 Feb 24-2023 Q4 Earnings call transcript

- **Wholesale Challenges**: 4% gross profit decline despite 2% volume growth, driven by lower fuel margins.
- **Retail Resilience**: Merchandise gross profit up 23%, same-store sales +4%, offsetting 30% fuel margin decline.
- **Financial Discipline**: Distributable cash flow $31.4M, coverage ratio 1.57x, with 4.35x leverage ratio.
- **Strategic Growth**: 40+ site conversions to company-operated retail, $8.3M from divestitures.

**【Management Opening Remarks】**
- CFO Maura Topper opened the call, noting the availability of presentation slides and reminding participants about forward-looking statements and GAAP/non-GAAP reconciliations. She emphasized the company's focus on operational execution and financial discipline.

**【CEO Summary Section】**
- **Wholesale Segment**: Gross profit declined 4% to $18.8M due to lower fuel margins ($0.086 vs $0.092 per gallon) despite a 2% volume increase to 217.3M gallons. Same-store volume fell 1.2% YoY, with recent weekly declines of 2-3%.
- **Retail Segment**: Gross profit rose to $67.6M, driven by a 23% increase in merchandise gross profit ($25.4M) and 4% same-store sales growth (9% excluding cigarettes). Fuel margin dropped 30% to $0.372 per gallon, but margins improved sequentially.
- **Site Conversions**: Converted 40+ sites to company-operated retail, enhancing profitability. Year-to-date, 8 properties were divested for $8.3M, freeing capital for growth or debt reduction.

**【CFO Financial Commentary】**
- **Net Income**: $12.3M vs $27.6M YoY, reflecting 2022's exceptional margins. Adjusted EBITDA was $44.2M vs $62.6M, with distributable cash flow at $31.4M vs $50.9M.
- **Expense Management**: Operating expenses rose $3.8M due to retail conversions, but G&A increased 4% solely from equity compensation. Same-store labor hours grew 2% YoY.
- **Capital Structure**: $762.5M credit facility balance with 65% fixed-rate swaps, yielding an effective rate of 4.9%. Leverage ratio was 4.35x, within target range.


Actual											2	0.14	0.56	0.24	-0.1	0.13	0.23	0.32	0.13	0.35	0.71	0.43	-0.04	0.36	0.31	0.42	-0.48	0.31	0.27	0.42	-0.2	0.64	0.34	0.25
Forecast											0.1633	-0.025	0.185	0.11	0.085	0.155	0.205	0.21	0.14	0.33	0.31	0.17	0.1	0.15	0.17	0.22	-0.01	0.06	0.25	0.04	-0.06	0.2	0.07	0.05
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+1124.74%	+660.00%	+202.70%	+118.18%	-217.65%	-16.13%	+12.20%	+52.38%	-7.14%	+6.06%	+129.03%	+152.94%	-140.00%	+140.00%	+82.35%	+90.91%	-4700.00%	+416.67%	+8.00%	+950.00%	-233.33%	+220.00%	+385.71%	+400.00%

CAPL

CAPL fundamentals

CAPL Q4 2025 Earnings

Earnings Call

You can ask Aime

CAPL

CAPL fundamentals

CAPL Q4 2025 Earnings

Earnings Call

CAPL Earnings Call Summary for Q4/20259:00 AM on Feb 26, 2026

CAPL Earnings Call Summary for Q3/20259:00 AM on Nov 6, 2025

CAPL Earnings Call Summary for Q2/20259:00 AM on Aug 7, 2025

CAPL Earnings Call Summary for Q1/20259:00 AM on May 8, 2025

CAPL Earnings Call Summary for Q4/20249:00 AM on Feb 27, 2025

You can ask Aime