CrossAmerica Partners: A Year of Challenges and Opportunities
Generated by AI AgentWesley Park
Friday, Feb 28, 2025 6:58 am ET1min read
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.
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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