CrossAmerica Partners LP CAPL
We were formed as a Delaware limited partnership in 2011 engaged in the wholesale distribution of motor fuel and the ownership and leasing of real estate used in the retail distribution of motor fuel. We also generate revenues from the operation of company operated retail sites.
The Topper Group controls the sole member of our General Partner and has the ability to appoint all of the members of the Board and to control and manage the operations and activities of the Partnership. As of February 20, 2026, the Topper Group also has beneficial ownership of a 38.5% limited partner interest in the Partnership.
Our principal executive office address is 645 Hamilton Street, Suite 400, Allentown, PA 18101, and our telephone number is (610) 625-8000. Our common units trade on the NYSE under the ticker symbol "CAPL."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.66B | $4.10B | $4.39B | $4.97B | $3.58B | $1.93B | $2.15B | $2.45B | $2.09B | $1.87B |
| Cost of revenue | $3.26B | $3.70B | $4.00B | $4.59B | $3.30B | $1.72B | $1.99B | $2.27B | $1.93B | $1.71B |
| Gross profit | $402.7M | $398.3M | $382.3M | $375.8M | $277.0M | $212.1M | $154.6M | $172.8M | $160.8M | $155.6M |
| SG&A | $28.0M | $28.8M | $27.0M | $25.6M | $30.9M | $21.0M | $16.8M | $18.0M | $27.9M | $24.2M |
| Total operating expenses | $349.3M | $332.7M | $298.9M | $280.9M | $242.9M | $180.7M | $124.4M | $146.4M | $146.7M | $139.6M |
| Operating income | $97.6M | $70.6M | $88.1M | $96.0M | $36.1M | $115.6M | $43.3M | $35.0M | $32.4M | $32.2M |
| Interest expense | $48.1M | $52.3M | $43.7M | $32.1M | $18.2M | $16.6M | $27.0M | $32.9M | $27.9M | $22.8M |
| Pre-tax income | $50.1M | $19.0M | $45.1M | $64.4M | $18.4M | $99.5M | $16.8M | $2.5M | $4.9M | $10.3M |
| Income tax | $8.3M | $3.4M | $2.5M | $714.0K | $3.2M | $7.9M | $1.2M | $2.7M | $18.2M | $453.0K |
| Net income | $41.8M | $22.5M | $42.6M | $63.7M | $21.7M | $107.5M | $18.1M | $5.3M | $23.2M | $10.7M |
| EPS, basic | 1.03 | 0.52 | 1.06 | 1.63 | 0.57 | — | — | — | — | 0.22 |
| EPS, diluted | 1.02 | 0.52 | 1.05 | 1.63 | 0.57 | — | — | — | — | 0.22 |
| Shares, diluted (wtd. avg.) | 38.2M | 38.2M | 38.1M | 38.1M | 37.9M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.1M | $3.4M | $5.0M | $16.1M | $7.6M | $513.0K | $1.8M | $3.2M | $3.9M | $1.4M |
| Receivables | $28.6M | $31.6M | $31.2M | $30.8M | $33.3M | $28.5M | $38.1M | $16.2M | $27.8M | $29.3M |
| Inventory | $59.6M | $63.2M | $52.3M | $47.3M | $46.1M | $23.3M | $6.2M | $14.1M | $15.1M | $13.2M |
| Total current assets | $111.1M | $118.8M | $108.5M | $118.4M | $106.3M | $74.8M | $69.4M | $50.9M | $80.5M | $65.4M |
| Property, plant and equipment | $547.7M | $656.3M | $705.2M | $728.4M | $755.5M | $570.9M | $565.9M | $647.4M | $681.0M | $677.3M |
| Goodwill | $99.4M | $99.4M | $99.4M | $99.4M | $100.5M | $88.8M | $88.8M | $88.8M | $89.1M | $89.1M |
| Other intangibles | $61.6M | $77.2M | $95.3M | $113.9M | $114.2M | $92.9M | $45.0M | $59.1M | $76.1M | $80.8M |
| Total assets | $964.7M | $1.11B | $1.18B | $1.26B | $1.27B | $1.01B | $911.1M | $866.9M | $947.2M | $932.0M |
| Accounts payable | $63.4M | $74.0M | $69.0M | $77.0M | $67.2M | $64.0M | $57.4M | $32.6M | $35.8M | $34.9M |
| Total current liabilities | $155.2M | $162.8M | $161.1M | $175.3M | $163.9M | $146.9M | $112.6M | $88.4M | $93.5M | $75.1M |
| Long-term debt | $693.5M | $772.2M | $764.0M | $767.9M | $818.9M | $530.6M | $539.2M | $520.6M | $531.1M | — |
| Total liabilities | $1.04B | $1.14B | $1.15B | $1.18B | $1.21B | $904.7M | $832.8M | $756.0M | $776.2M | $711.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $91.5M | $87.8M | $117.1M | $161.3M | $95.5M | $104.5M | $72.3M | $89.8M | $89.0M | $79.4M |
| Depreciation and amortisation | $89.6M | $76.0M | $77.2M | $80.6M | $77.9M | $68.7M | $55.0M | $66.5M | $57.5M | $54.4M |
| Stock-based compensation | $1.9M | $1.5M | $3.0M | $2.3M | $1.3M | $172.0K | $1.2M | $481.0K | $1.9M | $3.9M |
| Capital expenditure | $35.7M | $26.3M | $34.6M | $30.4M | $41.9M | $37.1M | $24.6M | $13.7M | $12.5M | $20.8M |
| Investing cash flow | $68.4M | -$16.3M | -$28.2M | -$46.4M | -$298.7M | -$19.5M | -$15.5M | -$6.8M | -$60.1M | -$96.9M |
| Financing cash flow | -$160.2M | -$73.1M | -$100.0M | -$106.5M | $210.4M | -$86.2M | -$58.2M | -$83.7M | -$26.3M | $17.6M |
| Dividends paid | $80.0M | $79.9M | $79.7M | $79.6M | $79.6M | $77.8M | $72.3M | $75.6M | $83.8M | $80.0M |
| Buybacks | — | — | — | — | — | — | — | — | — | $3.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-071870.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.87B | $2.09B | $2.45B | $2.15B | $1.93B | $3.58B | $4.97B | $4.39B | $4.10B | $3.66B |
| Gross profit | $155.6M | $160.8M | $172.8M | $154.6M | $212.1M | $277.0M | $375.8M | $382.3M | $398.3M | $402.7M |
| Net income | $10.7M | $23.2M | $5.3M | $18.1M | $107.5M | $21.7M | $63.7M | $42.6M | $22.5M | $41.8M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 5172
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| WKC | WORLD KINECT CORP | $1.87B | — | -12.5% |
| BANL | CBL International Ltd | — | — | -9.1% |
| TMDE | TMD Energy Ltd | — | — | — |
| PTLE | PTL Ltd | — | — | -27.0% |
| UFG | Uni-Fuels Holdings Ltd | — | — | 70.0% |
| DLXY | Delixy Holdings Ltd | — | — | -2.3% |