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.
Others in SIC 5172
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|---|---|---|---|---|
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| TMDE | TMD Energy Ltd | — | — | — |
| PTLE | PTL Ltd | — | — | -27.0% |
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| DLXY | Delixy Holdings Ltd | — | — | -2.3% |