CrossAmerica Partners is a leading wholesale distributor of motor fuels, convenience store operator and owner and lessor of real estate used in the retail distribution of motor fuels. Its general partner, CrossAmerica GP LLC, is indirectly owned and controlled by entities affiliated with Joseph V. Topper, Jr., the founder of CrossAmerica Partners and a member of the board of the general partner since 2012. Formed in 2012, CrossAmerica Partners LP is a distributor of branded and unbranded petroleum for motor vehicles in the United States and distributes fuel to approximately 1,700 locations and owns or leases approximately 1,100 sites. With a geographic footprint covering 34 states, the Partnership has well-established relationships with several major oil brands, including ExxonMobil, BP, Shell, Chevron, Sunoco, Valero, Gulf, Citgo, Marathon and Phillips 66. CrossAmerica Partners ranks as one of ExxonMobil's largest distributors by fuel volume in the United States and in the top 10 for additional brands.

Company profile
Ticker
CAPL
Exchange
Website
CEO
Gerardo Valencia
Employees
Incorporated
Location
Fiscal year end
Former names
Lehigh Gas Partners LP
SEC CIK
Corporate docs
Subsidiaries
CAP OPERATIONS, INC. • CAP WEST VIRGINIA HOLDINGS, LLC • CAPL JKM HOLDINGS LLC • CAPL JKM PARTNERS LLC • CAPL JKM REALTY HOLDINGS LLC • CAPL JKM WHOLESALE LLC • CAPL RETAIL LLC • COBBLER’S CREEK LLC • DELG – UST I, LLC • ERICKSON OIL PRODUCTS, INC. ...
CAPL stock data
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
22 May 23
8-K
CrossAmerica Partners LP Reports First Quarter 2023 Results
8 May 23
10-Q
2023 Q1
Quarterly report
8 May 23
8-K
Quarterly distribution of $0.5250 per unit attributable to the first quarter of 2023
20 Apr 23
8-K
CrossAmerica Partners Enters into a New $925 Million Credit Facility
3 Apr 23
10-K
2022 FY
Annual report
27 Feb 23
8-K
CrossAmerica Partners LP Reports Fourth Quarter and Full Year 2022 Results
27 Feb 23
8-K
Quarterly distribution of $0.5250 per unit attributable to the fourth quarter of 2022
19 Jan 23
8-K
Departure of Directors or Certain Officers
2 Dec 22
8-K
Departure of Directors or Certain Officers
25 Nov 22
Transcripts
CAPL
Earnings call transcript
2023 Q1
9 May 23
CAPL
Earnings call transcript
2022 Q4
28 Feb 23
CAPL
Earnings call transcript
2022 Q3
8 Nov 22
CAPL
Earnings call transcript
2022 Q2
9 Aug 22
CAPL
Earnings call transcript
2022 Q1
10 May 22
CAPL
Earnings call transcript
2021 Q4
1 Mar 22
CAPL
Earnings call transcript
2021 Q3
9 Nov 21
CAPL
Earnings call transcript
2021 Q2
10 Aug 21
CAPL
Earnings call transcript
2021 Q1
11 May 21
CAPL
Earnings call transcript
2020 Q4
2 Mar 21
Latest ownership filings
Financial summary
Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 7.52 mm | 7.52 mm | 7.52 mm | 7.52 mm | 7.52 mm | 7.52 mm |
Cash burn (monthly) | 2.85 mm | 302.67 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 6.41 mm | 681.87 k | n/a | n/a | n/a | n/a |
Cash remaining | 1.11 mm | 6.84 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 0.4 | 22.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
81.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 55 |
Opened positions | 8 |
Closed positions | 11 |
Increased positions | 10 |
Reduced positions | 13 |
13F shares | Current |
---|---|
Total value | 191.02 bn |
Total shares | 30.93 mm |
Total puts | 10.00 k |
Total calls | 45.00 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Alimentation Couche Tard | 14.96 mm | $313.95 mm |
IVZ Invesco | 5.76 mm | $123.84 bn |
John B. Reilly III | 4.96 mm | $99.09 mm |
Goldman Sachs Asset Management | 1.78 mm | $25.21 mm |
Clearbridge Advisors | 699.34 k | $15.03 bn |
Mirae Asset Global Investments | 621.43 k | $13.35 bn |
JPM JPMorgan Chase & Co. | 347.59 k | $7.47 bn |
First Trust Advisors | 189.32 k | $4.07 bn |
GS Goldman Sachs | 186.34 k | $4.00 bn |
Raymond James Financial Services Advisors | 186.01 k | $4.00 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 May 23 | Topper Joseph V. Jr. | Common Units | Buy | Acquire P | Yes | No | 18.3153 | 3,000 | 54.95 k | 233,335 |
26 May 23 | Topper Joseph V. Jr. | Common Units | Buy | Acquire P | Yes | No | 18.3281 | 15,000 | 274.92 k | 230,335 |
25 May 23 | Topper Joseph V. Jr. | Common Units | Buy | Acquire P | Yes | No | 18.1917 | 6,000 | 109.15 k | 215,335 |
24 May 23 | Topper Joseph V. Jr. | Common Units | Buy | Acquire P | Yes | No | 18.4743 | 16,818 | 310.70 k | 209,335 |
23 May 23 | Topper Joseph V. Jr. | Common Units | Buy | Acquire P | Yes | No | 18.475 | 66 | 1.22 k | 192,517 |
23 May 23 | Topper Joseph V. Jr. | Common Units | Buy | Acquire P | No | No | 18.3767 | 13,539 | 248.80 k | 83,695 |
18 May 23 | Gannon Justin A. | Common Units | Buy | Acquire P | No | No | 18.75 | 500 | 9.38 k | 26,319 |
17 May 23 | Gannon Justin A. | Common Units | Buy | Acquire P | No | No | 18.99 | 1,000 | 18.99 k | 25,819 |
15 May 23 | Thomas E Kelso | Common Units | Buy | Acquire P | No | No | 19.4258 | 500 | 9.71 k | 500 |
News
Looking Into CrossAmerica Partners's Return On Capital Employed
23 May 23
CrossAmerica Partners Q1 EPS $(0.04) Misses $0.10 Estimate, Sales $1.02B Miss $1.04B Estimate
8 May 23
Earnings Scheduled For May 8, 2023
8 May 23
CrossAmerica Partners LP Enters Amended & Restated Five-Year Revolving Credit Facility Agreement
3 Apr 23
Press releases
CrossAmerica Partners LP Reports First Quarter 2023 Results
8 May 23
CrossAmerica Partners LP Maintains Quarterly Distribution
20 Apr 23
CrossAmerica Partners to Announce First Quarter 2023 Earnings Results on May 8
17 Apr 23
CrossAmerica Partners Enters into a New $925 Million Credit Facility
3 Apr 23