Crossamerica Partners LP ( (CAPL) ) has released its Q1 earnings. Here is a breakdown of the information Crossamerica Partners LP presented to its investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
CrossAmerica Partners LP is a prominent wholesale fuels distributor and convenience store operator in the United States, known for its extensive real estate holdings used in the retail distribution of motor fuels.
In the first quarter of 2025, CrossAmerica Partners LP reported a net loss of $7.1 million, an improvement from the $17.5 million loss in the same period last year. The company also saw a slight increase in Adjusted EBITDA to $24.3 million, indicating a modest improvement in its financial performance.
Key highlights from the earnings report include a 16% increase in gross profit for the retail segment, driven by a 17% increase in site count and improved fuel margins. However, the wholesale segment experienced a slight decline in gross profit due to a decrease in rent income and wholesale volume, despite an increase in fuel margin per gallon. The company’s ongoing real estate rationalization efforts contributed to gains from asset sales, which helped offset some of the financial challenges.
Looking forward, CrossAmerica Partners LP continues to focus on optimizing its asset portfolio and enhancing its operational efficiency. The management remains cautiously optimistic about navigating the challenging market conditions while maintaining its strategic initiatives to strengthen its business foundation.