Crossamerica Partners (CAPL)
NYSE:CAPL
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.38Last Year’s EPS
0.64Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights a strong operational and financial quarter: record Q1 adjusted EBITDA (+45%), a return to net income, materially higher distributable cash flow (+136%), margin expansion in retail merchandise and stronger retail fuel margins, along with disciplined expense control and targeted asset sales that reduced debt and leverage. Offsetting these positives are persistent volume declines across retail (same-store -7%) and wholesale, reduced wholesale gross profit, site count reductions due to conversions and sales, and an accounting-driven increase in finance lease obligations. On balance, the positive operational leverage, cash generation, margin improvements, and debt reduction outweigh the volume and wholesale challenges.Company Guidance
Record Q1 Adjusted EBITDA
Adjusted EBITDA of $35.1M for Q1 2026, a record for the quarter and a 45% increase versus Q1 2025 (up $10.8M from $24.3M).
Return to Net Income
Net income of $10.7M in Q1 2026 compared to a net loss of $7.1M in Q1 2025, driven by higher EBITDA and lower interest and impairment charges.
Strong Retail Gross Profit and Fuel Margin
Retail segment gross profit rose to $74.3M from $63.2M, an 18% increase year-over-year, driven by higher motor fuel margins and merchandise sales. Retail fuel margin increased to $0.437/gal from $0.339/gal, roughly a 29% improvement.
Merchandise Performance and Margin Expansion
Merchandise gross profit increased to $27.0M (+8% YoY) and merchandise gross margin expanded to 29.7%, up 180 basis points versus the prior year, supported by improved mix and successful promotions (e.g., breakfast sandwiches, chicken tenders).
Improved Cash Generation and Distribution Coverage
Distributable cash flow more than doubled to $21.5M from $9.1M (+136%), and the quarterly distribution coverage ratio improved to 1.07x from 0.46x year-over-year; trailing 12-month coverage is 1.25x versus 1.04x prior year. A distribution of $0.525/unit was paid for the quarter.
Expense and Operating Efficiency Gains
Total operating expenses declined $2.4M YoY to $56.4M (sixth consecutive quarter of declines). Retail operating expenses down ~3% on a same-store basis; wholesale operating expenses down 10%. G&A declined $1.2M YoY to $6.5M.
Capital Allocation and Debt Reduction
Real estate sales of 16 properties generated ~$12.7M of proceeds primarily used to pay down debt; credit facility balance reduced by approximately $10M during the quarter and credit-facility-defined leverage decreased to 3.35x from 4.27x a year earlier.
Lower Cash Interest and Favorable Debt Mix
Cash interest expense declined from $12.4M to $10.3M YoY (down ~$2.1M). Over 55% of the credit facility balance is swapped to fixed rate (~3.4% blended) and the effective facility rate was 5.6% at quarter end.
Disciplined Capital Spending
Total capex of $3.4M in Q1 (growth $2.1M, sustaining $1.3M) with continued focus on food-related investments at company-operated sites to drive merchandise sales and margins.
CAPL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CAPL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $20.72 | $21.32 | +2.90% |
Feb 25, 2026 | $19.29 | $19.77 | +2.48% |
Nov 05, 2025 | $19.09 | $19.56 | +2.45% |
Aug 06, 2025 | $18.65 | $18.74 | +0.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Crossamerica Partners (CAPL) report earnings?
Crossamerica Partners (CAPL) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is Crossamerica Partners (CAPL) earnings time?
Crossamerica Partners (CAPL) earnings time is at Aug 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CAPL EPS forecast?
CAPL EPS forecast for the fiscal quarter 2026 (Q2) is 0.38.