Crossamerica Partners (CAPL)
NYSE:CAPL
Earnings Data
Report Date
May 11, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.16Last Year’s EPS
-0.2Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and financial picture: strong fuel margin expansion, merchandise margin improvement, a sizable increase in adjusted EBITDA and distributable cash flow, disciplined expense management, and record asset sales that materially reduced leverage and interest costs. Offsetting these positives were notable volume declines across retail and wholesale (partly due to an exceptionally strong prior-year comparison and intentional pricing/conversion decisions), a drop in Q4 net income driven by fewer asset sale gains in the quarter, and modest full-year operating expense growth. Overall, the company appears to be in a stronger financial position entering 2026 with improved margins and balance sheet flexibility, while managing volume headwinds through pricing and portfolio optimization.Company Guidance
Retail Gross Profit Growth (Q4)
Retail segment gross profit increased 10% year-over-year to $82.9 million in Q4 2025 from $75.1 million in Q4 2024, driven primarily by higher motor fuel gross profit and stronger retail fuel margins.
Retail Fuel Margin Improvement
Retail fuel margin rose to $0.449 per gallon in Q4 2025 from $0.376 per gallon in Q4 2024, an increase of 19% year-over-year, helped by lower crude prices, better sourcing costs and favorable retail market conditions.
Merchandise Sales and Margin Expansion
Store merchandise gross profit increased 3% to $28.8 million in Q4 2025, with merchandise gross margin up approximately 70 basis points year-over-year, supported by growth in higher-margin categories (other tobacco products, packaged beverages) and conversion from commission to direct sales for certain products.
Adjusted EBITDA and Distributable Cash Flow Strength
Adjusted EBITDA for Q4 2025 was $43.4 million versus $35.5 million in Q4 2024, a 22% increase. Distributable cash flow for Q4 rose 35% to $28.5 million from $21.1 million year-over-year.
Improved Distribution Coverage and Payout
Distribution coverage ratio improved to 1.43x in Q4 2025 from 1.06x in Q4 2024. The partnership paid a distribution of $0.525 per unit during the quarter.
Wholesale Fuel Margin and Motor Fuel Gross Profit Up (Q4)
Wholesale motor fuel gross profit increased 6% to $15.7 million in Q4 2025 from $14.8 million in Q4 2024. Wholesale fuel margin per gallon increased 13% to $0.093 from $0.082 year-over-year, supported by better sourcing costs.
Record Asset Sale Proceeds and Debt Reduction
Real estate rationalization produced over $100 million in proceeds for 2025 (company's largest year of asset sales). Q4 asset sales included 11 sites with proceeds of ~$8.8 million used primarily to pay down debt. Total revolver balance was reduced by ~$75 million during 2025, ending the year at $692.3 million.
Lower Interest Expense and Improved Leverage
Cash interest declined to $10.5 million in Q4 2025 from $12.9 million in Q4 2024 (-18.6%) and full-year cash interest fell to $46.2 million from $50.4 million (-8.3%). Credit facility-defined leverage improved to 3.51x from 4.36x year-over-year. Over 55% of the credit facility is swapped to fixed (~3.4% blended); effective interest on the facility was 5.6% at quarter end.
Operating Expense Discipline
Total operating expenses declined by $2.0 million in Q4 2025 versus Q4 2024 (fifth consecutive quarter of declining operating expenses). Wholesale operating expenses fell ~18% for the quarter; retail site-level same-store operating expenses down ~1%.
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 |
|---|---|---|---|
Feb 25, 2026 | $19.78 | $20.27 | +2.48% |
Nov 05, 2025 | $19.57 | $20.05 | +2.45% |
Aug 06, 2025 | $19.13 | $19.21 | +0.45% |
May 07, 2025 | $21.19 | $20.69 | -2.37% |
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 May 11, 2026, After Close (Confirmed).
What is Crossamerica Partners (CAPL) earnings time?
Crossamerica Partners (CAPL) earnings time is at May 11, 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 (Q1) is -0.16.