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Crossamerica Partners LP (CAPL)
:CAPL
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Crossamerica Partners
(NYSE:CAPL)
Rating:54Neutral
Price Target:―
Crossamerica Partners (CAPL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$803.91M
Dividend Yield9.96%
Average Volume (3M)36.70K
Price to Earnings (P/E)19.1
Beta (1Y)0.08
Revenue Growth-10.51%
EPS Growth101.44%
CountryUS
Employees179
SectorEnergy
Sector Strength53
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)0.64
Shares Outstanding38,118,027
10 Day Avg. Volume36,954
30 Day Avg. Volume36,696
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap2.12
Enterprise Value/Revenue0.35
Enterprise Value/Gross Profit4.42
Enterprise Value/Ebitda10.84
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Crossamerica Partners Business Overview & Revenue Model
Company DescriptionCrossAmerica Partners LP (CAPL) is a leading wholesale distributor of motor fuels and owner and lessor of real estate used in the retail distribution of motor fuels. Headquartered in Allentown, Pennsylvania, the company operates within the energy sector, focusing primarily on gasoline stations and convenience stores. CrossAmerica Partners is known for its extensive network of fuel distribution sites across the United States.
How the Company Makes MoneyCrossAmerica Partners generates revenue primarily through the wholesale distribution of motor fuels to a diverse range of customers, including independent dealers, lessee dealers, and company-operated retail sites. The company earns money by purchasing fuel from major oil companies and distributing it to its network of retail locations. Additionally, CAPL earns rental income by leasing its real estate properties to independent operators who run fuel retail businesses. Significant partnerships with major oil companies and a broad distribution network are crucial factors contributing to its earnings, ensuring a steady supply of fuel and a wide market reach.
Crossamerica Partners Earnings Call Summary
Earnings Call Date:Aug 06, 2025
(Q2-2025)
| % Change Since: 5.03%|
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a mixed performance with significant achievements such as record asset sales and net income increase, alongside challenges in retail and wholesale segments, and a decrease in adjusted EBITDA. The strategic actions taken to reduce debt and improve the balance sheet show positive long-term positioning, but the current operational environment remains challenging.Q2-2025 Updates
Positive Updates
Record Asset Sales
Achieved a record dollar value of asset sales with approximately $64 million in proceeds, which were primarily used to pay down debt.
Net Income Increase
Reported net income of $25.2 million for Q2 2025, compared to $12.4 million in Q2 2024, primarily driven by gains on the sale of assets.
Reduction in Debt
Reduced credit facility balance by $51 million, ending at $727 million, and decreased credit facility defined leverage ratio to 3.65x.
Outperformance in Retail Segment
Retail segment's same-store volume and store sales demand outperformed national volume demand, despite a challenging environment.
Increase in Inside Sales
Inside sales increased approximately 2% year-over-year, with food categories showing strong performance.
Negative Updates
Decline in Retail Segment Gross Profit
Retail segment gross profit decreased 1% to $76.1 million compared to $76.6 million in the second quarter of 2024.
Wholesale Segment Challenges
Wholesale segment gross profit declined 12% to $24.9 million, driven by declines in fuel volume, fuel margin, and rental income.
Decrease in Adjusted EBITDA
Adjusted EBITDA for Q2 2025 was $37.1 million, a decline of $5.5 million from the same period in 2024.
Increased Depreciation and Amortization
An increase of $4.9 million in depreciation and amortization expenses due to an increase in impairment charges related to asset sales.
Company Guidance
During the CrossAmerica Partners Second Quarter 2025 Earnings Call, management highlighted several key metrics and strategic actions. The company achieved a record $64 million in proceeds from asset sales, which were primarily used to reduce debt by over $50 million. Retail segment gross profit decreased slightly by 1% to $76.1 million, with a marginal decline in retail fuel margin to $0.37 per gallon. Despite a 2% year-over-year decline in overall retail volume, the company outperformed the national demand drop of 4%. Same-store inside sales increased by approximately 2%, driven by a strong performance in food and beverage categories. In the wholesale segment, gross profit decreased by 12% to $24.9 million, with a 7% decline in volume due to site conversions. The company reported a net income of $25.2 million, up from $12.4 million the previous year, primarily due to asset sale gains. Adjusted EBITDA declined by $5.5 million to $37.1 million, reflecting lower fuel and rent gross profit amid higher operating expenses. The leverage ratio improved to 3.65x, and the credit facility balance was reduced to $727 million, resulting in lower interest expenses.Crossamerica Partners Financial Statement Overview
Summary
Crossamerica Partners faces challenges with declining profitability and high financial leverage, as indicated by its income statement and balance sheet analyses. While cash flows remain relatively stable, underlying financial risks are suggested by negative equity and high debt levels. The company needs to address profitability issues and leverage management to strengthen its financial position.Income Statement
The company's gross profit margin has declined over recent years from 18.1% in 2020 to 10.0% in 2024, indicating pressure on profitability. Revenue growth has been inconsistent, with a significant decline noted in recent years. The net profit margin has fluctuated widely, reflecting variability in net income performance.55
Neutral
Balance Sheet
Crossamerica Partners exhibits a high debt-to-equity ratio due to negative equity in recent years, posing a financial risk. The return on equity is unreliable given negative or low equity. The equity ratio is also negative, which highlights a potential insolvency risk.30
Negative
Cash Flow
The company maintains a reasonably positive free cash flow, though it has decreased from previous years. The operating cash flow to net income ratio is strong, indicating that the company effectively converts its net income into cash. However, there is a notable decrease in free cash flow growth in the most recent year.65
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.82B | 4.10B | 4.39B | 4.97B | 3.58B | 1.93B |
| Gross Profit | 385.78M | 398.32M | 382.27M | 375.77M | 276.95M | 212.13M |
| EBITDA | 157.16M | 147.32M | 160.49M | 178.23M | 111.94M | 175.33M |
| Net Income | 41.72M | 19.89M | 40.10M | 61.97M | 21.65M | 107.46M |
Balance Sheet | ||||||
| Total Assets | 1.03B | 1.11B | 1.18B | 1.25B | 1.27B | 1.01B |
| Cash, Cash Equivalents and Short-Term Investments | 9.72M | 3.38M | 4.99M | 16.05M | 7.65M | 513.00K |
| Total Debt | 855.37M | 908.56M | 910.47M | 943.35M | 996.55M | 703.27M |
| Total Liabilities | 1.08B | 1.14B | 1.15B | 1.20B | 1.21B | 904.67M |
| Stockholders Equity | -54.15M | 0.00 | 3.01M | 16.47M | 3.03M | -2.46M |
Cash Flow | ||||||
| Free Cash Flow | 53.89M | 61.46M | 82.45M | 130.97M | 53.61M | 67.43M |
| Operating Cash Flow | 90.76M | 87.78M | 117.08M | 161.32M | 95.47M | 104.48M |
| Investing Cash Flow | 60.68M | -16.31M | -28.18M | -46.40M | -298.69M | -19.55M |
| Financing Cash Flow | -147.21M | -73.08M | -99.97M | -106.51M | 210.36M | -86.20M |
Crossamerica Partners Technical Analysis
Positive
21.09
Price Trends
20.65
Positive
21.32
Negative
21.10
Negative
Market Momentum
>-0.01
Negative
56.85
Neutral
73.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CAPL, the sentiment is Positive. The current price of 21.09 is above the 20-day moving average (MA) of 20.63, above the 50-day MA of 20.65, and below the 200-day MA of 21.10, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.85 is Neutral, neither overbought nor oversold. The STOCH value of 73.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CAPL.
Crossamerica Partners Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $1.36B | 9.74 | 28.59% | 4.06% | -20.92% | -26.59% | |
73 Outperform | $2.31B | 14.66 | 542.39% | 10.24% | -12.08% | 1.44% | |
65 Neutral | $15.28B | 7.24 | 3.01% | 5.34% | 4.27% | -62.52% | |
64 Neutral | $1.21B | 41.18 | 5.66% | ― | -9.81% | -124.43% | |
54 Neutral | $803.91M | 19.10 | 666.62% | 9.96% | -10.51% | 101.44% | |
51 Neutral | $1.36B | ― | -200.75% | 4.17% | -29.94% | -723.41% | |
48 Neutral | $511.52M | ― | -16.86% | ― | -10.91% | -580.59% |
* Energy Sector Average
Performance Comparison
CAPL
Crossamerica Partners
21.09
2.71
14.74%
DK
Delek US Holdings
24.47
5.08
26.20%
MRC
MRC Global
14.97
1.88
14.36%
NRP
Natural Resource PRN
103.60
19.29
22.88%
DKL
Delek Logistics
43.27
8.25
23.56%
PUMP
Propetro Holding
4.92
-3.34
-40.44%
Crossamerica Partners Corporate Events
DividendsFinancial Disclosures
CrossAmerica Partners Announces Quarterly Distribution Approval
Positive
Apr 22, 2025
On April 22, 2025, CrossAmerica Partners LP announced that its Board of Directors approved a quarterly distribution of $0.5250 per unit for the first quarter of 2025, maintaining the same rate as the previous quarter. This distribution is payable on May 15, 2025, to unitholders of record on May 5, 2025. The announcement reflects the company’s stable financial performance and commitment to providing consistent returns to its stakeholders. CrossAmerica will also host a conference call on May 8 to discuss its first-quarter earnings results, which will be released on May 7.
Spark’s Take on CAPL Stock
According to Spark, TipRanks’ AI Analyst, CAPL is a Neutral.
CrossAmerica Partners exhibits financial challenges with declining profitability and high leverage, impacting its overall score. Despite positive technical trends and strategic efforts in site conversions, the stock’s high P/E ratio and mixed earnings call results suggest caution. The high dividend yield is a strength but may not be sustainable given current financial pressures.
To see Spark’s full report on CAPL stock, click here.
Financial Disclosures
CrossAmerica Partners Reports Decline in 2024 Financial Results
Negative
Feb 27, 2025
CrossAmerica Partners reported its financial results for the fourth quarter and full year of 2024, showing a decline in key financial metrics compared to 2023. The decrease was attributed to lower motor fuel margins and increased operating expenses due to site conversions, although there was growth in the retail segment’s gross profit and merchandise sales.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.