CrossAmerica Partners LP (CAPL) Form 8-K — Aug 5, 2026
CrossAmerica Partners LP (NYSE: CAPL) reported second quarter 2026 results on August 5, 2026, posting net income of $20.8 million on operating revenues of $1.18 billion. Adjusted EBITDA rose 40% year over year to $51.8 million and Distributable Cash Flow rose 50% to $33.6 million, driven by higher fuel margins and lower operating expenses. Retail margin per gallon jumped 33% to $0.492 and wholesale margin per gallon rose 31% to $0.111, though volumes fell 12% and 11% respectively amid the Partnership's portfolio optimization. GAAP net income actually declined 17% from $25.2 million because prior-year real estate gains of $29.7 million shrank to $1.1 million.
Key figures
- Eps
- $0.52 diluted per common unit ($0.53 basic)
- Revenue
- 1179017000
- Net Income
- 20812000
- Total Debt
- $725.2 million debt and finance lease obligations per balance sheet (including $671.6 million outstanding under the Credit Facility)
- Total Assets
- 981986000
- Cash Position
- 4922000
- Shares Outstanding
- 38154331
- Leverage Ratio
- 3.57x (vs 3.65x)
- Retail Gallons
- 124.0M (-12% YoY)
- Adjusted EBITDA
- 51769000
- Wholesale Gallons
- 160.3M (-11% YoY)
- Real Estate Activity
- Sold 5 sites for $2.7 million proceeds, $1.1 million net gain
- Distribution Per Unit
- 0.525
- Distributable Cash Flow
- 33581000
- Effective Interest Rate
- 5.5%
- Q2 Capital Expenditures
- $7.4 million (incl. $2.5 million growth capex)
- Retail Margin Per Gallon
- 0.492
- Available Credit Facility
- $244 million as of July 31, 2026
- Distribution Coverage TTM
- 1.39x (vs 1.00x)
- Wholesale Margin Per Gallon
- 0.111
- Adjusted EBITDA prior year
- 37083000
- Credit Facility Maturity Extended To
- July 15, 2031
- Distributable Cash Flow prior year
- 22396000
- Distribution Coverage Current Quarter
- 1.68x (vs 1.12x)
Price after filing
Close on the filing date to close N calendar days later (from $21.47). Historical, not a forecast.
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