CrossAmerica Partners LP (CAPL) Form 8-K — Nov 4, 2026
CrossAmerica Partners LP reported Q3 2026 net income of $8.8 million, down 35% from $13.6 million a year earlier, with Adjusted EBITDA of $38.7 million (down 6%) and Distributable Cash Flow of $21.8 million (down 21%). The declines were driven primarily by a 9% drop in retail fuel volumes and an 8% drop in wholesale volumes amid higher fuel prices, plus lower real estate sale gains ($2.4M vs $7.4M). Offsetting the quarter, results remain well ahead of last year through nine months — Adjusted EBITDA of $125.6 million vs $102.7 million and DCF of $76.9 million vs $59.3 million — with trailing-12-month distribution coverage improving to 1.32x from 1.00x.
Key figures
- Eps
- 0.21
- Revenue
- 1194575000
- Net Income
- 8766000
- Total Debt
- 674500000
- Revenue Yoy
- 22.9% increase vs Q3 2025 revenue of $971.8M
- Total Assets
- 975818000
- Cash Position
- 7830000
- Shares Outstanding
- 38173255
- Leverage ratio
- 3.72x
- Distribution per unit
- 0.525
- Q3 site sale proceeds
- 10600000
- Retail gross profit q3
- 78007000
- Adjusted ebitda q3 2025
- 41309000
- Adjusted ebitda q3 2026
- 38705000
- Retail margin per gallon
- 0.404
- Distribution coverage ttm
- 1.32x
- Q3 net gain on site sales
- 2900000
- Wholesale gross profit q3
- 23119000
- Merchandise margin percent
- 30.3%
- Distributable cash flow q3 2025
- 27773000
- Distributable cash flow q3 2026
- 21837000
AI analysis
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