CAPL on NYSE

CrossAmerica Partners LP

Wholesale-petroleum and petroleum products company, listed on NYSE (CAPL). Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

Compare with TMD Energy Ltd, CBL International Ltd or World Fuel Services, or pick any stock.

  • TickerCAPL on NYSE1
  • IndustryWholesale-Petroleum & Petroleum Products (No Bulk Stations)1
  • HeadquartersAllentown, Pennsylvania1
  • Business address645 Hamilton Street, Suite 400, Allentown, Pa 181012
  • Filer categoryAccelerated filer2

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We were formed as a Delaware limited partnership in 2011 engaged in the wholesale distribution of motor fuel and the ownership and leasing of real estate used in the retail distribution of motor fuel. We also generate revenues from the operation of company operated retail sites.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

11.0%Gross margin4
2.7%Operating margin4
1.1%Net margin4
-10.6%Revenue growth, 20254
$55.8MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Fuel Sales To External Customers brought in 88% of the revenue CrossAmerica Partners LP broke down this way in fiscal 2025.

  1. Fuel Sales To External Customers$3.2B488%down 12% from 2024
  2. Food And Merchandise Sales$407.2M411%up 4% from 2024
  3. Product and Service, Other$23.8M41%down 1% from 2024
Products and services by year
Products and services202320242025
Fuel Sales To External Customers$4.0B$3.6B$3.2B
Food And Merchandise Sales$316.0M$390.1M$407.2M
Product and Service, Other$21.0M$24.1M$23.8M

Business segments

Retail brought in 57% of the revenue CrossAmerica Partners LP broke down this way in fiscal 2025.

  1. Retail$2.1B457%down 6% from 2024
  2. Wholesale$1.6B443%down 16% from 2024
Business segments by year
Business segments202320242025
Retail$2.1B$2.2B$2.1B
Wholesale$2.3B$1.9B$1.6B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue89¢$3.3B
  • Selling, general and admin1¢$28.0M
  • Other costs8¢$276.5M
  • Interest1¢$48.1M
  • Income tax0¢$8.3M
  • Profit1¢$41.8M

Out of $3.7B in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending31¢$35.7M
  • Dividends paid69¢$80.0M

Out of $91.5M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue56784$3.7B in 2025+70% since 2019
0$2.0B$4.0B$6.0B2019: $2.1B$2.1B20192020: $1.9B$1.9B2020−10%2021: $3.6B$3.6B2021+85%2022: $5.0B$5.0B2022+39%2023: $4.4B$4.4B2023−12%2024: $4.1B$4.1B2024−7%2025: $3.7B$3.7B2025−11%
Gross profit56784$402.7M in 2025+160% since 2019
0$200.0M$400.0M$600.0M2019: $154.6M$154.6M20192020: $212.1M$212.1M2020+37%2021: $277.0M$277.0M2021+31%2022: $375.8M$375.8M2022+36%2023: $382.3M$382.3M2023+2%2024: $398.3M$398.3M2024+4%2025: $402.7M$402.7M2025+1%
Operating income56784$97.6M in 2025+125% since 2019
0$50.0M$100.0M$150.0M2019: $43.3M$43.3M20192020: $115.6M$115.6M2020+167%2021: $36.1M$36.1M2021−69%2022: $96.0M$96.0M2022+166%2023: $88.1M$88.1M2023−8%2024: $70.6M$70.6M2024−20%2025: $97.6M$97.6M2025+38%
Net income9784$41.8M in 2025+131% since 2019
0$50.0M$100.0M$150.0M2019: $18.1M$18.1M20192020: $107.5M$107.5M2020+494%2021: $21.7M$21.7M2021−80%2022: $63.7M$63.7M2022+194%2023: $42.6M$42.6M2023−33%2024: $22.5M$22.5M2024−47%2025: $41.8M$41.8M2025+86%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Operating revenues$3.7B$4.1B$4.4B
Cost of sales$3.3B$3.7B$4.0B
Gross profit$402.7M$398.3M$382.3M
Operating expenses$231.7M$228.0M$194.7M
General and administrative expenses$28.0M$28.8M$27.0M
Depreciation, amortization and accretion expense$89.6M$76.0M$77.2M
Total operating expenses$349.3M$332.7M$298.9M
Gain on dispositions and lease terminations, net$44.2M$5.0M$4.7M
Operating income$97.6M$70.6M$88.1M
Other income, net$577.0K$780.0K$790.0K
Interest expense-$48.1M-$52.3M-$43.7M
Income before income taxes$50.1M$19.0M$45.1M
Income tax expense (benefit)$8.3M-$3.4M$2.5M
Net income$41.8M$22.5M$42.6M
Accretion of preferred membership interests$2.7M$2.6M$2.5M
Net income available to limited partners$39.1M$19.9M$40.1M
Earnings per common unit, basic$1.03$0.52$1.06
Earnings per common unit, diluted$1.02$0.52$1.05
Weighted-average common units, basic38.1M shares38.0M shares38.0M shares
Weighted-average common units, diluted38.2M shares38.2M shares38.1M shares
(a) includes excise taxes of:$317.0M$321.8M$295.8M
(a) includes rent income of:$62.5M$71.2M$82.3M
(b) excludes depreciation, amortization and accretion and includes rent expense of:$19.4M$20.7M$22.3M
(c) includes rent expense of:$18.7M$17.4M$15.5M

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Leadership

Who has led CrossAmerica Partners LP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jeremy Bergeron2017–2018
  2. Charles M. Nifong Jr.2019–now

President

  1. David Hrinak2012–2014
  2. Jeremy Bergeron2015–2017
  3. Gerardo Valencia2018–2020
  4. Charles M. Nifong Jr.2019–now

Chief financial officer

  1. Mark L. Miller2012–2015
  2. Jonathan E. Benfield2019–2020
  3. Eric M. Javidi2020
  4. Maura Topper2021–now

Chief operating officer

  1. David Hrinak2015–2016
201520202025
Board members and other officers (34)

Former names

  • Lehigh Gas Partners LPMay 11, 2012 to Sep 19, 20142

Timeline

  1. Nov 26, 2019New chief executive Charles M. Nifong Jr. becomes CEO13
  2. Aug 11, 2017New chief executive Jeremy Bergeron becomes CEO14

Filings

237 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 55 major events, 158 insider forms, 4 other. The latest 20:

  1. Aug 5, 202610-Q EDGAR
  2. Aug 5, 20268-K EDGAR
  3. Jul 24, 20264 EDGAR
  4. Jul 24, 20264 EDGAR
  5. Jul 24, 20264 EDGAR
  6. Jul 24, 20264 EDGAR
  7. Jul 24, 20264 EDGAR
  8. Jul 24, 20264 EDGAR
  9. Jul 21, 20264 EDGAR
  10. Jul 21, 20264 EDGAR
  11. Jul 21, 20264 EDGAR
  12. Jul 21, 20264 EDGAR
  13. Jul 21, 20264 EDGAR
  14. Jul 21, 20264 EDGAR
  15. Jul 21, 20268-K EDGAR
  16. Jul 16, 20268-K EDGAR
  17. Jun 29, 2026144 EDGAR
  18. May 26, 20264 EDGAR
  19. May 6, 202610-Q EDGAR
  20. May 6, 20268-K EDGAR

The 237 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

26 open-market trades by officers, directors and large owners since October 2021: 26 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 10, 2025Reilly John B. IIIDirectorBuy1,871$19.74$36.9KForm 4
Oct 10, 2025Topper Joseph V. Jr.DirectorBuy1,801$19.74$35.6KForm 4
Aug 12, 2025Reilly John B. IIIDirectorBuy2,706$20.01$54.1KForm 4
Aug 12, 2025Topper Joseph V. Jr.DirectorBuy2,706$20.01$54.1KForm 4
May 16, 2024Kelso Thomas EDirectorBuy500$19.52$9.8KForm 4
May 14, 2024Gannon Justin A.DirectorBuy500$19.39$9.7KForm 4
Mar 4, 2024Kelso Thomas EDirectorBuy500$21.64$10.8KForm 4
May 30, 2023Topper Joseph V. Jr.DirectorBuy3,000$18.32$55.0KForm 4
May 26, 2023Topper Joseph V. Jr.DirectorBuy15,000$18.33$274.9KForm 4
May 25, 2023Topper Joseph V. Jr.DirectorBuy6,014$18.19$109.4KForm 4
May 25, 2023Topper Joseph V. Jr.DirectorBuy6,000$18.19$109.1KForm 4
May 24, 2023Topper Joseph V. Jr.DirectorBuy16,818$18.47$310.6KForm 4
May 23, 2023Topper Joseph V. Jr.DirectorBuy13,605$18.38$250.1KForm 4
May 18, 2023Gannon Justin A.DirectorBuy500$18.75$9.4KForm 4
May 17, 2023Gannon Justin A.DirectorBuy1,000$18.99$19.0KForm 4
May 15, 2023Kelso Thomas EDirectorBuy500$19.43$9.7KForm 4
Nov 4, 2022Topper Joseph V. Jr.DirectorBuy7,037$18.46$129.9KForm 4
Sep 30, 2022Topper Joseph V. Jr.DirectorBuy127$18.50$2.4KForm 4
Sep 29, 2022Topper Joseph V. Jr.DirectorBuy2,627$18.48$48.5KForm 4
Sep 28, 2022Topper Joseph V. Jr.DirectorBuy1,833$18.49$33.9KForm 4

All 26 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 60. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Invesco Ltd.5,720,129$128.2M0.0%No change
Clearbridge Investments, LLC623,747$14.0M0.0%+118,600
Jpmorgan Chase & Co381,219$8.6M0.0%−43,656
Morgan Stanley376,109$8.4M0.0%+107,434
Raymond James Financial Inc313,105$7.0M0.0%+3,798
First Trust Advisors LP210,463$4.7M0.0%+20,457
Quadrant Private Wealth Management, LLC163,356$3.7M0.8%+812
Blackstone Inc.125,747$2.8M0.0%−5,851
LPL Financial LLC115,174$2.6M0.0%−6,837
NewEdge Wealth, LLC93,175$2.1M0.0%−800
Arax Advisory Partners80,000$1.8M0.0%New
Citadel Advisors LLC74,684$1.7M0.0%+60,760
Goldman Sachs Group Inc58,084$1.3M0.0%+9,157
Stifel Financial Corp55,284$1.2M0.0%+1,000
Jane Street Group, LLC39,868$893.8K0.0%−2,151
Mariner, LLC37,652$844.2K0.0%−35,891
UBS Group AG35,014$785.0K0.0%−15,853
Sei Investments Co33,335$747.4K0.0%+19,933
Private Advisor Group, LLC29,944$671.4K0.0%New
Independent Financial Group, LLC27,190$609.6K0.0%New
Corient Private Wealth LP25,000$560.5K0.0%No change
IFG Advisory, LLC19,230$431.1K0.0%No change
Exchange Traded Concepts, LLC17,998$403.5K0.0%−872
Apollon Wealth Management, LLC16,372$367.1K0.0%+109
Ing Groep Nv16,000$358.7K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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