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Crossamerica Partners (CAPL) AI Stock Analysis
Crossamerica Partners
(NYSE:CAPL)
CAPL scores mid-range primarily due to elevated balance-sheet risk (high debt with negative equity) despite improving operating momentum and strong recent free cash flow. The latest earnings call reinforced better profitability, distribution coverage, and leverage progress, but volume declines remain a key headwind. Valuation is supported by a very high dividend yield, while technical signals are mixed to neutral.
Crossamerica Partners (CAPL) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $805.44M
- Dividend Yield
- 9.95%
- Average Volume (3M)
- 36.19K
- Price to Earnings (P/E)
- 14.9
- Beta (1Y)
- 0.05
- Revenue Growth
- 0.29%
- EPS Growth
- 21.69%
- Country
- US
- Employees
- 3,047
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Refining & Marketing
Crossamerica Partners Business Overview & Revenue Model
Company Description
CrossAmerica Partners LP primarily operates in the United States, focusing on three main areas: the bulk supply of motor fuels, the management of convenience stores, and the acquisition and leasing of properties vital for retail fuel sales. The entit...
How the Company Makes Money
CAPL primarily makes money through downstream fuel distribution and convenience retail operations. (1) Wholesale fuel distribution: CAPL purchases motor fuel (e.g., gasoline and distillates) and sells it to third-party dealers and company-operated si...
Crossamerica Partners Earnings Call Summary
The call emphasized multiple strong operational and financial wins: a 40% increase in adjusted EBITDA, materially higher distributable cash flow, improved merchandise margins, expense reductions for the seventh consecutive quarter, wholesale and retail margin improvements, and debt reduction/credit facility extension that strengthen the balance sheet. These positives largely offset notable challenges, primarily volume declines (same-store retail down 11% and wholesale down ~8–11%), ongoing fuel price volatility that pressured volumes, and lower one-time real estate gains versus the prior-year peak. On balance, management portrayed the quarter as a clear operational improvement and balance sheet-strengthening period despite volume headwinds.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management didn't give a formal numeric outlook but guided to sustain the operating and balance-sheet momentum demonstrated in Q2 — including maintaining disciplined retail fuel pricing to balance volumes (same-store retail volumes were down 11% YoY, company-operated down ~8%, wholesale same-store down ~8%) and elevated fuel margins (retail $0.492/gal vs $0.37 prior year; wholesale $0.111/gal) while growing merchandise margin (merchandise margin 29.5%, +130 bps; merchandise GP $31.0M, +2%) and controlling costs (total operating expenses $55M, down $2.9M; retail opex down 4%; wholesale opex down 11%; G&A $6.8M). They reaffirmed priorities to invest in food/growth capex (Q2 capex $7.4M: $2.5M growth, $4.9M sustaining), continue targeted real‑estate optimization (sold 5 properties for ~$2.7M with a pipeline for the rest of the year at a lower pace than 2025), sustain strong cash generation (Q2 adjusted EBITDA $51.8M, +40% YoY; Q2 DCF $33.6M) and maintain a conservative leverage posture (credit‑facility defined leverage ~3.57x, management target ~4x, reduced debt ~$20M YTD), with a strengthened credit facility (maturity extended to July 15, 2031, ~60% swapped to a ~3.4% fixed rate, blended effective rate ~5.5%) and a continued focus on distribution coverage (Q2 distribution coverage 1.68x; TTM 1.39x) to drive durable, consistent cash flows.
Crossamerica Partners Financial Statement Overview
Summary
Operating performance and cash generation are improving (TTM gross margin ~15.2% vs ~9–10% in 2023–2025; TTM operating cash flow ~$143M and free cash flow ~$115M with strong TTM FCF growth), but profitability remains structurally thin (TTM net margin ~2.0%; EBITDA margin ~5.9%) and the balance sheet is a major risk with high debt (~$0.83B) and negative equity, limiting financial resilience.
Income Statement
58NeutralBalance Sheet
24NegativeCash Flow
66Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.86B | 3.66B | 4.10B | 4.39B | 4.97B | 3.58B |
| Gross Profit | 406.75M | 336.22M | 398.32M | 382.27M | 375.77M | 276.95M |
| EBITDA | 166.65M | 187.81M | 147.32M | 166.02M | 177.13M | 114.53M |
| Net Income | 52.53M | 41.83M | 19.89M | 40.10M | 61.97M | 21.65M |
Balance Sheet | ||||||
| Total Assets | 981.99M | 964.73M | 1.11B | 1.18B | 1.26B | 1.34B |
| Cash, Cash Equivalents and Short-Term Investments | 4.92M | 3.14M | 3.38M | 4.99M | 16.05M | 7.65M |
| Total Debt | 830.51M | 907.90M | 908.56M | 910.47M | 943.35M | 996.55M |
| Total Liabilities | 1.06B | 1.04B | 1.14B | 1.15B | 1.18B | 1.28B |
| Stockholders Equity | -75.68M | -72.04M | -24.78M | 30.75M | 79.13M | 56.56M |
Cash Flow | ||||||
| Free Cash Flow | 90.26M | 55.77M | 61.46M | 82.45M | 130.97M | 53.61M |
| Operating Cash Flow | 114.90M | 91.50M | 87.78M | 117.08M | 161.32M | 95.47M |
| Investing Cash Flow | 21.27M | 68.44M | -16.31M | -28.18M | -46.40M | -298.69M |
| Financing Cash Flow | -140.97M | -160.18M | -73.08M | -99.97M | -106.51M | 210.36M |
Crossamerica Partners Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CAPL, the sentiment is Negative. The current price of 21.18 is below the 20-day moving average (MA) of 21.36, below the 50-day MA of 21.69, and above the 200-day MA of 20.96, indicating a neutral trend. The MACD of 0.09 indicates Negative momentum. The RSI at 42.12 is Neutral, neither overbought nor oversold. The STOCH value of 31.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CAPL.
Crossamerica Partners Risk Analysis
Crossamerica Partners disclosed 72 risk factors in its most recent earnings report. Crossamerica Partners reported the most risks in the "Finance & Corporate" category.
- Finance & Corporate30
- Tech & Innovation2
- Legal & Regulatory14
- Production12
- Ability to Sell8
- Macro & Political6
Latest Risks Added
0 New RisksCrossamerica Partners Peers Comparison
Overall Rating
PARR78Outperform
GLP68Neutral
SUN67Neutral
APC60Neutral- CAPL59Neutral
WKC56Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| PARR | 78Outperform | $3.82B | 4.16 | 57.75% | ― | 13.19% | ― |
| GLP | 68Neutral | $1.61B | 9.34 | 24.61% | 6.65% | 20.35% | 87.03% |
| SUN | 67Neutral | $14.51B | 14.72 | 18.17% | 5.60% | 83.34% | 123.75% |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| APC | 60Neutral | $714.50M | 19.00 | 8.43% | 5.27% | ― | ― |
| CAPL | 59Neutral | $859.28M | 14.87 | -72.93% | 9.95% | 0.29% | 21.69% |
| WKC | 56Neutral | $1.91B | -12.69 | -13.12% | 2.32% | 21.07% | 62.41% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| CAPL | Crossamerica Partners LP | 21.18 | 2.98 | 16.35% | |
| GLP | Global Partners | 44.86 | 2.55 | 6.03% | |
| WKC | World Kinect Corporation | 37.99 | 13.09 | 52.54% | |
| SUN | Sunoco LP | 69.00 | 18.74 | 37.28% | |
| PARR | Par Pacific Holdings | 71.28 | 33.65 | 89.42% | |
| APC | ARKO Petroleum Corp. Class A | 13.97 | -2.89 | -17.16% |
Crossamerica Partners Corporate Events
CrossAmerica Partners Maintains Q3 Distribution, Earnings Upcoming
PositiveOn October 21, 2026, CrossAmerica Partners LP announced that the board of its general partner approved a quarterly cash distribution of $0.5250 per unit for the third quarter of 2026, unchanged from the second quarter and equivalent to $2.10 per unit...
CrossAmerica boosts margins, extends credit, appoints new CFO
PositiveFor the quarter ended June 30, 2026, CrossAmerica Partners reported net income of $20.8 million, down from $25.2 million a year earlier, but delivered strong growth in adjusted EBITDA to $51.8 million and distributable cash flow to $33.6 million. Ret...
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.
Date of analysis: Oct 22, 2026