Crossamerica Partners earnings date
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Crossamerica Partners (CAPL) Q3 2026 Earnings Report
CAPL Q3 2026 EPS Results
- Actual EPS
- $0.21
- Consensus EPS
- $0.42
- Beat/Miss
- Missed by -$0.21
- One Year Ago EPS
- $0.34
CAPL Q3 2026 Revenue Results
- Actual Revenue
- $1.19B
- Expected Revenue
- $1.02B
- Beat/Miss
- Beat by +$171.42M
- YoY Revenue Growth
- +22.92%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- After Close
- Conference Call
- Wednesday, November 4, 2026
Crossamerica Partners's next earnings date is estimated for March 1, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was cautiously positive. Management reported significant year-to-date gains in Adjusted EBITDA and Distributable Cash Flow, stronger merchandise performance, lower operating expenses, asset-sale proceeds, and reduced cash interest expense. These positives were offset by substantial third-quarter fuel-volume pressure, lower quarterly EBITDA, net income, Distributable Cash Flow, and distribution coverage, as well as softer near-term retail volume trends.
Management said it is continuing its targeted real estate efforts in 2026, with a strong pipeline for the balance of the year, though at a lower level than in 2025; it is managing its leverage ratio at approximately four times on a Credit Facility-defined basis, remains focused on company-operated locations, especially in food-related investments, and is looking to close out 2026 strong while maintaining discipline with its balance sheet and generating value for unitholders.
- Strong Year-to-Date PerformanceSupported by a very strong first half, Adjusted EBITDA was up 22% and Distributable Cash Flow was up 30% year-over-year through the first nine months of 2026.
- Merchandise Margin and Gross Profit GrowthMerchandise margin percentage increased 140 basis points to 30.3%, while merchandise gross profit rose 2% to $32.8 million despite a 7% decline in average company-operated site count. Growth was supported by a better merchandise mix and stronger execution in food, beverage, beer, and cigarette categories.
- Higher Retail Fuel MarginRetail fuel margin increased 5% to 40.4 cents per gallon from 38.4 cents per gallon in the third quarter of 2025. Management said fuel input-cost volatility generally resulted in stronger fuel margins than typically anticipated in the rising-price environment.
- Resilient Convenience Store Sales Excluding CigarettesSame-store inside sales declined 1%, while same-store sales excluding cigarettes increased 0.4%. Other tobacco products and branded and proprietary food categories grew, and management said investments in convenience-store offerings helped limit the impact of customer traffic trends.
- Continued Operating Expense ReductionTotal operating expenses declined $1.3 million, or 2%, year-over-year to $56.3 million, marking the fifth consecutive quarter of year-over-year declines. Wholesale operating expenses fell $1.1 million, or 16%, while retail savings in store-level employment costs largely offset higher maintenance and environmental costs.
- Real Estate Optimization ProceedsThe partnership sold 15 properties during the quarter and realized $10.6 million in proceeds. Management said it continues to have a strong pipeline for the balance of 2026, although at a lower level than in 2025.
- Debt Reduction and Lower Cash Interest ExpenseThe Credit Facility balance remained down approximately $18 million year-to-date due to strong results and targeted asset sales. Cash interest expense declined to $10.7 million from $11.3 million in the third quarter of 2025, and approximately 60% of the Credit Facility balance was swapped to a fixed rate of approximately 3.4% blended.
- Capital Investment in Site Resiliency and Food OfferingsThe partnership spent $7.2 million on capital expenditures, including $1.9 million of growth-related capital and $5.3 million of sustaining capital. Approximately one-third of sustaining capital expenditures related to environmental compliance, while growth spending remained focused on company-operated locations and food-related investments.
- Wholesale Fuel Sourcing BenefitsWholesale fuel margin was 8.8 cents per gallon, reflecting continued benefits from fuel sourcing efforts and, during the quarter, higher payment-terms discounts associated with higher fuel costs.
- Positive Trailing-Twelve-Month Distribution CoverageThe trailing-twelve-month Distribution Coverage Ratio improved to 1.32x from 1.00x for the trailing twelve months ended September 30, 2025.
CAPL Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 01, 2027 | 2026 (Q4) | 0.22- | 0.25 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | 0.420.21 | 0.34 | -38.24% (-0.13) | |
| Aug 05, 2026 | 2026 (Q2) | 0.380.52 | 0.64 | -18.75% (-0.12) | |
| May 06, 2026 | 2026 (Q1) | -0.160.26 | -0.2 | 230.00% (+0.46) | |
| Feb 25, 2026 | 2025 (Q4) | 0.050.25 | 0.42 | -40.48% (-0.17) | |
| Nov 05, 2025 | 2025 (Q3) | 0.070.34 | 0.27 | 25.93% (+0.07) | |
| Aug 06, 2025 | 2025 (Q2) | 0.200.64 | 0.31 | 106.45% (+0.33) | |
| May 07, 2025 | 2025 (Q1) | -0.06-0.20 | -0.48 | 58.33% (+0.28) | |
| Feb 26, 2025 | 2024 (Q4) | 0.040.42 | 0.42 | 0.00% (+0.00) | |
| Nov 06, 2024 | 2024 (Q3) | 0.250.27 | 0.31 | -12.90% (-0.04) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
