CrossAmerica Partners LP (CAPL) Latest Filing Signal

Based on earningsVibe SuperAnalyst™ synthesis of the latest 10-K, CrossAmerica Partners LP's filing signal turned positive.

CrossAmerica Partners LP is a leading independent distributor of motor fuels and owner/lessor of real estate used in the retail distribution of motor fuels, operating through two segments: retail and wholesale. As of December 31, 2025, the company owned or leased approximately 1,000 sites, operating 352 as company-operated locations and distributing fuel to roughly 1,600 sites across 34 states. It ranks among the top ten independent distributors by motor fuel volume for major brands like ExxonMobil, BP, and Marathon, also distributing Shell and Valero-branded fuels. The business model involves both wholesale fuel distribution to independent and lessee dealers and retail operations including convenience merchandise sales at company-operated sites. Revenue is driven by per-gallon fuel margins and convenience store sales, with a significant portion of fuel sales priced at rack price plus a fixed per-gallon rate, while others use variable, market-based pricing.

Revenue is primarily driven by the distribution of motor fuels, with revenue generated from per-gallon margins in both wholesale and retail operations. Additional revenue streams include the sale of convenience merchandise at company-operated retail sites and rental income from leasing real estate to dealers.