# CrossAmerica Partners LP: overview

CAPL · NYSE · CIK 1538849 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/capl.md) · [Financials](/companies/capl/financials.md) · [Filings](/companies/capl/filings.md) · [Insiders](/companies/capl/insiders.md)

Latest reported revenue: [$1.18bn](/filings/0001193125-26-335346.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, accession 0001193125-26-335346).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,079](/filings/0001193125-25-267170.md) | [944 d](/filings/0001193125-26-071870.md) | [862](/filings/0001193125-26-209202.md) | [962](/filings/0001193125-26-335346.md) | [972](/filings/0001193125-25-267170.md) | [866 d](/filings/0001193125-26-071870.md) | [842](/filings/0001193125-26-209202.md) | [1,179](/filings/0001193125-26-335346.md) |
| Gross margin | % | [10.3%](/filings/0001193125-25-267170.md) | [10.7% d](/filings/0001193125-26-071870.md) | [10.4%](/filings/0001193125-26-209202.md) | [10.5%](/filings/0001193125-26-335346.md) | [10.8%](/filings/0001193125-25-267170.md) | [12.4% d](/filings/0001193125-26-071870.md) | [11.6%](/filings/0001193125-26-209202.md) | [9.6%](/filings/0001193125-26-335346.md) |
| Operating margin | % | [2.5%](/filings/0001193125-25-267170.md) | [3.0% d](/filings/0001193125-26-071870.md) | [0.2%](/filings/0001193125-26-209202.md) | [4.3%](/filings/0001193125-26-335346.md) | [2.9%](/filings/0001193125-25-267170.md) | [3.0% d](/filings/0001193125-26-071870.md) | [2.8%](/filings/0001193125-26-209202.md) | [3.0%](/filings/0001193125-26-335346.md) |
| Net margin | % | [1.0%](/filings/0001193125-25-267170.md) | [1.8% d](/filings/0001193125-26-071870.md) | [(0.8%)](/filings/0001193125-26-335346.md) | [2.6%](/filings/0001193125-26-335346.md) | [1.4%](/filings/0001193125-25-267170.md) | [1.2% d](/filings/0001193125-26-071870.md) | [1.3%](/filings/0001193125-26-335346.md) | [1.8%](/filings/0001193125-26-335346.md) |
| Diluted EPS | $ per share | [0.27](/filings/0001193125-25-267170.md) | not reported | [(0.20)](/filings/0001193125-26-209202.md) | [0.64](/filings/0001193125-26-335346.md) | [0.34](/filings/0001193125-25-267170.md) | not reported | [0.26](/filings/0001193125-26-209202.md) | [0.52](/filings/0001193125-26-335346.md) |
| Free cash flow | $m | [34.2 d](/filings/0001193125-25-267170.md) | [3.9 d](/filings/0001193125-26-071870.md) | [4.9](/filings/0001193125-26-209202.md) | [10.8 d](/filings/0001193125-26-335346.md) | [17.7 d](/filings/0001193125-25-267170.md) | [22.4 d](/filings/0001193125-26-071870.md) | [24.5](/filings/0001193125-26-209202.md) | [25.8 d](/filings/0001193125-26-335346.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,579](/filings/0000950170-24-020383.md) | [4,967](/filings/0000950170-25-028082.md) | [4,386](/filings/0001193125-26-071870.md) | [4,098](/filings/0001193125-26-071870.md) | [3,663](/filings/0001193125-26-071870.md) |
| Gross margin | % | [7.7%](/filings/0000950170-24-020383.md) | [7.6%](/filings/0000950170-25-028082.md) | [8.7%](/filings/0001193125-26-071870.md) | [9.7%](/filings/0001193125-26-071870.md) | [11.0%](/filings/0001193125-26-071870.md) |
| Operating margin | % | [1.0%](/filings/0000950170-24-020383.md) | [1.9%](/filings/0000950170-25-028082.md) | [2.0%](/filings/0001193125-26-071870.md) | [1.7%](/filings/0001193125-26-071870.md) | [2.7%](/filings/0001193125-26-071870.md) |
| Net margin | % | [0.6%](/filings/0000950170-24-020383.md) | [1.3%](/filings/0000950170-25-028082.md) | [1.0%](/filings/0001193125-26-071870.md) | [0.5%](/filings/0001193125-26-071870.md) | [1.1%](/filings/0001193125-26-071870.md) |
| Diluted EPS | $ per share | [0.57](/filings/0000950170-24-020383.md) | [1.63](/filings/0000950170-25-028082.md) | [1.05](/filings/0001193125-26-071870.md) | [0.52](/filings/0001193125-26-071870.md) | [1.02](/filings/0001193125-26-071870.md) |
| Free cash flow | $m | [53.6](/filings/0000950170-24-020383.md) | [131](/filings/0000950170-25-028082.md) | [82.5](/filings/0001193125-26-071870.md) | [61.5](/filings/0001193125-26-071870.md) | [55.8](/filings/0001193125-26-071870.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/capl/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $128.2m | 5,720,129 |  | Unchanged |
| [Clearbridge Investments, LLC](/funds/1348883.md) | 2026-06-30 | $14.0m | 623,747 |  | Added +118,600 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $8.6m | 381,219 |  | Reduced −43,656 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $8.4m | 376,109 |  | Added +107,434 |
| [RAYMOND JAMES FINANCIAL INC](/funds/720005.md) | 2026-06-30 | $7.0m | 313,105 |  | Added +3,798 |
| [FIRST TRUST ADVISORS LP](/funds/1125816.md) | 2026-06-30 | $4.7m | 210,463 |  | Added +20,457 |
| [Quadrant Private Wealth Management, LLC](/funds/1727454.md) | 2026-06-30 | $3.7m | 163,356 |  | Added +812 |
| [Blackstone Inc.](/funds/1393818.md) | 2026-06-30 | $2.8m | 125,747 |  | Reduced −5,851 |
| [LPL Financial LLC](/funds/1403438.md) | 2026-06-30 | $2.6m | 115,174 |  | Reduced −6,837 |
| [NewEdge Wealth, LLC](/funds/1861796.md) | 2026-06-30 | $2.1m | 93,175 |  | Reduced −800 |

## Recent filings

[All 832 filings](/companies/capl/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-21 | 20:39 ET | [8-K](/filings/0001193125-26-427924.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-427924 |
| 2026-08-05 | 20:48 ET | [10-Q](/filings/0001193125-26-335346.md) | Quarterly report, period 2026-06-30 | 0001193125-26-335346 |
| 2026-08-05 | 20:45 ET | [8-K](/filings/0001193125-26-335332.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-335332 |
| 2026-07-21 | 20:45 ET | [8-K](/filings/0001193125-26-310448.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-310448 |
| 2026-07-16 | 20:06 ET | [8-K](/filings/0001193125-26-306100.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001193125-26-306100 |
| 2026-05-06 | 20:42 ET | [10-Q](/filings/0001193125-26-209202.md) | Quarterly report, period 2026-03-31 | 0001193125-26-209202 |
| 2026-05-06 | 20:36 ET | [8-K](/filings/0001193125-26-209170.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-209170 |
| 2026-04-22 | 20:52 ET | [8-K](/filings/0001193125-26-170686.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-170686 |
| 2026-03-02 | 22:01 ET | [8-K](/filings/0001193125-26-085660.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-085660 |
| 2026-02-25 | 21:42 ET | [10-K](/filings/0001193125-26-071870.md) | Annual report, period 2025-12-31 | 0001193125-26-071870 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-071870.md), filed Feb 25, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/4a9fa67b-2923-4f31-99e7-8f0121169aac)

## About the filer

- CIK: 1538849
- Tickers: CAPL
- Exchange: NYSE
- SIC code: 5172 Wholesale-Petroleum & Petroleum Products (No Bulk Stations)
- State of incorporation: not reported
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:42 ET. No prices; not investment advice.