📊 CAPL Key Takeaways
Investment Thesis
CrossAmerica Partners demonstrates improving profitability with net income up 86.3% YoY and positive free cash flow of $55.8M, but faces significant financial stress from weak liquidity (0.72x current ratio) and high leverage relative to its modest earnings base. The business generates stable operational cash flow in a commodity wholesale petroleum sector, though declining revenues (-10.6% YoY) and thin net margins (1.1%) limit margin for error.
CAPL Strengths
- Strong net income growth of 86.3% YoY with EPS growth of 96.2% demonstrating operational leverage improvement
- Positive free cash flow generation of $55.8M provides capital for distributions and debt service
- Operational cash flow of $91.5M substantially exceeds capital expenditure needs, indicating efficient capital structure
- Interest coverage of 2.0x provides basic debt servicing capability despite leverage
CAPL Risks
- Liquidity crisis risk with current ratio of 0.72x and minimal cash position of $3.1M relative to $1.0B liabilities
- Revenue decline of 10.6% YoY suggests volume or margin compression in competitive wholesale petroleum sector
- High leverage with $693.5M long-term debt against only $964.7M total assets creates refinancing and distress risk
- Extremely thin net margin of 1.1% leaves no room for operational deterioration or unexpected expenses
- Negative stockholders' equity indicates liabilities exceed assets, typical of highly leveraged MLP structures
Key Metrics to Watch
- Quarterly revenue trends and gross margin stability in commodity-driven wholesale segment
- Operating cash flow sustainability and free cash flow generation to assess debt paydown capacity
- Current ratio improvement and cash position growth to evaluate liquidity risk trajectory
- Debt levels and leverage ratios to monitor refinancing risk and covenant compliance
CAPL Financial Metrics
💡 AI Analyst Insight
The relatively thin 1.5% FCF margin may limit capital allocation flexibility. The current ratio below 1.0x warrants monitoring of short-term liquidity.
CAPL Profitability Ratios
CAPL vs Energy Sector
How CrossAmerica Partners LP compares to Energy sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CAPL Balance Sheet & Liquidity
CAPL 5-Year Financial Trend
5-Year Trend Summary: CrossAmerica Partners LP's revenue has grown significantly by 23% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.05 reflects profitable operations.
CAPL Growth Metrics (YoY)
CAPL Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $971.8M | $5.6M | $0.10 |
| Q2 2025 | $961.9M | -$5.1M | $-0.17 |
| Q1 2025 | $862.5M | -$7.1M | $-0.20 |
| Q3 2024 | $1.1B | $5.6M | $0.10 |
| Q2 2024 | $1.1B | -$979.0K | $-0.17 |
| Q1 2024 | $941.5M | -$979.0K | $-0.04 |
| Q3 2023 | $1.2B | $12.3M | $0.31 |
| Q2 2023 | $1.1B | -$979.0K | $0.32 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CAPL Capital Allocation
CAPL SEC Filings
Access official SEC EDGAR filings for CrossAmerica Partners LP (CIK: 0001538849)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CAPL
What is the AI rating for CAPL?
CrossAmerica Partners LP (CAPL) has an AI rating of HOLD with 55% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CAPL's key strengths?
Strong net income growth of 86.3% YoY with EPS growth of 96.2% demonstrating operational leverage improvement. Positive free cash flow generation of $55.8M provides capital for distributions and debt service.
What are the risks of investing in CAPL?
Liquidity crisis risk with current ratio of 0.72x and minimal cash position of $3.1M relative to $1.0B liabilities. Revenue decline of 10.6% YoY suggests volume or margin compression in competitive wholesale petroleum sector.
What is CAPL's revenue and growth?
CrossAmerica Partners LP reported revenue of $3.7B.
Does CAPL pay dividends?
CrossAmerica Partners LP pays dividends, with $80.0M distributed to shareholders in the trailing twelve months.
Where can I find CAPL SEC filings?
Official SEC filings for CrossAmerica Partners LP (CIK: 0001538849) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CAPL's EPS?
CrossAmerica Partners LP has a diluted EPS of $1.02.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.