Q1 25 EPS
$-0.20
MISS 233.33%
Est. $-0.06
Q1 25 Revenue
$862.5M
BEAT +17.33%
Est. $735.1M
vs S&P Since Q1 25
-27.3%
TRAILING MARKET
CAPL +6.3% vs S&P +33.6%
Market Reaction
Did CAPL Beat Earnings? Q1 2025 Results
CrossAmerica Partners delivered a mixed first quarter for 2025, posting a significant earnings miss while exceeding revenue expectations by a wide margin. The partnership reported an EPS of $-0.20, falling well short of the $-0.06 consensus estimate,… Read more CrossAmerica Partners delivered a mixed first quarter for 2025, posting a significant earnings miss while exceeding revenue expectations by a wide margin. The partnership reported an EPS of $-0.20, falling well short of the $-0.06 consensus estimate, a miss of 233.33%, even as revenue reached $862.48 million against expectations of $735.09 million, a beat of 17.33%, though revenue still declined 8.4% from the year-ago period. The headline loss was driven in part by $8.50 million in impairment charges tied to CrossAmerica's ongoing asset rationalization program, which weighed on results despite a $5.60 million gain from real estate dispositions softening the blow. The retail segment emerged as the clearest bright spot, with gross profit climbing 16% on the back of a 17% expansion in company-operated site count and stronger fuel margins, though softer same-store volumes and a Distribution Coverage Ratio that fell to 0.46x for the quarter underscored the pressures still facing the fuel distribution partnership.
Key Takeaways
- • Retail segment gross profit increased 16% driven by 17% increase in average company-operated site count
- • Retail motor fuel margin per gallon increased 10% to $0.339 driven by crude oil price movements and market volatility
- • Wholesale margin per gallon increased 23% driven by fuel market volatility and better product sourcing costs
- • Net gains of $5.6 million from real estate rationalization asset sales
- • Conversion of lessee dealer sites to company-operated and commission agent sites
- • Rising interest expense pressured Distributable Cash Flow, declining 22% year-over-year
CAPL YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
CAPL Revenue by Segment
With YoY comparisons, source: SEC Filings
“The first quarter was once again a challenging start to the year for the industry overall. While our EBITDA improved modestly compared to the prior year, our results reflect the difficult operating environment.”
— Charles Nifong, Q1 2025 Earnings Press Release
CAPL Earnings Trends
CAPL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CAPL EPS Trend
Earnings per share: estimate vs actual
CAPL Revenue Trend
Quarterly revenue: estimate vs actual
CAPL Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-0.16 | $0.26 | +262.50% | $841.8M | +20.72% |
| Q4 25 BEAT FY | $0.05 | $0.25 | +400.00% | $866.3M | +15.81% |
| FY Full Year | $0.82 | $1.02 | +24.39% | $3.66B | +3.34% |
| Q3 25 BEAT | $0.07 | $0.34 | +385.71% | $971.8M | +24.45% |
| Q2 25 BEAT | $0.20 | $0.64 | +220.00% | $961.9M | +21.22% |
| Q1 25 MISS | $-0.06 | $-0.20 | -233.33% | $862.5M | +17.33% |