Companies /Energy
CrossAmerica Partners LP
NYSE: CAPL Oil & Gas Refining & Marketing
$21.54
▼ $0.13 (−0.60%) today
Markets closed · 12:29am ET

CrossAmerica Partners (CAPL) Q1 2025 Earnings

Reported May 7, 2025, 6:00pm ET · SEC source
$-0.20
Miss −233.33%
EPS · est. $-0.06
$862.5M
Beat +17.33%
Revenue · est. $735.1M
−8.5%
Trailing market
CAPL vs S&P since report
5 quarters
Consecutive EPS beats

How Did CAPL Stock React to Q1 2025 Earnings?

% change · around the report
−2%0+2%May 7May 8report 6:00pm ETearnings+0.7%−0.9%
−2%0+2%May 7May 8earnings+0.7%−0.9%
CAPL −0.9%S&P 500 +0.7%
−2%0+2%May 7May 8report 6:00pm ETearnings+1.1%−0.9%
−2%0+2%May 7May 8earnings+1.1%−0.9%
CAPL −0.9%NASDAQ +1.1%
−3%0+3%May 7May 15report 6:00pm ETearnings+5.2%+4.5%
−3%0+3%May 7May 15earnings+5.2%+4.5%
CAPL +4.5%S&P 500 +5.2%
−4%0+4%+8%May 7May 15report 6:00pm ETearnings+7.3%+4.5%
−4%0+4%+8%May 7May 15earnings+7.3%+4.5%
CAPL +4.5%NASDAQ +7.3%
−2.37%
Day of report
−1.44%
Next session
+5.48%
One week
−1.75%
30 days

S&P 500 over the same 30 days: +6.73%.

Did CAPL Beat Earnings? Q1 2025 Results

No. CrossAmerica Partners reported Q1 2025 earnings of $-0.20 a share on May 7, 2025, missing the $-0.06 consensus estimate by 233.3%. Revenue was $862.5M against a $735.1M estimate.

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

“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.”

CrossAmerica Partners CEO, on the earnings call

CAPL YoY Financials

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$0$300.0M$600.0M$900.0M$941.6M$862.5MRevenue$81.3M$89.8MGross Profit$929,228$2.0MOperating Income$-4,422,001$-7,115,000Net Income
$0$300.0M$600.0M$900.0MRevenueGross ProfitOperating IncomeNet Income
CAPL income statement, Q1 2025 versus Q1 2024
Metric Q1 2025 Q1 2024 Year over year
Revenue $862.5M $941.6M −8.4%
Gross Profit $89.8M $81.3M +10.4%
Operating Income $2.0M $929,228 +115.3%
Net Income −$7.1M −$4.4M +60.9%

CAPL Revenue by Segment

Retail Segment
Retail
Wholesale Segment
Wholesale

Figures from SEC filings and company reports. Not investment advice.