CrossAmerica Partners LP (CAPL) AI Stock Analysis

CrossAmerica Partners LP, based in Allentown, Pennsylvania, operates primarily in the wholesale distribution of motor fuels, management of convenience stores, and ownership and leasing of retail fuel real estate. Founded in 1992 and rebranded in October 2014, the partnership operates through Wholesale and Retail segments. The Wholesale segment distributes motor fuels across approximately 1,750 sites in 34 states to lessee dealers, independent dealers, commission agents, and company-operated retail sites. The Retail segment sells convenience merchandise items and motor fuels at company-operated locations and sites run by commission agents. The partnership also owns or leases approximately 1,150 retail sites.

CrossAmerica Partners achieved a five-year revenue CAGR of 13.6% from FY2020 to FY2025. Annual revenue expanded from $3.58B in FY2021 to $4.97B in FY2022, before decreasing to $4.39B in FY2023, $4.10B in FY2024, and $3.66B in FY2025, when revenue fell 10.6%. Over this period, net income moved from $21.7M in FY2021 to $62.0M in FY2022, $40.1M in FY2023, $19.9M in FY2024, and $41.8M in FY2025, resulting in a net margin of 1.1%. Operating margin in FY2025 reached 5.6%. In the latest quarter ended June 30, 2026, quarterly revenue grew 25.9% year-over-year, while quarterly earnings declined 18.3%.

As of June 30, 2026, CrossAmerica Partners held $4.9M in cash and short-term investments against $830.5M in total debt, leading to net debt of $825.6M. The balance sheet reflects negative shareholders' equity of -$75.7M and a current ratio of 0.76 against $982.0M in total assets. During FY2025, operating cash flow was $91.5M and free cash flow was $55.8M. Capital allocation in FY2025 included capital expenditures of $35.7M and dividends paid of $80.3M.

CAPL trades at a trailing price-to-earnings multiple of 15.8x, slightly above the 15.0x median of its US-listed Energy peers. Its enterprise value to EBITDA ratio of 8.9x also stands above the peer median of 8.0x, while its price-to-sales ratio of 0.2x sits below the peer median of 1.8x. Its trailing operating margin of 3.2% compares to a peer median of 28.5%. In the market, CAPL stock gained 20.2% over the past year, outperforming the S&P 500 (SPY) return of 16.8%, but its 5-year return of 66.1% trailed the index's 83.0% gain.

CrossAmerica Partners pays a quarterly distribution with an annual forward dividend of $2.10, representing a dividend yield of 9.69%. The partnership has paid distributions for 14 consecutive years, though its 5-year annualized dividend growth stands at 0.0%. Its payout ratio is listed at 2.2%, and its last ex-dividend date was August 3, 2026.

Wall Street coverage includes 1 analyst rating, categorized as Hold, with 0 Buy and 0 Sell ratings. The mean price target is $20.00, representing a 7.7% discount to the last close of $21.68. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $4.05B and EPS of $1.33. Over the last four quarters, the partnership posted 4 EPS beats. The next earnings date is scheduled for November 4, 2026.

This page is an AI-written research summary of CrossAmerica Partners LP (CAPL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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