Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Crossamerica Partners (CAPL)
NYSE:CAPL
RESEARCH TOOLSreports
Holding CAPL?
Track your performance easily
Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.04Last Year’s EPS
$0.42Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 3.73%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with notable achievements in the retail segment growth and strong fuel margins, counterbalanced by declines in wholesale segment performance, distributable cash flow, and net income. Strategic site conversions and property divestitures were positive, but increased expenses and interest costs were concerning.Company Guidance
During the CrossAmerica Partners Third Quarter 2024 Earnings Conference Call, Charles Nifong and Maura Topper highlighted several key metrics and achievements. The retail segment saw a 24% increase in gross profit and a 19% rise in operating income, largely attributed to converting sites from wholesale to retail and strong same-store performance. Motor fuel gross profit rose by 26%, with a notable increase in the retail fuel margin to $0.406 per gallon, marking the highest margin of the year. The company-operated stores outperformed national trends, with a 2% growth in same-store volume despite an overall 5% national demand decline. In the wholesale segment, gross profit decreased by 16% due to site conversions, but fuel margin per gallon increased to $0.09. The partnership reported a net income of $10.7 million, with adjusted EBITDA slightly decreasing by 1% to $43.9 million. Despite challenges, CrossAmerica maintained a distribution coverage of 1.36x and reduced its credit facility balance, showcasing a strong quarter and effective strategic execution.Retail Segment Growth
The retail segment experienced a 24% increase in gross profit and a 19% increase in operating income for Q3 2024 compared to the prior year. This was driven by successful conversions from the wholesale segment and strong same-store gallons and store sales performance.
Strong Fuel Margins
Retail fuel margin increased 9% year-over-year, with Q3 2024 being the highest margin quarter of the year at $0.406 per gallon, benefiting from declining crude oil prices.
Expansion of Retail Sites
The company increased its retail site count by 115 sites compared to Q3 2023, and added 8 commission locations during the quarter, indicating strategic growth in retail operations.
Property Divestitures
The company divested 9 properties for $7.2 million in proceeds, resulting in a net gain of $5.3 million, and expects a busy Q4 for further property sales.
---
CAPL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CAPL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $20.90 | $20.29 | -2.92% |
| Aug 07, 2024 | $18.74 | $19.56 | +4.38% |
| May 08, 2024 | $21.07 | $20.09 | -4.65% |
| Feb 26, 2024 | $20.06 | $19.92 | -0.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Crossamerica Partners (CAPL) report earnings?
Crossamerica Partners (CAPL) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Crossamerica Partners (CAPL) earnings time?
Crossamerica Partners (CAPL) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CAPL EPS forecast?
CAPL EPS forecast for the fiscal quarter 2024 (Q4) is $0.04.
---