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Crossamerica Partners (CAPL)
NYSE:CAPL
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.48Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 10.07%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture for CrossAmerica Partners. While there were notable achievements in the retail segment with increased gross profits and same-store performance outpacing the national average, significant challenges were faced in the wholesale segment and overall financial metrics. The decline in retail fuel margins and increased operating expenses, along with heightened interest expenses, were significant lowlights. Despite these challenges, strategic site conversions and divestitures were positive steps towards long-term goals.Company Guidance
During the CrossAmerica Partners Fourth Quarter and Full Year 2024 Earnings Call, the company provided detailed guidance and performance metrics. The retail segment's gross profit for Q4 2024 rose by 5% to $75.1 million, driven by a 2% increase in same-store volume despite a national gasoline demand decline of 4%. However, retail fuel margins fell 9% year-over-year to 37.6 cents per gallon. The wholesale segment saw a 22% decline in gross profit to $25.9 million, impacted by a 12% reduction in fuel volume due to site conversions. For the full year, retail segment gross profit increased by 14% to $289.7 million, while wholesale gross profit decreased by 16% to $108.6 million. The company also divested 30 properties for $36.3 million in 2024. Despite challenges, including weaker fuel margins and inflationary pressures, CrossAmerica highlighted strategic site conversions and retail outperformance relative to national data. Adjusted EBITDA for Q4 2024 was $35.5 million, down 26% from the previous year, with distributable cash flow decreasing to $21.1 million, reflecting a distribution coverage of 1.06 times.Retail Segment Gross Profit Increase
For the fourth quarter of 2024, the retail segment gross profit increased by 5% to $75.1 million compared to $69 million in the fourth quarter of 2023.
Same-Store Performance Outperformance
Retail same-store volume increased by 2% for the quarter year over year, outperforming the national gasoline demand which was down approximately 4%.
Merchandise Gross Profit Growth
Merchandise gross profit increased by 27% to $28.1 million, driven by increased sales from a higher store count.
Increase in Company-Operated Site Count
Company-operated site count increased by 69 sites from the prior year, contributing to increased retail segment exposure.
Full Year Retail Segment Growth
For the full year, retail segment gross profit increased 14% to $289.7 million compared to $253.5 million for 2023.
Wholesale Same-Store Volume Outperformance
Wholesale same-store volume outperformed national averages, being down only 1% to 2% compared to national volume data down around 4%.
Successful Site Divestitures
Throughout 2024, 30 properties were divested for $36.3 million, with the company planning to continue this momentum into 2025.
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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
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CAPL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $22.84 | $22.96 | +0.53% |
| Nov 06, 2024 | $20.43 | $19.83 | -2.94% |
| Aug 07, 2024 | $18.31 | $19.12 | +4.42% |
| May 08, 2024 | $20.60 | $19.64 | -4.66% |
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.
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FAQ
When does Crossamerica Partners (CAPL) report earnings?
Crossamerica Partners (CAPL) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Crossamerica Partners (CAPL) earnings time?
Crossamerica Partners (CAPL) earnings time is at May 12, 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 2025 (Q1) is -0.06.
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