Crossamerica Partners LP (N:CAPL)
Business Focus: Petroleum Product Wholesale
| Sector: Energy | Industry: Oil & Gas Refining and Marketing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 645 WEST HAMILTON ST., SUITE 500 ALLENTOWN PA 18101 |
| Tel: | N/A |
| Website: | https://www.crossamericapartners.com |
| IR: | See website |
| Key People | ||
| Charles M. Nifong President, Chief Executive Officer, Director of CrossAmerica GP LLC | Maura E. Topper Chief Financial Officer, Director of CrossAmerica GP LLC | David F. Hrinak Executive Vice President of CrossAmerica GP LLC | Keenan D. Lynch Chief Administrative Officer, General Counsel, Director |
| Business Overview |
| CrossAmerica Partners LP is a wholesale distributor of motor fuels, convenience store operator, and owner and lessee of real estate used in the retail distribution of motor fuels. The Company operates through two segments: Wholesale, and Retail. The Wholesale segment includes the wholesale distribution of motor fuel to lessee dealers and independent dealers. The Retail segment includes the retail sale of motor fuel at retail sites operated by commission agents and the sale of convenience merchandise items and the retail sale of motor fuel at company operated sites. The Company distributes motor fuel on a wholesale basis to approximately 1,700 sites located in 34 states. The Company owns or leases approximately 1,100 sites, of which it operates 295 as company operated sites. The Company distributes branded motor fuel under the Exxon, Mobil, BP, Shell, Sunoco, Valero, Gulf, Citgo, Marathon, and Phillips 66 brands to its customers. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Crossamerica Partners LP revenues decreased 12% to $4.39B. Net income applicable to common stockholders decreased 35% to $40.1M. Revenues reflect Wholesale segment decrease of 15% to $2.29B, Retail segment decrease of 8% to $2.1B. Net income also reflects Retail segment income decrease of 10% to $96.7M, Wholesale segment income decrease of 3% to $90.8M. Dividend per share remained flat at $2.10. |
| Employees: | 244 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,548M as of Mar 31, 2024 |
| Annual revenue (TTM): | $4,386M as of Mar 31, 2024 |
| EBITDA (TTM): | $161.15M as of Mar 31, 2024 |
| Net annual income (TTM): | $40.10M as of Mar 31, 2024 |
| Free cash flow (TTM): | $2.50M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $751.97M as of Mar 31, 2024 |
| Shares outstanding: | 38,027,194 as of May 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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