CrossAmerica Partners LP
CAPL · Wholesale-Petroleum & Petroleum Products (No Bulk Stations) · 38.2M shares · +0%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $221K (gross $3M, SBC $3M)
Reference price $19.74 · est. market cap ~$753M — last insider purchase, 2025-10-10 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C63Fuel-distribution MLP with positive free cash flow but thin liquidity, high leverage, and distribution-dependent unitholder model.
Strengths
- Positive FCF of $55.8M (60th pct) supporting distributions
- Diversified ~1,600-site footprint and stable rental/wholesale income streams
Risks
- Weak liquidity — current ratio 0.72 (18th pct), quick ratio 0.33; minimal cash ($3.1M)
- Modest interest coverage (2.0x) and meaningful debt load
- Topper Group control/conflicts and reliance on distribution sustainability
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on assets
4.3%
Revenue growth (QoQ)
0.3%
Net-income growth
86.3%
Net debt / EBITDA
3.7×
Interest coverage
2.0×
Current ratio
0.7×
Free cash flow
$56M
EBITDA
$187M
Cash & investments
$3M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-21 | Topper Joseph V. Jr. | Other | 6.4K | $22.72 |
| 2026-05-21 | Topper Joseph V. Jr. | Other | 6.4K | $22.72 |
| 2026-02-24 | Nifong Charles M Jr. | Tax withheld | 2.0K | $20.78 |
| 2026-02-24 | Nifong Charles M Jr. | Grant | 6.4K | — |
| 2026-02-24 | Nifong Charles M Jr. | Tax withheld | 1.8K | $20.78 |
| 2026-02-24 | Hrinak David | Grant | 1.8K | — |
| 2026-02-24 | Hrinak David | Tax withheld | 624 | $20.78 |
| 2026-02-24 | Lynch Keenan D | Grant | 1.9K | — |
| 2026-02-24 | Lynch Keenan D | Tax withheld | 663 | $20.78 |
| 2026-02-24 | Lynch Keenan D | Grant | 1.7K | — |
| 2026-02-24 | Lynch Keenan D | Tax withheld | 587 | $20.78 |
| 2026-02-24 | Topper Maura | Grant | 1.9K | — |
| 2026-02-24 | Topper Maura | Tax withheld | 663 | $20.78 |
| 2026-02-24 | Topper Maura | Grant | 2.3K | — |
| 2026-02-24 | Topper Maura | Tax withheld | 784 | $20.78 |
| 2026-02-24 | Lattig Stephen J | Grant | 1.4K | — |
| 2026-02-24 | Lattig Stephen J | Tax withheld | 491 | $20.78 |
| 2026-02-24 | Brecker Robert | Grant | 1.8K | — |
| 2026-02-24 | Brecker Robert | Tax withheld | 615 | $20.78 |
| 2026-02-24 | Brecker Robert | Tax withheld | 385 | $20.78 |
| 2026-02-24 | Brecker Robert | Grant | 1.1K | — |
| 2026-02-24 | Nifong Charles M Jr. | Grant | 6.3K | — |
| 2025-12-31 | Brecker Robert | Option exercise | 1.9K | — |
| 2025-12-31 | Nifong Charles M Jr. | Option exercise | 6.2K | — |
| 2025-12-31 | Nifong Charles M Jr. | Tax withheld | 1.8K | $20.51 |
| 2025-12-31 | Lattig Stephen J | Option exercise | 1.9K | — |
| 2025-12-31 | Lattig Stephen J | Tax withheld | 581 | $20.51 |
| 2025-12-31 | Topper Maura | Option exercise | 2.3K | — |
| 2025-12-31 | Topper Maura | Tax withheld | 676 | $20.51 |
| 2025-12-31 | Lynch Keenan D | Option exercise | 2.8K | — |
| 2025-12-31 | Lynch Keenan D | Tax withheld | 794 | $20.51 |
| 2025-12-31 | Brecker Robert | Tax withheld | 546 | $20.51 |
| 2025-10-10 | Reilly John B. III | Buy | 1.9K | $19.74 |
| 2025-10-10 | Topper Joseph V. Jr. | Buy | 1.8K | $19.74 |
| 2025-08-12 | Reilly John B. III | Buy | 2.7K | $20.01 |
| 2025-08-12 | Topper Joseph V. Jr. | Buy | 2.7K | $20.01 |
| 2025-07-23 | Valosky Kenneth G | Option exercise | 3.4K | — |
| 2025-07-23 | Topper Joseph V. Jr. | Option exercise | 3.4K | — |
| 2025-07-23 | Kim Mickey | Option exercise | 3.4K | — |
| 2025-07-23 | Gannon Justin A. | Option exercise | 3.4K | — |
| 2025-07-23 | Reilly John B. III | Option exercise | 3.4K | — |
| 2025-07-21 | Valosky Kenneth G | Option exercise | 3.4K | — |
| 2025-07-21 | Kelso Thomas E | Option exercise | 3.4K | — |
| 2025-07-21 | Topper Joseph V. Jr. | Option exercise | 3.4K | — |
| 2025-02-25 | Brecker Robert | Grant | 2.8K | — |
| 2025-02-25 | Brecker Robert | Tax withheld | 946 | $22.80 |
| 2025-02-25 | Lattig Stephen J | Grant | 1.1K | — |
| 2025-02-25 | Lattig Stephen J | Tax withheld | 379 | $22.80 |
| 2025-02-25 | Nifong Charles M Jr. | Grant | 4.4K | — |
| 2025-02-25 | Nifong Charles M Jr. | Tax withheld | 1.4K | $22.80 |
| 2025-02-25 | Nifong Charles M Jr. | Grant | 20K | — |
| 2025-02-25 | Nifong Charles M Jr. | Tax withheld | 5.7K | $22.80 |
| 2025-02-25 | Lynch Keenan D | Grant | 1.4K | — |
| 2025-02-25 | Lynch Keenan D | Tax withheld | 486 | $22.80 |
| 2025-02-25 | Lynch Keenan D | Grant | 5.3K | — |
| 2025-02-25 | Lynch Keenan D | Tax withheld | 1.7K | $22.80 |
| 2025-02-25 | Topper Maura | Grant | 1.5K | — |
| 2025-02-25 | Topper Maura | Tax withheld | 513 | $22.80 |
| 2025-02-25 | Topper Maura | Grant | 7.1K | — |
| 2025-02-25 | Topper Maura | Tax withheld | 2.2K | $22.80 |
| 2025-02-25 | Hrinak David | Grant | 1.2K | — |
| 2025-02-25 | Hrinak David | Tax withheld | 398 | $22.80 |
| 2025-02-25 | Brecker Robert | Grant | 1.2K | — |
| 2025-02-25 | Brecker Robert | Tax withheld | 405 | $22.80 |
| 2024-12-31 | Lynch Keenan D | Tax withheld | 746 | $21.65 |
| 2024-12-31 | Topper Maura | Tax withheld | 660 | $21.65 |
| 2024-12-31 | Brecker Robert | Option exercise | 1.6K | — |
| 2024-12-31 | Brecker Robert | Tax withheld | 479 | $21.65 |
| 2024-12-31 | Lattig Stephen J | Option exercise | 1.3K | — |
| 2024-12-31 | Lattig Stephen J | Tax withheld | 382 | $21.65 |
| 2024-12-31 | Nifong Charles M Jr. | Option exercise | 6.2K | — |
| 2024-12-31 | Nifong Charles M Jr. | Tax withheld | 1.8K | $21.65 |
| 2024-12-31 | Lynch Keenan D | Option exercise | 2.6K | — |
| 2024-12-31 | Topper Maura | Option exercise | 2.3K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-06 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-22 | Reg FDExhibits | filing ↗ |
| 2026-03-02 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-02-25 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-21 | Reg FDExhibits | filing ↗ |
| 2025-11-05 | ResultsReg FDExhibits | filing ↗ |
| 2025-10-22 | Reg FDExhibits | filing ↗ |
| 2025-10-03 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-06 | 2026-03-31 | 0001193125-26-209202 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001193125-26-209170 ↗ |
| 8-K | 2026-04-22 | 2026-04-22 | 0001193125-26-170686 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001193125-26-085660 ↗ |
| 10-K | 2026-02-25 | 2025-12-31 | 0001193125-26-071870 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001193125-26-071725 ↗ |
| 8-K | 2026-01-21 | 2026-01-21 | 0001193125-26-018089 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0001193125-25-267180 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001193125-25-267170 ↗ |
| 8-K | 2025-10-22 | 2025-10-22 | 0001193125-25-246845 ↗ |
| 8-K | 2025-10-03 | 2025-09-29 | 0001193125-25-230438 ↗ |
| 8-K | 2025-08-07 | 2025-08-06 | 0000950170-25-104311 ↗ |