CrossAmerica Partners LP (CAPL)

AI-Powered SEC Filing Analysis

Quarterly Report Filed: 2026-05-06

Key Insights

  • The filing shows Q1 2026 operations with detailed segment reporting across Retail and Wholesale fuel operations, indicating ongoing business activity, though specific financial metrics are not visible in the truncated content provided.
  • Multiple interest rate swap contracts are documented (three contracts referenced), suggesting active hedging strategies to manage debt-related interest rate exposure in the current interest rate environment.
  • Significant lease obligations and finance lease arrangements are present, including Getty Realty Corporation relationships, indicating substantial real estate commitments that materially impact the capital structure and cash flow obligations.
  • Supplier concentration risk is tracked with references to specific major suppliers, highlighting dependency on key fuel supply relationships that could represent operational vulnerabilities if not properly managed.
Current Report Filed: 2026-05-06

Key Insights

  • CrossAmerica Partners LP announced Q1 2026 financial results on May 6, 2026, through a press release and earnings presentation, indicating routine quarterly earnings disclosure with management providing forward guidance via investor call materials.
  • The filing is a standard Regulation FD disclosure with non-filed exhibits (press release and presentation slides), meaning the detailed financial results and forward-looking statements are not legally binding and the company reserves the right to update information without obligation.
  • Management cautions that actual results could differ materially from forward-looking statements, with risk factors detailed in the 2025 Form 10-K filing, suggesting investors should review full annual disclosures for comprehensive risk assessment.
  • As a Delaware limited partnership with common units trading on NYSE under ticker CAPL, the company maintains standard governance with its general partner (CrossAmerica GP LLC) signing the report, consistent with typical MLP structure.
Current Report Filed: 2026-04-22

Key Insights

  • CrossAmerica Partners LP maintained its quarterly distribution at $0.5250 per unit ($2.10 annualized), consistent with Q4 2025, indicating stable cash generation and commitment to returning capital to unitholders despite economic conditions.
  • The distribution is payable May 14, 2026 to unitholders of record as of May 4, 2026, providing clarity on payment timing for investors relying on distributions from this master limited partnership.
  • This routine quarterly distribution announcement via Regulation FD suggests the partnership continues normal operations without material adverse developments that would warrant changes to distribution policy or special disclosures.
Current Report Filed: 2026-03-02

Key Insights

  • CrossAmerica Partners LP has announced the appointment of Maura Topper as the new President and CEO, effective March 2, 2026, replacing the departing Charles M. Nifong, Jr.
  • The company has also appointed Jonathan E. Benfield as the Interim Chief Financial Officer and Chief Accounting Officer, effective March 2, 2026.
  • Maura Topper's annual base salary has been increased to $500,000, and her target short-term incentive opportunity remained unchanged at 50% of her base salary. Jonathan Benfield's annual base salary has been increased to $325,000, and his target short-term incentive opportunity increased to 50% of his base salary.
Insider Trading Filed: 2026-02-25

Key Insights

  • The filing indicates that Keenan D. Lynch, the General Counsel and Chief Administrative Officer of CrossAmerica Partners LP, acquired a significant number of common units through the company's compensation programs, suggesting he is aligning his interests with shareholders.
  • The reporting person also sold a portion of his common units to cover tax withholding, which is a common practice for insiders receiving equity-based compensation.
  • The timing of the transactions, with the acquisitions and dispositions occurring on the same day, suggests the reporting person is actively managing his ownership position in the company.
Annual Report Filed: 2026-02-25

Key Insights

  • The company has significant long-term debt and lease obligations, indicating it may be highly leveraged.
  • Operating income has fluctuated over the past few years, suggesting volatility in the company's profitability.
  • The company has concentration risk with a single supplier, which could expose it to supply chain disruptions.
Current Report Filed: 2026-02-25

Key Insights

  • CrossAmerica Partners LP reported its financial results for the year ended December 31, 2025, with the earnings announcement potentially containing important information for investors.
  • The company furnished investor presentation slides that will be used in its fourth quarter 2025 earnings call, providing insights into its financial and operational performance.
  • The filing includes a Safe Harbor statement highlighting that actual results may differ from forward-looking statements and that the company undertakes no obligation to publicly update the information.
Insider Trading Filed: 2026-02-25

Key Insights

  • The reporting person, Charles M. Nifong Jr., the President and CEO of CrossAmerica Partners LP, acquired a total of 12,647 common units through bonus compensation and equity awards on February 24, 2026.
  • Nifong also disposed of 3,843 common units to cover tax withholding, resulting in a net increase of 8,804 common units beneficially owned.
  • The reported transactions suggest Nifong's continued confidence in the company and alignment of his interests with those of other unitholders.
Insider Trading Filed: 2026-02-25

Key Insights

  • David Hrinak, the Executive Vice President of CrossAmerica Partners LP, acquired 1,832 common units on 02/24/2026 through the company's 2025 Performance-Based Bonus Compensation Policy, increasing his direct ownership to 51,331 common units.
  • Hrinak also disposed of 624 common units on the same date to cover tax withholding obligations, reducing his direct ownership to 50,707 common units.
  • The transactions suggest Hrinak's continued confidence in the company and alignment with shareholder interests through his equity ownership.
Insider Trading Filed: 2026-02-25

Key Insights

  • Maura Topper, the Chief Financial Officer, acquired 1,944 common units of CrossAmerica Partners LP through a performance-based bonus compensation policy, indicating her continued confidence in the company's performance.
  • Topper also acquired an additional 2,301 common units through a 2022 performance unit award, further increasing her ownership stake in the company.
  • The company withheld 663 and 784 common units from Topper to cover tax withholding obligations, suggesting a disciplined approach to managing her ownership structure.
Insider Trading Filed: 2026-02-25

Key Insights

  • The reporting person, Stephen J. Lattig, acquired 1,385 common units in CrossAmerica Partners LP (CAPL) on February 24, 2026, indicating potential insider buying and confidence in the company.
  • Lattig also disposed of 491 common units through tax withholding, suggesting he is managing his equity position and tax obligations.
  • The reported transactions suggest Lattig's continued involvement and commitment to the company as a senior executive, which could be viewed positively by investors.
Insider Trading Filed: 2026-02-25

Key Insights

  • Robert Brecker, the Executive Vice President of Operations, acquired 1,787 additional common units of CrossAmerica Partners LP (CAPL) through performance-based compensation, indicating confidence in the company's future performance.
  • Brecker also sold 615 common units to cover tax withholding, suggesting he is not significantly reducing his overall stake in the company.
  • The timing of the transactions, shortly before the filing date, may indicate that Brecker believes the company's stock is undervalued and presents a favorable investment opportunity.
Current Report Filed: 2026-01-21

Key Insights

  • CrossAmerica Partners LP maintained its quarterly distribution of $0.5250 per unit ($2.10 annualized) for the fourth quarter of 2025, consistent with the previous quarter.
  • The partnership continues to provide stable distributions to its unitholders, indicating a consistent financial performance.
  • The announcement of the distribution payment date and record date suggests the partnership is maintaining its regular distribution schedule.
Insider Trading Filed: 2026-01-02

Key Insights

  • Robert Brecker, the Executive Vice President of Operations, exercised 1,871 phantom units and acquired 1,871 common units of CrossAmerica Partners LP (CAPL) on 12/31/2025.
  • Brecker also sold 546 common units to cover tax withholding, indicating some liquidity needs.
  • The transaction appears to be a routine vesting of executive compensation, with no significant change in Brecker's overall stake in the company.
Insider Trading Filed: 2026-01-02

Key Insights

  • The reporting person, Charles M. Nifong Jr., who is the President and CEO of CrossAmerica Partners LP, acquired 6,180 common units through the vesting of phantom units on December 31, 2025.
  • Nifong also disposed of 1,779 common units to cover tax withholding requirements triggered by the vesting event, indicating a net increase in his direct beneficial ownership of the issuer's common units.
  • The reported transactions suggest continued confidence and alignment of interests between the CEO and the company's shareholders.
Insider Trading Filed: 2026-01-02

Key Insights

  • Stephen J. Lattig, a Senior Vice President Retail at CrossAmerica Partners LP, exercised 1,926 phantom units that were previously granted, indicating continued commitment to the company.
  • Lattig also sold 581 common units to cover tax withholding obligations, suggesting he is not making significant changes to his overall ownership position.
  • The transaction occurred on December 31, 2025, which is the vesting date for the phantom units, suggesting this was a routine event aligned with the company's compensation practices.
Insider Trading Filed: 2026-01-02

Key Insights

  • Maura Topper, the Chief Financial Officer of CrossAmerica Partners LP (CAPL), has exercised 2,345 phantom units and received 2,345 common units, indicating her continued commitment to the company.
  • Topper has also sold 676 common units to cover tax withholding obligations, which is a common practice for executives receiving equity-based compensation.
  • The reported transactions suggest Topper's beneficial ownership of CAPL common units has decreased slightly from 22,901 to 22,225 shares, representing her direct ownership in the company.
Insider Trading Filed: 2026-01-02

Key Insights

  • Keenan D. Lynch, the General Counsel and Chief Administrative Officer, acquired 2,757 common units of CrossAmerica Partners LP (CAPL) through the vesting of phantom units on 12/31/2025.
  • Lynch also sold 794 common units to cover tax withholding obligations, indicating he is holding on to a significant portion of his vested units.
  • The reported transaction suggests continued executive commitment and alignment with shareholders as Lynch maintains a sizable direct ownership position in CAPL.

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Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.