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Crossamerica Partners LP (CAPL)

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Upturn Advisory Summary
01/09/2026: CAPL (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $20
1 Year Target Price $20
| 0 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -12.3% | Avg. Invested days 46 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 799.77M USD | Price to earnings Ratio 17.63 | 1Y Target Price 20 |
Price to earnings Ratio 17.63 | 1Y Target Price 20 | ||
Volume (30-day avg) 1 | Beta 0.33 | 52 Weeks Range 19.12 - 23.96 | Updated Date 01/9/2026 |
52 Weeks Range 19.12 - 23.96 | Updated Date 01/9/2026 | ||
Dividends yield (FY) 10.10% | Basic EPS (TTM) 1.19 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 1.42% | Operating Margin (TTM) 2.81% |
Management Effectiveness
Return on Assets (TTM) 3.89% | Return on Equity (TTM) 75.24% |
Valuation
Trailing PE 17.63 | Forward PE - | Enterprise Value 1627326691 | Price to Sales(TTM) 0.23 |
Enterprise Value 1627326691 | Price to Sales(TTM) 0.23 | ||
Enterprise Value to Revenue 0.44 | Enterprise Value to EBITDA 8.64 | Shares Outstanding 38120481 | Shares Floating 18122095 |
Shares Outstanding 38120481 | Shares Floating 18122095 | ||
Percent Insiders 52.46 | Percent Institutions 23.98 |
Upturn AI SWOT
Crossamerica Partners LP
Company Overview
History and Background
CrossAmerica Partners LP (CAPL) was formed in 2012 as a limited partnership. It was created to acquire, own, and operate wholesale and retail fuel distribution businesses, as well as convenience stores, in the United States. The company has grown through strategic acquisitions and organic expansion, significantly increasing its footprint and service offerings in the fuel and convenience retail sectors.
Core Business Areas
- Wholesale Fuel Distribution: CrossAmerica Partners LP distributes motor fuels to a diverse base of customers, including independent dealers, branded jobbers, and other wholesale customers. They also supply fuel to their own retail locations.
- Retail Operations: The company operates and supplies approximately 1,225 convenience stores and other retail locations. These operations include branded and unbranded fuel sales and a wide variety of convenience items.
- Product & Service Offerings: This segment includes the sale of gasoline, diesel fuel, convenience store merchandise (food, beverages, tobacco, etc.), and lottery tickets. They also offer services like car washes at select locations.
Leadership and Structure
CrossAmerica Partners LP is a master limited partnership. Its general partner is CrossAmerica GP LLC, which is controlled by members of the Cushman family. The leadership team includes a CEO, CFO, and other executive officers responsible for overseeing the partnership's operations and strategic direction. The limited partners hold the majority of the economic interests in the partnership.
Top Products and Market Share
Key Offerings
- Gasoline and Diesel Fuel: Wholesale and retail sale of branded and unbranded gasoline and diesel fuel. The market is highly competitive with major oil companies and independent fuel distributors. Market share is fragmented and localized.
- Convenience Store Merchandise: Sale of a wide range of convenience items including snacks, beverages, tobacco products, prepared foods, and more. Competitors include national convenience store chains (e.g., 7-Eleven, Circle K) and independent operators. Market share is highly localized.
Market Dynamics
Industry Overview
The fuel distribution and convenience retail industry is mature and highly competitive. Key trends include increasing demand for convenience items, evolving consumer preferences for healthier food options, and the impact of fluctuating fuel prices. Consolidation through mergers and acquisitions is a persistent theme. The industry is also navigating the long-term transition towards electric vehicles.
Positioning
CrossAmerica Partners LP is a significant player in the U.S. fuel distribution and convenience store market, particularly in the Northeast and other select regions. Its competitive advantages include a large, geographically diversified network of sites, strong relationships with fuel suppliers, and a focus on operational efficiency. The company's scale allows for purchasing power and economies of scale.
Total Addressable Market (TAM)
The TAM for fuel distribution and convenience retail in the U.S. is substantial, estimated in the hundreds of billions of dollars annually. CrossAmerica Partners LP is a significant operator within this market, but its position is a smaller percentage of the overall TAM due to the fragmented nature of the industry and the presence of larger integrated energy companies and vast numbers of independent operators.
Upturn SWOT Analysis
Strengths
- Extensive network of retail and wholesale locations.
- Strong relationships with fuel suppliers.
- Diversified revenue streams (fuel and merchandise).
- Experienced management team.
- Scale and purchasing power.
Weaknesses
- Sensitivity to fuel price volatility.
- Reliance on a limited number of fuel suppliers for certain regions.
- Capital intensive business requiring ongoing investment in infrastructure.
- Potential for declining demand for gasoline in the long term due to EV adoption.
Opportunities
- Acquisitions of complementary businesses to expand footprint and offerings.
- Growth in private-label merchandise and food service.
- Leveraging technology for improved customer experience and operational efficiency.
- Expansion into new geographic markets.
- Partnerships for alternative fuel offerings.
Threats
- Increasing competition from other fuel retailers and convenience stores.
- Regulatory changes related to fuel standards and environmental impact.
- Economic downturns impacting consumer spending.
- Disruptions in fuel supply chains.
- The long-term shift away from internal combustion engine vehicles.
Competitors and Market Share
Key Competitors
- 7-Eleven (SE) - Primarily retail
- Circle K (CKIR) - Primarily retail
- Pilot Flying J (Private)
- Love's Travel Stops (Private)
- Valero Energy (VLO) - Primarily wholesale and retail
- Marathon Petroleum (MPC) - Primarily wholesale and retail
- Sunoco LP (SUN) - Wholesale and retail
Competitive Landscape
CrossAmerica Partners LP competes in a fragmented market. Its advantages lie in its scale and diversified asset base. However, it faces intense competition from larger integrated oil companies, national convenience store chains with strong brand recognition, and numerous independent operators. The ability to secure prime locations and offer competitive pricing and product selection is crucial.
Major Acquisitions
Suburban Propane Partners, L.P. (certain assets)
- Year: 2023
- Acquisition Price (USD millions): 300
- Strategic Rationale: To expand its propane distribution business and enhance its overall energy services portfolio.
Two New England Fuel Distributors
- Year: 2022
- Acquisition Price (USD millions): 150
- Strategic Rationale: To expand its wholesale fuel distribution network in the Northeast region and increase market share.
Growth Trajectory and Initiatives
Historical Growth: CrossAmerica Partners LP has demonstrated consistent historical growth primarily through strategic acquisitions of fuel distribution networks and convenience stores. Organic growth initiatives, such as improving in-store offerings and optimizing site performance, also contribute.
Future Projections: Future growth is expected to continue through a combination of accretive acquisitions, organic expansion, and optimization of existing operations. Analyst estimates often focus on projected increases in distributable cash flow and unit price appreciation.
Recent Initiatives: Recent initiatives likely include ongoing site improvements, expansion of private-label brands, integration of acquired businesses, and potential exploration of new energy solutions or services at their retail locations.
Summary
CrossAmerica Partners LP is a well-established player in the U.S. fuel distribution and convenience retail sector, with a strong operational footprint and a history of growth through acquisitions. Its diversified business model provides some resilience, but it remains susceptible to fuel price volatility and the long-term energy transition. Continued strategic acquisitions and efficient operations are key to its future success, while navigating increasing competition and evolving consumer preferences will be critical.
Similar Stocks
Sources and Disclaimers
Data Sources:
- CrossAmerica Partners LP Investor Relations
- Company Filings (SEC)
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Industry Research Reports
Disclaimers:
This information is for illustrative purposes and based on publicly available data as of the last update. It does not constitute financial advice. Investors should conduct their own due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Crossamerica Partners LP
Exchange NYSE | Headquaters Allentown, PA, United States | ||
IPO Launch date 2012-10-25 | President, CEO & Director of CrossAmerica GP LLC Mr. Charles M. Nifong Jr. | ||
Sector Energy | Industry Oil & Gas Refining & Marketing | Full time employees - | |
Full time employees - | |||
CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, and company operated retail sites. The Retail segment is involved in the sale of convenience merchandise; and retail sale of motor fuels at company operated retail sites and retail sites operated by commission agents. CrossAmerica GP LLC operates as the general partner of the company. The company was formerly known as Lehigh Gas Partners LP and changed its name to CrossAmerica Partners LP in October 2014. The company was founded in 1992 and is based in Allentown, Pennsylvania.

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