CAPL

Energy

CrossAmerica Partners LP · Oil & Gas Refining & Marketing · $870M

UQS Score — Balanced Preset
34.8
Below Average

CrossAmerica Partners LP scores 34.8/100 using the Balanced preset.

UQS vs Energy Sector
CAPL
34.8
Sector avg
43.5
Quality
Neutral
Moat
Weak
Growth
Weak
Risk
Weak
Valuation
Good

What is CrossAmerica Partners LP?

CrossAmerica Partners LP is a small-cap master limited partnership focused on wholesale motor fuel distribution and convenience retail across the United States. Headquartered in Allentown, Pennsylvania, the partnership operates a broad network of fuel sites and real estate holdings.

CrossAmerica Partners generates revenue through two segments. The Wholesale segment distributes motor fuels to lessee dealers, independent dealers, commission agents, and company-operated sites across dozens of states. The Retail segment sells convenience merchandise and motor fuels directly to consumers at company-operated locations and sites run by commission agents. The partnership also owns and leases real estate used in retail fuel distribution, adding a property-income layer to its business model.

The partnership was founded in 2012 and is headquartered in Allentown, Pennsylvania.

  • Wholesale motor fuel distribution to dealers and agents
  • Retail fuel sales at company-operated sites
  • Convenience store merchandise sales
  • Ownership and leasing of fuel retail real estate

Is CAPL a Good Stock to Buy?

UQS Score rates CAPL as Below Average overall, reflecting meaningful structural challenges across several key pillars.

The most notable relative bright spot in CAPL's profile is its Valuation pillar, which is rated Good — suggesting the market may already be pricing in the partnership's headwinds. The Quality pillar lands at Neutral, indicating neither a clear operational advantage nor a severe deterioration in business fundamentals.

The Moat, Growth, and Risk pillars are all rated Weak, pointing to limited competitive differentiation, constrained expansion prospects, and elevated financial or operational risk factors that investors should weigh carefully.

See the full pillar breakdown and underlying financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does CAPL pay dividends?

Yes — CrossAmerica Partners LP pays a dividend.

CrossAmerica Partners pays a regular distribution, as is common among master limited partnerships structured to return cash to unitholders. The partnership's distribution reflects its role as a pass-through vehicle in the fuel distribution chain. Investors focused on income should review the current distribution level and payout sustainability in the context of CAPL's Weak Risk and Growth pillar ratings.

When does CAPL report earnings?

CrossAmerica Partners reports financial results on a quarterly cadence, consistent with US-listed partnerships.

Given the Weak Growth pillar rating, recent results have reflected the challenges inherent in fuel distribution — a volume-driven, margin-thin business sensitive to commodity price swings and consumer demand shifts. The Neutral Quality rating suggests operations remain functional but lack standout efficiency relative to peers.

For the most recent quarter's results and distribution announcements, visit CrossAmerica Partners' investor relations page directly.

CAPL Price History

+70.3% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in CrossAmerica Partners LP?

$
Today it would be worth
$17,407
That's a +74.1% total return, or +11.7% annualized.

Based on CrossAmerica Partners LP's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

CAPL Long-term Outlook

The combination of Weak Growth and Weak Risk pillar ratings suggests the near-term fundamental outlook for CAPL carries meaningful uncertainty. The partnership operates in a mature, commoditized segment of the energy sector where volume growth is difficult to sustain and margin expansion is structurally limited. The Good Valuation rating may offer some downside cushion, but it does not offset the underlying growth and risk profile.

Growth drivers

  • Potential site count expansion through dealer network additions
  • Real estate lease income providing a relatively stable revenue layer
  • Wholesale fuel volume tied to broader transportation demand

Key risks

  • Commodity price volatility compressing wholesale fuel margins
  • Long-term structural decline in gasoline demand as EV adoption grows
  • Elevated financial risk given the partnership's leverage profile

CAPL vs Peers

CrossAmerica Partners operates in a competitive fuel distribution landscape alongside several other energy distribution and alternative fuel businesses.

WKCCAPL scores lower
World Kinect Corporation

World Kinect operates as a global energy management and fuel logistics company, with a broader international footprint than CAPL's domestic focus.

CLNECAPL scores lower
Clean Energy Fuels Corp.

Clean Energy Fuels focuses on natural gas and renewable fuel distribution, positioning itself toward the energy transition rather than traditional gasoline.

SGUCAPL scores lower
Star Group, L.P.

Star Group concentrates on home heating oil and propane delivery, serving a different end-market than CAPL's motor fuel and convenience retail model.

Frequently Asked Questions

What does CrossAmerica Partners do?

CrossAmerica Partners LP wholesales motor fuels to dealers and agents, operates convenience retail sites, and owns or leases real estate used in fuel distribution. The partnership covers both the supply side — moving fuel to roughly 1,750 sites across 34 states — and the retail side through company-operated locations.

Does CAPL pay dividends?

Yes, CrossAmerica Partners pays a regular distribution to unitholders. As a master limited partnership, it is structured to pass through cash flows to investors. Prospective investors should review the current distribution rate and assess sustainability given the partnership's Weak Risk pillar rating.

When does CAPL report earnings?

CrossAmerica Partners follows a standard quarterly reporting schedule. For exact dates of upcoming earnings releases and distribution announcements, check the investor relations section of the company's official website.

Is CAPL a good stock to buy?

UQS Score rates CAPL as Below Average, driven by Weak ratings across the Moat, Growth, and Risk pillars. The Valuation pillar is rated Good, which may reflect the market's recognition of these challenges. Whether CAPL fits a portfolio depends on individual risk tolerance and income objectives — the full analysis is available to Pro members.

Is CAPL overvalued?

The UQS Valuation pillar for CAPL is rated Good, suggesting the units are not obviously expensive relative to the partnership's fundamentals. However, a favorable valuation label alone does not make a complete investment case — the Weak Growth and Risk pillars remain important considerations.

How does CAPL compare to its competitors?

Compared to peers like World Kinect, Clean Energy Fuels, and Star Group, CrossAmerica Partners is more narrowly focused on domestic wholesale fuel distribution and convenience retail. Competitors vary in geographic reach, fuel type, and end-market exposure. The UQS platform provides side-by-side pillar comparisons for registered users.

What is CAPL's market cap bracket?

CrossAmerica Partners is classified as a small-cap partnership. This places it below large integrated energy companies in terms of scale, which can mean less liquidity and greater sensitivity to sector-specific headwinds.

Who founded CrossAmerica Partners?

The partnership traces its roots to 1992 under earlier operating entities and was formally organized as a publicly traded MLP in 2012, originally under the name Lehigh Gas Partners LP. It rebranded to CrossAmerica Partners LP in October 2014. CrossAmerica GP LLC serves as its general partner.

Is CAPL a long-term quality investment?

From a long-term quality perspective, CAPL's UQS profile raises caution. Weak Moat and Growth ratings suggest limited structural advantages and constrained expansion potential over time. The Neutral Quality pillar indicates adequate but unremarkable operational fundamentals. Long-term investors should weigh distribution income against these structural limitations.

What is the main competitive advantage of CrossAmerica Partners?

CrossAmerica's scale in wholesale fuel distribution — covering thousands of sites across dozens of states — provides some operational breadth. However, the UQS Moat pillar is rated Weak, indicating the partnership lacks strong differentiation in a commoditized, price-sensitive industry where switching costs are low.

What sector does CAPL belong to?

CrossAmerica Partners operates in the Energy sector, specifically within fuel distribution and convenience retail. As a master limited partnership, it is also relevant to income-focused investors who track MLP-structured vehicles in the midstream and downstream energy space.

Unlock Full CAPL Analysis

Sign in to unlock the detailed analysis behind the UQS Score.

  • View exact UQS pillar scores across all five dimensions
  • Access underlying financial metrics driving each pillar
  • Compare CAPL side-by-side with fuel distribution peers
  • Track distribution sustainability indicators over time
  • Get the complete risk and valuation breakdown in one view
Analyze CAPL in Detail →

Pro Analysis

CAPL — Score History

2025303540Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 30 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 22, 202634.648.612.019.039.864.60.0
May 20, 202634.648.612.019.039.864.7-0.1
May 19, 202634.748.612.019.039.865.0+0.1
May 16, 202634.648.612.019.039.864.7-0.1
May 14, 202634.748.612.019.039.865.10.0
May 13, 202634.748.612.019.039.865.3+0.1
May 12, 202634.648.612.019.039.864.8-0.2
May 11, 202634.848.612.019.039.865.6+4.5
May 10, 202630.338.312.019.039.853.2+2.4
May 9, 202627.936.312.00.039.566.4-0.2

CAPL — Pillar Breakdown

Quality

48.6/100 (25%)

CrossAmerica Partners LP has average quality metrics, with room for improvement in margins or capital efficiency.

Capital Efficiency (ROIC)Moderate

How effectively capital is deployed to generate returns.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Net ProfitabilityWeak

Bottom-line profit as a share of revenue.

Gross Profit / AssetsStrong

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationStrong

Free cash flow relative to market value.

Growth

19.0/100 (20%)

CrossAmerica Partners LP faces growth headwinds with declining or stagnant revenue trends.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthStrong

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Forward EPS GrowthWeak

Analyst consensus for future earnings growth.

Risk

39.8/100 (15%)

CrossAmerica Partners LP has some risk factors including moderate leverage or solvency concerns.

Financial LeverageWeak

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

65.6/100 (15%)

CrossAmerica Partners LP trades at a reasonable valuation with decent earnings yield and FCF multiples.

Earnings YieldWeak

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

EV/EBITDA vs SectorStrong

Enterprise value multiple relative to sector median.

Moat

12/100 (25%)

CrossAmerica Partners LP operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CAPL.

Score Composition

Quality
48.6×25%12.2
Growth
19.0×20%3.8
Risk
39.8×15%6.0
Valuation
65.6×15%9.8
Moat
12.0×25%3.0
Total
34.8Below Average

Financial Data

More Stock Analysis

How is the CAPL UQS Score Calculated?

The UQS (Unified Quality Score) for CrossAmerica Partners LP is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses CrossAmerica Partners LP's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether CrossAmerica Partners LP is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.