CrossAmerica Partners LP Common Units representing limited partner interests (CAPL)
23.20
+0.02 (0.09%)
CrossAmerica Partners LP is a publicly traded partnership that operates in the retail and wholesale distribution of fuel products
The company primarily engages in the acquisition, operation, and development of convenience stores and gas stations, providing fuel to retail, commercial, and industrial customers. Additionally, CrossAmerica Partners partners with various brands to enhance its service offerings and aims to create value through strategic growth initiatives, such as expanding its portfolio of locations and enhancing operational efficiency. Through its comprehensive supply chain and distribution network, the company serves a diverse range of markets, catering to the evolving needs of consumers and businesses alike.
The Boulder Group, a net leased investment brokerage firm, completed the sale of a CrossAmerica Partners convenience store and gas station located at 1698 Main Street in Chipley, Florida for $3,450,000.
CAPL stock results show that CrossAmerica Partners missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.
The S&P 500 Energy Index was recently more than 11% higher than where it began the year. The midstream-focused Alerian MLP Index is on a similar trajectory, up 12.3% year-to-date. Given this backdrop, I like the look of CrossAmerica Partners LP here.
Companies Reporting Before The Bell • Kosmos Energy (NYSEKOS) is projected to report quarterly earnings at $0.23 per share on revenue of $477.73 million.
Today, February 09, 2024, marks an important moment for investors of CrossAmerica Partners (NYSECAPL). The company will distribute a dividend payout of $0.53 per share, demonstrating an annualized dividend yield of 9.11%.
The price of crude oil has cratered over the last two months, falling from a high of $95 to $69. While this move has shifted many speculators to the bearish side, I think they are late, and risk-reward favors the long side here.
