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CrossAmerica Partners LP (CAPL) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · CrossAmerica Partners LP (CAPL) Q3 2026 earnings results →
Q3 2026 Revenue up 23% year over year to $1.2B · 1¢ of every $1 of revenue kept as net profit · operating margin 2.0%
CrossAmerica Partners LP made $1.2B in Q3 2026 (+23% Y/Y). Operating margin 2.0%, net earnings $8.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.2B in Q3 2026, up 23% year over year and up 1% from the previous quarter.
Gross margin was 8.5%, down 2.3 points from Q3 2025. Operating profit was $0.02B, a 2.0% margin (down 0.9 points year over year). Operating profit fell $4.4M even though revenue rose $0.22B versus Q3 2025, so costs grew faster than sales. Operating expenses grew 1% against revenue growth of 23%. Net earnings were $0.01B, down 35% year over year. The effective tax rate was 25.5%.
Operating cash flow was $0.02B (roughly flat year over year), 279% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $314K of share-based compensation. Working capital and other items used $1.5M. Capital expenditures of $0.01B left free cash flow of $0.02B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $1.2B | +23% | 2.0% | $8.8M | $24.5M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $1.2B | +23% | 3.0% | $20.8M | $33.2M |
| Q1 2026 | 10-Q | May 6, 2026 | $842M | -2% | 2.8% | $10.7M | $27.9M |
| Q4 2025 | 10-K | Feb 25, 2026 | $866M | -8% | 3.0% | $10.2M | $29.4M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $972M | -10% | 2.9% | $13.6M | $24.4M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $962M | -15% | 4.3% | $25.2M | $22.6M |
| Q1 2025 | 10-Q | May 8, 2025 | $862M | -8% | 0.2% | −$7.1M | $15.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About CrossAmerica Partners LP
We were formed as a Delaware limited partnership in 2011 engaged in the wholesale distribution of motor fuel and the ownership and leasing of real estate used in the retail distribution of motor fuel. We also generate revenues from the operation of company operated retail sites. The Topper Group controls the sole member of our General Partner and has the ability to appoint all of the members of the Board and to control and manage the operations and activities of the Partnership. As of February 20, 2026, the Topper Group also has beneficial ownership of a 38.5% limited partner interest in the Partnership.
In its own words, from its 10-K, filed Feb 25, 2026.
CrossAmerica Partners LP against its Wholesale-Petroleum & Petroleum Products (No Bulk Stations) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +23% against the peers' median +27%. Operating margin: 2.0% against the peers' median 1.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CAPL CrossAmerica Partners LP | Q3 2026 | $1.2B | +23% | 2.0% |
| WKC World Kinect | Q3 2026 | $13.3B | +41% | 0.6% |
| APC Arko Petroleum | Q3 2026 | $1.9B | +27% | 1.3% |
Source: CrossAmerica Partners LP 10-Q on SEC EDGAR · CIK 1538849 · Wholesale-Petroleum & Petroleum Products (No Bulk Stations)
Guidance and outlook
13F: who owns CAPL and who is buying
More on CAPL
- How CrossAmerica Partners LP makes money: revenue by segment
- CrossAmerica Partners LP next earnings date and what analysts expect
- CrossAmerica Partners LP stock forecast, price target and fair value
- Who owns CrossAmerica Partners LP stock: holders, funds and Congress trades
- CrossAmerica Partners LP guidance and outlook
- Is CrossAmerica Partners LP a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results