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CrossAmerica Partners LP cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$17.3M in Q3 2026 · $89.9M over twelve months

Operating cash flow$24.5M
Capital spending−$7.2M
Free cash flow+$17.3M
Cash / net income2.8×
Cash conversion cycle1 days

Analysis

In Q3 2026, CrossAmerica Partners LP generated $24.5M of operating cash flow and spent $7.2M on capital projects, leaving free cash flow of $17.3M. That is $383K less than in Q3 2025 ($17.7M).

Over the twelve months to Sep 30, 2026, operating cash flow was $115M; the largest uses were dividends ($80.1M), net borrowing (+) / repaid (−) ($34.7M), capital spending ($25.1M); besides operations, cash came from asset & business sales ($36.0M); the cash balance rose by $2.1M.

Operating cash flow was $24.5M against net income of $8.8M — 2.8× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$16.8M, inventory +$7.7M, payables −$3.1M.

Its cash conversion cycle was 1 days (receivables 3 + inventory 6 − payables 7).

Free cash flow

CrossAmerica Partners LP: free cash flow by quarterCrossAmerica Partners LP: free cash flow by quarter$3.9MQ4 2024$4.9MQ1 2025$10.8MQ2 2025$17.7MQ3 2025$22.4MQ4 2025$24.5MQ1 2026$25.8MQ2 2026$17.3MQ3 2026
Operating cash flow less capital spending.
CrossAmerica Partners LP: operating cash flow against capital spendingCrossAmerica Partners LP: operating cash flow against capital spendingOperating cash flowCapital spending$11.1M$7.2MQ4 2024$15.0M$10.1MQ1 2025$22.6M$11.8MQ2 2025$24.4M$6.7MQ3 2025$29.4M$7.1MQ4 2025$27.9M$3.4MQ1 2026$33.2M$7.4MQ2 2026$24.5M$7.2MQ3 2026
Latest (Q3 2026): Operating cash flow $24.5M, Capital spending $7.2M.

Capital allocation, year by year

CrossAmerica Partners LP: where the cash came from (up) and went (down), by fiscal yearCrossAmerica Partners LP: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsDividendsFY2021: Operating cash flow $95.5MFY2021: Net borrowing $115MFY2021: Asset sales $15.4MFY2021: Capital spending −$41.9MFY2021: Acquisitions −$273MFY2021: Dividends −$79.6M$226MFY2021FY2022: Operating cash flow $161MFY2022: Net borrowing −$51.8MFY2022: Shares issued $24.4MFY2022: Asset sales $13.3MFY2022: Capital spending −$30.4MFY2022: Acquisitions −$29.6MFY2022: Dividends −$79.6M$199MFY2022FY2023: Operating cash flow $117MFY2023: Net borrowing −$12.0MFY2023: Asset sales $6.2MFY2023: Capital spending −$34.6MFY2023: Dividends −$79.7M$123MFY2023FY2024: Operating cash flow $87.8MFY2024: Net borrowing $8.4MFY2024: Asset sales $35.4MFY2024: Capital spending −$26.3MFY2024: Dividends −$79.9M$132MFY2024FY2025: Operating cash flow $91.5MFY2025: Net borrowing −$78.5MFY2025: Asset sales $104MFY2025: Capital spending −$35.7MFY2025: Dividends −$80.0M$196MFY2025
Over these 5 years operating cash flow totalled $553M; the largest uses were dividends ($399M) and acquisitions ($303M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$7.8M
Debt$723M
Net debt$715M
Due within a year$9.7M

CrossAmerica Partners LP funds itself: free cash flow was $89.9M over the last twelve months, and $7.8M of cash and investments stands against $723M of debt ($9.7M due within a year, 0.8× covered by cash).

Where the cash came from and went

CrossAmerica Partners LP: sources (+) and uses (−) of cash, Q3 2026CrossAmerica Partners LP: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$24.5MDividends−$20.0MAsset & business sales$10.5MCapital spending−$7.2MOther financing−$6.9MCash drawn (+) / kept (−)−$2.9MNet borrowing (+) / repaid (−)$2.0MOther investing$19K
CrossAmerica Partners LP: sources (+) and uses (−) of cash, TTM to Q3 2026CrossAmerica Partners LP: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$115MDividends−$80.1MAsset & business sales$36.0MNet borrowing (+) / repaid (−)−$34.7MCapital spending−$25.1MOther financing−$7.4MCash drawn (+) / kept (−)−$2.1MOther investing−$1.6M

From profit to cash

CrossAmerica Partners LP: net income to operating cash flow, Q3 2026CrossAmerica Partners LP: net income to operating cash flow, Q3 2026Net income$8.8MDepreciation & amortization$16.8MStock-based pay$314KDeferred taxes$2.1MGains on disposals−$2.4MReceivables−$1.9MInventory$7.7MPayables−$3.1MAccrued liabilities−$1.1MPrepaid and other assets$394KOther liabilities$824KIncome taxes payable−$1.4MOperating cash flow$24.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20263671
Q2 20263571
Q1 20263892
Q4 20253782
Q3 20253682
Q2 20253681
Q1 20253792
Q4 20243781

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$24.5M−$7.2M—−$20.0M$2.0M−$2.9M$17.3M
Q2 2026$33.2M−$7.4M—−$20.0M−$11.2M$2.4M$25.8M
Q1 2026$27.9M−$3.4M−$1.8M−$20.0M−$11.4M−$4.2M$24.5M
Q4 2025$29.4M−$7.1M—−$20.0M−$14.0M$2.6M$22.4M
Q3 2025$24.4M−$6.7M—−$20.0M−$22.3M$4.0M$17.7M
Q2 2025$22.6M−$11.8M—−$20.0M−$51.8M−$3.0M$10.8M
Q1 2025$15.0M−$10.1M—−$20.0M$9.7M−$3.4M$4.9M
Q4 2024$11.1M−$7.2M—−$20.0M−$5.7M$4.4M$3.9M

CrossAmerica Partners LP: income statement and cash flow

CrossAmerica Partners LP, Q3 2026: revenue $1.2B (+23% year over year), operating margin 2.0%. The chart follows the revenue to costs, profit and cash.

CrossAmerica Partners LP: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.