Filing Flows › CrossAmerica Partners LP (CAPL) › Q1 2025
CrossAmerica Partners LP (CAPL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
CrossAmerica Partners LP (CAPL) reported revenue of $862M for the first quarter 2025 (Q1 2025), -8% from a year earlier and -9% from the quarter before. Operating margin was 0.2%, net loss $7.1M (0.8% of revenue).
CrossAmerica Partners LP, Q1 2025: revenue $862M (-8% year over year), operating margin 0.2%, net loss $7.1M, operating cash flow $15.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $862M | -9% | -8% |
| Operating profit | $2.0M | — | — |
| Net earnings | −$7.1M | — | — |
| Operating cash flow | $15.0M | +35% | +159% |
| Free cash flow | $4.9M | +26% | — |
What changed
Revenue was $862.5M in Q1 2025, down 8% year over year and down 9% from the previous quarter.
Gross margin was 10.4%, up 1.8 points from a year earlier. Operating profit was $2.0M, a 0.2% margin (up 1.6 points year over year). Operating expenses fell 7% while revenue fell 8%. The fastest-growing cost line was SG&A (+12%). The quarter ended with a net loss of $7.1M, after a profit of $16.9M the previous quarter. Net interest and other expense of $12.7M was the main reason.
Operating cash flow was $15.0M (up 159% year over year). Non-cash charges added back $26.3M of depreciation and amortization and $813K of share-based compensation. Working capital and other items used $5.0M. Capital expenditures of $10.1M left free cash flow of $4.9M.
Questions
What was CrossAmerica Partners LP's revenue in the first quarter 2025?
CrossAmerica Partners LP (CAPL) reported revenue of $862M for the first quarter 2025 (Q1 2025), -8% from a year earlier and -9% from the quarter before.
Was CrossAmerica Partners LP profitable in the first quarter 2025?
Operating profit was $2.0M (0.2% of revenue) and net loss $7.1M.