Filing Flows › CrossAmerica Partners LP (CAPL) › Q1 2026
CrossAmerica Partners LP (CAPL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
CrossAmerica Partners LP (CAPL) reported revenue of $842M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -3% from the quarter before. Operating margin was 2.8%, net earnings $10.7M (1.3% of revenue).
CrossAmerica Partners LP, Q1 2026: revenue $842M (-2% year over year), operating margin 2.8%, net earnings $10.7M, operating cash flow $27.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $842M | -3% | -2% |
| Gross profit | $97.6M | -9% | +9% |
| Operating profit | $23.8M | -9% | 12× |
| Net earnings | $10.7M | +5% | — |
| Operating cash flow | $27.9M | -5% | +85% |
| Free cash flow | $24.5M | +9% | +396% |
What changed
Revenue was $841.8M in Q1 2026, down 2% year over year and down 3% from the previous quarter.
Gross margin was 11.6%, up 1.2 points from Q1 2025. Operating profit was $23.8M, a 2.8% margin (up 2.6 points year over year). Operating expenses fell 16% while revenue fell 2%. Net earnings were $10.7M. The effective tax rate was 19.0%.
Operating cash flow was $27.9M (up 85% year over year), 262% of net earnings. Non-cash charges added back $17.1M of depreciation and amortization and $201K of share-based compensation. Capital expenditures of $3.4M left free cash flow of $24.5M.
Questions
What was CrossAmerica Partners LP's revenue in the first quarter 2026?
CrossAmerica Partners LP (CAPL) reported revenue of $842M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -3% from the quarter before.
Was CrossAmerica Partners LP profitable in the first quarter 2026?
Operating profit was $23.8M (2.8% of revenue) and net earnings $10.7M.