Filing Flows › CrossAmerica Partners LP (CAPL) › Q2 2025
CrossAmerica Partners LP (CAPL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
CrossAmerica Partners LP (CAPL) reported revenue of $962M for the second quarter 2025 (Q2 2025), -15% from a year earlier and +12% from the quarter before. Operating margin was 4.3%, net earnings $25.2M (2.6% of revenue).
CrossAmerica Partners LP, Q2 2025: revenue $962M (-15% year over year), operating margin 4.3%, net earnings $25.2M, operating cash flow $22.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $962M | +12% | -15% |
| Gross profit | $101M | +12% | -4% |
| Operating profit | $41.5M | 21× | +47% |
| Net earnings | $25.2M | — | +103% |
| Operating cash flow | $22.6M | +51% | -22% |
| Free cash flow | $10.8M | +119% | -54% |
What changed
Revenue was $961.9M in Q2 2025, down 15% year over year and up 12% from the previous quarter.
Gross margin was 10.5%, up 1.3 points from a year earlier. Operating profit was $41.5M, a 4.3% margin (up 1.8 points year over year). Operating expenses fell 22% while revenue fell 15%. Net earnings were $25.2M, up 103% year over year. The effective tax rate was 13.4%.
Operating cash flow was $22.6M (down 22% year over year), 90% of net earnings. Non-cash charges added back $23.3M of depreciation and amortization and $176K of share-based compensation. Working capital and other items used $26.0M. Capital expenditures of $11.8M left free cash flow of $10.8M.
Questions
What was CrossAmerica Partners LP's revenue in the second quarter 2025?
CrossAmerica Partners LP (CAPL) reported revenue of $962M for the second quarter 2025 (Q2 2025), -15% from a year earlier and +12% from the quarter before.
Was CrossAmerica Partners LP profitable in the second quarter 2025?
Operating profit was $41.5M (4.3% of revenue) and net earnings $25.2M.