Filing Flows › CrossAmerica Partners LP (CAPL) › Q3 2026
CrossAmerica Partners LP (CAPL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
CrossAmerica Partners LP (CAPL) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), +23% from a year earlier and +1% from the quarter before. Operating margin was 2.0%, net earnings $8.8M (0.7% of revenue).
CrossAmerica Partners LP, Q3 2026: revenue $1.2B (+23% year over year), operating margin 2.0%, net earnings $8.8M, operating cash flow $24.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +1% | +23% |
| Gross profit | $101M | -10% | -3% |
| Operating profit | $23.7M | -33% | -16% |
| Net earnings | $8.8M | -58% | -35% |
| Operating cash flow | $24.5M | -26% | +0.4% |
| Free cash flow | $17.3M | -33% | -2% |
What changed
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.
Questions
What was CrossAmerica Partners LP's revenue in the third quarter 2026?
CrossAmerica Partners LP (CAPL) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), +23% from a year earlier and +1% from the quarter before.
Was CrossAmerica Partners LP profitable in the third quarter 2026?
Operating profit was $23.7M (2.0% of revenue) and net earnings $8.8M.