CrossAmerica Partners' Lofty Distribution Looks Sustainable [Seeking Alpha]
CrossAmerica Partners LP Common Units representing limited partner interests (CAPL)
Last crossamerica partners lp common units representing limited partner interests earnings: 2/25 04:18 pm
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US:NYSE Investor Relations:
crossamericapartners.com/investors/investors-overview/page.aspx?id=1099
Company Research
Source: Seeking Alpha
With a FCF yield of 9.8% and earnings yield of 4.7%, CAPL's current distribution is sustainable. The management of CAPL, including founder Joe Topper, has a vested interest tightly aligned with unitholders, as evident through insider buying and elimination of IDRs. Superior total return is an unrealistic expectation; but, a reliable, robust distribution is a reasonable assumption. Whether from a dividend or distribution, when a 9% yielder surfaces from research, it requires more investigation. Further scrutiny into CrossAmerica Partners LP ( NYSE: CAPL ) resulted in the verdict this relatively unknown, small MLP is a candidate for income seeking investors. As a distributor of fuel to gas stations, demand for CAPL's service is relatively inelastic. Still, management is key to profitably distributing that fuel, given oil's inherent volatility. With CAPL, management's vested interest in success underlies this recommendation. The MLP currently yields 9.6%, having generated the same
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High impacting CrossAmerica Partners LP Common Units representing limited partner interests news events
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CAPL
News
- CrossAmerica Partners LP Maintains Quarterly DistributionGlobeNewswire
- CrossAmerica Partners to Announce First Quarter 2024 Earnings Results on May 8GlobeNewswire
- CrossAmerica Partners LP (NYSE: CAPL) was downgraded by analysts at TheStreet from a "b-" rating to a "c+" rating.MarketBeat
- CrossAmerica Partners Files 2023 Annual Report on Form 10-KGlobeNewswire
- CrossAmerica Partners LP Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]Yahoo! Finance
CAPL
Earnings
- 2/26/24 - Beat
CAPL
Analyst Actions
- 2/28/24 - TheStreet
CAPL
Sec Filings
- 4/22/24 - Form 8-K
- 3/12/24 - Form 4
- 3/12/24 - Form 4
- CAPL's page on the SEC website