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Stock impact report

CrossAmerica Partners LP Reports Third Quarter 2018 Results

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 Check Earnings Report
Company Research Source: GlobeNewswire
Allentown, PA, Nov. 06, 2018 (GLOBE NEWSWIRE) -- CrossAmerica Partners LP Reports Third Quarter 2018 Results Reported Third Quarter 2018 Operating Income of $13.7 million and Net Income of $5.3 million, primarily driven by the performance of the Wholesale segment.Generated Third Quarter 2018 Adjusted EBITDA of $28.6 million and Distributable Cash Flow of $20.0 million, respectively.Distribution Coverage for the Third Quarter 2018 was 1.10 times compared to 1.02 times for the Third Quarter 2017.Reported Third Quarter 2018 Gross Profit for the Wholesale segment of $33.8 million or an 8% increase when compared to the Third Quarter 2017.Generated Third Quarter 2018 Gross Profit for the Retail segment of $10.1 million or a 2% decline when compared to the Third Quarter 2017.The Board of Directors of CrossAmerica’s General Partner declared a quarterly distribution of $0.5250 per limited partner unit attributable to the Third Quarter 2018.               Allentown, PA November 6, 2018 – Show less Read more
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