CrossAmerica Partners maintains $0.5250 quarterly distribution
CrossAmerica Partners LP (NYSE: CAPL) has approved a quarterly distribution of $0.5250 per unit for the third quarter of 2026. The Board of Directors of the company's general partner authorized the payout, which…
CrossAmerica Partners LP (NYSE: CAPL) has approved a quarterly distribution of $0.5250 per unit for the third quarter of 2026. The Board of Directors of the company's general partner authorized the payout, which annualizes to $2.10 per unit. The distribution is payable on November 12, 2026, to unitholders of record as of November 2, 2026.
The company will release its third-quarter 2026 earnings results after the market closes on Wednesday, November 4. CrossAmerica will host a conference call to discuss the financial results on November 5 at 9:00 a.m. Eastern Time.
CrossAmerica Partners operates as a wholesale distributor of motor fuels, a convenience store operator, and an owner and lessor of real estate used in retail fuel distribution. The partnership distributes branded and unbranded petroleum to approximately 1,500 locations across 34 states and owns or leases approximately 900 sites. Joseph V. Topper, Jr., who founded the company, has served on the general partner's board since 2012 and controls CrossAmerica GP LLC through affiliated entities.
The company maintains relationships with major oil brands including ExxonMobil, BP, Shell, Marathon, Valero, and Phillips 66. CrossAmerica ranks as one of ExxonMobil's largest distributors by fuel volume in the United States and holds a top-10 position for additional brands. The partnership was formed in 2012.