CrossAmerica Partners Appoints New President and CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 02 2026
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Source: Newsfilter
- Leadership Transition: CrossAmerica Partners LP announces the appointment of Maura Topper as the new President and CEO, succeeding Charles Nifong, who has held the position since 2019, marking a significant leadership change aimed at driving future growth and development.
- Strategic Focus Shift: During Nifong's tenure, he successfully guided the company back into retail operations and completed several historic transactions, demonstrating effective leadership in asset optimization and strategic transformation, laying a solid foundation for the new CEO's tenure.
- Financial Leadership Experience: Maura Topper has served as CFO since 2021 and possesses extensive financial management experience, with the board unanimously believing she is the best candidate to lead the company into its next phase, indicating continued growth momentum.
- Interim CFO Appointment: Concurrently, Jonathan E. Benfield has been appointed as the Interim CFO of the General Partner, ensuring financial stability during the leadership transition, reflecting the company's commitment to ongoing operations.
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About CAPL
CrossAmerica Partners LP is a wholesale distributor of motor fuels, convenience store operator, and owner and lessee of real estate used in the retail distribution of motor fuels. The Company operates through two segments: Wholesale, and Retail. The Wholesale segment includes the wholesale distribution of motor fuel to lessee dealers and independent dealers. The Retail segment includes the retail sale of motor fuel at retail sites operated by commission agents and the sale of convenience merchandise items and the retail sale of motor fuel at Company-operated sites. The Company distributes motor fuel on a wholesale basis to approximately 1,600 sites located in 34 states. The Company owns or leases approximately 1,100 sites, of which it operates 365 as Company-operated sites. The Company distributes branded motor fuel under the Exxon, Mobil, BP, Shell, Valero, Marathon, and Phillips 66 brands to its customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CrossAmerica Appoints New President and CEO
- Executive Transition: CrossAmerica Partners announced that Maura Topper will become the President and CEO of the General Partner effective March 2, 2026, succeeding Charles Nifong, who has held the position since November 2019, indicating a significant leadership shift within the company.
- Financial Leadership Experience: Topper has served as CFO of CrossAmerica GP since August 2021 and previously held the role of Vice President and CFO at Dunne Manning, bringing a wealth of financial expertise that will aid the company's strategic development moving forward.
- Interim CFO Appointment: Jonathan Benfield has been appointed as the interim Chief Financial Officer of the General Partner, succeeding Nifong, ensuring financial stability and operational continuity during this transition period.
- Strategic Direction: This executive change may signal CrossAmerica Partners' intention to strengthen asset sales to optimize its balance sheet and retail exposure, reflecting the company's keen responsiveness to market dynamics.
See More
CrossAmerica Partners Appoints New President and CEO
- Leadership Transition: CrossAmerica Partners LP announces the appointment of Maura Topper as the new President and CEO, succeeding Charles Nifong, who has held the position since 2019, marking a significant leadership change aimed at driving future growth and development.
- Strategic Focus Shift: During Nifong's tenure, he successfully guided the company back into retail operations and completed several historic transactions, demonstrating effective leadership in asset optimization and strategic transformation, laying a solid foundation for the new CEO's tenure.
- Financial Leadership Experience: Maura Topper has served as CFO since 2021 and possesses extensive financial management experience, with the board unanimously believing she is the best candidate to lead the company into its next phase, indicating continued growth momentum.
- Interim CFO Appointment: Concurrently, Jonathan E. Benfield has been appointed as the Interim CFO of the General Partner, ensuring financial stability during the leadership transition, reflecting the company's commitment to ongoing operations.
See More
CrossAmerica Partners Reports Strong Q4 2025 Earnings with Increased Margins
- Retail Profit Growth: CrossAmerica Partners reported a retail segment gross profit of $82.9 million in Q4 2025, reflecting a 10% year-over-year increase driven by improved retail fuel margins, indicating enhanced competitiveness in the market.
- Record Asset Sales: The company achieved over $100 million in asset sale proceeds in 2025, marking a historic high, and plans to continue utilizing these funds for business investments and strengthening financial flexibility to support future growth.
- Significant Cash Flow Improvement: Distributable cash flow rose 35% to $28.5 million in Q4, with operating expenses declining for the fifth consecutive quarter, demonstrating the company's ongoing commitment to cost control and operational efficiency.
- Future Outlook: Management anticipates continuing asset divestitures and class of trade conversions in 2026, albeit at a reduced pace compared to 2025, aiming to enhance long-term financial health through optimized asset value.
See More
CrossAmerica Partners Q4 Earnings Beat Expectations
- Earnings Beat: CrossAmerica Partners reported a Q4 GAAP EPS of $0.25, exceeding expectations by $0.20, reflecting strong profitability that boosts investor confidence.
- Revenue Surprises: The company achieved Q4 revenue of $866.29 million, down 8.3% year-over-year, yet it surpassed market expectations by $118.28 million, indicating robust competitive positioning despite headwinds.
- Financial Stability: Despite the year-over-year revenue decline, CrossAmerica Partners demonstrates solid financial health, continuing to attract investor interest and potentially laying the groundwork for future growth.
- Positive Market Reaction: The market reacted positively to the earnings report, which could drive an increase in CrossAmerica Partners' stock price, further enhancing the company's standing within the industry.
See More
CrossAmerica Partners (CAPL) Declares $0.525 Quarterly Dividend with 9.44% Yield
- Dividend Declaration: CrossAmerica Partners has declared a quarterly dividend of $0.525 per share, consistent with previous distributions, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Yield Performance: The forward yield of 9.44% not only attracts income-seeking investors but also reflects the company's competitiveness in the current market environment, enhancing its appeal.
- Payment Schedule: The dividend is payable on February 12, with a record date of February 2 and an ex-dividend date also on February 2, ensuring shareholders receive timely returns and bolstering investor confidence.
- Asset Optimization Strategy: CrossAmerica Partners continues to signal asset sales and retail optimization, having completed $100 million in divestitures year-to-date, aimed at enhancing financial flexibility and supporting future growth.
See More
CrossAmerica Partners LP Announces $0.5250 Quarterly Distribution for Q4 2025
- Quarterly Distribution Confirmation: CrossAmerica Partners LP announced a quarterly distribution of $0.5250 per unit for Q4 2025, with an annualized distribution of $2.10, reflecting the company's stable cash flow and profitability.
- Payment Schedule: The distribution will be payable on February 12, 2026, to all unitholders of record on February 2, 2026, ensuring timely returns for investors and enhancing investor confidence.
- Earnings Release Preview: The company will host a conference call on February 26, 2026, to discuss Q4 and full-year 2025 earnings, which is expected to further increase market interest in the company's future performance.
- Market Position Consolidation: CrossAmerica Partners is one of the leading wholesale distributors of motor fuels in the U.S., covering 34 states with approximately 1,600 sales locations, demonstrating its strong competitive position and market share in the industry.
See More
CrossAmerica Appoints New President and CEO
- Executive Transition: CrossAmerica Partners announced that Maura Topper will become the President and CEO of the General Partner effective March 2, 2026, succeeding Charles Nifong, who has held the position since November 2019, indicating a significant leadership shift within the company.
- Financial Leadership Experience: Topper has served as CFO of CrossAmerica GP since August 2021 and previously held the role of Vice President and CFO at Dunne Manning, bringing a wealth of financial expertise that will aid the company's strategic development moving forward.
- Interim CFO Appointment: Jonathan Benfield has been appointed as the interim Chief Financial Officer of the General Partner, succeeding Nifong, ensuring financial stability and operational continuity during this transition period.
- Strategic Direction: This executive change may signal CrossAmerica Partners' intention to strengthen asset sales to optimize its balance sheet and retail exposure, reflecting the company's keen responsiveness to market dynamics.
See More
CrossAmerica Partners Appoints New President and CEO
- Leadership Transition: CrossAmerica Partners LP announces the appointment of Maura Topper as the new President and CEO, succeeding Charles Nifong, who has held the position since 2019, marking a significant leadership change aimed at driving future growth and development.
- Strategic Focus Shift: During Nifong's tenure, he successfully guided the company back into retail operations and completed several historic transactions, demonstrating effective leadership in asset optimization and strategic transformation, laying a solid foundation for the new CEO's tenure.
- Financial Leadership Experience: Maura Topper has served as CFO since 2021 and possesses extensive financial management experience, with the board unanimously believing she is the best candidate to lead the company into its next phase, indicating continued growth momentum.
- Interim CFO Appointment: Concurrently, Jonathan E. Benfield has been appointed as the Interim CFO of the General Partner, ensuring financial stability during the leadership transition, reflecting the company's commitment to ongoing operations.
See More
CrossAmerica Partners Reports Strong Q4 2025 Earnings with Increased Margins
- Retail Profit Growth: CrossAmerica Partners reported a retail segment gross profit of $82.9 million in Q4 2025, reflecting a 10% year-over-year increase driven by improved retail fuel margins, indicating enhanced competitiveness in the market.
- Record Asset Sales: The company achieved over $100 million in asset sale proceeds in 2025, marking a historic high, and plans to continue utilizing these funds for business investments and strengthening financial flexibility to support future growth.
- Significant Cash Flow Improvement: Distributable cash flow rose 35% to $28.5 million in Q4, with operating expenses declining for the fifth consecutive quarter, demonstrating the company's ongoing commitment to cost control and operational efficiency.
- Future Outlook: Management anticipates continuing asset divestitures and class of trade conversions in 2026, albeit at a reduced pace compared to 2025, aiming to enhance long-term financial health through optimized asset value.
See More
CrossAmerica Partners Q4 Earnings Beat Expectations
- Earnings Beat: CrossAmerica Partners reported a Q4 GAAP EPS of $0.25, exceeding expectations by $0.20, reflecting strong profitability that boosts investor confidence.
- Revenue Surprises: The company achieved Q4 revenue of $866.29 million, down 8.3% year-over-year, yet it surpassed market expectations by $118.28 million, indicating robust competitive positioning despite headwinds.
- Financial Stability: Despite the year-over-year revenue decline, CrossAmerica Partners demonstrates solid financial health, continuing to attract investor interest and potentially laying the groundwork for future growth.
- Positive Market Reaction: The market reacted positively to the earnings report, which could drive an increase in CrossAmerica Partners' stock price, further enhancing the company's standing within the industry.
See More
CrossAmerica Partners (CAPL) Declares $0.525 Quarterly Dividend with 9.44% Yield
- Dividend Declaration: CrossAmerica Partners has declared a quarterly dividend of $0.525 per share, consistent with previous distributions, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Yield Performance: The forward yield of 9.44% not only attracts income-seeking investors but also reflects the company's competitiveness in the current market environment, enhancing its appeal.
- Payment Schedule: The dividend is payable on February 12, with a record date of February 2 and an ex-dividend date also on February 2, ensuring shareholders receive timely returns and bolstering investor confidence.
- Asset Optimization Strategy: CrossAmerica Partners continues to signal asset sales and retail optimization, having completed $100 million in divestitures year-to-date, aimed at enhancing financial flexibility and supporting future growth.
See More
CrossAmerica Partners LP Announces $0.5250 Quarterly Distribution for Q4 2025
- Quarterly Distribution Confirmation: CrossAmerica Partners LP announced a quarterly distribution of $0.5250 per unit for Q4 2025, with an annualized distribution of $2.10, reflecting the company's stable cash flow and profitability.
- Payment Schedule: The distribution will be payable on February 12, 2026, to all unitholders of record on February 2, 2026, ensuring timely returns for investors and enhancing investor confidence.
- Earnings Release Preview: The company will host a conference call on February 26, 2026, to discuss Q4 and full-year 2025 earnings, which is expected to further increase market interest in the company's future performance.
- Market Position Consolidation: CrossAmerica Partners is one of the leading wholesale distributors of motor fuels in the U.S., covering 34 states with approximately 1,600 sales locations, demonstrating its strong competitive position and market share in the industry.
See More
