CAPL

Top Energy Stocks to Consider: Several energy stocks under $30, including CrossAmerica Partners, Crescent Energy Company, and Plains All American Pipeline, are highlighted for their strong dividend yields and potential for growth as crude oil prices are expected to rise in the summer months.

Market Trends and Predictions: The article emphasizes the favorable operating environment for these companies due to rising earnings estimates and seasonal demand, suggesting that investors may benefit from purchasing these stocks now.

Archrock Acquisition: Archrock, Inc. has agreed to acquire Natural Gas Compression Systems for $357 million in cash and stock, enhancing its natural gas compression services and expanding its presence in the Permian Basin.

Financial Impact: The acquisition is expected to increase Archrock's compression capacity and be immediately accretive to earnings per share and dividend cash flow by the end of 2025, with financing through its credit facility and new shares issuance.

Company Overview: Marathon Petroleum Corporation, valued at approximately $43 billion, is a large-cap integrated energy company based in Ohio, specializing in refining, marketing, and renewable diesel. Despite recent stock declines, it reported positive earnings exceeding expectations and plans significant capital returns to investors.

Market Performance: Over the past year, MPC's stock has underperformed compared to industry peers, with a 23.1% decline, while analysts maintain a "Moderate Buy" consensus rating, indicating optimism about its future prospects despite trading below the average price target.

Leadership Changes at Eos Energy: Eos Energy Enterprises has appointed Nathan Kroeker as Chief Commercial Officer and Eric Javidi as Chief Financial Officer, aiming to enhance growth and market position in the long duration energy storage sector.

Strategic Focus on Growth: The leadership transition is intended to strengthen customer relationships, drive project financing, and expand Eos' presence both domestically and internationally in the rapidly evolving energy storage market.

Top Stock Picks: Two stocks recommended for investors are CrossAmerica Partners LP (CAPL) with a 9% dividend yield and a 72.7% increase in earnings estimates, and China Yuchai International Limited (CYD) with nearly a 2% dividend yield and a 19.1% increase in earnings estimates.

Investment Opportunity: Zacks Investment Research highlights the potential of their top 10 stock picks for 2025, which have significantly outperformed the S&P 500 since 2012, offering investors a chance to capitalize on high-growth opportunities.

Annual Report Filing: CrossAmerica Partners LP has filed its 2024 Annual Report on Form 10-K with the SEC, which includes audited financial statements for the fiscal year ending December 31, 2024. The report is accessible on the Partnership's website and the SEC's website.

Company Overview: CrossAmerica Partners is a major distributor of motor fuels and convenience store operator in the U.S., serving approximately 1,600 locations across 34 states and maintaining partnerships with several leading oil brands.

Major Earnings Reports: Key companies reporting earnings after the market close on Wednesday include NVIDIA, Salesforce, Snowflake, and Teladoc Health.

Additional Earnings Releases: A wide range of other companies are also set to release their earnings reports, covering various sectors and industries.

Industry Challenges: The Oil and Gas - Refining & Marketing MLP industry is facing a decline in gasoline demand, rising interest rates, and increased debt costs, which threaten long-term growth and profitability for many companies in the sector.

Resilient Companies: Despite these challenges, firms like Targa Resources, Global Partners LP, and CrossAmerica Partners LP are well-positioned due to their stable revenue models, diversified operations, and long-term contracts, allowing them to maintain steady income amidst market volatility.

Dividend Declaration: CrossAmerica Partners (CAPL) has declared a quarterly dividend of $0.525 per share, maintaining the same amount as previous quarters, with a forward yield of 9.6%.

Payment Details: The dividend is payable on February 13 to shareholders of record as of February 3, with an ex-dividend date also set for February 3.

Earnings Announcement: CrossAmerica Partners LP will release its fourth quarter and full year 2024 earnings results on February 26, 2025, followed by a conference call on February 27 at 9:00 a.m. Eastern Time.

Company Overview: CrossAmerica Partners is a major distributor of motor fuels in the U.S., operating approximately 1,600 locations and ranking among the largest distributors for several major oil brands.

Earnings Call Overview: CrossAmerica Partners LP held its Q3 2024 earnings call on November 7, 2024, featuring CFO Maura Topper and CEO Charles Nifong discussing operational performance and financial results.

Forward-Looking Statements: The call included forward-looking statements about expected revenue and future plans, with a disclaimer regarding the uncertainty of achieving management's projections.

Earnings Performance: CrossAmerica Partners reported a Q3 GAAP EPS of $0.27, exceeding expectations by $0.02.

Revenue Decline: The company's revenue was $1.08 billion, reflecting a 10.7% year-over-year decrease and falling short by $200 million.

Top Stock Recommendations: Three stocks with strong income characteristics and buy rankings are highlighted: CrossAmerica Partners LP (CAPL) with a 10.2% dividend yield, SK Telecom Co., Ltd. (SKM) with a 4.4% yield, and Canon Inc. (CAJPY) with a 2.5% yield, all showing significant earnings estimate increases.

Infrastructure Investment Opportunity: A major bipartisan initiative to rebuild U.S. infrastructure is expected to generate substantial investment opportunities, prompting Zacks to release a report on five companies poised for growth in this sector.

Industry Overview: Master limited partnerships (MLPs) in the oil and gas sector combine the tax benefits of limited partnerships with the liquidity of publicly traded securities, focusing on stable income from assets like pipelines and storage facilities. The Zacks Oil and Gas - Refining & Marketing MLP industry has faced challenges such as refining margin pressures and supply chain disruptions but remains a safer investment option amid market volatility.

Current Performance and Outlook: Despite a bearish near-term outlook indicated by a Zacks Industry Rank of #162, the MLP industry has outperformed the broader energy sector and S&P 500 over the past year, gaining 47.5%. Key stocks to watch include CrossAmerica Partners, Targa Resources, and Sunoco LP, which have shown promising growth and returns.

Dril-Quip Merger Resistance: Dril-Quip, Inc. faces significant opposition to its merger with Innovex Downhole Solutions, particularly from GAMCO, which holds 8.32% of shares and plans to vote against it, while Institutional Shareholder Services has issued mixed recommendations regarding the merger's terms.

Concerns Over Governance and Compensation: The proposed merger raises governance issues as Innovex and Amberjack Partners would gain majority control without offering a premium to Dril-Quip shareholders, alongside substantial compensation packages for Dril-Quip executives, adding to shareholder concerns ahead of the vote.

Earnings Announcement: CrossAmerica Partners LP will release its second quarter 2024 earnings results on August 7, 2024, followed by a conference call on August 8 at 9:00 a.m. Eastern Time.

Company Overview: CrossAmerica Partners is a major distributor of motor fuels and convenience store operator in the U.S., serving approximately 1,700 locations across 34 states and partnering with several leading oil brands.

CrossAmerica Partners Q1 2024 Earnings Report: CrossAmerica Partners reported earnings per share of -48 cents, missing the analyst estimate of 8 cents.

Revenue Performance: The company's revenue for the first quarter of 2024 was $941.55 million, which was 18.83% lower than the analyst estimate of $1.16 billion.

InvestorPlace Earnings Project: InvestorPlace Earnings uses TradeSmith data to automate coverage of quarterly earnings reports, providing key takeaways like EPS and revenue comparisons with analyst estimates.

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Additional Information: The post also includes other investment-related content such as AI investments, Musk's "Project Omega," and financial advice regardless of the amount available to invest.

CrossAmerica Partners LP Partnership Units Q1 Earnings:

• CrossAmerica Partners LP Partnership Units will report Q1 earnings on May 8, with analysts expecting losses per share of $0.010.
• Analysts predict a decrease in losses per share compared to the same quarter last year.

Financial Performance:

• Wall Street expects the company to report $1.17 billion in revenue for Q1, showing a 15.04% increase from the prior year.
• Analysts forecast a lower earnings per share for the current fiscal year compared to the previous year.

Market Insights:

• The information in the article was generated by Markets Insider's RoboEddy based on data provided by partners.

• The Board of Directors approved a quarterly distribution of $0.5250 per unit for the first quarter of 2024.
• The distribution is payable on May 10, 2024, to all unitholders of record on May 3, 2024.

• A conference call will be held on May 9th at 9:00 a.m. Eastern Time to discuss first quarter 2024 earnings results.
• Earnings results will be released after the market closes on May 8.

• It is a wholesale distributor of motor fuels, convenience store operator, and owner of real estate used in fuel distribution.
• Formed in 2012, it distributes fuel to approximately 1,700 locations across 34 states in the U.S.

• Statements about future expectations are forward-looking; actual results may differ.
• Factors affecting results can be found in CrossAmerica's filings with the Securities and Exchange Commission.

• Distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
• Brokers and nominees should treat distributions as income connected with a U.S. trade or business.