CAPL Earnings Prediction
The chart below shows how CAPL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CAPL sees a +2.41% change in stock price 10 days leading up to the earnings, and a -0.13% change 10 days following the report. On the earnings day itself, the stock moves by -0.14%. This data can give you a slight idea of what to expect for the next quarter's release.
CAPL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.08B
-10.81%
-4.78%
Gross Margin
8.68%
27.84%
13.76%
Operating Margin
2.37%
16.18%
17.91%
Net Margin
0.99%
-2.94%
-10.00%
EPS
0.27
-12.90%
-12.90%
No Data Available
CAPL Earnings Analysis
CrossAmerica Partners LP Common units representing limited partner interests Corporation (CAPL.N) Earnings Conference Call
Positive
Retail Segment Gross Profit Growth: 24% increase in gross profit in the retail segment compared to the prior year, driven by successful site conversions and strong same-store performance.
Gross Profit Growth: Motor fuel gross profit increased by 26% year-over-year, while merchandise gross profit rose by 20% for the quarter.
Retail Fuel Margin Increase: Retail fuel margin increased 9% year-over-year, reaching $0.406 per gallon, the highest margin quarter for the year.
Retail Site Expansion: Company-operated retail site count increased by 79 sites year-over-year, contributing to a total increase of 115 retail sites overall.
Property Sales Success: Divested 9 properties for $7.2 million in proceeds, resulting in a net gain of $5.3 million, continuing a strong trend in property sales.
Negative
Net Income Decline: 1. Decline in Net Income: Net income decreased to $10.7 million in Q3 2024 from $12.3 million in Q3 2023, reflecting a year-over-year decline of 13%.
Distributable Cash Flow Decline: 2. Drop in Distributable Cash Flow: Distributable cash flow fell to $27.1 million in Q3 2024, down from $31.4 million in Q3 2023, marking a decline of 13.7%.
Rising Operating Expenses: 3. Increased Operating Expenses: Operating expenses rose by $10.2 million year-over-year, primarily due to a significant increase of $11.1 million in the retail segment's operating expenses.
Wholesale Gross Profit Decline: 4. Wholesale Segment Gross Profit Decline: Gross profit from the wholesale segment decreased by 16%, falling to $27.6 million in Q3 2024 from $32.9 million in Q3 2023.
Increased Interest Expense: 5. Higher Interest Expense: Cash interest expense increased from $10.1 million in Q3 2023 to $13.7 million in Q3 2024, representing a rise of 35.6% due to higher credit facility balances and the expiration of beneficial interest rate swaps.
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CAPL Earning Call Sentiment
CrossAmerica Partners LP Common Units (CAPL) Q3 2024 Earnings Call Transcript
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CAPL.N
0.44%Positive
The earnings call summary shows mixed results with some positive elements like retail segment growth and successful site conversions. However, the increase in operating expenses, decline in net income and distributable cash flow, and decreased distribution coverage indicate financial challenges. The Q&A session did not provide additional insights, and the soft industry environment with increased interest expenses and supply chain challenges further contribute to a negative outlook. Despite some strategic gains, the overall sentiment is negative due to financial pressures and economic factors.
