CrossAmerica Partners (CAPL) reported second-quarter 2026 net income of $20.8 million, down from $25.2 million a year earlier. Operating revenues were $1.18 billion, compared with $961.9 million in the second quarter of 2025.
The partnership reported adjusted EBITDA of $51.8 million and distributable cash flow of $33.6 million. CrossAmerica said retail segment gross profit rose to $85.7 million, while wholesale segment gross profit increased to $27.1 million.
- Second-quarter net income was $20.8 million, compared with $25.2 million in the prior-year quarter.
- Basic net income per common unit was $0.53; diluted net income per common unit was $0.52.
- Retail segment gross profit rose 13% to $85.7 million from $76.1 million.
- Wholesale segment gross profit increased 9% to $27.1 million from $24.9 million.
- The board declared a quarterly distribution of $0.5250 per limited partner unit for the second quarter.
- Leverage under the CAPL Credit Facility was 3.57 times as of June 30, 2026.
- Jonathan Benfield was appointed chief financial officer on July 20, 2026.
$CAPL Hedge Fund Activity
We have seen 22 institutional investors add shares of $CAPL stock to their portfolio, and 18 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. removed 616,804 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $12,817,187
- MORGAN STANLEY added 216,512 shares (+415.1%) to their portfolio in Q1 2026, for an estimated $4,499,119
- HRT FINANCIAL LP added 47,868 shares (+inf%) to their portfolio in Q1 2026, for an estimated $994,697
- JANE STREET GROUP, LLC added 42,019 shares (+inf%) to their portfolio in Q1 2026, for an estimated $873,154
- ACADIAN ASSET MANAGEMENT LLC added 33,125 shares (+81.7%) to their portfolio in Q1 2026, for an estimated $688,337
- PRIVATE ADVISOR GROUP, LLC added 29,944 shares (+inf%) to their portfolio in Q2 2026, for an estimated $671,344
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 28,427 shares (+inf%) to their portfolio in Q1 2026, for an estimated $590,713
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
