CAPL

CrossAmerica Partners LP is a wholesale distributor of motor fuels and owner and lessee of real estate used in retail distribution of motor fuels. The partnership distributes motor fuels to independently operated convenience stores, retail sites, and unbranded dealers across the United States. CrossAmerica operates through wholesale distribution of motor fuels, retail operations at company-operated sites, and leasing of real estate to convenience store operators. The partnership owns or leases real estate sites where motor fuel is sold, generating revenues from fuel distribution margins, rent payments, and retail operations. Headquartered in Allentown, Pennsylvania, CrossAmerica was formed in 2012 and is controlled by entities affiliated with Joseph V. Topper Jr. and the Nifty Fifty convenience store chain. The partnership operates with a geographically diversified footprint across more than 30 states. CrossAmerica faces challenges from electric vehicle adoption threatening long-term gasoline demand, competitive fuel retail markets, volatile fuel margins, and customer concentration risks. The partnership provides income-oriented investors with exposure to motor fuel distribution. CrossAmerica continues to focus on efficiency, customer relationships, and adapting to evolving energy markets.