CrossAmerica Partners LP 2026年季度报告

(Mark One)☑ACT OF 1934 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE For the quarterly period ended March 31, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto CROSSAMERICA PARTNERS LP(Exact name of registrant as specified in its charter) 45-4165414(I.R.S. Employer Delaware(State or Other Jurisdiction of Incorporation or Organization) Identification No.) (Zip Code) 645 Hamilton Street, Suite 400Allentown, PA(Address of Principal Executive Offices) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon UnitsCAPLNew York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☐ Accelerated filer☒Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☑ As of May 1, 2026, the registrant had outstanding 38,154,331 common units. TABLE OF CONTENTS Commonly Used Defined Terms PART I - FINANCIAL INFORMATION1Item 1. Financial Statements1Consolidated Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 20251Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 2025 (Unaudited)2Consolidated Statements of Equity and Comprehensive Income for the Three Months Ended March 31, 2026 and2025 (Unaudited)3Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 (Unaudited)4Condensed Notes to Consolidated Financial Statements (Unaudited)5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations17Item 3. Quantitative and Qualitative Disclosures about Market Risk28Item 4. Controls and Procedures28 PART II - OTHER INFORMATIONItem 1. Legal ProceedingsItem 1A. Risk FactorsItem 6. Exhibits SIGNATURE30 COMMONLY USED DEFINED TERMS The following is a list of certain acronyms and terms generally used in the industry and throughout this document: The Omnibus Agreement, effective January 1, 2020, by and among the Partnership, the GeneralPartner and DMI. The terms of the Omnibus Agreement were approved by the independentconflicts committee of the Board, which is composed of the independent directors of the Board.Pursuant to the Omnibus Agreement, DMI agrees, among other things, to provide, or cause to beprovided, to the Partnership certain management services at cost without markup. Omnibus Agreement Second Amended and Restated Agreement of Limited Partnership of CrossAmerica Partners LP,dated as of February 6, 2020 Wholesale distribution contracts and real property and leasehold interests contributed to thePartnership in connection with the IPO Predecessor Entity Secured Overnight Financing Rate U.S. Generally Accepted Accounting Principles CROSSAMERICA PARTNERS LPCONSOLIDATED STATEMENTS OF OPERATIONS(Thousands of Dollars, except unit and per unit amounts)(Unaudited) CROSSAMERICA PARTNERS LPCONSOLIDATED STATEMENTS OF EQUITY AND COMPREHENSIVE INCOME(Thousands of Dollars, except unit amounts)(Unaudited) CROSSAMERICA PARTNERS LPCONSOLIDATED STATEMENTS OF CASH FLOWS(Thousands of Dollars)(Unaudited) CROSSAMERICA PARTNERS LPCONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Note 1.DESCRIPTION OF BUSINESS AND OTHER DISCLOSURES Our business consists of: •the wholesale distribution of motor fuels;•the owning or leasing of sites used in the retail distribution of motor fuels and, in turn, generating rental income fromthe lease or sublease of the sites;•the retail sale of motor fuels to end customers at retail sites operated by commission agents and ours