CrossAmerica Partners
CrossAmerica Partners LP is a publicly traded MLP (NYSE: CAPL) that distributes branded motor fuel to roughly 1,600 sites across 34 U.S. states under ExxonMobil, BP, Phillips 66, Valero, Motiva, Citgo, and Marathon, and operates about 900–1,000 owned/leased convenience store and retail fuel sites.
- Company typePublic
- Founded2012
- HeadquartersAllentown, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What CrossAmerica Partners does
CrossAmerica Partners LP (NYSE: CAPL) is a publicly traded Master Limited Partnership headquartered in Allentown, Pennsylvania, that operates as a wholesale distributor of branded motor fuels and a convenience store operator in the United States. The company distributes fuel to approximately 1,600 branded and unbranded retail locations across 34 states under supply relationships with ExxonMobil, BP, Phillips 66, Valero, Motiva, Citgo, and Marathon, ranking among ExxonMobil's largest U.S. distributors. In parallel, CrossAmerica owns or leases approximately 900–1,000 convenience store and retail fuel sites, where it conducts retail fuel sales, merchandise sales, and earns rental income from real estate leased to operators such as Getty Realty.
Revenue is generated primarily through wholesale fuel margin on distributed volumes and through retail fuel and merchandise sales at owned/leased sites, supplemented by recurring rental and lease income on owned properties. Distribution coverage in Q1 2026 stood at 1.07x with distributable cash flow of $21.5M, retail segment gross profit reached $74.3M on motor fuel margins of $0.437 per gallon (versus $0.339 a year earlier), and the board maintained a $0.5250 per-unit quarterly distribution. The company is controlled by general partner CrossAmerica GP, an affiliate of Dunne Manning Holdings LLC.
Operationally, CrossAmerica is a capital-intensive, real-estate-heavy business model that has been actively rationalizing its property portfolio — selling 107 sites in 2025 and 16 more in Q1 2026 to reduce leverage from 4.36x to 3.51x — while investing in standardized network infrastructure (Mako Networks cloud-managed connectivity, PCI-certified firewalls, cellular failover, hosted VoIP) across its retail footprint. Leadership transitioned in March 2026 with Maura Topper moving from CFO to President and CEO, succeeded as CFO on an interim basis by Chief Accounting Officer Jonathan E. Benfield.
CrossAmerica Partners firmographics
Firmographics- Name
- CrossAmerica Partners
- Legal name
- CrossAmerica Partners LP
- Website
- https://crossamericapartners.com
- Company type
- Public
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- CrossAmerica Partners LP is a publicly traded MLP (NYSE: CAPL) that distributes branded motor fuel to roughly 1,600 sites across 34 U.S. states under ExxonMobil, BP, Phillips 66, Valero, Motiva, Citgo, and Marathon, and operates about 900–1,000 owned/leased convenience store and retail fuel sites.
- Ownership category
- akta.pro rank
CrossAmerica Partners industry classification
Industry- Product category
- Fuel Distribution and Convenience Retail
- NAICS
- Gasoline Stations and Fuel Dealers (457), Gasoline Stations with Convenience Stores (45711), Fuel Dealers (45721)
- SIC
- Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Retail-Auto Dealers & Gasoline Stations (5500)
- akta.pro primary industry
- Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB)
- akta.pro secondary industries
- Convenience Retail & Foodservice at Forecourts (C-Store/QSR) (EUALAIAE), Retail Service Station Operations (Company-Owned & Dealer-Operated) (EUALAIAA), Non-Fuel Retail & Ancillary Forecourt Services (Car Wash, Auto Care, ATM/Lottery, Parcel Lockers) (EUALAIAJ)
Keywords
Where CrossAmerica Partners is headquartered
LocationHeadquarters
- HQ city
- Allentown
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
CrossAmerica Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Infrastructure, Personnel, Others
Revenue model
- Wholesale Motor Fuel Distribution: CrossAmerica Partners distributes motor fuel on a wholesale basis to approximately 1,600 branded and unbranded retail locations across 34 U.S. states. Revenues are generated through fuel margin on wholesale volumes distributed under major petroleum brands including ExxonMobil, BP, Phillips 66, Valero, Motiva, Citgo, and Marathon.
- Retail Motor Fuel Sales: Sale of motor fuel at company-owned and leased convenience store and retail fuel sites. Q1 2026 gross profit from the retail segment was $74.3 million, driven by higher motor fuel margins of $0.437/gallon versus $0.339/gallon year-over-year, alongside merchandise sales growth.
- Merchandise and Convenience Store Sales: Sale of merchandise at owned and leased convenience store locations, contributing to the 18% year-over-year increase in retail segment gross profit in Q1 2026.
- Real Estate Rental and Lease Income: The company generates rental and lease income from its owned real estate portfolio. Getty Realty lease covering 106 sites was extended by 10 years to April 2037. The company also sells excess properties as part of its portfolio optimization strategy.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
CrossAmerica Partners product offering
Product offeringCore offering
CrossAmerica Partners LP is a wholesale distributor of motor fuels and an operator of convenience store sites. The company distributes branded and unbranded fuel to approximately 1,600 retail locations across 34 U.S. states under major petroleum brands (ExxonMobil, BP, Phillips 66, Valero, Motiva, Citgo, Marathon) and operates approximately 900-1,000 owned and leased convenience store sites. The company also generates rental income from its real estate portfolio and sells excess properties as part of an ongoing portfolio optimization strategy.
Product overview
CrossAmerica Partners LP is a wholesale motor fuel distributor and convenience store operator operating as a master limited partnership (MLP). The company operates a platform-based model with two core business lines: wholesale motor fuel distribution to approximately 1,600 locations across 34 states (including branded relationships with ExxonMobil, BP, Phillips 66, Valero, Motiva, Citgo, and Marathon) and convenience store operations at approximately 900-1,000 owned or leased sites. The company also manages a portfolio of commercial real estate assets including gas stations for sale/lease, auto repair space, retail space, and excess properties.
Differentiator
Problem solved
Functional benefit
Products and services
- Wholesale Motor Fuel Distribution
Companies that use CrossAmerica Partners
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
CrossAmerica Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature2 records
CrossAmerica Partners partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Mako NetworkscoreCrossAmerica Partners signed an agreement to standardize its retail fuel network of nearly 1,600 sites on Mako Networks' 'All-In' cloud-managed connectivity platform. The partnership enables deployment of PCI-certified solutions across branded and unbranded locations including ExxonMobil, bp, Phillips 66, Valero, Motiva, CITGO, and Marathon. Installations are underway and will continue throughout 2026, providing unified modern infrastructure for enhanced security, uptime, compliance, and operational control.
- Getty Realty Corp.coreGetty Realty Corp. extended its lease covering 106 sites with CrossAmerica Partners LP by 10 years to April 2037. Getty Realty is a REIT that holds properties leased to petroleum marketers and convenience store operators including CrossAmerica, BP Products North America, CPD Energy, and Shahani Inc.
Scale indicators13 records
Recent moves9 records
Expansion highlights5 records
CrossAmerica Partners competitors and assessment
Company assessmentDirect peers
- Sunoco LP: Sunoco LP is a master limited partnership that distributes motor fuels to approximately 7,000 wholesale sites across the U.S. and operates retail fuel and c-store locations, making it the closest direct peer to CrossAmerica's wholesale fuel distribution and c-store retail model.
- Murphy USA: Murphy USA operates a chain of low-cost retail fuel stations typically located near Walmart stores, combining fuel sales with convenience retail. It is directly comparable to CrossAmerica's retail fuel and c-store segment with a similar U.S. geographic footprint.
- ARKO Corp: ARKO is a U.S. convenience store and wholesale fuel distributor operating retail c-stores and dealer fuel supply arrangements across multiple states. Its dual wholesale-distribution and c-store retail model closely mirrors CrossAmerica's two-pillar platform.
- Global Partners LP: Global Partners is a Northeast-focused MLP that distributes gasoline, distillates, and renewable fuels to wholesale customers and operates c-stores. It is comparable to CrossAmerica as a petroleum-products distributor with both wholesale and retail fuel operations.
- Casey's General Stores: Casey's operates one of the largest U.S. c-store chains with a substantial company-operated fuel business across the Midwest and South. While more retail-focused than CrossAmerica, it is a direct comparable on the owned c-store and retail fuel side of the platform.
Broad incumbents
- Alimentation Couche-Tard: Couche-Tard is a global convenience and fuel retail giant operating Circle K and other banners across North America and Europe. It is a broad incumbent against which CrossAmerica's smaller c-store and fuel distribution platform must compete for sites and supplier negotiations.
- Marathon Petroleum Corp: Marathon Petroleum is one of the largest U.S. refiners and a major fuel supplier to wholesale distributors including CrossAmerica. It is a broad incumbent because branded supply through Marathon (and its Speedway-spinco heritage) is a key relationship for CrossAmerica's network.
- Phillips 66: Phillips 66 is a major integrated oil and gas company with significant U.S. marketing and wholesale fuel operations. It is a comparable broad incumbent as one of CrossAmerica's key branded fuel suppliers and competes for wholesale fuel contracts.
Regional players
- Parkland Corporation: Parkland is a Canadian fuel and convenience retailer and distributor operating across Canada, the U.S. Caribbean, and Latin America. It is a regional peer because its business model — fuel distribution plus c-stores — is similar but its primary geography (Canada/Caribbean) does not overlap directly with CrossAmerica's U.S. footprint.
Others
- Getty Realty Corp: Getty Realty is a net-lease REIT specializing in convenience, fuel, and automotive real estate and holds the master lease on 106 CrossAmerica sites. It is an ecosystem participant adjacent to CrossAmerica's real estate strategy and provides a structural anchor to CrossAmerica's site portfolio.
Market position
Weaknesses5 records
Competitive moat4 records
Key risks2 records
Key highlights6 records
Customer concentration
CrossAmerica Partners social profiles
Digital presenceCrossAmerica Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
CrossAmerica Partners leadership team
Management profileNumber of profiles
Profiles5 records
CrossAmerica Partners funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CrossAmerica Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CrossAmerica Partners
What does CrossAmerica Partners do?
CrossAmerica Partners LP is a wholesale distributor of motor fuels and an operator of convenience store sites. The company distributes branded and unbranded fuel to approximately 1,600 retail locations across 34 U.S. states under major petroleum brands (ExxonMobil, BP, Phillips 66, Valero, Motiva, Citgo, Marathon) and operates approximately 900-1,000 owned and leased convenience store sites. The company also generates rental income from its real estate portfolio and sells excess properties as part of an ongoing portfolio optimization strategy.
Is CrossAmerica Partners a public or private company?
CrossAmerica Partners is a public company. It is classified as public and is currently operating.
When was CrossAmerica Partners founded?
CrossAmerica Partners was founded in 2012. It employs 101 to 250 people.
Where is CrossAmerica Partners based?
CrossAmerica Partners is headquartered in Allentown, United States, in the North America region.
How does CrossAmerica Partners make money?
Four revenue lines are on record. Wholesale Motor Fuel Distribution is the primary driver. The others are retail Motor Fuel Sales, merchandise and Convenience Store Sales and real Estate Rental and Lease Income.
Who are CrossAmerica Partners's main competitors?
Direct peers on record are Sunoco LP, Murphy USA, ARKO Corp, Global Partners LP and Casey's General Stores. Broad incumbents are Alimentation Couche-Tard, Marathon Petroleum Corp and Phillips 66. Parkland Corporation is listed as a regional player. Getty Realty Corp is listed as an others.
Does CrossAmerica Partners have an API?
No public API is recorded for CrossAmerica Partners.
What industry is CrossAmerica Partners in?
CrossAmerica Partners's product category is Fuel Distribution and Convenience Retail. Its primary akta.pro industry code is EUALAIAB, Branded Fuels Wholesaling & Jobber Distribution, with a secondary code of EUALAIAE, Convenience Retail & Foodservice at Forecourts (C-Store/QSR). Its NAICS code is 457 and its SIC code is 5172.