CrossAmerica Partners Reports Q3 Revenue Beat Amid GAAP EPS Miss
CrossAmerica Partners LP (CAPL) reported third-quarter financial results characterized by a significant revenue beat alongside an earnings miss. The company generated $1.19 billion in revenue, representing a 22.5% increase year-over-year and exceeding expectations by $170 million. Despite the top-line growth, GAAP earnings per share (EPS) came in at $0.21, missing analyst estimates by $0.21. The company also declared a dividend of $0.525 per unit as it continues to navigate the motor fuel sector amid elevated gas prices.
Tickers: $CAPL
Topics: earnings report EPS miss revenue growth