CrossAmerica Partners LP (NYSE:CAPL) will be discussing 2Q20 financial results with the investment community.on 7th August 2020 at 9:00 AM eastern time.
The financial results for the quarter are released after the U.S. market close on Thursday 6th August 2020
Those interested in listening to the conference call live via the Internet can visit www.crossamericapartners.com
Quarterly Results
CrossAmerica Partners LP unwinded income for the second quarter of $ 0.14 per share, from the revenue of $ 398.40 million. The quarterly earnings decreased 22.22 percent while revenues shrunk 34.21 percent compared with the same quarter last year.
According to street consensus, CAPL was expected to report 2Q20 loss of $ 0.06 per share from revenue of $ 386.09 million. The bottom line results beat street analysts by $ 0.2 or 333.33 percent, at the same time, top line results outshined analysts by $ 12.31 million or 3.19 percent.
CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, and company operated retail sites.
