CrossAmerica Partners (CAPL) Misses Q1 EPS by 2c

CrossAmerica Partners LP Reports First Quarter 2016 Results

- Generated first quarter Adjusted EBITDA of $22.2 million, up 43% over first quarter 2015

- Reported first quarter Distribution Coverage Ratio of 0.88x versus 0.76x for the first quarter of 2015

- Generated first quarter Distributable Cash Flow of $17.3 million, up 71% over first quarter 2015

ALLENTOWN, Pa.--(BUSINESS WIRE)-- CrossAmerica Partners LP (NYSE: CAPL) (CrossAmerica or the Partnership), a leading wholesale fuels distributor, convenience store operator, and owner and lessor of real estate used in the retail distribution of motor fuels, today reported financial results for the first quarter ended... More

CST Brands, Inc. Reports First Quarter 2016 Results

SAN ANTONIO--(BUSINESS WIRE)-- CST Brands, Inc. (NYSE: CST), one of the largest independent retailers of motor fuels and convenience merchandise in North America, today reported financial results for the first quarter ended March 31, 2016.

We had a strong first quarter led by impressive improvements in retail merchandise sales and gross profits. U.S. merchandise and services gross profits grew by 25% over the first quarter of 2015 on increased sales and margins. Our Canadian stores grew merchandise and services gross profits by 10%, excluding the impact of foreign currency exchange, with an impressive 6% increase in same store... More