Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 116

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 116
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 metrics of our wholesale segment. The narrative following these tables provides an analysis of the results of operations of that segment (thousands of dollars, except for the number of distribution sites and per gallon amounts):

    Year Ended December 31,

    2024

    2023

    2022

    Gross profit:

    Motor fuel gross profit
     
    $
    62,892

    $
    72,680

    $
    73,378

    Rent gross profit

    41,122

    50,873

    50,852

    Other revenues

    4,601

    5,248

    6,509

    Total gross profit

    108,615

    128,801

    130,739

    Operating expenses

    (31,754
    )

    (37,988
    )

    (37,072
    )

    Operating income
     
    $
    76,861

    $
    90,813

    $
    93,667

    Motor fuel distribution sites (end of period): (a)

    Independent dealers (b)

    607

    632

    663

    Lessee dealers (c)

    434

    569

    619

    Total motor fuel distribution sites

    1,041

    1,201

    1,282

    Average motor fuel distribution sites

    1,093

    1,235

    1,286

    Volume of gallons distributed

    743,535

    842,636

    844,486

    Margin per gallon
     
    $
    0.085

    $
    0.086

    $
    0.087

(a)In addition, we distributed motor fuel to sub-wholesalers who distributed to additional sites.

(b)The decrease in the independent dealer site count from December 31, 2023 to December 31, 2024 was primarily attributable to the net loss of contracts, partially offset by divestitures of certain lessee dealer sites but with continued fuel supply.

(c)The decrease in the lessee dealer site count from December 31, 2023 to December 31, 2024 was primarily attributable to the conversion of certain lessee dealer sites to company operated and commission agent sites, including through the Applegreen Acquisition, and our real estate