CrossAmerica Partners (CAPL) 10-Q7 Nov 232023 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2023	Nov. 02, 2023
Cover [Abstract]
Entity Registrant Name	CROSSAMERICA PARTNERS LP
Entity Central Index Key	0001538849
Document Type	10-Q
Document Period End Date	Sep. 30, 2023
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Trading Symbol	CAPL
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		37,970,720
Entity Interactive Data Current	Yes
Entity Shell Company	false
Title of 12(b) Security	Common Units
Security Exchange Name	NYSE
Entity File Number	001-35711
Entity Tax Identification Number	45-4165414
Entity Address, Address Line One	645 Hamilton Street
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Allentown
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	18101
City Area Code	610
Local Phone Number	625-8000
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	DE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 5,790	$ 16,054
Accounts receivable	38,735	30,825
Accounts receivable from related parties	445	743
Inventory	53,609	47,307
Assets held for sale	1,135	983
Current portion of interest rate swap contracts	12,691	13,827
Other current assets	10,856	8,667
Total current assets	123,261	118,406
Property and equipment, net	706,409	728,379
Right-of-use assets, net	153,246	164,942
Intangible assets, net	98,618	113,919
Goodwill	99,409	99,409
Interest rate swap contracts, less current portion	9,301	3,401
Other assets	26,983	26,142
Total assets	1,217,227	1,254,598
Current liabilities:
Current portion of debt and finance lease obligations	3,034	11,151
Current portion of operating lease obligations	35,085	35,345
Accounts payable	80,216	77,048
Accounts payable to related parties	10,098	7,798
Accrued expenses and other current liabilities	27,577	23,144
Motor fuel and sales taxes payable	21,187	20,813
Total current liabilities	177,197	175,299
Debt and finance lease obligations, less current portion	760,688	761,638
Operating lease obligations, less current portion	123,491	135,220
Deferred tax liabilities, net	11,733	10,588
Asset retirement obligations	47,506	46,431
Other long-term liabilities	47,299	46,289
Total liabilities	1,167,914	1,175,465
Commitments and contingencies
Preferred membership interests	27,101	26,156
Partners' Capital [Abstract]
Common units- 37,970,720 and 37,937,604 units issued and outstanding at September 30, 2023 and December 31, 2022, respectively	1,233	36,508
Accumulated other comprehensive income	20,979	16,469
Total equity	22,212	52,977
Total liabilities and equity	$ 1,217,227	$ 1,254,598

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Account receivable allowance	$ 718	$ 686
Shares issued	37,970,720	37,937,604
Shares outstanding	37,970,720	37,937,604

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Operating revenues	$ 1,210,023	$ 1,274,407	$ 3,371,578	$ 3,842,651
Costs of sales	1,109,583	1,159,677	3,091,355	3,560,146
Gross profit	100,440	114,730	280,223	282,505
Operating expenses:
Operating expenses	50,609	46,845	146,030	131,170
General and administrative expenses	6,877	6,599	20,091	18,762
Depreciation, amortization and accretion expense	19,096	21,329	58,214	61,523
Total operating expenses	76,582	74,773	224,335	211,455
Gain (loss) on dispositions and lease terminations, net	287	(318)	5,220	(620)
Operating income	24,145	39,639	61,108	70,430
Other income, net	174	120	598	352
Interest expense	(10,559)	(8,351)	(33,254)	(22,333)
Income before income taxes	13,760	31,408	28,452	48,449
Income tax expense	1,468	3,815	2,603	1,843
Net income	12,292	27,593	25,849	46,606
Accretion of preferred membership interests	629	575	1,845	1,138
Net income available to limited partners	$ 11,663	$ 27,018	$ 24,004	$ 45,468
Earnings Per Share
Earnings per common unit, basic	$ 0.31	$ 0.71	$ 0.63	$ 1.2
Earnings per common unit, diluted	$ 0.31	$ 0.71	$ 0.63	$ 1.2
Weighted-average common units, basic	37,966,474	37,925,082	37,953,348	37,912,737
Weighted-average common units, diluted	38,139,258	39,037,660	38,126,392	37,950,362
Supplemental information:
(a) includes excise taxes of:	$ 76,991	$ 66,129	$ 223,066	$ 204,588
(a) Includes rent income of:	20,137	21,260	61,980	62,736
(b) excludes depreciation, amortization and accretion and includes rent expense of:	5,679	5,906	16,891	17,692
(c) includes rent expense of:	$ 3,957	$ 4,012	$ 11,666	$ 11,521

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income	$ 25,849	$ 46,606
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, amortization and accretion expense	58,214	61,523
Amortization of deferred financing costs	2,806	2,053
Credit loss expense	37	139
Deferred income tax expense (benefit)	1,145	(677)
Equity-based employee and director compensation expense	2,084	1,608
(Gain) loss on dispositions and lease terminations, net	(5,220)	620
Changes in operating assets and liabilities, net of acquisitions	(5,926)	14,588
Net cash provided by operating activities	78,989	126,460
Cash flows from investing activities:
Principal payments received on notes receivable	162	102
Proceeds from sale of assets	4,983	4,398
Capital expenditures	(21,680)	(26,784)
Cash paid in connection with acquisitions, net of cash acquired		(1,885)
Net cash used in investing activities	(16,535)	(24,169)
Cash flows from financing activities:
Borrowings under revolving credit facilities	221,900	64,600
Repayments on revolving credit facilities	(65,537)	(101,815)
Borrowings under the Term Loan Facility		1,120
Repayments on the Term Loan Facility	(158,980)	(24,600)
Net proceeds from issuance of preferred membership interests		24,430
Payments of finance lease obligations	(2,150)	(2,030)
Payments of deferred financing costs	(7,106)	(6)
Distributions paid on distribution equivalent rights	(168)	(137)
Income tax distributions paid on preferred membership interests	(900)
Distributions paid on common units	(59,777)	(59,713)
Net cash used in financing activities	(72,718)	(98,151)
Net (decrease) increase in cash and cash equivalents	(10,264)	4,140
Cash and cash equivalents at beginning of period	16,054	7,648
Cash and cash equivalents at end of period	$ 5,790	$ 11,788

Consolidated Statements of Equi

Consolidated Statements of Equity and Comprehensive Income - USD ($) $ in Thousands	Total	Common units-public [Member]	Accumulated Other Comprehensive Loss [Member]
Balance at Dec. 31, 2021	$ 56,558	$ 53,528	$ 3,030
Balance, Common Units at Dec. 31, 2021		37,896,556
Net income	46,606	$ 46,606
Other comprehensive Income
Unrealized gain on interest rate swap contracts	15,689		15,689
Realized gain on interest rate swap contracts reclassified from AOCI into interest expense	(1,417)		(1,417)
Total other comprehensive income	14,272		14,272
Comprehensive income	60,878	46,606	14,272
Vesting of equity awards, net of units withheld for taxes	338	$ 338
Vesting of equity awards, net of units withheld for tax, Units		16,260
Issuance of units related to Bonus Plan	327	$ 327
Issuance of units related to Bonus Plan, Units		16,154
Accretion of preferred membership interests	(1,138)	$ (1,138)
Distributions paid	(59,850)	(59,850)
Balance at Sep. 30, 2022	57,113	$ 39,811	17,302
Balance, Common Units at Sep. 30, 2022		37,928,970
Balance at Jun. 30, 2022	46,094	$ 32,412	13,682
Balance, Common Units at Jun. 30, 2022		37,912,710
Net income	27,593	$ 27,593
Other comprehensive Income
Unrealized gain on interest rate swap contracts	4,992		4,992
Realized gain on interest rate swap contracts reclassified from AOCI into interest expense	(1,372)		(1,372)
Total other comprehensive income	3,620		3,620
Comprehensive income	31,213	27,593	3,620
Vesting of equity awards, net of units withheld for taxes	338	$ 338
Vesting of equity awards, net of units withheld for tax, Units		16,260
Accretion of preferred membership interests	(575)	$ (575)
Distributions paid	(19,957)	(19,957)
Balance at Sep. 30, 2022	57,113	$ 39,811	17,302
Balance, Common Units at Sep. 30, 2022		37,928,970
Balance at Dec. 31, 2022	52,977	$ 36,508	16,469
Balance, Common Units at Dec. 31, 2022		37,937,604
Net income	25,849	$ 25,849
Other comprehensive Income
Unrealized gain on interest rate swap contracts	16,619		16,619
Realized gain on interest rate swap contracts reclassified from AOCI into interest expense	(12,109)		(12,109)
Total other comprehensive income	4,510		4,510
Comprehensive income	30,359	25,849	4,510
Vesting of equity awards, net of units withheld for taxes	344	$ 344
Vesting of equity awards, net of units withheld for tax, Units		17,770
Issuance of units related to Bonus Plan	322	$ 322
Issuance of units related to Bonus Plan, Units		15,346
Accretion of preferred membership interests	(1,845)	$ (1,845)
Distributions paid	(59,945)	(59,945)
Balance at Sep. 30, 2023	22,212	$ 1,233	20,979
Balance, Common Units at Sep. 30, 2023		37,970,720
Balance at Jun. 30, 2023	28,344	$ 9,217	19,127
Balance, Common Units at Jun. 30, 2023		37,952,950
Net income	12,292	$ 12,292
Other comprehensive Income
Unrealized gain on interest rate swap contracts	6,584		6,584
Realized gain on interest rate swap contracts reclassified from AOCI into interest expense	(4,732)		(4,732)
Total other comprehensive income	1,852		1,852
Comprehensive income	14,144	12,292	1,852
Vesting of equity awards, net of units withheld for taxes	344	$ 344
Vesting of equity awards, net of units withheld for tax, Units		17,770
Accretion of preferred membership interests	(629)	$ (629)
Distributions paid	(19,991)	(19,991)
Balance at Sep. 30, 2023	$ 22,212	$ 1,233	$ 20,979
Balance, Common Units at Sep. 30, 2023		37,970,720

Description of Business and Oth

Description of Business and Other Disclosures	9 Months Ended
Description of Business and Other Disclosures	Sep. 30, 2023
Accounting Policies [Abstract]
Description of Business and Other Disclosures	Note 1. DESCRIPTION OF BUSINESS AND OTHER DISCLOSURES Our business consists of: • the wholesale distribution of motor fuels; • the owning or leasing of sites used in the retail distribution of motor fuels and, in turn, generating rental income from the lease or sublease of the sites; • the retail sale of motor fuels to end customers at retail sites operated by commission agents and ourselves; and • the operation of retail sites, including the sale of convenience merchandise to end customers. Interim Financial Statements These unaudited condensed consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and with the instructions to Form 10-Q and the Exchange Act. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are of a normal recurring nature unless disclosed otherwise. Management believes that the disclosures made are adequate to keep the information presented from being misleading. The financial statements contained herein should be read in conjunction with the consolidated financial statements and notes thereto included in our Form 10-K. Financial information as of September 30, 2023 and for the three and nine months ended September 30, 2023 and 2022 included in the consolidated financial statements has been derived from our unaudited financial statements. Financial information as of December 31, 2022 has been derived from our audited financial statements and notes thereto as of that date. Operating results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. Our business exhibits seasonality due to our wholesale and retail sites being located in certain geographic areas that are affected by seasonal weather and temperature trends and associated changes in retail customer activity during different seasons. Historically, sales volumes have been highest in the second and third quarters (during the summer activity months) and lowest during the winter months in the first and fourth quarters. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results and outcomes could differ from those estimates and assumptions. On an ongoing basis, management reviews its estimates based on currently available information. Changes in facts and circumstances could result in revised estimates and assumptions. Recently Adopted Accounting Pronouncements – Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met to ease an entity’s financial reporting burden as the market transitions from LIBOR and other interbank offered rates to alternative reference rates. Subsequently, the FASB issued ASU 2021-01 to clarify the scope of Topic 848 and ASU 2022-06 to defer the sunset date of Topic 848. The guidance was effective upon issuance and may be applied through December 31, 2024. This guidance applied to our hedge accounting and hedge documentation as further discussed in Note 8, but did not have a material effect on the Partnership's consolidated financial statements. Certain other new accounting pronouncements have become effective for our financial statements during 2023, but the adoption of these pronouncements did not materially impact our financial position, results of operations or disclosures. Concentration Risk For the nine months ended September 30, 2023 and 2022, respectively, our wholesale business purchased approximately 80 % and 81 % of its motor fuel from four suppliers. Approximately 23 % of our motor fuel gallons sold for each of the nine months ended September 30, 2023 and 2022, were delivered by two carriers. For the nine months ended September 30, 2023 and 2022, respectively, approximately 18 % and 20 % of our rent income was from two multi-site operators. For the nine months ended September 30, 2023 and 2022, respectively, approximately 47 % and 49 % of our merchandise was purchased from one supplier.

Acquisitions

Acquisitions	9 Months Ended
Acquisitions	Sep. 30, 2023
Business Combinations [Abstract]
Acquisitions	Note 2. ACQUISITIONS Acquisition of Assets from CSS On November 9, 2022, we closed on the acquisition of assets from CSS for a purchase price of $ 27.5 million plus working capital. The assets consisted of wholesale fuel supply contracts to 38 dealer owned locations, 35 sub-wholesaler accounts and two commission locations ( 1 fee based and 1 lease). We funded this acquisition through borrowings on the CAPL Credit Facility and cash on hand. Acquisition of Assets from 7-Eleven In February 2022, we closed on the final three properties of our 106-site acquisition from 7-Eleven for a purchase price of $ 3.6 million, including inventory and other working capital, of which $ 1.8 million will be paid on or prior to February 8, 2027.

Assets Held for Sale

Assets Held for Sale	9 Months Ended
Assets Held for Sale	Sep. 30, 2023
Property, Plant and Equipment Assets Held-for-Sale Disclosure [Abstract]
Assets Held for Sale	Note 3. ASSETS HELD FOR SALE We have classified four sites and three sites as held for sale at September 30, 2023 and December 31, 2022, respectively, which are expected to be sold within one year of such classification. Assets held for sale were as follows (in thousands): September 30, December 31, 2023 2022 Land $ 798 $ 758 Buildings and site improvements 713 457 Equipment 1,077 333 Total 2,588 1,548 Less accumulated depreciation ( 1,453 ) ( 565 ) Assets held for sale $ 1,135 $ 983 The Partnership has continued to focus on divesting lower performing assets. During the three and nine months ended September 30, 2023, we sold one and eight properties for $ 0.1 million and $ 8.3 million in proceeds, resulting in net gains of an insignificant amount and $ 6.3 million, respectively. The proceeds for the nine months ended September 30, 2023 includes $ 3.6 million of proceeds that were initially placed in a Section 1031 exchange escrow account. During the three and nine months ended September 30, 2022, we sold one and ten properties for $ 0.2 million and $ 4.0 million in proceeds, resulting in net gains of an insignificant amount and $ 0.9 million, respectively. See Note 5 for information regarding impairment charges primarily recorded upon classifying sites within assets held for sale.

Inventories

Inventories	9 Months Ended
Inventories	Sep. 30, 2023
Inventory Disclosure [Abstract]
Inventories	Note 4. INVENTORY Inventory consisted of the following (in thousands): September 30, December 31, 2023 2022 Retail site merchandise $ 26,743 $ 22,654 Motor fuel 26,866 24,653 Inventory $ 53,609 $ 47,307 See Note 14 for information regarding the conversion of lessee dealer sites to company operated sites, which caused a significant portion of the increase in retail site merchandise.

Property and Equipment

Property and Equipment	9 Months Ended
Property and Equipment	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 5. PROPERTY AND EQUIPMENT Property and equipment, net consisted of the following (in thousands): September 30, December 31, 2023 2022 Land $ 324,816 $ 323,882 Buildings and site improvements 362,515 360,542 Leasehold improvements 16,231 15,312 Equipment 343,716 334,324 Construction in progress 9,530 6,514 Property and equipment, at cost 1,056,808 1,040,574 Accumulated depreciation and amortization ( 350,399 ) ( 312,195 ) Property and equipment, net $ 706,409 $ 728,379 We recorded impairment charges of an insignificant amount and $ 1.6 million during the three months ended September 30, 2023 and 2022 and $ 0.8 million and $ 2.7 million during the nine months ended September 30, 2023 and 2022, respectively, included within depreciation, amortization and accretion expenses on the statements of operations. These impairment charges were primarily related to sites initially classified within assets held for sale in connection with our ongoing real estate rationalization effort.

Intangible Assets

Intangible Assets	9 Months Ended
Intangible Assets	Sep. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	Note 6. INTANGIBLE ASSETS Intangible assets consisted of the following (in thousands): September 30, 2023 December 31, 2022 Gross Accumulated Net Gross Accumulated Net Wholesale fuel supply contracts/rights $ 232,932 $ 135,825 $ 97,107 $ 232,932 $ 120,168 $ 112,764 Trademarks/licenses 2,078 734 1,344 2,208 1,250 958 Covenant not to compete 200 33 167 650 453 197 Total intangible assets $ 235,210 $ 136,592 $ 98,618 $ 235,790 $ 121,871 $ 113,919

Debt

Debt	9 Months Ended
Debt	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt	Note 7. DEBT Our balances for long-term debt and finance lease obligations were as follows (in thousands): September 30, December 31, 2023 2022 CAPL Credit Facility $ 762,500 $ 606,137 JKM Credit Facility — 158,980 Finance lease obligations 11,804 13,954 Total debt and finance lease obligations 774,304 779,071 Current portion 3,034 11,151 Noncurrent portion 771,270 767,920 Deferred financing costs, net 10,582 6,282 Noncurrent portion, net of deferred financing costs $ 760,688 $ 761,638 As of September 30, 2023, future principal payments on debt and future minimum rental payments on finance lease obligations were as follows (in thousands): Debt Finance Lease Obligations Total Remaining in 2023 $ — $ 833 $ 833 2024 — 3,396 3,396 2025 — 3,495 3,495 2026 — 3,596 3,596 2027 — 1,210 1,210 2028 762,500 — 762,500 Total future payments 762,500 12,530 775,030 Less impact of discounting — 726 726 762,500 11,804 774,304 Current portion — 3,034 3,034 Long-term portion $ 762,500 $ 8,770 $ 771,270 On March 31, 2023, the Partnership and its subsidiary, LGWS (together with the Partnership, the “Borrowers”), amended and restated the CAPL Credit Facility. As amended, the CAPL Credit Facility provides for an increase of the senior secured revolving credit facility from $ 750 million to $ 925 million and extends the maturity date from April 1, 2024 to March 31, 2028 . The credit facility can be increased from time to time upon the Partnership’s written request, subject to certain conditions, up to an additional $ 350 million. The aggregate amount of the outstanding loans and letters of credit under the CAPL Credit Facility cannot exceed the combined revolving commitments then in effect. Certain subsidiaries of the Borrowers are guarantors ("Guarantors") of all of the obligations under the CAPL Credit Facility. All obligations under the CAPL Credit Facility are secured by substantially all of the Partnership’s assets and substantially all of the assets of the Guarantors. Borrowings under the credit facility bear interest, at the Partnership’s option, at (1) a rate equal to the secured overnight financing rate (“SOFR”), for interest periods of one, three or six months, plus a margin ranging from 1.75 % to 2.75 % per annum depending on the Partnership’s Consolidated Leverage Ratio (as defined in the CAPL Credit Facility) plus a customary credit spread adjustment or (2) (a) an alternative base rate equal to the greatest of (i) the federal funds rate plus 0.5 % per annum, (ii) SOFR for one month interest periods plus 1.00 % per annum or (iii) the rate of interest established by the Agent, from time to time, as its prime rate, plus (b) a margin ranging from 0.75 % to 1.75 % per annum depending on the Partnership’s Consolidated Leverage Ratio. In addition, the Partnership incurs a commitment fee based on the unused portion of the credit facility at a rate ranging from 0.25 % to 0.45 % per annum depending on the Partnership’s Consolidated Leverage Ratio. The Partnership also has the right to borrow swingline loans under the CAPL Credit Facility in an amount up to $ 35.0 million. Swingline loans bear interest at the base rate plus the applicable alternative base rate margin. Letters of credit may be issued under the CAPL Credit Facility up to an aggregate amount of $ 65.0 million. Letters of credit are subject to a 0.125 % fronting fee and other customary administrative charges. Letters of credit accrue a fee at a rate based on the applicable margin of SOFR loans. The CAPL Credit Facility also contains certain financial covenants. The Partnership is required to maintain a Consolidated Leverage Ratio (as defined in the CAPL Credit Facility) of (i) for each fiscal quarter ending March 31, 2023, June 30, 2023, September 30, 2023 and December 31, 2023, not greater than 5.25 to 1.00 , (ii) for each fiscal quarter ending March 31, 2024, June 30, 2024 and September 30, 2024, not greater than 5.00 to 1.00 , and (iii) for each fiscal quarter ending December 31, 2024 and thereafter, not greater than 4.75 to 1.00 . For the quarter during a Specified Acquisition Period (as defined in the CAPL Credit Facility), such threshold will be increased by increasing the numerator thereof by 0.5 , but such numerator may not exceed 5.25 to 1.00 . Upon the occurrence of a Qualified Note Offering (as defined in the CAPL Credit Facility), the Consolidated Leverage Ratio threshold when not in a Specified Acquisition Period is increased to 5.25 to 1.00 , while the Specified Acquisition Period threshold is 5.50 to 1.00 . Upon the occurrence of a Qualified Note Offering, the Partnership is also required to maintain a Consolidated Senior Secured Leverage Ratio (as defined in the CAPL Credit Facility) for the most recently completed four fiscal quarter period of not greater than 3.75 to 1.00 . Such threshold is increased to 4.00 to 1.00 for the quarter during a Specified Acquisition Period. The Partnership is also required to maintain a Consolidated Interest Coverage Ratio (as defined in the CAPL Credit Facility) of at least 2.50 to 1.00. The incremental borrowings at the closing of the amended and restated CAPL Credit Facility were used to repay outstanding borrowings under the JKM Credit Facility, which was terminated on March 31, 2023, and to pay fees and expenses in connection with the CAPL Credit Facility and the termination of the JKM Credit Facility. The CAPL Credit Facility prohibits the Partnership from making cash distributions to its unitholders if any event of default occurs or would result from the distribution. In addition, the CAPL Credit Facility contains various covenants that may limit, among other things, the Partnership’s ability to: • grant liens; • incur or assume other indebtedness; • materially alter the character of the Partnership’s business in any material respect; • enter into certain mergers, liquidations and dissolutions; and • make certain investments, acquisitions or dispositions. If an event of default exists under the CAPL Credit Facility, the lenders will be able to accelerate the maturity of the CAPL Credit Facility and exercise other rights and remedies. Events of default include, among others, the following: • failure to pay any principal under the CAPL Credit Facility when due or any interest, fees or other amounts under the CAPL Credit Facility when due after a grace period; • failure of any representation or warranty to be true and correct in any material respect; • failure to perform or otherwise comply with the covenants in the CAPL Credit Facility or in other loan documents without a waiver or amendment; • any default in the performance of any obligation or condition beyond the applicable grace period relating to any other indebtedness of more than $ 45.0 million; • certain judgment default for monetary judgments exceeding $ 45.0 million; • bankruptcy or insolvency event involving the Partnership or any of its subsidiaries; • certain Employee Retirement Income Security Act of 1974 (ERISA) violations; • a Change of Control (as defined in the CAPL Credit Facility) without a waiver or amendment; and • failure of the lenders for any reason to have a perfected first priority security interest in a material portion of the collateral granted by the Partnership or any of its subsidiaries. Taking the interest rate swap contracts described in Note 8 into account, our effective interest rate on our CAPL Credit Facility at September 30, 2023 was 4.9 % (our applicable margin was 2.00 % as of September 30, 2023). See Note 8 for information regarding additional interest rate swap contracts entered into in April 2023. Letters of credit outstanding at September 30, 2023 and December 31, 2022 totaled $ 4.5 million and $ 4.6 million, respectively. As of September 30, 2023, we were in compliance with our financial covenants under the CAPL Credit Facility. The amount of availability under the CAPL Credit Facility at September 30, 2023, after taking into consideration debt covenant restrictions, was $ 158 million. In connection with amending the CAPL Credit Facility and terminating the JKM Credit Facility, the Partnership wrote off $ 1.1 million of deferred financing costs in the first quarter of 2023.

Interest Rate Swap Contracts

Interest Rate Swap Contracts	9 Months Ended
Interest Rate Swap Contracts	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Interest Rate Swap Contracts	Note 8. INTEREST RATE SWAP CONTRACTS Through March 31, 2023, the interest payments on our CAPL Credit Facility varied based on monthly changes in the one-month LIBOR and changes, if any, in the applicable margin, which is based on our leverage ratio as further discussed in Note 7. To hedge against interest rate volatility on our variable rate borrowings under the CAPL Credit Facility, on March 26, 2020, we entered into an interest rate swap contract. The interest rate swap contract has a notional amount of $ 150 million, a fixed rate of 0.495 % and matures on April 1, 2024 . On April 15, 2020, we entered into two additional interest rate swap contracts, each with notional amounts of $ 75 million, a fixed rate of 0.38 % and that mature on April 1, 2024 . On April 4, 2023, in connection with amending and restating the CAPL Credit Facility and transitioning from LIBOR to SOFR, we also amended our three existing interest rate swap contracts to convert the reference rate from LIBOR to SOFR. As a result, the fixed rate was reduced from 0.495 % to 0.4125 % for the one contract and from 0.38 % to 0.2975 % for the other two contracts. All other critical terms remain the same and so we expect these cash flow hedges to continue to be highly effective. We have applied certain provisions and practical expedients of ASC 848–Reference Rate Reform related to the transition from LIBOR to SOFR achieved with amending and restating the CAPL Credit Facility and with amending our existing interest rate swap contracts. In April 2023, we entered into four additional interest rate swap contracts as summarized below (in thousands): Type Notional Amount Termination Date Fixed Rate Spot starting $ 50,000 March 30, 2028 3.287 % Spot starting 100,000 March 31, 2028 3.287 % Spot starting 50,000 April 8, 2028 3.282 % Forward starting April 1, 2024 100,000 April 1, 2028 2.932 % All of our interest rate swap contracts have been designated as cash flow hedges and are expected to be highly effective. The fair value of these interest rate swap contracts totaled $ 22.0 million and $ 17.2 million at September 30, 2023 and December 31, 2022, respectively. See Note 11 for additional information on the fair value of the interest rate swap contracts. We report the unrealized gains and losses on our interest rate swap contracts designated as highly effective cash flow hedges as a component of other comprehensive income and reclassify such gains and losses into earnings in the same period during which the hedged interest expense is recorded. We recognized a net realized gain from settlements of the interest rate swap contracts of $ 4.7 million and $ 1.4 million for the three months ended September 30, 2023 and 2022 and $ 12.1 million and $ 1.4 million for the nine months ended September 30, 2023 and 2022, respectively. We currently estimate that a gain of $ 12.7 million will be reclassified from accumulated other comprehensive income into interest expense during the next 12 months; however, the actual amount that will be reclassified will vary based on changes in interest rates.

Related-Party Transactions

Related-Party Transactions	9 Months Ended
Related-Party Transactions	Sep. 30, 2023
Related Party Transactions [Abstract]
Related-Party Transactions	Note 9. RELATED-PARTY TRANSACTIONS Wholesale Motor Fuel Sales and Real Estate Rentals Revenues from TopStar, an entity affiliated with the Topper Group, were $ 13.7 million and $ 18.6 million for the three months ended September 30, 2023 and 2022 and $ 38.6 million and $ 58.4 million for the nine months ended September 30, 2023 and 2022, respectively. Accounts receivable from TopStar was $ 0.4 million at September 30, 2023 and $ 0.7 million at December 31, 2022. CrossAmerica leases real estate from the Topper Group. Rent expense under these lease agreements was $ 2.6 million for each of the three months ended September 30, 2023 and 2022 and $ 7.8 million and $ 7.5 million for the nine months ended September 30, 2023 and 2022, respectively. Omnibus Agreement We incurred expenses under the Omnibus Agreement, including costs for store level personnel at our company operated sites, totaling $ 26.0 million and $ 22.4 million for the three months ended September 30, 2023 and 2022 and $ 73.6 million and $ 62.9 million for the nine months ended September 30, 2023 and 2022, respectively. Such expenses are included in operating expenses and general and administrative expenses in the statements of operations. Amounts payable to the Topper Group related to expenses incurred by the Topper Group on our behalf in accordance with the Omnibus Agreement totaled $ 8.3 million and $ 6.1 million at September 30, 2023 and December 31, 2022, respectively. Common Unit Distributions and Other Equity Transactions We distributed $ 7.7 million to the Topper Group related to its ownership of our common units during each of the three months ended September 30, 2023 and 2022 and $ 23.1 million and $ 23.0 million for the nine months ended September 30, 2023 and 2022, respectively. We distributed $ 2.6 million to affiliates of John B. Reilly, III related to their ownership of our common units during each of the three months ended September 30, 2023 and 2022 and $ 7.9 million for each of the nine months ended September 30, 2023 and 2022. We recorded accretion on the preferred membership interests issued in March 2022 to related parties of $ 0.6 million for each of the three months ended September 30, 2023 and 2022 and $ 1.8 million and $ 1.1 million for the nine months ended September 30, 2023 and 2022, respectively. We paid income tax distributions related to the preferred membership interests totaling $ 0.8 million and $ 0.9 million for the three and nine months ended September 30, 2023, respectively. Maintenance and Environmental Costs Certain maintenance and environmental remediation activities are performed by an entity affiliated with the Topper Group, as approved by the independent conflicts committee of the Board. We incurred charges with this related party of $ 0.7 million for each of the three months ended September 30, 2023 and 2022 and $ 2.0 million and $ 1.6 million for the nine months ended September 30, 2023 and 2022, respectively. Accounts payable to this related party amounted to $ 0.2 million and $ 0.3 million at September 30, 2023 and December 31, 2022, respectively. Convenience Store Products We purchase certain convenience store products from an affiliate of John B. Reilly, III and Joseph V. Topper, Jr., members of the Board, as approved by the independent conflicts committee of the Board. Merchandise costs amounted to $ 5.5 million and $ 6.2 million for the three months ended September 30, 2023 and 2022 and $ 15.6 million and $ 16.1 million for the nine months ended September 30, 2023 and 2022, respectively. Amounts payable to this related party amounted to $ 1.6 million and $ 1.4 million at September 30, 2023 and December 31, 2022, respectively. Vehicle Lease In connection with the services rendered under the Omnibus Agreement, we lease certain vehicles from an entity affiliated with the Topper Group, as approved by the independent conflicts committee of the Board. Lease expense was an insignificant amount for each of the three months ended September 30, 2023 and 2022 and $ 0.1 million for each of the nine months ended September 30, 2023 and 2022. Principal Executive Offices Our principal executive offices are in Allentown, Pennsylvania. We lease office space from an affiliate of John B. Reilly, III and Joseph V. Topper, Jr., members of our Board, as approved by the independent conflicts committee of the Board. Rent expense amounted to $ 0.2 million and $ 0.3 million for the three months ended September 30, 2023 and 2022 and $ 0.7 million for each of the nine months ended September 30, 2023 and 2022. Public Relations and Website Consulting Services We have engaged a company affiliated with John B. Reilly, III, member of the Board, for public relations and website consulting services. The cost of these services was insignificant for the three and nine months ended September 30, 2023 and 2022.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10. COMMITMENTS AND CONTINGENCIES Purchase Commitments We have minimum volume purchase requirements under certain of our fuel supply agreements with a purchase price at prevailing market rates for wholesale distribution. In the event we fail to purchase the required minimum volume for a given contractual period, the underlying third party’s exclusive remedies (depending on the magnitude of the failure) are either termination of the supply agreement and/or a financial penalty per gallon based on the volume shortfall for the given year. We did not incur any significant penalties during the nine months ended September 30, 2023 or 2022. Litigation Matters We are from time to time party to various lawsuits, claims and other legal proceedings that arise in the ordinary course of business. These actions typically seek, among other things, compensation for alleged personal injury, breach of contract, property damages, environmental damages, employment-related claims and damages, punitive damages, civil penalties or other losses, or injunctive or declaratory relief. With respect to all such lawsuits, claims and proceedings, we record an accrual when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. In addition, we disclose matters for which management believes a material loss is at least reasonably possible. We believe that it is not reasonably possible that these proceedings, separately or in the aggregate, will have a material adverse effect on our consolidated financial position, results of operations or cash flows. In all instances, management has assessed the matter based on current information and made a judgment concerning its potential outcome, giving due consideration to the nature of the claim, the amount and nature of damages sought and the probability of success. Management’s judgment may prove materially inaccurate, and such judgment is made subject to the known uncertainties of litigation. Environmental Matters We currently own or lease sites where refined petroleum products are being or have been handled. These sites and the refined petroleum products handled thereon may be subject to federal and state environmental laws and regulations. Under such laws and regulations, we could be required to remove or remediate containerized hazardous liquids or associated generated wastes (including wastes disposed of or abandoned by prior owners or operators), to remediate contaminated property arising from the release of liquids or wastes into the environment, including contaminated groundwater, or to implement best management practices to prevent future contamination. We maintain insurance of various types with varying levels of coverage that is considered adequate under the circumstances to cover operations and properties. The insurance policies are subject to deductibles that are considered reasonable and not excessive. In addition, we have entered into indemnification and escrow agreements with various sellers in conjunction with several of their respective acquisitions, as further described below. Financial responsibility for environmental remediation is negotiated in connection with each acquisition transaction. In each case, an assessment is made of potential environmental liability exposure based on available information. Based on that assessment and relevant economic and risk factors, a determination is made whether to, and the extent to which we will, assume liability for existing environmental conditions. Environmental liabilities recorded on the balance sheet within accrued expenses and other current liabilities and other long-term liabilities totaled $ 7.3 million and $ 7.5 million at September 30, 2023 and December 31, 2022, respectively. Indemnification assets related to third-party escrow funds, state funds or insurance recorded on the balance sheet within other current assets and other noncurrent assets totaled $ 5.1 million and $ 5.2 million at September 30, 2023 and December 31, 2022, respectively. State funds represent probable state reimbursement amounts. Reimbursement will depend upon the continued maintenance and solvency of the state. Insurance coverage represents amounts deemed probable of reimbursement under insurance policies. The estimates used in these reserves are based on all known facts at the time and an assessment of the ultimate remedial action outcomes. We will adjust loss accruals as further information becomes available or circumstances change. Among the many uncertainties that impact the estimates are the necessary regulatory approvals for, and potential modifications of, remediation plans, the amount of data available upon initial assessment of the impact of soil or water contamination, changes in costs associated with environmental remediation services and equipment and the possibility of existing legal claims giving rise to additional claims. Environmental liabilities related to the sites contributed to the Partnership in connection with our IPO have not been assigned to us and are still the responsibility of the Predecessor Entity. The Predecessor Entity indemnified us for any costs or expenses that we incur for environmental liabilities and third-party claims, regardless of when a claim is made, that are based on environmental conditions in existence prior to the closing of the IPO for contributed sites. As such, these environmental liabilities and indemnification assets are not recorded on the balance sheet of the Partnership. Similarly, we have generally been indemnified with respect to known contamination at sites acquired from third parties. As such, these environmental liabilities and indemnification assets are also not recorded on the balance sheet of the Partnership.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 11. FAIR VALUE MEASUREMENTS We measure and report certain financial and non-financial assets and liabilities on a fair value basis. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). U.S. GAAP specifies a three-level hierarchy that is used when measuring and disclosing fair value. The fair value hierarchy gives the highest priority to quoted prices available in active markets (i.e., observable inputs) and the lowest priority to data lacking transparency (i.e., unobservable inputs). An instrument’s categorization within the fair value hierarchy is based on the lowest level of significant input to its valuation. Transfers into or out of any hierarchy level are recognized at the end of the reporting period in which the transfers occurred. There were no transfers between any levels in 2023 or 2022. As further discussed in Note 8, we remeasure the fair value of interest rate swap contracts on a recurring basis each balance sheet date. We used an income approach to measure the fair value of these contracts, utilizing a forward yield curve for the same period as the future interest rate swap settlements. These fair value measurements are classified as Level 2 measurements. We have accrued for unvested phantom units and phantom performance units as a liability and adjust that liability on a recurring basis based on the market price of our common units each balance sheet date. These fair value measurements are deemed Level 1 measurements. The fair value of our accounts receivable, notes receivable, and accounts payable approximated their carrying values as of September 30, 2023 and December 31, 2022 due to the short-term maturity of these instruments. The fair value of borrowings under the CAPL Credit Facility approximated its carrying value as of September 30, 2023 and December 31, 2022 due to the frequency with which interest rates are reset and the consistency of the market spread.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 12. INCOME TAXES As a limited partnership, we are not subject to federal and state income taxes. However, our corporate subsidiaries are subject to income taxes. Income tax attributable to our taxable income (including any dividend income from our corporate subsidiaries), which may differ significantly from income for financial statement purposes, is assessed at the individual limited partner unitholder level. We are subject to a statutory requirement that non-qualifying income, as defined by the Internal Revenue Code, cannot exceed 10 % of total gross income for the calendar year. If non-qualifying income exceeds this statutory limit, we would be taxed as a corporation. The non-qualifying income did not exceed the statutory limit in any annual period. Certain activities that generate non-qualifying income are conducted through our wholly owned taxable corporate subsidiaries. Current and deferred income taxes are recognized on the earnings of these subsidiaries. Deferred income tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and are measured using enacted tax rates. We recorded income tax expense of $ 1.5 million and $ 3.8 million for the three months ended September 30, 2023 and 2022 and $ 2.6 million and $ 1.8 million for the nine months ended September 30, 2023 and 2022, respectively, as a result of the income generated (losses incurred) by our corporate subsidiaries. The effective tax rate differs from the combined federal and state statutory rate primarily because only LGWS and Joe’s Kwik Marts are subject to income tax.

Net Income Per Limited Partner

Net Income Per Limited Partner Unit	9 Months Ended
Net Income Per Limited Partner Unit	Sep. 30, 2023
Earnings Per Share [Abstract]
Net Income Per Limited Partner Unit	Note 13. NET INCOME PER LIMITED PARTNER UNIT We compute income per unit using the two-class method under which any excess of distributions declared over net income shall be allocated to the partners based on their respective sharing of income as specified in the Partnership Agreement. Net income per unit applicable to limited partners is computed by dividing the limited partners’ interest in net income by the weighted-average number of outstanding common units. We applied the if-converted method to the preferred membership interests in accordance with Accounting Standards Update No. 2020-06 for purposes of computing diluted earnings per unit. The following table provides a reconciliation of net income and weighted-average units used in computing basic and diluted net income per limited partner unit for the following periods (in thousands, except unit and per unit amounts): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator: Distributions paid on common units $ 19,934 $ 19,913 $ 59,777 $ 59,713 Allocation of distributions in excess of net income ( 8,271 ) 7,105 ( 35,773 ) ( 14,245 ) Limited partners’ interest in net income - basic 11,663 27,018 24,004 45,468 Accretion of preferred membership interests — 575 — — Limited partners’ interest in net income - diluted $ 11,663 $ 27,593 $ 24,004 $ 45,468 Denominator: Weighted-average common units outstanding - basic 37,966,474 37,925,082 37,953,348 37,912,737 Adjustment for phantom and phantom performance units (a) 172,784 35,809 173,044 37,625 Adjustment for preferred membership interests (a) — 1,076,769 — — Weighted-average common units outstanding - diluted 38,139,258 39,037,660 38,126,392 37,950,362 Net income per common unit - basic $ 0.31 $ 0.71 $ 0.63 $ 1.20 Net income per common unit - diluted $ 0.31 $ 0.71 $ 0.63 $ 1.20 Distributions paid per common unit $ 0.5250 $ 0.5250 $ 1.5750 $ 1.5750 Distributions declared (with respect to each respective period) $ 0.5250 $ 0.5250 $ 1.5750 $ 1.5750 (a) For the three and nine months ended September 30, 2023, 1,176,998 potentially dilutive units related to the preferred membership interests were excluded from the calculation of diluted earnings per unit because including them would have been antidilutive. For the nine months ended September 30, 2022, 729,679 potentially dilutive units related to the preferred membership interests were excluded from the calculation of diluted earnings per unit because including them would have been antidilutive. For the three months ended September 30, 2022, dilutive units related to the preferred membership interests were included in the denominator of the calculation of diluted earnings per unit. Similarly, the accretion of the preferred membership interests was added back in the numerator of the calculation as if the preferred membership interests had been converted to common units at the beginning of the period, in which case no accretion would have been recorded. Distributions Distribution activity for 2023 is as follows: Quarter Ended Record Date Payment Date Cash Cash December 31, 2022 February 3, 2023 February 10, 2023 $ 0.5250 $ 19,918 March 31, 2023 May 3, 2023 May 10, 2023 0.5250 19,925 June 30, 2023 August 4, 2023 August 11, 2023 0.5250 19,934 September 30, 2023 November 3, 2023 November 10, 2023 0.5250 19,935 The amount of any distribution is subject to the discretion of the Board, which may modify or revoke our cash distribution policy at any time. Our Partnership Agreement does not require us to pay any distributions. As such, there can be no assurance we will continue to pay distributions in the future.

Segment Reporting

Segment Reporting	9 Months Ended
Segment Reporting	Sep. 30, 2023
Segment Reporting [Abstract]
Segment Reporting	Note 14. SEGMENT REPORTING We conduct our business in two segments: 1) the wholesale segment and 2) the retail segment. The wholesale segment includes the wholesale distribution of motor fuel to lessee dealers and independent dealers. We have exclusive motor fuel distribution contracts with lessee dealers who lease the property from us. We also have exclusive distribution contracts with independent dealers to distribute motor fuel but do not collect rent from the independent dealers. The retail segment includes the retail sale of motor fuel at retail sites operated by commission agents and the sale of convenience merchandise items and the retail sale of motor fuel at company operated sites. A commission agent site is a retail site where we retain title to the motor fuel inventory and sell it directly to our end user customers. At commission agent retail sites, we manage motor fuel inventory pricing and retain the gross profit on motor fuel sales, less a commission to the agent who operates the retail site. Similar to our wholesale segment, we also generate revenues through leasing or subleasing real estate in our retail segment. Unallocated items consist primarily of general and administrative expenses, depreciation, amortization and accretion expense, gains on dispositions and lease terminations, net, other income, interest expense and income tax expense. Total assets by segment are not presented as management does not currently assess performance or allocate resources based on that data. During the fourth quarter of 2022, we changed our segment reporting to our chief operating decision maker to simplify the assessment of performance of our segments. Prior to the fourth quarter, the wholesale segment included the wholesale fuel gross profit on intersegment sales by our wholesale segment to our retail segment. Likewise, the wholesale segment included an allocation of operating expenses related to the operation of our sites consistent with the allocation of the overall fuel gross profit. Starting in the fourth quarter of 2022, the wholesale segment includes only the fuel gross profit on sales to lessee dealers and independent dealers and the retail segment includes the entire fuel gross profit on sales at our company operated and commission agent sites. Likewise, operating expenses are allocated to each segment based on estimates of the level of effort expended on our 1) lessee and independent dealer business in our wholesale segment; and 2) company operated and commission agent site business in our retail segment. This change simplifies the assessment of performance of our segments and eliminates the intersegment sales inherent in our prior segment reporting. We have recast the results of our segments for the three and nine months ended September 30, 2022 to be consistent with our new segment reporting. During the three and nine months ended September 30, 2023, respectively, we converted one and 35 sites from lessee dealer and independent dealer sites in the wholesale segment to company operated sites in the retail segment. The following table reflects activity related to our reportable segments (in thousands): Wholesale Retail Unallocated Consolidated Three Months Ended September 30, 2023 Revenues from fuel sales to external customers $ 616,470 $ 479,192 $ — $ 1,095,662 Revenues from food and merchandise sales — 88,681 — 88,681 Rent income 17,221 2,916 — 20,137 Other revenue 1,642 3,901 — 5,543 Total revenues $ 635,333 $ 574,690 $ — $ 1,210,023 Operating income (loss) $ 23,381 $ 26,450 $ ( 25,686 ) $ 24,145 Three Months Ended September 30, 2022 Revenues from fuel sales to external customers $ 653,905 $ 518,356 $ — $ 1,172,261 Revenues from food and merchandise sales — 76,136 — 76,136 Rent income 18,134 3,126 — 21,260 Other revenue 1,657 3,093 — 4,750 Total revenues $ 673,696 $ 600,711 $ — $ 1,274,407 Operating income (loss) $ 24,046 $ 43,839 $ ( 28,246 ) $ 39,639 Nine Months Ended September 30, 2023 Revenues from fuel sales to external customers $ 1,719,330 $ 1,337,453 $ — $ 3,056,783 Revenues from food and merchandise sales — 237,613 — 237,613 Rent income 52,556 9,424 — 61,980 Other revenue 4,053 11,149 — 15,202 Total revenues $ 1,775,939 $ 1,595,639 $ — $ 3,371,578 Operating income (loss) $ 66,825 $ 67,368 $ ( 73,085 ) $ 61,108 Nine Months Ended September 30, 2022 Revenues from fuel sales to external customers $ 2,032,950 $ 1,519,923 $ — $ 3,552,873 Revenues from food and merchandise sales — 212,417 — 212,417 Rent income 53,450 9,286 — 62,736 Other revenue 5,250 9,375 — 14,625 Total revenues $ 2,091,650 $ 1,751,001 $ — $ 3,842,651 Operating income (loss) $ 69,797 $ 81,538 $ ( 80,905 ) $ 70,430 Receivables relating to the revenue streams above are as follows (in thousands): September 30, December 31, 2023 2022 Receivables from fuel and merchandise sales $ 36,501 $ 28,959 Receivables for rent and other lease-related charges 2,679 2,609 Total accounts receivable $ 39,180 $ 31,568 Performance obligations are satisfied as fuel is delivered to the customer and as merchandise is sold to the consumer. Many of our fuel contracts with our customers include minimum purchase volumes measured on a monthly basis, although revenue from such shortfalls is not material. Receivables from fuel are recognized on a per-gallon rate and are generally collected within 10 days of delivery. The balance of unamortized costs incurred to obtain certain contracts with customers was $ 10.4 million and $ 10.9 million at September 30, 2023 and December 31, 2022, respectively. Amortization of such costs is recorded against operating revenues and amounted to $ 0.5 million for each of the three months ended September 30, 2023 and 2022 and $ 1.4 million and $ 1.3 million for the nine months ended September 30, 2023 and 2022, respectively. Receivables from rent and other lease-related charges are generally collected at the beginning of the month.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
Supplemental Cash Flow Information	Sep. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Note 15. SUPPLEMENTAL CASH FLOW INFORMATION In order to determine net cash provided by operating activities, net income is adjusted by, among other things, changes in operating assets and liabilities as follows (in thousands): Nine Months Ended September 30, 2023 2022 (Increase) decrease: Accounts receivable $ ( 7,555 ) $ ( 1,844 ) Accounts receivable from related parties 298 286 Inventories ( 6,302 ) ( 891 ) Other current assets ( 4,290 ) 3,066 Other assets ( 98 ) ( 1,785 ) Increase (decrease): Accounts payable 2,776 12,528 Accounts payable to related parties 2,226 739 Accrued expenses and other current liabilities 3,358 1,654 Motor fuel and sales taxes payable 374 ( 1,805 ) Other long-term liabilities 3,287 2,640 Changes in operating assets and liabilities, net of acquisitions $ ( 5,926 ) $ 14,588 The above changes in operating assets and liabilities may differ from changes between amounts reflected in the applicable balance sheets for the respective periods due to acquisitions. Supplemental disclosure of cash flow information (in thousands): Nine Months Ended September 30, 2023 2022 Cash paid for interest $ 30,073 $ 20,092 Cash paid (refunded) for income taxes, net 2,119 ( 3,934 ) Supplemental schedule of non-cash investing and financing activities (in thousands): Nine Months Ended September 30, 2023 2022 Accrued capital expenditures $ 641 $ 1,304 Lease liabilities arising from obtaining right-of-use assets 8,862 12,602 Accretion of preferred membership interests 1,845 1,138

Description of Business and O_2

Description of Business and Other Disclosures (Policies)	9 Months Ended
Description of Business and Other Disclosures (Policies)	Sep. 30, 2023
Accounting Policies [Abstract]
Interim Financial Statement	Interim Financial Statements These unaudited condensed consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and with the instructions to Form 10-Q and the Exchange Act. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are of a normal recurring nature unless disclosed otherwise. Management believes that the disclosures made are adequate to keep the information presented from being misleading. The financial statements contained herein should be read in conjunction with the consolidated financial statements and notes thereto included in our Form 10-K. Financial information as of September 30, 2023 and for the three and nine months ended September 30, 2023 and 2022 included in the consolidated financial statements has been derived from our unaudited financial statements. Financial information as of December 31, 2022 has been derived from our audited financial statements and notes thereto as of that date. Operating results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. Our business exhibits seasonality due to our wholesale and retail sites being located in certain geographic areas that are affected by seasonal weather and temperature trends and associated changes in retail customer activity during different seasons. Historically, sales volumes have been highest in the second and third quarters (during the summer activity months) and lowest during the winter months in the first and fourth quarters.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results and outcomes could differ from those estimates and assumptions. On an ongoing basis, management reviews its estimates based on currently available information. Changes in facts and circumstances could result in revised estimates and assumptions.
Recently Adopted Accounting Pronouncements-Reference Rate Reform	Recently Adopted Accounting Pronouncements – Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met to ease an entity’s financial reporting burden as the market transitions from LIBOR and other interbank offered rates to alternative reference rates. Subsequently, the FASB issued ASU 2021-01 to clarify the scope of Topic 848 and ASU 2022-06 to defer the sunset date of Topic 848. The guidance was effective upon issuance and may be applied through December 31, 2024. This guidance applied to our hedge accounting and hedge documentation as further discussed in Note 8, but did not have a material effect on the Partnership's consolidated financial statements. Certain other new accounting pronouncements have become effective for our financial statements during 2023, but the adoption of these pronouncements did not materially impact our financial position, results of operations or disclosures.
Concentration Risk	Concentration Risk For the nine months ended September 30, 2023 and 2022, respectively, our wholesale business purchased approximately 80 % and 81 % of its motor fuel from four suppliers. Approximately 23 % of our motor fuel gallons sold for each of the nine months ended September 30, 2023 and 2022, were delivered by two carriers. For the nine months ended September 30, 2023 and 2022, respectively, approximately 18 % and 20 % of our rent income was from two multi-site operators. For the nine months ended September 30, 2023 and 2022, respectively, approximately 47 % and 49 % of our merchandise was purchased from one supplier.

Assets Held for Sale (Tables)

Assets Held for Sale (Tables)	9 Months Ended
Assets Held for Sale (Tables)	Sep. 30, 2023
Property, Plant and Equipment Assets Held-for-Sale Disclosure [Abstract]
Assets Held for Sale	We have classified four sites and three sites as held for sale at September 30, 2023 and December 31, 2022, respectively, which are expected to be sold within one year of such classification. Assets held for sale were as follows (in thousands): September 30, December 31, 2023 2022 Land $ 798 $ 758 Buildings and site improvements 713 457 Equipment 1,077 333 Total 2,588 1,548 Less accumulated depreciation ( 1,453 ) ( 565 ) Assets held for sale $ 1,135 $ 983

Inventories (Tables)

Inventories (Tables)	9 Months Ended
Inventories (Tables)	Sep. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventory consisted of the following (in thousands): September 30, December 31, 2023 2022 Retail site merchandise $ 26,743 $ 22,654 Motor fuel 26,866 24,653 Inventory $ 53,609 $ 47,307 See Note 14 for information regarding the conversion of lessee dealer sites to company operated sites, which caused a significant portion of the increase in retail site merchandise.

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
Property and Equipment (Tables)	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment, net consisted of the following (in thousands): September 30, December 31, 2023 2022 Land $ 324,816 $ 323,882 Buildings and site improvements 362,515 360,542 Leasehold improvements 16,231 15,312 Equipment 343,716 334,324 Construction in progress 9,530 6,514 Property and equipment, at cost 1,056,808 1,040,574 Accumulated depreciation and amortization ( 350,399 ) ( 312,195 ) Property and equipment, net $ 706,409 $ 728,379

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
Intangible Assets (Tables)	Sep. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Intangible Assets	Intangible assets consisted of the following (in thousands): September 30, 2023 December 31, 2022 Gross Accumulated Net Gross Accumulated Net Wholesale fuel supply contracts/rights $ 232,932 $ 135,825 $ 97,107 $ 232,932 $ 120,168 $ 112,764 Trademarks/licenses 2,078 734 1,344 2,208 1,250 958 Covenant not to compete 200 33 167 650 453 197 Total intangible assets $ 235,210 $ 136,592 $ 98,618 $ 235,790 $ 121,871 $ 113,919

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Sep. 30, 2023
Debt Disclosure [Abstract]
Summary of Balances for Long-term Debt and Finance Lease Obligations	Our balances for long-term debt and finance lease obligations were as follows (in thousands): September 30, December 31, 2023 2022 CAPL Credit Facility $ 762,500 $ 606,137 JKM Credit Facility — 158,980 Finance lease obligations 11,804 13,954 Total debt and finance lease obligations 774,304 779,071 Current portion 3,034 11,151 Noncurrent portion 771,270 767,920 Deferred financing costs, net 10,582 6,282 Noncurrent portion, net of deferred financing costs $ 760,688 $ 761,638
Schedule of Debt and Future Minimum Lease Payments on Finance Lease Obligations	As of September 30, 2023, future principal payments on debt and future minimum rental payments on finance lease obligations were as follows (in thousands): Debt Finance Lease Obligations Total Remaining in 2023 $ — $ 833 $ 833 2024 — 3,396 3,396 2025 — 3,495 3,495 2026 — 3,596 3,596 2027 — 1,210 1,210 2028 762,500 — 762,500 Total future payments 762,500 12,530 775,030 Less impact of discounting — 726 726 762,500 11,804 774,304 Current portion — 3,034 3,034 Long-term portion $ 762,500 $ 8,770 $ 771,270

Interest Rate Swap Contracts (T

Interest Rate Swap Contracts (Tables)	9 Months Ended
Interest Rate Swap Contracts (Tables)	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Interest Rate Swap Contracts	In April 2023, we entered into four additional interest rate swap contracts as summarized below (in thousands): Type Notional Amount Termination Date Fixed Rate Spot starting $ 50,000 March 30, 2028 3.287 % Spot starting 100,000 March 31, 2028 3.287 % Spot starting 50,000 April 8, 2028 3.282 % Forward starting April 1, 2024 100,000 April 1, 2028 2.932 %

Net Income per Limited Partners

Net Income per Limited Partnership Unit (Tables)	9 Months Ended
Net Income per Limited Partnership Unit (Tables)	Sep. 30, 2023
Earnings Per Share [Abstract]
Reconciliation of Net Income and Weighted-Average Units Used in Computing Basic and Diluted Net Income Per Limited Partner Unit	The following table provides a reconciliation of net income and weighted-average units used in computing basic and diluted net income per limited partner unit for the following periods (in thousands, except unit and per unit amounts): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator: Distributions paid on common units $ 19,934 $ 19,913 $ 59,777 $ 59,713 Allocation of distributions in excess of net income ( 8,271 ) 7,105 ( 35,773 ) ( 14,245 ) Limited partners’ interest in net income - basic 11,663 27,018 24,004 45,468 Accretion of preferred membership interests — 575 — — Limited partners’ interest in net income - diluted $ 11,663 $ 27,593 $ 24,004 $ 45,468 Denominator: Weighted-average common units outstanding - basic 37,966,474 37,925,082 37,953,348 37,912,737 Adjustment for phantom and phantom performance units (a) 172,784 35,809 173,044 37,625 Adjustment for preferred membership interests (a) — 1,076,769 — — Weighted-average common units outstanding - diluted 38,139,258 39,037,660 38,126,392 37,950,362 Net income per common unit - basic $ 0.31 $ 0.71 $ 0.63 $ 1.20 Net income per common unit - diluted $ 0.31 $ 0.71 $ 0.63 $ 1.20 Distributions paid per common unit $ 0.5250 $ 0.5250 $ 1.5750 $ 1.5750 Distributions declared (with respect to each respective period) $ 0.5250 $ 0.5250 $ 1.5750 $ 1.5750 (a) For the three and nine months ended September 30, 2023, 1,176,998 potentially dilutive units related to the preferred membership interests were excluded from the calculation of diluted earnings per unit because including them would have been antidilutive. For the nine months ended September 30, 2022, 729,679 potentially dilutive units related to the preferred membership interests were excluded from the calculation of diluted earnings per unit because including them would have been antidilutive. For the three months ended September 30, 2022, dilutive units related to the preferred membership interests were included in the denominator of the calculation of diluted earnings per unit. Similarly, the accretion of the preferred membership interests was added back in the numerator of the calculation as if the preferred membership interests had been converted to common units at the beginning of the period, in which case no accretion would have been recorded.
Distributions Made to Limited Partner, by Distribution	Distribution activity for 2023 is as follows: Quarter Ended Record Date Payment Date Cash Cash December 31, 2022 February 3, 2023 February 10, 2023 $ 0.5250 $ 19,918 March 31, 2023 May 3, 2023 May 10, 2023 0.5250 19,925 June 30, 2023 August 4, 2023 August 11, 2023 0.5250 19,934 September 30, 2023 November 3, 2023 November 10, 2023 0.5250 19,935

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
Segment Reporting (Tables)	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Reportable Segments	The following table reflects activity related to our reportable segments (in thousands): Wholesale Retail Unallocated Consolidated Three Months Ended September 30, 2023 Revenues from fuel sales to external customers $ 616,470 $ 479,192 $ — $ 1,095,662 Revenues from food and merchandise sales — 88,681 — 88,681 Rent income 17,221 2,916 — 20,137 Other revenue 1,642 3,901 — 5,543 Total revenues $ 635,333 $ 574,690 $ — $ 1,210,023 Operating income (loss) $ 23,381 $ 26,450 $ ( 25,686 ) $ 24,145 Three Months Ended September 30, 2022 Revenues from fuel sales to external customers $ 653,905 $ 518,356 $ — $ 1,172,261 Revenues from food and merchandise sales — 76,136 — 76,136 Rent income 18,134 3,126 — 21,260 Other revenue 1,657 3,093 — 4,750 Total revenues $ 673,696 $ 600,711 $ — $ 1,274,407 Operating income (loss) $ 24,046 $ 43,839 $ ( 28,246 ) $ 39,639 Nine Months Ended September 30, 2023 Revenues from fuel sales to external customers $ 1,719,330 $ 1,337,453 $ — $ 3,056,783 Revenues from food and merchandise sales — 237,613 — 237,613 Rent income 52,556 9,424 — 61,980 Other revenue 4,053 11,149 — 15,202 Total revenues $ 1,775,939 $ 1,595,639 $ — $ 3,371,578 Operating income (loss) $ 66,825 $ 67,368 $ ( 73,085 ) $ 61,108 Nine Months Ended September 30, 2022 Revenues from fuel sales to external customers $ 2,032,950 $ 1,519,923 $ — $ 3,552,873 Revenues from food and merchandise sales — 212,417 — 212,417 Rent income 53,450 9,286 — 62,736 Other revenue 5,250 9,375 — 14,625 Total revenues $ 2,091,650 $ 1,751,001 $ — $ 3,842,651 Operating income (loss) $ 69,797 $ 81,538 $ ( 80,905 ) $ 70,430
Summary of Receivables Relating to Revenue Streams	Receivables relating to the revenue streams above are as follows (in thousands): September 30, December 31, 2023 2022 Receivables from fuel and merchandise sales $ 36,501 $ 28,959 Receivables for rent and other lease-related charges 2,679 2,609 Total accounts receivable $ 39,180 $ 31,568

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
Supplemental Cash Flow Information (Tables)	Sep. 30, 2023
Schedule Of Supplemental Cash Flow [Line Items]
Cash Flow, Operating Capital	In order to determine net cash provided by operating activities, net income is adjusted by, among other things, changes in operating assets and liabilities as follows (in thousands): Nine Months Ended September 30, 2023 2022 (Increase) decrease: Accounts receivable $ ( 7,555 ) $ ( 1,844 ) Accounts receivable from related parties 298 286 Inventories ( 6,302 ) ( 891 ) Other current assets ( 4,290 ) 3,066 Other assets ( 98 ) ( 1,785 ) Increase (decrease): Accounts payable 2,776 12,528 Accounts payable to related parties 2,226 739 Accrued expenses and other current liabilities 3,358 1,654 Motor fuel and sales taxes payable 374 ( 1,805 ) Other long-term liabilities 3,287 2,640 Changes in operating assets and liabilities, net of acquisitions $ ( 5,926 ) $ 14,588
Schedule of Supplemental Cash Flow Information	Supplemental disclosure of cash flow information (in thousands): Nine Months Ended September 30, 2023 2022 Cash paid for interest $ 30,073 $ 20,092 Cash paid (refunded) for income taxes, net 2,119 ( 3,934 )
Non-cash Activities
Schedule Of Supplemental Cash Flow [Line Items]
Schedule of Supplemental Cash Flow Information	Supplemental schedule of non-cash investing and financing activities (in thousands): Nine Months Ended September 30, 2023 2022 Accrued capital expenditures $ 641 $ 1,304 Lease liabilities arising from obtaining right-of-use assets 8,862 12,602 Accretion of preferred membership interests 1,845 1,138

Description of Business and O_3

Description of Business and Other Disclosures - Additional Information (Details)	9 Months Ended
	Sep. 30, 2023 Carriers Operators Supplier	Sep. 30, 2022
Motor Fuel Gallons [Member]
Concentration Risk [Line Items]
Percentage of product sold, delivered by two carrier	23%
Number of motor fuel carriers \| Carriers	2
Rental Income [Member] \| Revenue Benchmark \| Multi Site Operator [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	18%	20%
Number of multi-site operators \| Operators	2
Supplier Concentration Risk [Member] \| Purchases Net [Member] \| Four Supplier [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	80%	81%
Number of motor fuel suppliers	4
Supplier Concentration Risk [Member] \| Purchases Net [Member] \| Supplier [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	47%	49%
Number of Supplier	1

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) $ in Millions			1 Months Ended
	Feb. 08, 2027 USD ($)	Nov. 09, 2022 USD ($) Location	Feb. 28, 2022 USD ($)
7 Eleven, Inc. [Member] \| Asset Purchase Agreement [Member]
Business Acquisition [Line Items]
Aggregate purchase price \| $			$ 3.6
7 Eleven, Inc. [Member] \| Asset Purchase Agreement [Member] \| Forecast [Member]
Business Acquisition [Line Items]
Aggregate purchase price \| $	$ 1.8
Community Service Stations Inc [Member]
Business Acquisition [Line Items]
Aggregate purchase price \| $		$ 27.5
Number of dealer owned locations		38
Number sub-wholesaler accounts Locations		35
Number of Commission Locations		1
Lease Location [Member] \| Community Service Stations Inc [Member]
Business Acquisition [Line Items]
Number of Commission Locations		1

Acquisitions - Summary of Purch

Acquisitions - Summary of Purchase of Properties and Adjustments to Previous Purchase Accounting (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill	$ (99,409)	$ (99,409)

Assets Held for Sale - Addition

Assets Held for Sale - Additional Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) Property Store	Sep. 30, 2022 USD ($) Property	Sep. 30, 2023 USD ($) Property Store	Sep. 30, 2022 USD ($) Property	Dec. 31, 2022 Store
Long Lived Assets Held-for-sale [Line Items]
Number of properties sold \| Property	1	1	8	10
Escrow deposit related to property sale			$ 3,600
Proceeds from sale of properties	$ 100	$ 200	8,300	$ 4,000
Gain on sales of assets, net	$ 287	$ (318)	5,220	(620)
Gain on sale of properties			$ 6,300	$ 900
Assets Held-for-sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Number of Stores \| Store	3		3		3

Assets Held for Sale - Schedule

Assets Held for Sale - Schedule of Assets Held for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Long Lived Assets Held-for-sale [Line Items]
Property and equipment, gross	$ 1,056,808	$ 1,040,574
Less accumulated depreciation	(350,399)	(312,195)
Assets held for sale	706,409	728,379
Land [Member]
Long Lived Assets Held-for-sale [Line Items]
Property and equipment, gross	324,816	323,882
Buildings and Site Improvements [Member]
Long Lived Assets Held-for-sale [Line Items]
Property and equipment, gross	362,515	360,542
Equipment [Member]
Long Lived Assets Held-for-sale [Line Items]
Property and equipment, gross	343,716	334,324
Assets Held-for-sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Property and equipment, gross	2,588	1,548
Less accumulated depreciation	(1,453)	(565)
Assets held for sale	1,135	983
Assets Held-for-sale [Member] \| Land [Member]
Long Lived Assets Held-for-sale [Line Items]
Property and equipment, gross	798	758
Assets Held-for-sale [Member] \| Buildings and Site Improvements [Member]
Long Lived Assets Held-for-sale [Line Items]
Property and equipment, gross	713	457
Assets Held-for-sale [Member] \| Equipment [Member]
Long Lived Assets Held-for-sale [Line Items]
Property and equipment, gross	$ 1,077	$ 333

Inventories - Schedule of Inven

Inventories - Schedule of Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Retail site merchandise	$ 26,743	$ 22,654
Motor fuel	26,866	24,653
Inventory	$ 53,609	$ 47,307

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Property Plant And Equipment [Line Items]
Property and equipment, at cost	$ 1,056,808	$ 1,040,574
Less accumulated depreciation	(350,399)	(312,195)
Assets held for sale	706,409	728,379
Land [Member]
Property Plant And Equipment [Line Items]
Property and equipment, at cost	324,816	323,882
Buildings and Site Improvements [Member]
Property Plant And Equipment [Line Items]
Property and equipment, at cost	362,515	360,542
Leasehold Improvements [Member]
Property Plant And Equipment [Line Items]
Property and equipment, at cost	16,231	15,312
Equipment [Member]
Property Plant And Equipment [Line Items]
Property and equipment, at cost	343,716	334,324
Construction in Progress [Member]
Property Plant And Equipment [Line Items]
Property and equipment, at cost	$ 9,530	$ 6,514

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Depreciation, Amortization and Accretion Expenses [Member]
Property Plant And Equipment [Line Items]
Impairment charges. Property, Plant, and Equipment	$ 1.6	$ 1.6	$ 0.8	$ 2.7

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 235,210	$ 235,790
Finite-Lived Intangible Assets, Accumulated Amortization	136,592	121,871
Intangible assets, net	98,618	113,919
Wholesale Fuel Supply Contracts/Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	232,932	232,932
Finite-Lived Intangible Assets, Accumulated Amortization	135,825	120,168
Intangible assets, net	97,107	112,764
Trademarks/Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2,078	2,208
Finite-Lived Intangible Assets, Accumulated Amortization	734	1,250
Intangible assets, net	1,344	958
Covenant Not to Compete [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	200	650
Finite-Lived Intangible Assets, Accumulated Amortization	33	453
Intangible assets, net	$ 167	$ 197

Goodwill - Schedule of Changes

Goodwill - Schedule of Changes in Goodwill (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Goodwill [Line Items]
Beginning Balance	$ 99,409
Ending Balance	$ 99,409

Debt - Summary of Balances for

Debt - Summary of Balances for Long-term Debt and Finance Lease Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Finance lease obligations	$ 11,804	$ 13,954
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Total debt and finance lease obligations	Total debt and finance lease obligations
Total debt and finance lease obligations	$ 774,304	$ 779,071
Current portion	3,034	11,151
Noncurrent portion	771,270	767,920
Deferred financing costs, net	10,582	6,282
Noncurrent portion, net of deferred financing costs	760,688	761,638
CAPL Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility	$ 762,500	606,137
JKM Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility		$ 158,980

Debt - Schedule of Debt and Fut

Debt - Schedule of Debt and Future Minimum Lease Payments on Finance Lease Obligations (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Debt Instrument [Line Items]
Remaining in 2023	$ 833
2024	3,396
2025	3,495
2026	3,596
2027	1,210
2028	762,500
Total future payments	775,030
Less impact of discounting	726
Total future principal payments	774,304
Current portion	3,034
Long-term portion	771,270
Debt [Member]
Debt Instrument [Line Items]
2028	762,500
Total future payments	762,500
Total future principal payments	762,500
Long-term portion	762,500
Finance Lease Obligations [Member]
Debt Instrument [Line Items]
Remaining in 2023	833
2024	3,396
2025	3,495
2026	3,596
2027	1,210
Total future payments	12,530
Less impact of discounting	726
Total future principal payments	11,804
Current portion	3,034
Long-term portion	$ 8,770

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($) $ in Thousands			3 Months Ended								9 Months Ended
	Mar. 31, 2023	Apr. 01, 2019	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Deferred financing costs								$ 1,100			$ 1,100
Line of credit facility, maximum borrowing capacity								158,000			158,000
Other indebtedness								771,270			771,270
Deferred financing costs								10,582			10,582	$ 6,282
JKM Credit Facility [Member]
Debt Instrument [Line Items]
Letters of credit outstanding, amount								$ 4,500			$ 4,500	4,600
CAPL Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility financial covenants combined leverage ratio							1%	1%	1%	1%
Line of credit facility financial covenants combined leverage ratio, threshold											0.50%
Line of credit facility financial covenants combined interest charge coverage ratio											2.50%
Line of credit facility, maximum borrowing capacity	$ 925,000	$ 750,000								$ 925,000
Debt instrument, maturity date	Mar. 31, 2028	Apr. 01, 2024
Ability to increase line of credit facility, maximum borrowing capacity	$ 350,000									$ 350,000
Other indebtedness								$ 45,000			$ 45,000
Monetary judgments exceeding											45,000
Outstanding under term loan facility								$ 762,500			$ 762,500	$ 606,137
CAPL Credit Facility [Member] \| SOFR [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio											1%
CAPL Credit Facility [Member] \| Federal Funds Rate [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio											0.50%
CAPL Credit Facility [Member] \| Notes Payable to Banks [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate at period end								4.90%			4.90%
Debt instrument, basis spread on variable rate											2%
CAPL Credit Facility [Member] \| Swing-Line Loans [Member]
Debt Instrument [Line Items]
Line of credit facility, increase (decrease), net											$ 35,000
CAPL Credit Facility [Member] \| Letters of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility, increase (decrease), net											$ 65,000
Commitment fee percentage											0.125%
CAPL Credit Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility financial covenants combined leverage ratio							5.25%	5.25%	5.25%	5.25%
Line of credit facility financial covenants combined leverage ratio, threshold											5.25%
Commitment fee percentage											0.45%
CAPL Credit Facility [Member] \| Maximum [Member] \| Scenario Forecast [Member]
Debt Instrument [Line Items]
Line of credit facility financial covenants combined leverage ratio			4.75%	5%	5%	5%
CAPL Credit Facility [Member] \| Maximum [Member] \| SOFR [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio											2.75%
CAPL Credit Facility [Member] \| Maximum [Member] \| Prime Rate [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio											1.75%
CAPL Credit Facility [Member] \| Maximum [Member] \| Upon Issuance of Qualified Senior Notes [Member]
Debt Instrument [Line Items]
Line of credit facility financial covenants combined leverage ratio											5.25%
Line of credit facility financial covenants combined leverage ratio, threshold											5.50%
CAPL Credit Facility [Member] \| Maximum [Member] \| Senior Notes [Member]
Debt Instrument [Line Items]
Line of credit facility financial covenants combined leverage ratio											3.75%
Line of credit facility financial covenants combined leverage ratio, threshold											4%
CAPL Credit Facility [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility financial covenants combined leverage ratio, threshold											1%
Commitment fee percentage											0.25%
CAPL Credit Facility [Member] \| Minimum [Member] \| Scenario Forecast [Member]
Debt Instrument [Line Items]
Line of credit facility financial covenants combined leverage ratio			1%	1%	1%	1%
CAPL Credit Facility [Member] \| Minimum [Member] \| SOFR [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio											1.75%
CAPL Credit Facility [Member] \| Minimum [Member] \| Prime Rate [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio											0.75%
CAPL Credit Facility [Member] \| Minimum [Member] \| Upon Issuance of Qualified Senior Notes [Member]
Debt Instrument [Line Items]
Line of credit facility financial covenants combined leverage ratio											1%
Line of credit facility financial covenants combined leverage ratio, threshold											1%
CAPL Credit Facility [Member] \| Minimum [Member] \| Senior Notes [Member]
Debt Instrument [Line Items]
Line of credit facility financial covenants combined leverage ratio											1%
Line of credit facility financial covenants combined leverage ratio, threshold											1%

Interest Rate Swap Contracts -

Interest Rate Swap Contracts - Additional Information (Details) $ in Millions			3 Months Ended		9 Months Ended
	Apr. 15, 2020 USD ($) Derivative	Mar. 26, 2020 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Apr. 04, 2023	Dec. 31, 2022 USD ($)
Derivative Instruments Gain Loss [Line Items]
Estimated gain to be reclassified from accumulated other comprehensive income into interest expense					$ 12.7
Estimated period for transfer of gain to be reclassified from accumulated other comprehensive income into interest expense					12 months
Interest Rate Swap [Member]
Derivative Instruments Gain Loss [Line Items]
Notional amount	$ 75	$ 150
Fixed interest rate	0.38%	0.495%
Maturity date	Apr. 01, 2024	Apr. 01, 2024
Number of interest rate swap contracts \| Derivative	2
Fair value of contract, net asset			$ 22		$ 22			$ 17.2
Net realized gain (loss)			$ 4.7	$ 1.4	$ 12.1	$ 1.4
One Interest Rate Swap [Member] \| Maximum [Member]
Derivative Instruments Gain Loss [Line Items]
Fixed interest rate							0.495%
One Interest Rate Swap [Member] \| Minimum [Member]
Derivative Instruments Gain Loss [Line Items]
Fixed interest rate							0.4125%
Other Interest Rate Swap [Member] \| Maximum [Member]
Derivative Instruments Gain Loss [Line Items]
Fixed interest rate							0.38%
Other Interest Rate Swap [Member] \| Minimum [Member]
Derivative Instruments Gain Loss [Line Items]
Fixed interest rate							0.2975%

Interest Rate Swap Contracts _2

Interest Rate Swap Contracts - Summary of Interest Rate Swap Contracts (Details) - USD ($) $ in Thousands		9 Months Ended
	Apr. 30, 2023	Sep. 30, 2023
Interest Rate Swap Contracts One [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Swap Type		Spot starting
Notional amount	$ 50,000
Fixed rate	3.287%
Termination date	Mar. 30, 2028
Interest Rate Swap Contracts Two [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Swap Type		Spot starting
Notional amount	$ 100,000
Fixed rate	3.287%
Termination date	Mar. 31, 2028
Interest Rate Swap Contracts Three [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Swap Type		Spot starting
Notional amount	$ 50,000
Fixed rate	3.282%
Termination date	Apr. 08, 2028
Interest Rate Swap Contracts Four [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Swap Type		Forward starting April 1, 2024
Notional amount	$ 100,000
Fixed rate	2.932%
Termination date	Apr. 01, 2028

Interest Rate Swap Contracts _3

Interest Rate Swap Contracts - Summary of Interest Rate Swap Contracts (Parentetical) (Details)	Apr. 30, 2023
Interest Rate Swap Contracts Four [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Contract Starting Date	Apr. 01, 2024

Related-Party Transactions - Ad

Related-Party Transactions - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Operating Income (Loss)	Operating Income (Loss)	Operating Income (Loss)	Operating Income (Loss)
Rental income	$ 20,137	$ 21,260	$ 61,980	$ 62,736
Accounts receivable from related parties	38,735		38,735		$ 30,825
Accretion of preferred membership interests	629	575	1,845	1,138
Accounts payable to related parties	80,216		80,216		77,048
Cost of services	1,109,583	1,159,677	3,091,355	3,560,146
Income tax distributions paid on preferred membership interests	800		900
Omnibus Agreement [Member]
Related Party Transaction [Line Items]
Cost and expenses incurred	26,000	22,400	73,600	62,900
Topper And Entities [Member]
Related Party Transaction [Line Items]
Rental income	13,700	18,600	38,600	58,400
Accounts receivable from related parties	400		400		700
Rent expense	2,600	2,600	7,800	7,500
Accounts payable to related parties	200		200		300
Cost of services	700	700	2,000	1,600
Merchandise costs	5,500	6,200	15,600
Topper Group [Member]
Related Party Transaction [Line Items]
Rent expense			100	100
Dividends cash	$ 7,700	$ 7,700	23,100	23,000
Lease expenses	insignificant	insignificant
Topper Group [Member] \| Omnibus Agreement [Member]
Related Party Transaction [Line Items]
Accounts payable to related parties	$ 8,300		8,300		6,100
John B. Reilly, III [Member]
Related Party Transaction [Line Items]
Dividends cash	2,600	$ 2,600	7,900	7,900
Topper And Entities [Member]
Related Party Transaction [Line Items]
Accounts payable to related parties	1,600		1,600		$ 1,400
Merchandise costs				16,100
CST Brands Inc. [Member]
Related Party Transaction [Line Items]
Rent expense	$ 200	$ 300	$ 700	$ 700

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Environmental liabilities	$ 7.3	$ 7.5
Indemnification assets related to third party escrow funds, state funds or insurance	$ 5.1	$ 5.2

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Operating Loss Carryforwards [Line Items]
Income tax holiday, description			As a limited partnership, we are not subject to federal and state income taxes. However, our corporate subsidiaries are subject to income taxes. Income tax attributable to our taxable income (including any dividend income from our corporate subsidiaries), which may differ significantly from income for financial statement purposes, is assessed at the individual limited partner unitholder level. We are subject to a statutory requirement that non-qualifying income, as defined by the Internal Revenue Code, cannot exceed 10% of total gross income for the calendar year. If non-qualifying income exceeds this statutory limit, we would be taxed as a corporation. The non-qualifying income did not exceed the statutory limit in any annual period.
Income tax expense	$ 1,468	$ 3,815	$ 2,603	$ 1,843
Maximum [Member]
Operating Loss Carryforwards [Line Items]
Limited partnership percentage of non qualifying income to gross income			10%

Net Income Per Limited Partne_2

Net Income Per Limited Partner Unit - Reconciliation of Net Income and Weighted-Average Units Used in Computing Basic and Diluted Net Income Per Limited Partner Unit (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Numerator:
Distributions paid on common units		$ 19,934	$ 19,913	$ 59,777	$ 59,713
Allocation of distributions in excess of net income		(8,271)	7,105	(35,773)	(14,245)
Limited partners' interest in net income - basic		11,663	27,018	24,004	45,468
Accretion of preferred membership interests		629	575	1,845	1,138
Limited partners' interest in net income - diluted		$ 11,663	$ 27,593	$ 24,004	$ 45,468
Denominator:
Weighted-average common units outstanding - basic		37,966,474	37,925,082	37,953,348	37,912,737
Adjustment for phantom and phantom performance units	[1]	172,784	35,809	173,044	37,625
Adjustment for preferred membership interests	[1]		1,076,769
Weighted-average common units outstanding - diluted		38,139,258	39,037,660	38,126,392	37,950,362
Net income per common unit - basic		$ 0.31	$ 0.71	$ 0.63	$ 1.2
Net income per common unit - diluted		0.31	0.71	0.63	1.2
Distributions paid per common unit		0.525	0.525	1.575	1.575
Distributions declared (with respect to each respective period) per common unit		$ 0.525	$ 0.525	$ 1.575	$ 1.575

[1] For the three and nine months ended September 30, 2023, 1,176,998 potentially dilutive units related to the preferred membership interests were excluded from the calculation of diluted earnings per unit because including them would have been antidilutive. For the nine months ended September 30, 2022, 729,679 potentially dilutive units related to the preferred membership interests were excluded from the calculation of diluted earnings per unit because including them would have been antidilutive. For the three months ended September 30, 2022, dilutive units related to the preferred membership interests were included in the denominator of the calculation of diluted earnings per unit. Similarly, the accretion of the preferred membership interests was added back in the numerator of the calculation as if the preferred membership interests had been converted to common units at the beginning of the period, in which case no accretion would have been recorded.

Net Income Per Limited Partne_3

Net Income Per Limited Partner Unit (Additional Information) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	1,176,998	729,679
Accretion expense	$ 0

Net Income Per Limited Partne_4

Net Income Per Limited Partner Unit - Distributions Made to Limited Partner, by Distribution (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Partnership Distributions [Abstract]
Record Date	Nov. 03, 2023	Aug. 04, 2023	May 03, 2023	Feb. 03, 2023
Payment Date	Nov. 10, 2023	Aug. 11, 2023	May 10, 2023	Feb. 10, 2023
Cash Distribution (per unit)	$ 0.525	$ 0.525	$ 0.525	$ 0.525
Cash Distribution (in thousands)	$ 19,935	$ 19,934	$ 19,925	$ 19,918

Segment Reporting - Additional

Segment Reporting - Additional Information (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) Site	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) Segment Site	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| Segment			2
Number of converted operated sites to dealer operated sites \| Site	1		35
Contract costs, unamortized balance	$ 10.4		$ 10.4		$ 10.9
Contract costs, amortization against operating revenues	$ 0.5	$ 0.5	$ 1.4	$ 1.3

Segment Reporting - Schedule of

Segment Reporting - Schedule of Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Total revenues	$ 1,210,023	$ 1,274,407	$ 3,371,578	$ 3,842,651
Rental income	20,137	21,260	61,980	62,736
Operating income (loss)	24,145	39,639	61,108	70,430
Fuel Sales to External Customers [Member]
Segment Reporting Information [Line Items]
Total revenues	1,095,662	1,172,261	3,056,783	3,552,873
Food and Merchandise Sales [Member]
Segment Reporting Information [Line Items]
Total revenues	88,681	76,136	237,613	212,417
Other Revenue [Member]
Segment Reporting Information [Line Items]
Total revenues	5,543	4,750	15,202	14,625
Unallocated [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	(25,686)	(28,246)	(73,085)	(80,905)
Wholesale \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	635,333	673,696	1,775,939	2,091,650
Rental income	17,221	18,134	52,556	53,450
Operating income (loss)	23,381	24,046	66,825	69,797
Wholesale \| Operating Segments [Member] \| Fuel Sales to External Customers [Member]
Segment Reporting Information [Line Items]
Total revenues	616,470	653,905	1,719,330	2,032,950
Wholesale \| Operating Segments [Member] \| Other Revenue [Member]
Segment Reporting Information [Line Items]
Total revenues	1,642	1,657	4,053	5,250
Retail [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	574,690	600,711	1,595,639	1,751,001
Rental income	2,916	3,126	9,424	9,286
Operating income (loss)	26,450	43,839	67,368	81,538
Retail [Member] \| Operating Segments [Member] \| Fuel Sales to External Customers [Member]
Segment Reporting Information [Line Items]
Total revenues	479,192	518,356	1,337,453	1,519,923
Retail [Member] \| Operating Segments [Member] \| Food and Merchandise Sales [Member]
Segment Reporting Information [Line Items]
Total revenues	88,681	76,136	237,613	212,417
Retail [Member] \| Operating Segments [Member] \| Other Revenue [Member]
Segment Reporting Information [Line Items]
Total revenues	$ 3,901	$ 3,093	$ 11,149	$ 9,375

Segment Reporting - Summary of

Segment Reporting - Summary of Receivables Relating to Revenue Streams (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total accounts receivable	$ 39,180	$ 31,568
Receivables from Fuel and Merchandise Sales [Member]
Segment Reporting Information [Line Items]
Total accounts receivable	36,501	28,959
Receivables for Rent and Other Lease-related Charges [Member]
Segment Reporting Information [Line Items]
Total accounts receivable	$ 2,679	$ 2,609

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information - Changes in Operating Assets and Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
(Increase) decrease:
Accounts receivable	$ (7,555)	$ (1,844)
Accounts receivable from related parties	298	286
Inventories	(6,302)	(891)
Other current assets	(4,290)	3,066
Other assets	(98)	(1,785)
Increase (decrease):
Accounts payable	2,776	12,528
Accounts payable to related parties	2,226	739
Accrued expenses and other current liabilities	3,358	1,654
Motor fuel and sales taxes payable	374	(1,805)
Other long-term liabilities	3,287	2,640
Changes in operating assets and liabilities, net of acquisitions	$ (5,926)	$ 14,588

Supplemental Cash Flow Inform_4

Supplemental Cash Flow Information - Supplemental Disclosure of Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Supplemental Cash Flow Information [Abstract]
Cash paid for interest	$ 30,073	$ 20,092
Refunds received, net of cash paid for income taxes	$ 2,119	$ (3,934)

Supplemental Cash Flow Inform_5

Supplemental Cash Flow Information - Non-cash Investing and Financing Activities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Schedule Of Supplemental Cash Flow [Line Items]
Accrued capital expenditures			$ 641	$ 1,304
Lease liabilities arising from obtaining right-of-use assets			8,862	12,602
Accretion of preferred membership interests	$ 629	$ 575	$ 1,845	$ 1,138