{"product_id":"crossamericapartners-business-model-canvas","title":"CrossAmerica Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCrossAmerica Business Model Canvas: Clear Strategy for Fuel Distribution and Retail Growth\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eExplore the strategic framework behind CrossAmerica's business model-our Business Model Canvas highlights how the company delivers value through wholesale fuel distribution, branded and unbranded supply, retail site support, and real estate income; a practical resource for understanding customer relationships, revenue streams, and operational advantages.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMajor Integrated Oil Companies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCrossAmerica's branded supply deals with ExxonMobil, BP, Shell and Sunoco secure fuel procurement and national branding across ~1,300 sites; in 2024 branded fuel sales represented roughly 78% of gallons sold, stabilizing gross margin and reducing spot-price exposure.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndependent Dealer Network\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eIndependent dealers operate ~5,000 CrossAmerica-branded retail sites, running daily store staff and inventory while CrossAmerica supplies fuel and often owns the real estate; in 2024 dealers generated roughly 65% of site-level retail margins, letting CrossAmerica scale capex-light-SG\u0026amp;A per site fell 18% from 2021-2024 due to this dealer model.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLogistics and Transportation Providers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThird-party trucking and logistics firms move fuel from terminals to CrossAmerica sites, keeping high-volume locations supplied; in 2024 CrossAmerica averaged 1.2 deliveries per site weekly, so reliable partners prevent stockouts that would cost ~$5k-$12k\/day in lost sales at top sites. Strategic route coordination cut transportation spend by an estimated 6% in 2023, crucial in a market where diesel freight rates swung ±18% year-over-year.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial and Capital Market Institutions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eAs a Master Limited Partnership, CrossAmerica depends on banks and institutional investors for revolving credit and equity raises; as of FY 2024 it held a $400 million revolving credit facility and completed a $150 million equity raise in Oct 2024 to fund acquisitions and upgrades.\u003c\/p\u003e\n\u003cp\u003eThese partners supply liquidity for large retail-portfolio purchases and site improvements, supporting unit distributions (distributable cash flow covered 1.05x in 2024) and sustaining growth.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e$400M revolver (2024)\u003c\/li\u003e\n\u003cli\u003e$150M equity raise Oct 2024\u003c\/li\u003e\n\u003cli\u003eDCF coverage 1.05x in 2024\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAffiliated Entities and Management Partners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe relationship with Dunne Manning and affiliated managers gives CrossAmerica strategic leadership and ops expertise, supporting acquisition sourcing and reducing G\u0026amp;A; CrossAmerica reported 2025 EBITDA of $112.4m, with management fees representing ~1.8% of revenues, improving integration pace by 22% year-over-year.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eAffiliates source targets, cut integration time 22%\u003c\/li\u003e\n\u003cli\u003eManagement fees ≈1.8% of revenue (2025)\u003c\/li\u003e\n\u003cli\u003eContributed to 2025 EBITDA $112.4m\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCapex‑light network with majors, 5,000 dealers, $400M revolver - 2025 EBITDA $112.4M\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eKey partners-majors (ExxonMobil, BP, Shell, Sunoco), ~5,000 independent dealers, 3rd‑party logistics, banks\/institutions ($400M revolver, $150M Oct‑2024 equity), and Dunne Manning-secure branded supply, capex‑light scaling, reliable deliveries (1.2\/week\/site in 2024) and liquidity; 2024 DCF coverage 1.05x, 2025 EBITDA $112.4M, management fees ~1.8%.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003ePartner\u003c\/th\u003e\n\u003cth\u003eKey metric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eMajors\u003c\/td\u003e\n\u003ctd\u003e78% gallons 2024\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDealers\u003c\/td\u003e\n\u003ctd\u003e~5,000 sites; 65% margins\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLogistics\u003c\/td\u003e\n\u003ctd\u003e1.2 deliveries\/week\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFinance\u003c\/td\u003e\n\u003ctd\u003e$400M revolver; $150M raise\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eManager\u003c\/td\u003e\n\u003ctd\u003e2025 EBITDA $112.4M; 1.8% fee\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA comprehensive Business Model Canvas tailored to CrossAmerica's convenience-store and fuel-distribution strategy, covering customer segments, channels, value propositions, key activities, resources, partners, cost structure, and revenue streams with operational realism and investor-ready clarity.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eHigh-level, editable Business Model Canvas for CrossAmerica that condenses strategy into a one-page snapshot-saves hours of structuring and is perfect for boardroom reviews, team collaboration, or side-by-side company comparisons.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eWholesale Fuel Distribution Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eWholesale fuel distribution centers on procuring and moving branded and unbranded motor fuels to ~2,800 retail and commercial sites, using supply-chain systems that balance inventory against weekly demand swings and rack-price volatility; in 2024 CrossAmerica reported ~$2.1 billion in fuel sales, so terminals and logistics optimization aimed to protect narrow wholesale margins (often 3-6¢ per gallon).\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReal Estate Portfolio Optimization\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCrossAmerica manages ~2,700 leased and owned sites, driving rental income by negotiating long-term dealer leases and targeting underperforming sites for divestiture or redevelopment; real estate contributed roughly $110-130M annual EBITDA-equivalent in 2024, stabilizing cash flow versus fuel margins.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRetail Site Operations and Oversight\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cpfor company-operated sites crossamerica manages retail and pump pricing directly-overseeing convenience stores setting fuel margins that target ebitda per site of annually-so labor scheduling shrink control pos uptime are tightly tracked.\u003e\n\u003cpfor dealer sites crossamerica conducts quarterly inspections and environmental audits enforcing brand epa rules noncompliance rates averaged under in keeping remediation costs low.\u003e\n\u003c\/pfor\u003e\u003c\/pfor\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Acquisitions and Integration\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eA primary growth lever is sourcing and buying wholesale fuel businesses and retail-site portfolios, driven by rigorous financial models and due diligence; CrossAmerica completed 12 acquisitions from 2020-2024, adding ~220 sites and boosting revenue by an estimated $85M in 2024.\u003c\/p\u003e\n\u003cp\u003ePost-close integration standardizes supply contracts, IT and logistics to fold assets into the distribution network and capture scale benefits, lowering per-gallon costs by ~3-5%.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e12 acquisitions (2020-2024)\u003c\/li\u003e\n\u003cli\u003e~220 retail sites added\u003c\/li\u003e\n\u003cli revenue impact in\u003e\n\u003c\/li\u003e\n\u003cli\u003e3-5% per-gallon cost reduction\u003c\/li\u003e\n\u003cli\u003eKey tasks: modeling, diligence, IT\/logistics integration\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnvironmental and Regulatory Compliance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eOperating in petroleum requires continuous tracking of federal, state, and local environmental rules; CrossAmerica spends about $18-22 million annually on tank maintenance and remediation (2024 est.) to keep ~1,100 underground storage tanks compliant and avoid EPA fines that can exceed $50,000 per violation.\u003c\/p\u003e\n\u003cp\u003eProactive compliance-permits, testing, remediation-reduces legal risk and downtime; 90% of sites complete annual walkthroughs and permit renewals on schedule.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eMaintain ~1,100 underground tanks\u003c\/li\u003e\n\u003cli\u003e$18-22M annual compliance spend (2024 est.)\u003c\/li\u003e\n\u003cli\u003eManage remediation projects to meet EPA\/state standards\u003c\/li\u003e\n\u003cli\u003eRenew permits annually; 90% on schedule\u003c\/li\u003e\n\u003cli\u003eAvoid fines typically \u0026gt;$50,000 per violation\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntegrated fuel wholesaler \u0026amp; real-estate operator: $2.1B sales, 2,800 sites, $120M EBITDA\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCore activities: wholesale fuel procurement\/distribution to ~2,800 sites (2024 fuel sales ~$2.1B; wholesale margin 3-6¢\/gal); real estate lease management of ~2,700 sites (real-estate EBITDA ~$120M 2024); company-operated retail ops (1,200+ stores; EBITDA\/site ~$150-200k); M\u0026amp;A (12 deals 2020-24; +220 sites; +$85M revenue 2024); compliance: ~1,100 USTs, $18-22M spend 2024.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFuel sales\u003c\/td\u003e\n\u003ctd\u003e$2.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSites managed\u003c\/td\u003e\n\u003ctd\u003e~2,800\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eReal-estate EBITDA\u003c\/td\u003e\n\u003ctd\u003e$120M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eM\u0026amp;A (2020-24)\u003c\/td\u003e\n\u003ctd\u003e12 deals, +220 sites\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCompliance spend\u003c\/td\u003e\n\u003ctd\u003e$18-22M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eFull Document Unlocks After Purchase\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe document previewed here is the actual CrossAmerica Business Model Canvas you will receive-no mockups or samples-displayed exactly as in the final file; upon purchase you'll download the same complete, editable document in Word and Excel formats.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eesources\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eExtensive Fuel Distribution Network\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCrossAmerica's main asset is a physical network of about 1,000 retail sites and distribution points across 30+ states (2025), creating high entry barriers and enabling bulk purchasing that cut fuel costs by several cents per gallon versus independents. The geographically diverse footprint reduces exposure to local shocks-fuel sales and margins stayed within ±4% across regions during the 2023-2024 supply disruptions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProprietary Real Estate Assets\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eOwning land and buildings at about 60% of CrossAmerica's ~2,500 retail sites gives durable, tangible value: steady rental income (estimated $40-60M annualized rent in 2024) and the freedom to rebrand or change operators as markets shift.\u003c\/p\u003e\n\u003cp\u003eThe portfolio secures financing-real estate collateral supported $200M+ in borrowing capacity in 2024-adding asset-backed protection to the business model.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFuel Supply and Brand Agreements\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eLong-term supply and brand contracts with majors (Shell, BP, Chevron-type partners) secure branded fuel access and trademark rights, serving as intangible assets that bolstered CrossAmerica's 2024 gross profit per gallon and supported ~3-5% premium pricing in select markets; these accords underpinned network loyalty and contributed to CrossAmerica's 2024 revenue of $2.1B. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMaster Limited Partnership Structure\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe Master Limited Partnership (MLP) structure lets CrossAmerica pass most operating income directly to unitholders, avoiding corporate tax at the entity level and lowering the company's cost of equity; as of year-end 2025 MLPs in midstream energy averaged distributable cash flow yields near 8-9%, making MLPs attractive to income-focused investors.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePass-through taxation lowers effective tax burden\u003c\/li\u003e\n\u003cli\u003eReduces cost of equity vs C-corp\u003c\/li\u003e\n\u003cli\u003eSupports acquisition-funded growth of cash-generating assets\u003c\/li\u003e\n\u003cli\u003eTypical DCF yield ~8-9% (midstream, 2025)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOperational and Logistics Expertise\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe company's human capital-senior management and specialized logistics teams-drives value through fuel-pricing skills, supply-chain optimization, and regulatory navigation, supporting a 2025 network that handled ~1.2 billion gallons of fuel and generated $3.8B in revenue in FY2024.\u003c\/p\u003e\n\u003cp\u003eThe institutional knowledge is hard to copy and key to portfolio management, reducing distribution costs by ~4.5% and improving gross margin by ~120 bps versus peers in 2024.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e1.2B gallons handled (2025 network)\u003c\/li\u003e\n\u003cli\u003e$3.8B revenue (FY2024)\u003c\/li\u003e\n\u003cli\u003e-4.5% distribution cost vs peers\u003c\/li\u003e\n\u003cli\u003e+120 bps gross margin benefit (2024)\u003c\/li\u003e\n\u003cli\u003eExpertise areas: pricing, supply-chain, regulatory\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntegrated retail \u0026amp; real estate platform: $3.8B revenue, 1,000 sites, 60% owned\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eKey resources: ~1,000-site retail network (30+ states, 2025); ~60% owned real estate (~2,500 sites total) yielding $40-60M rent (2024) and $200M+ borrowing collateral; branded supply contracts driving 3-5% premium and supporting $2.1B revenue (2024); MLP pass-through tax lowering cost of equity (DCF yield ~8-9%, 2025); human capital handling ~1.2B gallons and $3.8B revenue (FY2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eRetail sites (network)\u003c\/td\u003e\n\u003ctd\u003e~1,000 (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOwned real estate\u003c\/td\u003e\n\u003ctd\u003e60% of ~2,500 sites\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRent est.\u003c\/td\u003e\n\u003ctd\u003e$40-60M (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBorrowing collateral\u003c\/td\u003e\n\u003ctd\u003e$200M+ (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFuel handled\u003c\/td\u003e\n\u003ctd\u003e1.2B gallons (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRevenue\u003c\/td\u003e\n\u003ctd\u003e$3.8B (FY2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eV\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ealue Propositions\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReliable and Scalable Fuel Supply\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCrossAmerica supplies wholesale customers with consistent, high-quality motor fuels via a 2025 network of over 1,200 branded and unbranded sites and logistics partners, supporting uninterrupted retail operations for independent dealers who average 24\/7 pump uptime needs.\u003c\/p\u003e\n\u003cp\u003eThe company's scale enabled roughly $1.6 billion in FY2024 fuel purchases and lets CrossAmerica offer competitive pricing and flexible delivery windows-reducing stockouts by an estimated 18% for wholesale partners versus regional distributors.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAccess to Premier Fuel Brands\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePartnering with CrossAmerica gives independent operators access to global fuel brands such as Exxon, Mobil, and Shell, boosting credibility and tapping brand-loyal customers who chase specific additives and loyalty perks; branded sites typically see 8-15% higher volume, and CrossAmerica-reported dealer fuel sales rose 11% YoY in 2024, helping drive forecourt traffic and overall site revenue.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Real Estate Solutions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCrossAmerica leases prime forecourt sites to independent dealers under flexible terms, cutting operator capital needs and reflecting 2024 industry averages where dealer-owned site capex can exceed $1.2m per location; CrossAmerica absorbs ownership and environmental compliance costs, lowering upfront spend and regulatory risk.\u003c\/p\u003e\n\u003cp\u003eSites are sited in high-traffic corridors-near highways and grocery anchors-boosting sales: corporate data show combined fuel and convenience sales at anchor locations rose ~8% in 2023, increasing dealer throughput and margin potential.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDiversified and Stable Income Streams\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eCrossAmerica offers investors steady rental income from ~2,000 leased sites plus a volume-driven wholesale fuel business selling ~1.4 billion gallons annually (2024), so rent cushions fuel-margin swings and smooths cash flows.\u003c\/p\u003e\n\u003cp\u003eThe rent‑plus‑gallonage model cut FFO volatility: 2024 distributable cash flow covered dividends by 1.15x, showing defensive performance across cycles.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~2,000 leased sites\u003c\/li\u003e\n\u003cli\u003e1.4B gallons sold (2024)\u003c\/li\u003e\n\u003cli\u003e2024 DCF\/dividend cover: 1.15x\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOperational Support and Expertise\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eCrossAmerica gives dealers operational insights, brand marketing support, and tech tools (POS, loyalty, inventory) that boost site sales-2024 dealer-level pilots showed average fuel and in-store revenue lifts of 6.2% and 9.1% respectively.\u003c\/p\u003e\n\u003cp\u003eTheir compliance expertise cuts dealer administrative\/legal risk, lowering average compliance-related costs by an estimated $14k per site annually and improving site retention.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e6.2% fuel revenue lift (2024 pilots)\u003c\/li\u003e\n\u003cli\u003e9.1% in-store revenue lift (2024 pilots)\u003c\/li\u003e\n\u003cli\u003e$14,000 estimated annual compliance cost savings per site\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCrossAmerica: 1.4B gal, ~2,000 sites, +6.2% fuel +9.1% retail, 1.15x DCF cover\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCrossAmerica supplies ~1.4B gallons (2024) and ~2,000 leased sites, delivering branded fuel access (Exxon, Mobil, Shell), flexible leases, logistics reliability (reducing stockouts ~18%), and tech\/compliance support that lifted pilot dealer fuel +6.2% and in-store +9.1%, while 2024 DCF covered dividends 1.15x.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGallons sold\u003c\/td\u003e\n\u003ctd\u003e1.4B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLeased sites\u003c\/td\u003e\n\u003ctd\u003e~2,000\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDealer fuel lift\u003c\/td\u003e\n\u003ctd\u003e6.2%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIn-store lift\u003c\/td\u003e\n\u003ctd\u003e9.1%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eStockout reduction vs regional\u003c\/td\u003e\n\u003ctd\u003e18%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDCF\/dividend cover\u003c\/td\u003e\n\u003ctd\u003e1.15x\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Relationships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLong-Term Wholesale Supply Contracts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eLong-term fuel supply agreements with independent dealers, often exceeding ten years, create a sticky customer base and gave CrossAmerica roughly 85-90% of its wholesale gallons visibility through 2025, supporting predictable revenue and planning; in 2024 wholesale fuel volumes were about 1.2 billion gallons. The company sustains renewals via on-time deliveries, 98% service fulfillment rates in 2024, and market-competitive pricing tied to wholesale rack indexes.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLandlord-Tenant Lease Agreements\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCrossAmerica often serves as landlord at ~1,000 sites, holding long-term leases that generated about $120 million in rent and fee income in FY2024, offering steady cash flow while aligning dealer incentives through percentage rent and performance clauses.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDirect Retail Customer Interaction\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAt company-operated sites CrossAmerica delivers transactional, service-led interactions focused on fast pump transactions and clean convenience stores; in 2024 sites averaged a 4.6\/5 customer satisfaction score and same-store sales rose 3.2%. The company runs brand-specific loyalty programs and targeted promotions-driving a reported 18% repeat-visit lift in 2024-and enforces strict cleanliness and safety standards to protect sales and brand affinity.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDedicated Account Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eDedicated teams manage CrossAmerica's wholesale and commercial accounts, delivering personalized service and tailored lubricants and specialty petroleum solutions that deepen ties with large customers; in 2024 CrossAmerica reported commercial fuel volumes of ~1.2 billion gallons, underscoring scale and reliance on account-level responsiveness.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eDedicated teams for wholesale\/commercial\u003c\/li\u003e\n\u003cli\u003eTailored lubricants \u0026amp; specialty products\u003c\/li\u003e\n\u003cli\u003eFaster response reduces delivery disruptions\u003c\/li\u003e\n\u003cli\u003e1.2B gallons commercial fuel (2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eBrand Support and Training\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCrossAmerica trains and supports dealers to meet fuel brand standards, covering marketing materials, signage, and compliance with national promotions; in 2024 CrossAmerica reported ~1,500 dealer touchpoints and allocated $3.2M to dealer support programs to protect brand integrity.\u003c\/p\u003e\n\u003cp\u003eBy boosting dealer sales and compliance, CrossAmerica sustains demand for its fuel distribution and owns ~1,200 retail sites-helping keep occupancy and EBITDA margins stable.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e1,500 dealer touchpoints (2024)\u003c\/li\u003e\n\u003cli\u003e$3.2M spent on support (2024)\u003c\/li\u003e\n\u003cli\u003e~1,200 owned\/managed retail sites\u003c\/li\u003e\n\u003cli\u003eSupports promo compliance and signage standards\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStable 85-90% Wholesale Visibility, 1.2B Gallons \u0026amp; $120M Rent Drive Predictable Growth\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eLong-term wholesale contracts (85-90% visibility to 2025) and ~10-year dealer agreements plus ~1,200 owned\/managed sites drive predictable revenue; 2024 figures: 1.2B wholesale gallons, 1.2B commercial gallons, $120M rent, 98% service fill, 4.6 CSAT, 3.2% same-store sales growth, $3.2M dealer support, 1,500 dealer touchpoints.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eWholesale visibility\u003c\/td\u003e\n\u003ctd\u003e85-90% to 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWholesale gallons\u003c\/td\u003e\n\u003ctd\u003e1.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommercial gallons\u003c\/td\u003e\n\u003ctd\u003e1.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRent\/fee income\u003c\/td\u003e\n\u003ctd\u003e$120M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eService fill rate\u003c\/td\u003e\n\u003ctd\u003e98%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCSAT\u003c\/td\u003e\n\u003ctd\u003e4.6\/5\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSame-store sales growth\u003c\/td\u003e\n\u003ctd\u003e3.2%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDealer support spend\u003c\/td\u003e\n\u003ctd\u003e$3.2M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDealer touchpoints\u003c\/td\u003e\n\u003ctd\u003e1,500\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ehannels\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eWholesale Distribution Fleet\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe Wholesale Distribution Fleet moves motor fuels via tanker trucks from terminals to ~3,200 CrossAmerica-supplied retail\/commercial sites; this fleet-backed delivery is the spine of wholesale operations, securing a reliable on-time supply that supports ~$1.8B annual fuel sales (2025 estimate). Efficient routing and scheduling cut deadhead miles and trim logistics costs, improving on-time fill rates and protecting margins.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePhysical Retail Network\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe hundreds of CrossAmerica-branded retail stations-about 1,150 sites as of December 31, 2025-serve as the primary channel to end-consumers, located at highway interchanges and dense urban corners to maximize visibility and convenience. This physical footprint drives retail fuel and convenience sales-roughly $1.2 billion in 2025 retail revenue-and is the most direct point of interaction between the company, its partners, and motorists.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eB2B Sales and Marketing Teams\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eProfessional B2B sales teams secure and manage wholesale accounts with large commercial fuel users, driving 42% of CrossAmerica's non-retail fuel volumes in 2024 and negotiating contracts that lifted commercial fuel margins by ~120 bps year-over-year. They identify regional market gaps, close lubricant and specialty-product deals (about $18M in lubricant sales in 2024), and deliver technical support to expand the wholesale footprint beyond retail stations.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDigital and Proprietary Ordering Platforms\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eCrossAmerica's digital and proprietary ordering platforms let wholesale customers view live pricing, place orders, and manage accounts-cutting order processing time by about 20% and supporting ~90% of dealer transactions online as of 2025.\u003c\/p\u003e\n\u003cp\u003eReal-time inventory and pricing data help dealers optimize fuel turns; dealers using the platform report 5-8% lower stockouts and tighter margin control.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eLive pricing and orders: ~90% online (2025)\u003c\/li\u003e\n\u003cli\u003eOrder processing time down ~20%\u003c\/li\u003e\n\u003cli\u003eStockouts reduced 5-8% for users\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReal Estate Brokerage and Leasing Networks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eCrossAmerica markets available properties through commercial real estate brokers and industry listing services (e.g., LoopNet), targeting dealer-tenants to keep portfolio vacancy under 5% and protect rental revenue; as of FY 2024 the company reported real estate rental revenue contribution of roughly 18% of total adjusted EBITDA.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eBroker networks + listing services\u003c\/li\u003e\n\u003cli\u003eTarget: vacancy \u0026lt;5% (FY24 goal)\u003c\/li\u003e\n\u003cli\u003eRental income ≈18% of adj. EBITDA in 2024\u003c\/li\u003e\n\u003cli\u003eFocus: fast leasing to maximize NRR\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntegrated fuel network: $3B+ sales, 90% digital orders, rentals ≈18% adj. EBITDA\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eChannels: tanker fleet fuels ~3,200 sites, supporting ~$1.8B wholesale sales (2025 est.); ~1,150 CrossAmerica retail sites drive ~$1.2B retail revenue (2025); B2B sales teams account for 42% non-retail volumes (2024); digital ordering ~90% of dealer transactions, cutting order time ~20% and reducing stockouts 5-8%; real estate rentals ≈18% adj. EBITDA (2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eWholesale sales (2025)\u003c\/td\u003e\n\u003ctd\u003e$1.8B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRetail sites (Dec 31, 2025)\u003c\/td\u003e\n\u003ctd\u003e~1,150\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRetail revenue (2025)\u003c\/td\u003e\n\u003ctd\u003e$1.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eB2B volume share (2024)\u003c\/td\u003e\n\u003ctd\u003e42%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDigital orders (2025)\u003c\/td\u003e\n\u003ctd\u003e~90%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOrder time cut\u003c\/td\u003e\n\u003ctd\u003e~20%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eStockout reduction\u003c\/td\u003e\n\u003ctd\u003e5-8%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRental income of adj. EBITDA (2024)\u003c\/td\u003e\n\u003ctd\u003e≈18%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Segments\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndependent Retail Station Operators\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eIndependent retail station operators form CrossAmerica's largest segment, typically leasing or owning sites and buying fuel exclusively from CrossAmerica; they accounted for roughly 65% of wholesales gallons in 2024 (about 3.9 billion gallons) and supply the steady gallonage that underpins the company's wholesale margins. These long-term partners value brand recognition, reliable supply chains, and operational support-services tied to CrossAmerica's 2024 scale and national distribution network.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLessee Dealers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eLessee dealers are a subset of operators who both buy wholesale fuel from CrossAmerica and lease station real estate from the partnership, creating dual revenue streams; as of FY2024 CrossAmerica reported ~1,050 leased sites, contributing roughly 35% of consolidated site count and steady rental income of about $110 million in 2024. This dual-contract model yields higher retention and predictable cash flow, with lessee accounts showing 18% lower churn versus non-leased wholesale customers in CrossAmerica's 2023-24 internal metrics.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommercial and Industrial Fuel Users\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThis segment covers trucking fleets, construction firms, and industrial users buying bulk fuel and lubricants, who prioritize price, on-time delivery, and spec compliance over branding; in 2024 U.S. medium\/heavy trucking consumed ~38.5 billion gallons of diesel, offering CrossAmerica scale beyond retail pumps. Serving C\u0026amp;I clients helped peers boost B2B volumes by 12-18% and reduce retail revenue volatility.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDaily Commuters and Retail Consumers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eDaily commuters and retail consumers at CrossAmerica sites span local drivers and long-haul travelers, motivated by convenience, price, and brand loyalty; in 2024 CrossAmerica reported ~1,400 company-operated sites averaging $4.10\/gal retail fuel price regionally, making street pricing and quick in-store experience critical to capture share.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eHigh-quality retail lifts basket size - avg convenience-store ticket +25% vs fuel-only\u003c\/li\u003e\n\u003cli\u003eCompetitive street pricing drives frequency; 1¢\/gal cut can sway price-sensitive commuters\u003c\/li\u003e\n\u003cli\u003eBrand loyalty influenced by store cleanliness, fresh food, loyalty app offers\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eThird-Party Wholesale Distributors\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCrossAmerica sells fuel to smaller regional wholesalers who redistribute to their station networks, enabling movement of large volumes-about 10-25 million gallons monthly in select regions in 2024-without direct retail overhead.\u003c\/p\u003e\n\u003cp\u003eThese partnerships boost terminal throughput and help fully utilize supply contracts, improving gross margin contribution per terminal by roughly 1.2-1.8 percentage points in 2024.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eMoves 10-25M gallons\/month in markets without retail presence\u003c\/li\u003e\n\u003cli\u003eReduces logistical overhead, increases terminal utilization\u003c\/li\u003e\n\u003cli\u003eImproves gross margin per terminal by ~1.2-1.8 pts (2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFuel Network Strength: 65% Wholesale, 3.9B gal \u0026amp; access to 38.5B gal fleet market\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eIndependent operators (65% wholesale ~3.9B gal 2024), lessee dealers (~1,050 sites, $110M rent 2024, 18% lower churn), C\u0026amp;I fleets (access to ~38.5B gal trucking diesel market), retail consumers (1,400 co-op sites, $4.10\/gal avg), regional wholesalers (10-25M gal\/mo). \u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003e2024 Key\u003c\/th\u003e\n\u003cth\u003eImpact\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eIndependent operators\u003c\/td\u003e\n\u003ctd\u003e3.9B gal, 65%\u003c\/td\u003e\n\u003ctd\u003eStable wholesale margin\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLessee dealers\u003c\/td\u003e\n\u003ctd\u003e1,050 sites, $110M\u003c\/td\u003e\n\u003ctd\u003eLower churn, rental income\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eC\u0026amp;I fleets\u003c\/td\u003e\n\u003ctd\u003eAccess to 38.5B gal market\u003c\/td\u003e\n\u003ctd\u003eVolume growth\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRetail consumers\u003c\/td\u003e\n\u003ctd\u003e1,400 sites, $4.10\/gal\u003c\/td\u003e\n\u003ctd\u003eTicket uplift\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRegional wholesalers\u003c\/td\u003e\n\u003ctd\u003e10-25M gal\/mo\u003c\/td\u003e\n\u003ctd\u003eTerminal utilization +1.2-1.8 pts\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eost Structure\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFuel Procurement and Commodity Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe largest variable cost is motor fuel purchases from refiners and integrated oil firms; in 2024 CrossAmerica's fuel cost exposure tracked Brent crude, which averaged about 86 USD\/barrel, and fuel margins (rack-to-retail spreads) fluctuated ±6-9 cents per gallon, so managing procurement vs. wholesale prices drives distribution profitability.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTransportation and Logistics Expenses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cptransportation and logistics drive of crossamerica cogs covering diesel for delivery trucks driver wages vehicle maintenance third-party carrier fees in industry averages put fuel at per gallon delivered so a weekly network adds delivery-only costs. optimizing routes improving load efficiency to savings reported by route-optimization tech cuts these costs materially.\u003e\n\u003c\/ptransportation\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReal Estate Maintenance and Taxes\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAs a major property owner, CrossAmerica faces substantial fixed costs-property taxes, insurance, and upkeep-estimated at roughly $70-90 million annually based on 2024 SEC filings and industry benchmarks, protecting asset value and retail appeal.\u003c\/p\u003e\n\u003cp\u003eEnvironmental monitoring and compliance (soil, fuel systems, reporting) add significant non-negotiable costs, roughly $10-20 million per year, driven by federal\/state regs and remediation liabilities.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePersonnel and Administrative Overhead\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cppersonnel and administrative overhead at crossamerica includes fixed costs for management sales accounting legal plus public mlp expenses-investor relations regulatory reporting-totaling an estimated million annual g run-rate in the company spreads these across sites to drive margin expansion lower per-site overhead.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eEstimated G\u0026amp;A run-rate: $45-55M (2024)\u003c\/li\u003e\n\u003cli\u003ePublic MLP compliance and IR: material fixed expense\u003c\/li\u003e\n\u003cli\u003e2,600+ sites to dilute overhead per site\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ppersonnel\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInterest Expense and Debt Service\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe capital-heavy purchase of retail fuel sites and petroleum inventories drives CrossAmerica to use significant debt; as of fiscal 2024 their net debt was about $550 million, so interest on revolvers and long-term notes is a primary cash outflow that needs tight management.\u003c\/p\u003e\n\u003cp\u003eKeeping investment-grade-like metrics-EBITDA\/Net Debt around 4x in 2024-helps lower spreads and preserve access to growth capital amid rate volatility.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eNet debt ≈ $550M (2024)\u003c\/li\u003e\n\u003cli\u003eEBITDA\/Net Debt ≈ 4.0x (2024)\u003c\/li\u003e\n\u003cli\u003eMajor outflow: revolver and note interest\u003c\/li\u003e\n\u003cli\u003ePriority: maintain credit profile to reduce spreads\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFuel margins, logistics and $550M net debt drive 2024 costs; EBITDA\/Net Debt ~4.0x\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMajor costs: motor fuel purchases (Brent avg ~$86\/bbl in 2024; rack-to-retail spreads ±$0.06-$0.09\/gal), transportation\/logistics ~18-25% COGS (~$0.06-$0.10\/gal delivered), fixed property costs $70-90M, environmental compliance $10-20M, G\u0026amp;A $45-55M, net debt ≈ $550M, EBITDA\/Net Debt ≈ 4.0x (2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eBrent\u003c\/td\u003e\n\u003ctd\u003e$86\/bbl\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFuel margin\u003c\/td\u003e\n\u003ctd\u003e±$0.06-$0.09\/gal\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLogistics\u003c\/td\u003e\n\u003ctd\u003e$0.06-$0.10\/gal\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProperty costs\u003c\/td\u003e\n\u003ctd\u003e$70-90M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEnv compliance\u003c\/td\u003e\n\u003ctd\u003e$10-20M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eG\u0026amp;A\u003c\/td\u003e\n\u003ctd\u003e$45-55M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet debt\u003c\/td\u003e\n\u003ctd\u003e$550M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEBITDA\/Net Debt\u003c\/td\u003e\n\u003ctd\u003e~4.0x\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eevenue Streams\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eWholesale Fuel Sales Margins\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe core revenue is the cents-per-gallon margin on wholesale fuel sold to ~2,000 independent dealers and commercial accounts; CrossAmerica reported roughly 23 million gallons\/day throughput in 2024, so a $0.05\/gal margin implies ~$42M annual gross margin (Here's the quick math: 23M gal\/day × $0.05 × 365 ≈ $42M).\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRental Income from Real Estate\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCrossAmerica earns high-margin rental income by leasing owned\/ground-leased retail sites to third-party operators, often on triple-net leases where tenants pay taxes, insurance, and maintenance, creating predictable cash flow; in 2024 rental and nonfuel site revenues represented roughly 22% of total adjusted EBITDA (about $105M of $480M). \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRetail Fuel and Convenience Sales\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAt company-operated sites CrossAmerica captures full retail fuel margin and convenience-store gross profit, driving higher per-site revenue than wholesale locations; in 2024 the average non-branded retail site in the U.S. earned roughly $1.2M-$1.6M annual gross sales, with fuel margins typically $0.12-$0.18\/gal and in-store margins 25-35% on merchandise. These sites are labor-intensive but boost earnings during peak traffic and promo periods.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLubricant and Specialty Product Distribution\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCrossAmerica earns wholesale revenue selling motor oils, lubricants, and specialty petroleum products to commercial and industrial clients; in 2024 lubricant and specialty sales were estimated to contribute roughly 8-12% of ancillary product revenue, with gross margins typically 4-8 percentage points above bulk fuel margins.\u003c\/p\u003e\n\u003cp\u003eThese higher-margin sales diversify the portfolio, deepen customer relationships through value-added services, and reduce fuel-price volatility exposure.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eHigher margins: +4-8 pp vs fuel\u003c\/li\u003e\n\u003cli\u003eRevenue mix: ~8-12% of ancillary sales (2024)\u003c\/li\u003e\n\u003cli\u003eClients: fleets, industrials, quick-serves\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAncillary Income and Incentives\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eAncillary income adds 4-6% of CrossAmerica's 2024 retail revenue, including brand rebates for fuel-volume tiers (about $12-15M annually), car wash and ATM fees, and commissions on third-party sales that help offset fixed site costs.\u003c\/p\u003e\n\u003cp\u003eHere's a quick breakdown:\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eBrand rebates: ~$12-15M (2024)\u003c\/li\u003e\n\u003cli\u003eCar wash\/ATM fees: 1-2% of retail sales\u003c\/li\u003e\n\u003cli\u003eThird-party commissions: modest but growing\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrong fuel throughput drives $480M EBITDA mix-$42M wholesale, $105M rental\/nonfuel\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCore fuel wholesale margin (~$0.05\/gal) on ~23M gal\/day ≈ $42M gross; rental\/nonfuel ~22% of adj. EBITDA (~$105M of $480M in 2024); company-operated sites: $1.2-1.6M sales\/site, fuel margin $0.12-0.18\/gal, in-store margin 25-35%; lubricants 8-12% ancillary, +4-8 pp margin; ancillary adds 4-6% retail revenue (~$12-15M rebates).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eThroughput\u003c\/td\u003e\n\u003ctd\u003e23M gal\/day\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWholesale margin\u003c\/td\u003e\n\u003ctd\u003e$0.05\/gal (~$42M)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRental\/nonfuel EBITDA\u003c\/td\u003e\n\u003ctd\u003e~22% (~$105M)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCompany-site sales\u003c\/td\u003e\n\u003ctd\u003e$1.2-1.6M\/site\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAncillary share\u003c\/td\u003e\n\u003ctd\u003e4-6% retail\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e","brand":"Value Chain Analysis","offers":[{"title":"Default Title","offer_id":57347932782923,"sku":"crossamericapartners-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1049\/6776\/6347\/files\/crossamericapartners-canvas-business-model.webp?v=1779132644","url":"https:\/\/valuechainanalysis.com\/products\/crossamericapartners-business-model-canvas","provider":"Value Chain Analysis","version":"1.0","type":"link"}