CrossAmerica Partners vs TXO Partners

CrossAmerica Partners LP and TXO Partners LP are compared on this page, covering their business models, financial performance, and market context in plain, accessible terms. The aim is to present neutral insights that help readers understand how each company operates and positions itself in the market. Educational content, not financial advice.

CrossAmerica Partners LP and TXO Partners LP are compared on this page, covering their business models, financial performance, and market context in plain, accessible terms. The aim is to present neut...

Comparison Snapshot

Key Financial Metrics

CAPL

Metric

TXO

$838.65M

Market Cap

$596.05M

N/A

Potential Profit

83.42%

Hold

Analyst Rating

Strong Buy

Investment Analysis

CrossAmerica Partners

CAPL

Pros

CrossAmerica Partners operates a large, integrated network in wholesale and retail fuel distribution, ensuring steady demand and market presence.
The company reported a significant net income increase in Q2 2025 to $25.2 million, up from $12.4 million year-over-year, indicating improved profitability.
CrossAmerica has strengthened its balance sheet by reducing debt by over $50 million and improving its leverage ratio from 4.36x to 3.65x within 2025.

Considerations

Adjusted EBITDA and distributable cash flow declined year-over-year in Q2 2025, suggesting some operational earnings pressure.
The wholesale segment experienced a 12% decline in gross profit, highlighting vulnerability in one of its key revenue streams.
The company has a relatively low quick ratio of 0.22 and current ratio below 1, indicating potential short-term liquidity constraints.

TXO Partners

TXO

Pros

TXO Partners focuses on the acquisition and development of oil, natural gas, and liquids reserves in key North American basins, providing growth potential.
The company has a robust dividend yield of over 10%, which is attractive for income-focused investors in the energy sector.
TXO’s enterprise value has remained relatively stable with manageable volatility, reflecting market confidence in its asset base and operations.

Considerations

TXO operates in the highly cyclical oil and gas exploration sector, exposing it to commodity price volatility risks.
The company’s market cap and scale remain relatively small ($700M-$800M), which can limit liquidity and increase stock price volatility.
TXO's focus on upstream activities entails higher execution risks related to resource development and fluctuating operational costs.

About The Companies

CrossAmerica Partners (CAPL)

CrossAmerica Partners LP is a key player in the US motor fuel industry. Structured as a Master Limited Partnership (MLP), its business is split into two main areas: Wholesale and Retail. The Wholesale segment is responsible for distributing motor fuel to a large network of lessee dealers and independent dealers across 34 states. It handles well-known brands like Exxon, Shell, and BP. The Retail segment covers the direct sale of motor fuel and convenience items at sites it operates. The company owns or leases around 1,100 sites, showcasing a significant real estate component to its operations. Investors might look at CrossAmerica for its role in the energy supply chain and its business model that combines fuel distribution with convenience retail. As with any investment, it's important to remember that past performance is not indicative of future results and capital is at risk.

TXO Partners (TXO)

TXO Partners LP (TXO) is a publicly listed limited partnership with a market capitalisation of $696.86M. Structured as an LP, it typically distributes cash to unitholders and may report tax information via a K‑1 rather than a dividend. Investors should know that earnings and distributions can be sensitive to commodity prices, asset utilisation and contract terms, and that governance and capital-allocation decisions are often driven by the general partner. Smaller-cap partnerships can have lower liquidity and wider trading spreads, which may amplify price moves. Operational, counterparty and regulatory risks — including environmental rules — can materially affect results. TXO may appeal to investors seeking income and sector exposure, but payouts can vary and past performance is not a guide to future returns. This summary is educational only and not personal financial advice; consider reviewing the partnership’s financial reports and consult a qualified adviser to assess suitability for your circumstances.

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Comparison Snapshot