Crossamerica partners expects to generate adj ebitda of $125 mln to $135 mln for 2020

Announces elimination of incentive distribution rights (idrs), agreement to purchase retail and wholesale assets and provides guidance for 2020.crossamerica partners lp - crossamerica expects to generate adjusted ebitda of $125 million to $135 million for 2020.crossamerica partners lp - expects distributable cash flow of $100 million to $110 million for 2020.crossamerica partners lp - co, investment entities controlled by joe topper announced execution of definitive agreement to eliminate all of co's idr.crossamerica partners lp - to eliminate all of co's idrs in exchange for about 2.5 million newly issued capl common units.crossamerica partners lp - terms of transaction were unanimously approved by board of directors of general partner of crossamerica.crossamerica - purchase price to acquire retail, wholesale assets is $36 million with $21 million paid in cash & about 0.8 million newly issued capl common units.crossamerica partners lp - anticipated retail and wholesale assets transaction will be immediately accretive to distributable cash flow.
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