CrossAmerica Partners LP is screened out under 2 exclusion reasons spanning 1 issue category.
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.
CrossAmerica Partners LP is a wholesale distributor of motor fuel to more than 1,600 gas stations across the United States. The company also operates convenience stores and leases or owns the underlying real estate for retail fuel sites. Its supply contracts include major integrated oil companies such as Marathon, Citgo, Phillips 66, Mobil, BP, and Shell.
In July 2020, CrossAmerica Partners LP and its parent company, Alimentation Couche-Tard Inc., agreed to pay a $3.5 million civil penalty to settle Federal Trade Commission allegations that they violated antitrust laws. The FTC alleged the companies failed to comply with a 2018 order by not providing prior notice of a retail fuel station acquisition in Virginia. This pattern of regulatory non-compliance is documented in other legal filings, including a 2024 court opinion and a Remedial Action Plan submitted to Pennsylvania environmental regulators concerning soil and groundwater contamination.
CrossAmerica Partners LP operates as a master limited partnership focused on the wholesale distribution of motor fuel. The company supplies fuel to approximately 1,700 retail locations, primarily convenience stores and gas stations, across the United States. Its core business involves the purchase, terminal storage, and transportation of gasoline and diesel for resale to retailers.
In early 2025, CrossAmerica accelerated a strategy of multi-site acquisitions to consolidate a fragmented fuel distribution market, actively expanding its downstream fossil fuel footprint. The company's operations are integral to the retail fuel supply chain, connecting refineries to end consumers. As noted in its regulatory filings, its business activities are subject to EPA rules requiring large sources to report greenhouse gas emissions in connection with its refining-related operations.
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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