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( Mark One ) ✓ ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30 , 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Delaware ( State or Other Jurisdiction of Incorporation or Organization ) Commission File No. 001-35711 CAP CROSSAMERICA PARTNERS LP CROSSAMERICA PARTNERS LP ( Exact name of registrant as specified in its charter ) 600 Hamilton Street , Suite 500 Allentown , PA ( Address of Principal Executive Offices ) Securities registered pursuant to Section 12 ( b ) of the Act : Title of each class Common Units Trading Symbol ( s ) CAPL 45-4165414 ( I.R.S. Employer Identification No. ) 18101 ( Zip Code ) ( 610 ) 625-8000 ( Registrant's telephone number , including area code ) Name of each exchange on which registered New York Stock Exchange Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes ☑ No □ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( §232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes ✓ No ☐ Indicate by check mark whether the Registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of “ large accelerated filer , ” “ accelerated filer , ” “ smaller_reporting company , " and " emerging growth company ” in Rule 12b - 2 of the Exchange Act . Large accelerated filer ☐ Non - accelerated filer Accelerated filer ☑ Smaller reporting company ☐ Emerging growth company □ If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . ☐ Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes □ As of August 5 , 2021 , the registrant had outstanding 37,891,701 common units . No ☑ Commonly Used Defined Terms TABLE OF CONTENTS PART I - FINANCIAL INFORMATION Item 1. Financial Statements Consolidated Balance Sheets as of June 30 , 2021 and December 31 , 2020 Consolidated Statements of Operations for the Three and Six Months Ended June 30 , 2021 and 2020 Consolidated Statements of Cash Flows for the Six Months Ended June 30 , 2021 and 2020 PAGE 1 1 2 II23