CrossAmerica Partners LP Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 results with adjusted EBITDA up 45% and net income of $10.7M, driven by strong retail fuel margins and merchandise sales. Asset sales and disciplined expense management reduced leverage and improved cash flow.
Fiscal Year 2025
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Strong Q4 and full year 2025 results featured robust fuel margins, record asset sales, and improved financial flexibility. Retail and wholesale segments delivered solid performance, with disciplined expense management and a strengthened balance sheet heading into 2026.
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Net income rose to $13.6M on strong asset sales and lower interest expense, despite a 6% drop in adjusted EBITDA. Retail and wholesale gross profits declined due to lower fuel margins and volumes, but inside sales and expense reductions provided partial offsets.
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Net income more than doubled year-over-year due to significant asset sales, despite lower adjusted EBITDA and distributable cash flow. Retail and wholesale segments outperformed national demand trends, and debt was reduced by over $50 million, improving leverage and interest expense.
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First quarter 2025 saw improved gross profits and margins despite subdued demand, adverse weather, and increased uncertainty from tariffs and volatile crude prices. Net loss narrowed year-over-year, and site conversions boosted retail performance, but distributable cash flow and coverage ratios declined.
Fiscal Year 2024
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Retail segment outperformed national trends in Q4 2024, with gross profit up 9% and strong same-store sales, while Wholesale gross profit declined due to site conversions. Full-year net income fell to $22.5M amid lower EBITDA and higher interest expense.
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Retail segment delivered strong profit growth and outperformed national trends despite soft demand, while wholesale results declined due to site conversions. Net income and distributable cash flow fell year-over-year, but leverage improved and property divestitures generated capital.
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Retail segment led performance with higher operating income and gross profit, despite soft industry demand. Net income and distributable cash flow declined year-over-year due to higher interest expense, while strategic site conversions and property divestitures supported growth and deleveraging.