CrossAmerica Partners posts Q1 profit on higher motor fuel margins, lower costs

Crossamerica Partners LP

06/05/2026 22:04

Overview

US fuel distributor and convenience store operator's Q1 net income rose to $10.7 mln from a yr-ago loss

Q1 Adjusted EBITDA increased to $35.1 mln, driven by higher motor fuel margins and merchandise profit

Company declared quarterly distribution and appointed new CEO and interim CFO, effective March 2

Outlook

Company did not provide specific guidance for the current or upcoming periods

Result Drivers

RETAIL MARGIN GAINS - Higher motor fuel margin per gallon and increased merchandise gross profit in the retail segment drove improved results

COST MANAGEMENT - Decline in operating and general and administrative expenses supported profitability

WHOLESALE SEGMENT DECLINE - Lower wholesale segment gross profit due to site sales, conversions to retail, and loss of dealer contracts

Company press release: ID:nGNE8RPfTF

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$10.70 mln
Q1 Adjusted EBITDA
$35.10 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."

The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 56 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)