CrossAmerica Q2 adjusted EBITDA rises on higher fuel margins

Crossamerica Partners LP

05/08/2026 21:27

Overview
U.S. fuels distributor's Q2 adjusted EBITDA rose yr/yr, net income declined on lower real estate gains
Company raised quarterly distribution to $0.5250 per unit for Q2 2026
Jonathan Benfield appointed CFO effective July 20, 2026

Outlook
Company says volatile operating environment continues to impact business conditions

Result Drivers
HIGHER FUEL MARGINS - Co said increased motor fuel margin per gallon in both retail and wholesale segments drove adjusted EBITDA growth
MERCHANDISE PROFIT - Merchandise gross profit increased despite fewer stores, with higher same store sales excluding cigarettes and improved gross profit percentage
LOWER OPERATING EXPENSES - Operating expenses declined in both retail and wholesale segments, attributed to portfolio optimization efforts

Company press release: ID:nGNE9KrGPt

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
$20.8 mln
 
Q2 Adjusted EBITDA
 
$51.8 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 22 times the next 12-month earnings vs. a P/E of 41 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.)