Quarterly ResultAug 5, 2026, 04:18 PM
CrossAmerica Q2 Adj. EBITDA $51.8M, DCF $33.6M; Declares $0.5250 Distribution
AI Summary
CrossAmerica Partners LP reported mixed results for Q2 2026. Adjusted EBITDA increased to $51.8 million from $37.1 million year-over-year, and Distributable Cash Flow rose to $33.6 million from $22.4 million. However, Net Income decreased to $20.8 million from $25.2 million, primarily due to lower net gains from real estate optimization efforts. The Partnership declared a quarterly distribution of $0.5250 per unit and improved its trailing twelve-month Distribution Coverage Ratio to 1.39x. Additionally, the company amended its Credit Facility, extending its maturity to July 2031, and appointed Jonathan Benfield as its new Chief Financial Officer.
Key Highlights
- Adjusted EBITDA increased to $51.8M from $37.1M year-over-year.
- Distributable Cash Flow rose to $33.6M from $22.4M year-over-year.
- Net Income decreased to $20.8M from $25.2M year-over-year.
- Declared a quarterly distribution of $0.5250 per limited partner unit.
- Trailing twelve-month Distribution Coverage Ratio improved to 1.39x from 1.00x.
- Leverage was 3.57x as of June 30, 2026, down from 3.65x.
- Credit Facility maturity extended to July 15, 2031, via amendment.
- Jonathan Benfield was appointed Chief Financial Officer on July 20, 2026.
Price Impact
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