CrossAmerica Q2 Adjusted EBITDA $51.8M, DCF $33.6M
CrossAmerica Partners LP reported strong financial results for the second quarter of 2026, with Adjusted EBITDA increasing 40% to $51.8 million and Distributable Cash Flow rising 50% to $33.6 million. Net income decreased to $20.8 million, primarily due to lower gains from real estate optimization efforts compared to the prior year. The Partnership declared a quarterly distribution of $0.5250 per limited partner unit and improved its leverage ratio to 3.57 times. Additionally, the company announced the appointment of Jonathan Benfield as Chief Financial Officer and an amendment to its Credit Facility extending its maturity.
Key Highlights
- Adjusted EBITDA increased 40% to $51.8 million for Q2 2026.
- Distributable Cash Flow rose 50% to $33.6 million for Q2 2026.
- Net income for Q2 2026 was $20.8 million, down from $25.2 million in Q2 2025.
- Declared a quarterly distribution of $0.5250 per limited partner unit.
- Leverage ratio improved to 3.57 times as of June 30, 2026.
- Retail segment gross profit increased 13% to $85.7 million.
- Wholesale segment gross profit increased 9% to $27.1 million.
- Credit Facility maturity extended to July 15, 2031, removing SOFR credit spread adjustment.
Price Impact
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