Quarterly ResultAug 5, 2026, 04:58 PM
CrossAmerica Q2 Revenue $1.18B, Net Income $20.8M; Extends Credit Facility
AI Summary
CrossAmerica Partners LP reported mixed financial results for Q2 2026, with operating revenues increasing to $1.18 billion but net income decreasing to $20.8 million. For the six months ended June 30, 2026, operating revenues rose to $2.02 billion and net income significantly increased to $31.5 million. The company also announced a Credit Facility Amendment extending its maturity to July 2031 and a Getty lease amendment resetting rents and providing a purchase option for up to 25 sites.
Key Highlights
- Credit Facility maturity extended from March 2028 to July 2031.
- Getty lease amended, extending term to April 2037 with purchase option for 25 sites.
- Q2 2026 operating revenues increased 22.6% to $1.18 billion.
- Q2 2026 net income decreased 17.3% to $20.8 million.
- Six-month operating revenues increased 10.8% to $2.02 billion.
- Six-month net income surged 74.3% to $31.5 million.
- Six-month basic EPS rose 79.5% to $0.79.
- Net cash from operating activities increased 62.1% to $61.1 million for six months.
Price Impact
More from CAPL