Quarterly ResultMay 6, 2026, 04:42 PM
CrossAmerica Reports Record Q1 Adjusted EBITDA of $35.1M
AI Summary
CrossAmerica Partners LP reported strong first-quarter 2026 financial results, achieving a record Adjusted EBITDA of $35.1 million, a 45% increase year-over-year. Net income significantly improved to $10.7 million from a loss in the prior year, and distributable cash flow surged by 136% to $21.5 million. The performance was driven by robust retail segment gross profit and disciplined cost management, alongside an improved leverage ratio. The company also declared a quarterly distribution of $0.5250 per unit and announced new CEO and interim CFO appointments.
Key Highlights
- Q1 2026 Adjusted EBITDA increased 45% to $35.1 million.
- Q1 2026 Net Income was $10.7 million, up from a $7.1 million loss in Q1 2025.
- Q1 2026 Distributable Cash Flow rose 136% to $21.5 million.
- Leverage ratio improved to 3.35x as of March 31, 2026, from 4.27x in Q1 2025.
- Retail segment gross profit increased 18% to $74.3 million.
- Wholesale segment gross profit decreased 13% to $23.3 million.
- Declared a quarterly distribution of $0.5250 per limited partner unit.
- Sold 16 sites for $12.7 million, generating a $6.3 million net gain.