| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 971.85 | 1.0% | 9.9% |
| Total Income | 971.85 | 1.0% | 9.9% |
| Expenditure | 943.76 | 2.5% | 10.3% |
| PBT | 16.45 | 43.4% | 25.4% |
| Net Profit | 13.59 | 46.0% | 26.9% |
| OPM | 2.89% | 1.42pp | 0.38pp |
| NPM | 1.40% | 1.22pp | 0.41pp |
| EPS | 0.34 | 46.9% | 25.9% |
CrossAmerica Partners LP Reports Q3 2025 Net Income of $13.6 Million
04 May 2026 · 4 May, 8:02 am
Summary
CrossAmerica Partners LP reported financial results for the third quarter ended September 30, 2025. Net income for the quarter was $13.6 million, compared to $10.7 million for the third quarter of 2024. Adjusted EBITDA decreased to $41.3 million from $43.9 million year-over-year. The company's retail segment experienced a decrease in gross profit, while the wholesale segment also saw a decline. CrossAmerica continued its asset-sale initiative, completing approximately $22 million in transactions during the quarter.
Key Highlights
- 1
CrossAmerica Partners LP reported a net income of $13.6 million for the third quarter of 2025.
- 2
Adjusted EBITDA for Q3 2025 was $41.3 million, compared to $43.9 million in Q3 2024.
- 3
Distributable cash flow for the third quarter of 2025 was $27.8 million, versus $27.1 million for the same period in 2024.
- 4
The distribution coverage ratio for the third quarter of 2025 was 1.39 times, compared to 1.36 times for the third quarter of 2024.
- 5
Retail segment gross profit was $80.0 million for Q3 2025, compared to $83.6 million for Q3 2024.
- 6
Wholesale segment gross profit decreased by 10% to $24.8 million in Q3 2025 compared to $27.6 million in Q3 2024.
- 7
During the three months ended September 30, 2025, CrossAmerica sold 29 properties for $21.9 million in proceeds.
Management Comments
Charles Nifong
“We generated solid operating results for the third quarter,” said Charles Nifong, President and CEO of CrossAmerica Partners. “Our retail same-store sales, same-store merchandise margin percentage and overall merchandise margin dollars increased during the quarter. Retail same-store fuel volumes declined, reflecting both broader market trends during the quarter and deliberate pricing strategy adjustments within our commission class of trade. We also continued to make meaningful progress on our asset-sale initiative, completing approximately $22 million in transactions during the quarter. These sales enabled us to reduce debt by a similar amount, lower operating and administrative expenses, and further advance our strategic objective of enhancing the long-term quality and performance of our portfolio.
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