| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 841.83 | 2.4% |
| Total Income | 841.83 | 2.4% |
| Expenditure | 818.08 | 4.9% |
| PBT | 13.16 | 222.9% |
| Net Profit | 10.66 | 249.7% |
| OPM | 2.82% | 2.59pp |
| NPM | 1.27% | 2.09pp |
| EPS | 0.26 | 230.0% |
CrossAmerica Partners LP Reports Q1 2026 Net Income of $10.7 million
07 May 2026 · 7 May, 2:12 am
Summary
CrossAmerica Partners LP reported financial results for the first quarter ended March 31, 2026. The company reported a net income of $10.7 million, a significant improvement compared to the net loss of $7.1 million in the first quarter of 2025. Adjusted EBITDA increased to $35.1 million from $24.3 million, and distributable cash flow rose to $21.5 million from $9.1 million. Maura Topper, CEO and President of CrossAmerica, noted that the strong first quarter was driven by strategic initiatives and increased exposure to retail operations.
Key Highlights
- 1
CrossAmerica Partners LP reported a net income of $10.7 million for the first quarter of 2026.
- 2
Adjusted EBITDA for Q1 2026 reached $35.1 million, compared to $24.3 million in Q1 2025.
- 3
Distributable cash flow for the first quarter of 2026 was $21.5 million, a significant increase from $9.1 million in the same period last year.
- 4
The distribution coverage ratio for the trailing twelve months ended March 31, 2026, was 1.25 times, compared to 1.04 times for the comparable period of 2025.
- 5
Retail segment gross profit increased to $74.3 million in Q1 2026 from $63.2 million in Q1 2025.
- 6
Leverage, as defined in the CAPL Credit Facility, was 3.35 times as of March 31, 2026, compared to 4.27 times as of March 31, 2025.
- 7
The Board of Directors declared a quarterly distribution of $0.5250 per limited partner unit attributable to the First Quarter of 2026.
Management Comments
Maura Topper
"We started the new year with a strong first quarter generating a record level of Adjusted EBITDA for the Partnership, as our business benefited from the strategic initiatives we have been focused on for the last several years,” said Maura Topper, CEO and President of CrossAmerica. “Our increased exposure to retail operations drove strong motor fuel and merchandise gross profit performance, while our team's disciplined focus on cost management helped us deliver solid results across the business. The fuels market has experienced significant volatility over the past several weeks, and I'm proud of how our team has executed through it — our model and our people are well-suited to navigate this kind of environment. We also continued to pay down our credit facility during the quarter, improving our interest expense and leverage, and further strengthening our balance sheet as we look ahead to the remainder of 2026."
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