| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.2K | 40.0% | 22.6% |
| Total Income | 1.2K | 40.0% | 22.6% |
| Expenditure | 1.1K | 39.8% | 24.3% |
| PBT | 24.14 | 83.4% | 16.9% |
| Net Profit | 20.81 | 95.2% | 17.3% |
| OPM | 2.99% | 0.17pp | 1.32pp |
| NPM | 1.76% | 0.50pp | 0.85pp |
| EPS | 0.53 | 103.8% | 17.2% |
CrossAmerica Partners LP Reports Second Quarter 2026 Results
06 Aug 2026 · 6 Aug, 2:24 am
Summary
CrossAmerica Partners LP reported its financial results for the second quarter ended June 30, 2026. The company saw a significant increase in Adjusted EBITDA, which grew 40% year-over-year to $51.8 million, and Distributable Cash Flow, up 50% to $33.6 million. While Net Income decreased to $20.8 million from $25.2 million in the prior year, this was primarily attributed to lower net gains from real estate optimization efforts. Both the retail and wholesale segments demonstrated growth in gross profit, with the retail segment up 13% and the wholesale segment up 9%. Management highlighted the strong start to the year, continued execution, and improved merchandise margins as key drivers.
Key Highlights
- 1
CrossAmerica reported a Net Income of $20.8 million for the second quarter of 2026, compared to $25.2 million for the second quarter of 2025.
- 2
Adjusted EBITDA increased by 40% to $51.8 million in Q2 2026 from $37.1 million in Q2 2025.
- 3
Distributable Cash Flow saw a significant increase of 50% to $33.6 million in Q2 2026, up from $22.4 million in Q2 2025.
- 4
The Distribution Coverage Ratio for the trailing twelve months ended June 30, 2026, improved to 1.39 times from 1.00 times in the comparable period of 2025.
- 5
Retail segment gross profit increased by 13% to $85.7 million in Q2 2026 compared to $76.1 million in Q2 2025.
- 6
Wholesale segment gross profit increased by 9% to $27.1 million in Q2 2026 from $24.9 million in Q2 2025.
- 7
The Board of Directors declared a quarterly distribution of $0.5250 per limited partner unit attributable to the Second Quarter of 2026.
Management Comments
Maura Topper
The Partnership continued its strong start to the year, building on our very strong first quarter with another quarter of significant growth in Adjusted EBITDA and Distributable Cash Flow. I'm proud of how our team continued to execute with discipline through a volatile operating environment. One key area of success was our merchandise business with continued growth in merchandise margin percentage reflecting the strength of our convenience store operations and programs. Combined with our continued focus on cost management, these results allowed us to again pay down our credit facility during the quarter, further strengthening our balance sheet and providing increased flexibility and investment opportunities for the remainder of this year and beyond.
Informational and educational content only. Not investment advice.