CrossAmerica Partners LP

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.

CrossAmerica Partners LP reported strong financial results for the second quarter of 2026, with Adjusted EBITDA increasing 40% to $51.8 million and Distributable Cash Flow rising 50% to $33.6 million. Net income decreased to $20.8 million, primarily due to lower gains from real estate optimization efforts compared to the prior year. The Partnership declared a quarterly distribution of $0.5250 per limited partner unit and improved its leverage ratio to 3.57 times. Additionally, the company announced the appointment of Jonathan Benfield as Chief Financial Officer and an amendment to its Credit Facility extending its maturity.

CrossAmerica Partners LP reported mixed results for Q2 2026. Adjusted EBITDA increased to $51.8 million from $37.1 million year-over-year, and Distributable Cash Flow rose to $33.6 million from $22.4 million. However, Net Income decreased to $20.8 million from $25.2 million, primarily due to lower net gains from real estate optimization efforts. The Partnership declared a quarterly distribution of $0.5250 per unit and improved its trailing twelve-month Distribution Coverage Ratio to 1.39x. Additionally, the company amended its Credit Facility, extending its maturity to July 2031, and appointed Jonathan Benfield as its new Chief Financial Officer.

CrossAmerica Partners LP announced it will release its second quarter 2026 financial results after the market closes on Wednesday, August 5, 2026. Following the release, management will host a conference call on Thursday, August 6, 2026, at 9:00 a.m. Eastern Time to discuss the results. A live audio webcast of the call and related earnings materials will be accessible on the company's investor relations website.

CrossAmerica Partners LP and its subsidiary, Lehigh Gas Wholesale Services, Inc., entered into an amendment to their Credit Agreement. This amendment extends the maturity date of the credit facility from March 31, 2028, to July 15, 2031. Additionally, it removes the SOFR credit spread adjustment and modifies the Consolidated Leverage Ratio covenant, setting it at 5.00 to 1.00 until September 30, 2027, and then at 4.75 to 1.00 thereafter.

CrossAmerica Partners LP reported a significant turnaround in its first-quarter 2026 financial results, moving from a net loss to a net income available to limited partners of $9.97 million, or $0.26 per common unit. This improvement was driven by a substantial increase in operating income and gross profit, despite a slight decrease in operating revenues. The company also amended its master lease agreement with Getty, extending the term and securing a purchase option for 25 sites, while continuing its real estate rationalization efforts by divesting 16 properties.

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.

CrossAmerica Partners LP announced that its general partner's Board of Directors approved a quarterly distribution of $0.5250 per unit for the first quarter of 2026. This distribution, which annualizes to $2.10 per unit, is consistent with the amount paid for the fourth quarter of 2025. Unitholders of record on May 4, 2026, will receive the payment on May 14, 2026.

CrossAmerica Partners LP announced that its Board of Directors approved a quarterly distribution of $0.5250 per unit for the first quarter of 2026. This decision maintains the annualized distribution at $2.10 per unit. The distribution is scheduled to be paid on May 14, 2026, to unitholders of record as of May 4, 2026. The company also noted that it would release its first quarter 2026 earnings results on May 6, 2026, and host a conference call to discuss them on May 7, 2026.

CrossAmerica Partners LP announced it will release its first quarter 2026 financial results after the market closes on Wednesday, May 6, 2026. Following the release, management will host a conference call on Thursday, May 7, 2026, at 9:00 a.m. Eastern Time to discuss the results. A live audio webcast and related earnings materials will be accessible on the company's investor relations website.