CrossAmerica Partners Reports Record Q1 2026 Earnings with 45% EBITDA Growth
CrossAmerica Partners (NYSE: CAPL) announced strong first-quarter 2026 financial results, marking a significant turnaround from the previous year. The company reported net income of $10.7 million, contrasting with a $7.1 million loss in the prior-year quarter. Adjusted EBITDA reached a record $35 million for the first quarter, representing a 45% year-over-year increase. This performance was primarily driven by improved retail fuel margins, which rose to 43.7 cents per gallon, and robust merchandise sales. Retail segment gross profit increased 18% to $74.3 million, aided by better sourcing costs and favorable market conditions, despite a 7% decline in same-store fuel volumes. Merchandise gross profit also hit a company high, rising 8% to $27 million with improved margins. Conversely, the wholesale segment saw an 8% decline in motor fuel gross profit due to lower volumes and ongoing portfolio shifts. Distributable cash flow more than doubled to $21.5 million, while leverage decreased to 3.35x as the company utilized property-sale proceeds to reduce debt. Management attributed the success to strategic expense controls, asset sales, and effective pricing strategies that maintained margin floors amidst volatile fuel prices.
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CrossAmerica Partners Reports Record Q1 2026 Earnings with 45% EBITDA Growth
CrossAmerica Partners (NYSE: CAPL) announced strong first-quarter 2026 financial results, marking a significant turnaround from the previous year. The company reported net income of $10.7 million, contrasting with a $7.1 million loss in the prior-year quarter. Adjusted EBITDA reached a record $35 million for the first quarter, representing a 45% year-over-year increase. This performance was primarily driven by improved retail fuel margins, which rose to 43.7 cents per gallon, and robust merchandise sales. Retail segment gross profit increased 18% to $74.3 million, aided by better sourcing costs and favorable market conditions, despite a 7% decline in same-store fuel volumes. Merchandise gross profit also hit a company high, rising 8% to $27 million with improved margins. Conversely, the wholesale segment saw an 8% decline in motor fuel gross profit due to lower volumes and ongoing portfolio shifts. Distributable cash flow more than doubled to $21.5 million, while leverage decreased to 3.35x as the company utilized property-sale proceeds to reduce debt. Management attributed the success to strategic expense controls, asset sales, and effective pricing strategies that maintained margin floors amidst volatile fuel prices.
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