Earnings Releases·Nov 4, 2026, 4:46 PM ET

CrossAmerica Partners LP — Third Quarter 2026 Earnings Summary

Q3 2026 Net Income, Adjusted EBITDA, and Distributable Cash Flow declined year-over-year to $8.8 million, $38.7 million, and $21.8 million respectively, driven by lower motor fuel volumes in both retail and wholesale segments due to higher fuel prices.
Leverage increased to 3.72 times as of September 30, 2026, from 3.56 times in the prior year period, while the trailing twelve-month distribution coverage ratio improved to 1.32 times from 1.00 times.
Management reported results through the first nine months of 2026 are materially ahead of the prior year in Adjusted EBITDA and Distributable Cash Flow, supported by a 16% reduction in wholesale operating expenses and a 5% increase in retail fuel margin per gallon.
The Board declared a Q3 2026 distribution of $0.5250 per unit; the company also divested 15 retail sites for $10.6 million in proceeds during the quarter and maintains $237 million available for future borrowings under its Credit Facility.