CrossAmerica Q2 net income $14M ($0.35/unit) vs $4.8M; Adjusted EBITDA up 39% to $41.4M

CrossAmerica Partners LP

2023-Q2 EPS reported $0.49 revenue$2,568,244,000

Operating income $21.1M vs $8.2M YoY; net income $14.0M ($0.35/unit) vs $4.8M.
Adjusted EBITDA $41.4M (+39%); distributable cash flow $32.4M (+30%).
Wholesale gross profit $55.0M; 342.8M gallons distributed at 11.8¢ margin (up 28% YoY).
Retail gross profit $34.9M vs $21.1M; same-store retail gallons +2%.
Quarterly distribution maintained at $0.5250/unit; coverage ratio 1.63x current quarter, 1.48x TTM.

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