CrossAmerica Q3 operating income $39.6M, adjusted EBITDA $62.2M, up 73% YoY

CrossAmerica Partners LP

2022-Q3 EPS reported $1.20 revenue$3,842,651,000

Net income $27.6M ($0.71/diluted unit) vs $8.9M ($0.23) in Q3 2021.
Adjusted EBITDA $62.2M, +73% YoY; distributable cash flow $50.9M, +67%.
Wholesale gross profit $56.8M (338.1M gallons at 12.5¢/gal margin); retail gross profit $56.3M.
Leverage ratio 3.9x vs 5.1x at Dec 2021; distribution coverage 2.55x for Q3, 1.74x TTM.
Quarterly distribution declared $0.5250/unit; pending Community Service Stations acquisition expected accretive.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CrossAmerica Partners LP reported the third quarter ended September 30, 2022 results: net income $27.6 million, EPS $0.71 per diluted common unit.

Period: the third quarter ended September 30, 2022
Net income: $27.6 million
EPS: $0.71 per diluted common unit
Result: reported results

Exact text from the filing

CrossAmerica Partners LP (“CrossAmerica” or the “Partnership”) issued a press release announcing its financial results for the quarter ended September 30, 2022.

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CrossAmerica Partners LP filing history →

Source: SEC EDGAR

accession 0000950170-22-022773

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