earnings
confidence high
sentiment negative
materiality 0.75
CrossAmerica Q3 net income falls to $12.3M from $27.6M YoY
CrossAmerica Partners LP
2023-Q3 EPS reported
$0.63
revenue$3,371,578,000
- Q3 2023 net income $12.3M, adjusted EBITDA $44.2M, distributable cash flow $31.4M.
- Retail segment gross profit $67.6M vs $80.6M YoY; wholesale gross profit $32.9M vs $34.1M.
- Same-store merchandise sales (ex cigarettes) up to $53.3M; gross profit margin 28.7% (vs 27.1%).
- Distribution coverage ratio 1.57x for Q3; leverage 4.35x; declared $0.5250/unit distribution.