earnings
confidence high
sentiment positive
materiality 0.75
CrossAmerica Q2 2026: Adj EBITDA $51.8M, DCF $33.6M, coverage 1.68x; new CFO
CrossAmerica Partners LP
- Net income $20.8M (down from $25.2M); Adj EBITDA $51.8M (up 40%); DCF $33.6M (up 50%).
- Distribution coverage 1.68x current quarter (1.12x prior); TTM 1.39x (1.00x); quarterly distribution $0.5250/unit.
- Retail gross profit $85.7M (+13% YoY); merchandise margin 29.5% (28.2% prior); same-store merchandise sales ex-cigarettes +1%.
- Wholesale gross profit $27.1M (+9% YoY); fuel margin per gallon +31%; volume -11% due to portfolio optimization.
- Appointed Jonathan Benfield as CFO (July 20); credit facility amended, maturity extended to July 2031, SOFR spread removed.