CrossAmerica Partners LP Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 net income $8.8M, down from $13.6M year over year
- ➤Q3 Adjusted EBITDA $38.7M, down from $41.3M year over year
- ➤Trailing-twelve-month distribution coverage 1.32x, up from 1.00x
- ➤Quarterly distribution declared at $0.5250 per limited partner unit
- ➤15 sites sold for $10.6M, generating a $2.9M net gain
Expert Statements
Maura Topper, CEO and President of CrossAmerica Partners
“While higher fuel prices pressured volumes in the third quarter, our team continued to deliver on the things we can control. Our merchandise business again delivered, with continued growth in merchandise margin percentage reflecting the strength of our convenience store operations and programs, and our focus on cost management drove lower operating expenses across the business. These results, together with solid fuel margins, keep us materially ahead of last year through the first nine months in both Adjusted EBITDA and Distributable Cash Flow.”
CrossAmerica Partners LP Reports Third Quarter 2026 Results * Reported Third Quarter of 2026 Net Income of $8.8 million, Adjusted EBITDA of $38.7 million and Distributable Cash Flow of $21.8 million compared to Net Income of $13.6 million, Adjusted EBITDA of $41.3 million and Distributable Cash Flow of $27.8 million for the Third Quarter of 2025 * Reported Third Quarter of 2026 Gross Profit for the Retail Segment of $78.0 million compared to $80.0 million of Gross Profit for the Third Quarter of 2025 and Third Quarter of 2026 Gross Profit for the Wholesale Segment of $23.1 million compared to $24.8 million of Gross Profit for the Third Quarter of 2025 * Leverage, as defined in the CAPL Credit Facility, was 3.72 times as of September 30, 2026, compared to 3.56 times as of September 30, 2025 * The Distribution Coverage Ratio for the trailing twelve months ended September 30, 2026, was 1.32 times compared to 1.00 times for the comparable period of 2025 * The Board of Directors of CrossAmerica's General Partner declared a quarterly distribution of $0.5250 per limited partner unit attributable to the Third Quarter of 2026 Allentown, PA November 4, 2026 – CrossAmerica Partners LP (NYSE: CAPL) (“CrossAmerica” or the “Partnership”), a leading wholesale fuels distributor, convenience store operator, and owner and lessor of real estate used in the retail distribution of motor fuels, today reported financial results for the third quarter ended September 30, 2026.
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