Crossamerica Partners LP | 10-Q: FY2025 Q3 Revenue: USD 971.85 M

Revenue: As of FY2025 Q3, the actual value is USD 971.85 M.

EPS: As of FY2025 Q3, the actual value is USD 0.34, beating the estimate of USD 0.07.

EBIT: As of FY2025 Q3, the actual value is USD 28.24 M.

Wholesale Segment

• Revenues from Fuel Sales to External Customers: $401.161 million for the three months ended September 30, 2025, compared to $456.447 million for the same period in 2024.
• Gross Profit: $24.785 million for the three months ended September 30, 2025, compared to $27.639 million for the same period in 2024.
• Operating Income: $17.884 million for the three months ended September 30, 2025, compared to $19.097 million for the same period in 2024.

Retail Segment

• Revenues from Fuel Sales to External Customers: $438.828 million for the three months ended September 30, 2025, compared to $490.162 million for the same period in 2024.
• Revenues from Food and Merchandise Sales: $110.685 million for the three months ended September 30, 2025, compared to $109.441 million for the same period in 2024.
• Gross Profit: $79.985 million for the three months ended September 30, 2025, compared to $83.587 million for the same period in 2024.
• Operating Income: $29.345 million for the three months ended September 30, 2025, compared to $31.363 million for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $62.065 million for the nine months ended September 30, 2025, compared to $76.672 million for the same period in 2024.
• Net Cash Provided by (Used in) Investing Activities: $66.223 million for the nine months ended September 30, 2025, compared to -$26.562 million for the same period in 2024.
• Net Cash Used in Financing Activities: -$125.903 million for the nine months ended September 30, 2025, compared to -$47.335 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue evaluating the highest and best use class of trade for each property, which may result in conversions and divestitures to optimize gross profit and operating income. The Applegreen Acquisition and other conversions are expected to increase gross profit and operating expenses in the retail segment while reducing gross profit in the wholesale segment.
• Non-Core Business: The company anticipates continuing to divest certain lower-performing assets, which may result in gains or impairment charges and reductions in gross profit and operating income. Proceeds from these sales are expected to be used to pay down borrowings, potentially decreasing interest expenses.