CrossAmerica Partners LP Reports Q3 2025 Financial Results
CrossAmerica Partners LP (CAPL) reported its Q3 2025 financial results, showing a net income of $13.6 million, up from $10.7 million in Q3 2024. Adjusted EBITDA declined from $43.9 million to $41.3 million. Key metrics include a gross profit of $80 million in retail and $24.8 million in wholesale, both down from last year. Operating expenses decreased by 5%, and leverage improved from 4.36 to 3.56 times. The distribution coverage ratio rose to 1.39 times, with a declared quarterly distribution of $0.5250 per unit. The company aims to enhance portfolio quality through strategic asset sales and operational efficiencies.
Crossamerica Partners LP ( (CAPL) ) has released its Q3 earnings. Here is a breakdown of the information Crossamerica Partners LP presented to its investors.
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CrossAmerica Partners LP is a prominent wholesale fuels distributor and convenience store operator, also owning and leasing real estate for retail fuel distribution across the United States. The company reported its third-quarter 2025 financial results, highlighting a net income of $13.6 million, an increase from $10.7 million in the same quarter of 2024, despite a slight decline in adjusted EBITDA from $43.9 million to $41.3 million.
Key financial metrics from the third quarter of 2025 include a gross profit of $80 million in the retail segment and $24.8 million in the wholesale segment, both showing a decrease compared to the previous year. The company also reported a decrease in operating expenses by 5% and a reduction in leverage from 4.36 times to 3.56 times. The distribution coverage ratio improved slightly to 1.39 times, and a quarterly distribution of $0.5250 per limited partner unit was declared.
The retail segment experienced a 4% decrease in gross profit due to a decline in motor fuel gross profit, while merchandise gross profit saw a 5% increase. The wholesale segment’s gross profit decreased by 10%, primarily due to a reduction in motor fuel and rent gross profit. CrossAmerica’s strategic asset sales generated approximately $22 million, aiding in debt reduction and operational cost management.
Looking ahead, CrossAmerica Partners LP remains focused on enhancing its portfolio’s long-term quality and performance through strategic asset sales and operational efficiencies. The management’s outlook suggests continued efforts to optimize real estate assets and maintain strong financial health.
