Crossamerica Partners LP ( (CAPL) ) has released its Q2 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 player in the wholesale distribution of motor fuels, operating convenience stores, and owning and leasing real estate for retail fuel distribution across the United States. The company has established significant partnerships with major oil brands, enhancing its footprint in the fuel distribution industry.
In its second quarter of 2025 earnings report, CrossAmerica Partners LP announced a notable increase in net income, reaching $25.2 million, a significant rise from $12.4 million in the same quarter of the previous year. The company also reported an adjusted EBITDA of $37.1 million and a distributable cash flow of $22.4 million, reflecting a mixed performance compared to the prior year.
Key financial highlights include a substantial net gain from asset sales and lease terminations, amounting to $28.4 million, which contributed to the increased net income. However, the adjusted EBITDA saw a decline due to reduced fuel and rent gross profit and higher operating expenses. The retail segment experienced a slight decrease in gross profit, while the wholesale segment faced a 12% decrease in gross profit, driven by a decline in motor fuel and rent gross profit.
The company continued its strategic divestment activities, selling 60 properties for $64.0 million, which helped reduce its debt and leverage ratio. Despite the challenges, CrossAmerica maintained a strong market position with its volume and store sales outperforming industry trends.
Looking ahead, CrossAmerica Partners LP remains focused on optimizing its portfolio for long-term performance, with management expressing confidence in their strategic initiatives to navigate the current market conditions and enhance shareholder value.