EBITDA GrowthLower customer volumes and a cut to '24-'28 EBITDA growth from 6–7% to below 5% reset expectations and limit upside to shares.
Management OutlookThe downward revision to long-term EBITDA guidance reflects management’s tempered outlook amid persistent volume challenges and macroeconomic uncertainty.
Retail Volume DeclineTotal retail gallons declined 0.2% YoY, and same-store volumes fell 3.2%, underscoring the impact of lower customer traffic and reduced transaction counts.