CrossAmerica Q2 profit falls to $20.8 million; adjusted EBITDA rises to $51.8 million
CrossAmerica Partners LP reported second quarter 2026 net income of $20.8 million, down from $25.2 million a year earlier, mainly because real estate gains fell to $1.1 million from $29.7 million. Adjusted EBITDA rose to $51.8 million from $37.1 million, and distributable cash flow rose to $33.6 million from $22.4 million, while the board declared a $0.5250 per unit quarterly distribution.
Key points
- Net income was $20.8 million vs $25.2 million; diluted earnings per unit were $0.52 vs $0.64.
- Operating revenues were $1.2 billion vs $961.9 million, and retail margin per gallon was $0.492 vs $0.370.
- Distributable cash flow was $33.6 million vs $22.4 million; the distribution of $0.5250 per unit is payable August 13, 2026.
- Jonathan Benfield was appointed Chief Financial Officer on July 20, 2026, and a credit facility amendment on July 15, 2026 extended maturity to July 15, 2031.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.