Higher fuel margins drive 40% jump in CrossAmerica Partners Q2 adjusted EBITDA

summarizeSummary

CrossAmerica Partners posted Q2 2026 adjusted EBITDA of $51.8 million, a 40% year-over-year increase, fueled by higher fuel margins and improved merchandise profitability. Distributable cash flow reached $33.6 million, providing strong coverage of the $0.5250 quarterly distribution.

check_boxKey Events · Earnings and Guidance · CAPL

• Adjusted EBITDA Surges 40%

  Q2 2026 adjusted EBITDA reached $51.8 million, up from $37.1 million in Q2 2025, driven by a 33% increase in retail fuel margin per gallon and a 31% increase in wholesale fuel margin per gallon.

• Distributable Cash Flow Up 50%

  Distributable cash flow rose to $33.6 million from $22.4 million, resulting in a distribution coverage ratio of 1.68x for the quarter and 1.39x on a trailing twelve-month basis.

• Leverage Ratio Improves

  Leverage, as defined in the credit facility, declined to 3.57x as of June 30, 2026, from 3.65x a year earlier, reflecting debt paydown and higher EBITDA.

• Quarterly Distribution Maintained

  The Board declared a quarterly distribution of $0.5250 per unit, payable on August 13, 2026, to unitholders of record as of August 3, 2026.

auto_awesomeAnalysis · CAPL · Trade & Services

A sharp rise in fuel margins across both retail and wholesale segments powered a standout second quarter for CrossAmerica Partners. Adjusted EBITDA surged 40% year-over-year to $51.8 million, while distributable cash flow climbed 50% to $33.6 million, lifting the distribution coverage ratio to a comfortable 1.68x. The balance sheet also strengthened, with leverage easing to 3.57x. These results highlight the partnership's ability to thrive in volatile fuel markets while maintaining cost discipline and a steady $0.5250 quarterly distribution.