Yesway Q2 2026: Revenue up 36%, Adjusted EBITDA up 35%, guidance raised to $235-$245M

summarizeSummary

Yesway reported Q2 2026 revenue of $920.8 million, up 36% year-over-year, with Adjusted EBITDA of $70.9 million, up 35%. Full-year Adjusted EBITDA guidance was raised to $235-$245 million. The 10-Q also discloses a new fuel supply agreement and a $92.3 million Tax Receivable Agreement liability.

check_boxKey Events · Earnings and Guidance · YSWY

• Q2 Revenue and EBITDA Growth

  Revenue increased 35.9% to $920.8 million, driven by a 52.7% increase in fuel sales. Adjusted EBITDA rose 35% to $70.9 million, with fuel margin expanding to 52.6 cents per gallon from 41.3 cents.

• Full-Year Guidance Raised

  Management raised full-year 2026 Adjusted EBITDA guidance to $235-$245 million, up from prior expectations, reflecting sustained fuel margin strength and new store contributions.

• New Fuel Supply Agreement

  Subsequent to quarter end, Yesway entered a new fuel supply agreement that increases minimum volume purchase requirements to 1,413,681 thousand gallons through 2031, up from 495,957 thousand gallons previously.

• Tax Receivable Agreement Liability

  The company recognized a $92.3 million liability under the Tax Receivable Agreement, payable primarily over the next 15 years, with a corresponding deferred tax asset of $41.6 million.

auto_awesomeAnalysis · YSWY · Trade & Services

A strong second quarter saw revenue climb 36% to $920.8 million and Adjusted EBITDA rise 35% to $70.9 million. Full-year Adjusted EBITDA guidance was raised to $235-$245 million, signaling confidence in sustained fuel margin strength and store growth. The 10-Q also reveals a new fuel supply agreement that significantly increases minimum volume commitments, along with a $92.3 million Tax Receivable Agreement liability from the IPO. These details add depth to the already-reported results and highlight both the operational momentum and the long-term cash obligations.