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

summarizeSummary

Yesway reported Q2 2026 results with Adjusted EBITDA up 35% to $70.9M and raised full-year guidance to $235-$245M. The company also plans to sell 29 Iowa/Kansas stores by year-end.

check_boxKey Events · Earnings and Guidance · YSWY

• Q2 Adjusted EBITDA up 35%

  Adjusted EBITDA rose to $70.9 million from $52.5 million a year ago, driven by a 27.4% increase in fuel margin to 52.6 cents per gallon and a 50 basis point improvement in inside merchandise margin to 35.7%.

• Full-year guidance raised

  Management increased 2026 Adjusted EBITDA guidance to $235-$245 million from $210-$220 million, implying a $25 million midpoint raise, while reaffirming same-store sales growth of 1.25%-3.25% and capex of $85-$95 million.

• Divestiture of 29 stores

  Yesway expects to sell its 29-store Iowa and Kansas portfolio by year-end 2026; excluding these stores, same-store inside merchandise sales growth was 1.5% and fuel gallons growth was 1.8% in Q2.

• Strong balance sheet

  Cash and equivalents stood at $81.6 million as of June 30, 2026, with total debt of $618.4 million; operating cash flow for the quarter was $56.6 million, up from $35.7 million a year ago.

auto_awesomeAnalysis · YSWY · Trade & Services

Yesway delivered a strong second quarter with Adjusted EBITDA up 35% year-over-year to $70.9 million, driven by record fuel margins and solid inside merchandise growth. Management raised full-year Adjusted EBITDA guidance by $25 million at the midpoint, reflecting confidence in continued momentum. The company also announced plans to divest 29 underperforming Iowa and Kansas stores by year-end, which should improve same-store metrics and free up capital for growth.