Articles > CrossAmerica Partners LP First Quarter 2026 Results
- CrossAmerica Partners LP reported first quarter 2026 net income of $10.7 million
- Adjusted EBITDA was $35.1 million with Distributable Cash Flow of $21.5 million
- Gross profit for the Retail Segment was $74.3 million, while the Wholesale Segment saw $23.3 million
- Leverage improved to 3.35 times as of March 31, 2026
- Distribution Coverage Ratio for the trailing twelve months was 1.25 times
CrossAmerica Partners LP, a wholesale fuels distributor, convenience store operator, and owner of real estate, released its financial results for the first quarter of 2026. The company reported a net income of $10.7 million, an increase from the previous year's net loss of $7.1 million. Adjusted EBITDA also improved to $35.1 million, and Distributable Cash Flow rose to $21.5 million compared to $9.1 million in the first quarter of 2025.
In terms of gross profit, the Retail Segment saw an increase to $74.3 million from $63.2 million in the first quarter of 2025. The Wholesale Segment, however, experienced a decrease to $23.3 million compared to $26.7 million in the previous year. The company's leverage, as defined in the CAPL Credit Facility, improved to 3.35 times as of March 31, 2026, from 4.27 times in the same period of 2025.
The Distribution Coverage Ratio for the trailing twelve months ended March 31, 2026, was 1.25 times, up from 1.04 times in 2025. The Board of Directors of CrossAmerica's General Partner declared a quarterly distribution of $0.5250 per limited partner unit attributable to the First Quarter of 2026. Additionally, Maura Topper was appointed as Chief Executive Officer and President, with Jon Benfield serving as Interim Chief Financial Officer effective March 2, 2026.
CrossAmerica's CEO and President, Maura Topper, expressed satisfaction with the first quarter results, citing a record level of Adjusted EBITDA. The company's strategic initiatives over the past years have contributed to the positive performance.
In other news, Pinnacle Financial Partners has appointed Martee Moseley as the market executive to lead the firm's expansion into Auburn, Ala. This marks Pinnacle's first entry into the Auburn market as they continue to focus on building in high-growth Southeastern communities. Construction Partners, Inc. is set to report its second-quarter fiscal 2026 results on May 8, following strong performance in the last reported quarter.
Adswerve has partnered with Amplitude to help brands and agencies connect behavioral insights to real-time action using AI-driven analytics. Secret Deodorant has teamed up with Intern Queen and Corporate Natalie to assist young women in navigating the corporate world. Nexxen has partnered with Unity to provide in-app video scale to advertisers in high-attention mobile gaming environments. Finally, Innventure has received a letter of support from Ascent Capital Partners, showing confidence in the company's strategic direction.
Virtus Investment Partners faces challenges as a structurally challenged asset manager, while Sentinel Capital Partners has agreed to sell NSI Industries for $3.0 billion. Natural Resource Partners L.P. reported first quarter 2026 results and declared a distribution of $0.75 per common unit.
For more information:
Up/Down Rally Price Distribution Analyst Recommendations Earning Price Impact Analysis Seasonality
CrossAmerica Partners LP First Quarter 2026 Results
By KlickAnalytics Data Insights | May 6, 2026 08:04PM ET
Key Points
- CrossAmerica Partners LP reported first quarter 2026 net income of $10.7 million
- Adjusted EBITDA was $35.1 million with Distributable Cash Flow of $21.5 million
- Gross profit for the Retail Segment was $74.3 million, while the Wholesale Segment saw $23.3 million
- Leverage improved to 3.35 times as of March 31, 2026
- Distribution Coverage Ratio for the trailing twelve months was 1.25 times
CrossAmerica Partners LP, a wholesale fuels distributor, convenience store operator, and owner of real estate, released its financial results for the first quarter of 2026. The company reported a net income of $10.7 million, an increase from the previous year's net loss of $7.1 million. Adjusted EBITDA also improved to $35.1 million, and Distributable Cash Flow rose to $21.5 million compared to $9.1 million in the first quarter of 2025.
In terms of gross profit, the Retail Segment saw an increase to $74.3 million from $63.2 million in the first quarter of 2025. The Wholesale Segment, however, experienced a decrease to $23.3 million compared to $26.7 million in the previous year. The company's leverage, as defined in the CAPL Credit Facility, improved to 3.35 times as of March 31, 2026, from 4.27 times in the same period of 2025.
The Distribution Coverage Ratio for the trailing twelve months ended March 31, 2026, was 1.25 times, up from 1.04 times in 2025. The Board of Directors of CrossAmerica's General Partner declared a quarterly distribution of $0.5250 per limited partner unit attributable to the First Quarter of 2026. Additionally, Maura Topper was appointed as Chief Executive Officer and President, with Jon Benfield serving as Interim Chief Financial Officer effective March 2, 2026.
CrossAmerica's CEO and President, Maura Topper, expressed satisfaction with the first quarter results, citing a record level of Adjusted EBITDA. The company's strategic initiatives over the past years have contributed to the positive performance.
In other news, Pinnacle Financial Partners has appointed Martee Moseley as the market executive to lead the firm's expansion into Auburn, Ala. This marks Pinnacle's first entry into the Auburn market as they continue to focus on building in high-growth Southeastern communities. Construction Partners, Inc. is set to report its second-quarter fiscal 2026 results on May 8, following strong performance in the last reported quarter.
Adswerve has partnered with Amplitude to help brands and agencies connect behavioral insights to real-time action using AI-driven analytics. Secret Deodorant has teamed up with Intern Queen and Corporate Natalie to assist young women in navigating the corporate world. Nexxen has partnered with Unity to provide in-app video scale to advertisers in high-attention mobile gaming environments. Finally, Innventure has received a letter of support from Ascent Capital Partners, showing confidence in the company's strategic direction.
Virtus Investment Partners faces challenges as a structurally challenged asset manager, while Sentinel Capital Partners has agreed to sell NSI Industries for $3.0 billion. Natural Resource Partners L.P. reported first quarter 2026 results and declared a distribution of $0.75 per common unit.
For more information:
Disclaimer: the above is a summary showing certain market information. KlickAnalytics is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from various resources and more. Communications displaying market prices, data and other information available in this post are meant for purely for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.