What were the key takeaways from CrossAmerica’s earnings call?

What guidance did CrossAmerica's management provide for the next earnings period?

What does CrossAmerica do and what are its main business segments?

What were the key takeaways from CrossAmerica's earnings call?

What is CrossAmerica's gross profit margin?

What factors drove the changes in CrossAmerica's revenue and profit?

Did CrossAmerica beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for CrossAmerica year over year?

- **Revenue Decline**: Retail (-4%) and Wholesale (-10%) segments underperformed due to lower fuel margins and volume declines.
- **Inside Sales Growth**: 4% same-store growth (excluding cigarettes) driven by higher-margin categories.
- **Asset Sales Impact**: $100M YTD proceeds reduced debt by $62M, lowering leverage to 3.56x.
- **Expense Efficiency**: 6% YoY decline in operating expenses, with G&A down 11%.
- **Liquidity Strength**: Distributable cash flow stable at $27.8M, supported by reduced interest costs.

**【Management Opening Remarks】**
- Maura Topper provided an overview of the call structure, emphasizing operational and financial highlights for Q3 2025. She reminded listeners of the risks associated with forward-looking statements and non-GAAP measures.

**【CEO Operational Summary】**
- **Retail Segment**: Gross profit declined 4% to $80 million due to lower fuel margins ($0.384 vs. $0.406 per gallon) and 4% volume decline. Inside sales grew 4% (3% excluding cigarettes), driven by higher-margin categories like packaged beverages and food. Same-store volume underperformed national demand (-2.5% vs. -2.5% market decline). Site divestitures reduced company-operated sites by 8 and commission sites by 3.
- **Wholesale Segment**: Gross profit fell 10% to $24.8 million due to 5% volume decline and margin contraction. 177.7M gallons sold (-5% YoY). Asset sales generated $22M, reducing debt by $21.5M and lowering leverage to 3.56x (from 4.36x YoY).
- **Strategic Actions**: Sold 29 sites for $100M YTD, exceeding prior-year asset sales. Focused on optimizing portfolio for long-term success.

**【CFO Financial Commentary】**
- **Net Income**: $13.6M (vs. $10.7M YoY), driven by $7.4M asset sale gains and $1.3M interest expense decline.
- **Adjusted EBITDA**: $41.3M (-6% YoY), offset by $4M expense savings.
- **Distributable Cash Flow**: $27.8M (flat YoY) due to lower interest and capex.
- **Liquidity**: Reduced revolver balance to $705.5M, improving coverage ratio to 1.39x.
- **Expense Management**: Operating expenses down 6% ($57.5M vs. $60.7M YoY), with G&A down 11% and site-level costs optimized.

**【Q&A Highlights】**
- No questions were asked during the session.

CrossAmerica Partners LP Common Units (CAPL) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

CAPL

CAPL fundamentals

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