Q3 2025 Crossamerica Partners LP Earnings Call Transcript

Nov 06, 2025 / 02:00PM GMT

Release Date Price: $20.53 (+2.45%)

Transcript 8-K10-Q

Key Points

Positve

CrossAmerica Partners LP (CAPL) reported an increase in net income to $13.6 million for Q3 2025, up from $10.7 million in Q3 2024.
The company achieved a 5% increase in merchandise gross profit, driven by strong growth in higher margin categories.
Inside sales, excluding cigarettes, increased by 4% year-over-year on a same-store basis for the quarter.
CAPL successfully reduced its credit facility balance by $21.5 million during the third quarter, strengthening its financial position.
The company realized approximately $100 million in proceeds from asset sales year-to-date, marking its biggest year ever for asset sales.

Negative

Retail segment gross profit decreased by 4% to $80 million, primarily due to lower Retail fuel margins.
Wholesale segment gross profit declined by 10% to $24.8 million, driven by a decline in fuel volume, fuel margin, and rental income.
Adjusted EBITDA for Q3 2025 declined by 6% compared to the prior year, primarily due to a decline in fuel and rent gross profit.
Retail fuel volume on a same-store basis declined by 4% year-over-year for the quarter.
Wholesale volume decreased by 5% year-over-year, reflecting a decline in demand and conversion of sites to the Retail segment.

Operator

Good morning, ladies and gentlemen, and welcome to the CrossAmerica Partners third-quarter 2025 earnings call. (Operator Instructions) This call is being recorded on Thursday, November 6, 2025. I would now like to turn the conference over to Maura Topper, Chief Financial Operator. Please go ahead.

Maura Topper

Crossamerica Partners LP - Director of CrossAmerica GP LLC, Chief Financial Officer

Thank you, operator. Good morning and thank you for joining the CrossAmerica Partners third-quarter 2025 earnings call. With me today is Charles Nifong, CEO and President.

We'll start off the call today with Charles providing some opening comments and an overview of CrossAmerica's operational performance for the third quarter, and then I will discuss the financial results. We will then open up the call to questions. Today's call will follow presentation slides that are available as part of the webcast and are posted on the CrossAmerica website.

Before we begin, I would like to remind everyone that today's call, including the question-and-answer session,

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