CrossAmerica Partners LP this week reported financial results for the first quarter ended March 31, 2025. In Q1, the retailer reported a net loss of $7.1 million, down from $17.5 million the year before, adjusted EBITDA of $24.3 million ($23.6 million in Q1 2024) and distributable cash flow of $9.1 million compared to $11.7 million for the first quarter of 2024.

“The first quarter was once again a challenging start to the year for the industry overall. While our EBITDA improved modestly compared to the prior year, our results reflect the difficult operating environment,” said Charles Nifong, president and CEO of CrossAmerica. “Our retail fuel volume was in line with the broader market, and we outperformed in same-store merchandise sales. A highlight of the quarter was the relative strength of our fuel margins across both our wholesale and retail segments. We also continued to successfully execute our asset rationalization strategy and, through our ongoing initiatives such as optimizing sites by class of trade, further enhanced the strength of our portfolio for the future.”

CrossAmerica also reported $63.2 million of gross profit for its retail segment in Q1 2025, compared to $54.4 million the year before. In its wholesale business, the company reported gross profit of $26.7 million, down from $27.0 million in the first quarter of 2024.

In 2024, NACS Daily reported that CrossAmerica and its Lehigh Gas Wholesale Services Inc. subsidiary entered into an agreement to acquire 59 convenience stores from Applegreen Midwest and Applegreen Florida for $16.9 million. The c-stores were in Michigan, Minnesota, Wisconsin and Florida.