CrossAmerica Partners LP this week reported financial results for the fourth quarter and full year ended December 31, 2025.
For the full year 2025, the company reported:
- Net income of $41.8 million, compared to $22.5 million in 2024
- Distributable cash flow of $87.8 million, compared to $86.0 million in 2024
- Gross profit for its retail segment of $302.2 million compared to $289.7 million in 2024
- A 4% year-over-year increase in gross profit for its retail segment
For the fourth quarter of 2025, the company reported:
- Net income of $10.2 million, compared to 2024 fourth quarter net income of $16.9 million
- Adjusted EBITDA of $43.4 million
- Distributable cash flow of $28.5 million
The 4% retail segment increase in 2025 was “driven by higher motor fuel and merchandise gross margins, offset partially by higher operating expenses. Average site count in the segment increased 4% year-over-year due to the conversion of certain lessee dealer sites to company operated sites, partially offset by the sale of certain company operated sites in connection with its real estate optimization effort,” according to the company.
“We delivered a solid fourth quarter, driven by strong retail and wholesale fuel margins, along with growth in same-store sales and store margin percentage, resulting in performance well above the prior year,” said Charles Nifong, president & CEO of CrossAmerica. “The quarter highlights the benefits of our strategic site conversions to retail, which enabled us to capitalize on a favorable margin environment. Throughout the year, we successfully divested non-core locations, generating over $100 million in proceeds that we used to materially reduce our debt and enhance our financial flexibility.”
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