CrossAmerica Partners Sees Year-Over-Year Growth in Q1

CrossAmerica Partners LP recently reported its financial results for the first quarter ended March 31, 2026.

The company reported:

• A first quarter of 2026 net income of $10.7 million, compared to a net loss of $7.1 million for the first quarter of 2025.

• First quarter of 2026 gross profit for the retail segment of $74.3 million compared to $63.2 million of gross profit for the first quarter of 2025.

• First quarter of 2026 gross profit for the wholesale segment of $23.3 million compared to $26.7 million of gross profit for the first quarter of 2025.

• The distribution coverage ratio for the trailing twelve months ended March 31, 2026 was 1.25 times compared to 1.04 times for the comparable period of 2025.

The company said that during the three months ending March 31, 2026, it sold 16 sites for $12.7 million in proceeds, resulting in a net gain of $6.3 million.

"We started the new year with a strong first quarter generating a record level of Adjusted EBITDA for the Partnership, as our business benefited from the strategic initiatives we have been focused on for the last several years," said Maura Topper, CEO and president of CrossAmerica. "Our increased exposure to retail operations drove strong motor fuel and merchandise gross profit performance, while our team's disciplined focus on cost management helped us deliver solid results across the business. The fuels market has experienced significant volatility over the past several weeks, and I'm proud of how our team has executed through it—our model and our people are well-suited to navigate this kind of environment."

In other recent CrossAmerica news, last month the retailer announced that it joined Mako Networks' new "All-In" program, which will bring almost 1,600 total eligible locations onto Mako's next-generation, cloud-managed retail connectivity platform. Installations are reportedly underway and will continue throughout 2026.