CROSSAMERICA PARTNERS LPI

CrossAmerica Partners reported record first-quarter adjusted EBITDA of about $35 million, up 45% year over year, and net income of $10.7 million versus a prior-year loss. Results were driven by higher retail fuel margins (43.7 cents/gal), improved merchandise sales and margins, and ongoing expense control. Distributable cash flow more than doubled to $21.5 million, and asset sales funded debt reduction, bringing leverage down to 3.35x. Management said capital spending remains focused on food-related growth at company-operated sites while continuing real estate rationalization. » More on finance.yahoo.com

CrossAmerica Partners said that Stephen J. Lattig will resign from his position as senior vice president for the retail business effective October 31. The notice to the company was given on September 29; the resignation is not the result of disagreements with the board or management. The announcement was made in a required filing submitted to the U.S. securities regulator. » More on de.investing.com

CrossAmerica Partners doubled its net profit to $25.2 million in the second quarter of 2025, with growth mainly driven by non-operating income. Despite the increase in profit, both main business segments saw operational declines, and the distribution coverage ratio fell to a critical level. The company is maintaining its dividend, but faces challenges regarding the sustainability of its payout and operational performance. » More on de.investing.com