CrossAmerica Partners LP 1Q 2026: Revenue $841.8M, EPS $0.26— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.CrossAmerica Partners LP reported Q1 2026 revenue of $841.8M, down 2.4% from $862.5M in Q1 2025. The partnership achieved a net income of $10.7M, a turnaround from a loss of $7.1M a year earlier, with diluted EPS of $0.26 compared to $(0.20) in Q1 2025. Gross profit increased by 9% due to improved retail fuel and merchandise margins. Strategic shifts in operations and lower costs contributed to enhanced operating income and cash flow.
CrossAmerica Partners LP reported first-quarter 2026 results with revenue of $841.8M, a slight decline from $862.5M a year earlier, while the partnership swung to a consolidated net income of $10.7M and delivered diluted EPS of $0.26.
Financial Highlights
- Revenue was $841.8M for Q1 2026, compared with $862.5M in Q1 2025; YoY change (2.4%).
- Net income was $10.7M consolidated for Q1 2026, versus $(7.1) M in Q1 2025 (turnaround to profit YoY).
- Diluted EPS was $0.26 for Q1 2026, versus $(0.20) in Q1 2025 (improvement YoY).
Business Highlights
- Gross profit rose 9% driven by stronger retail fuel and merchandise margins despite modest revenue decline.
- Strategic conversions and real estate optimization shifted volume from wholesale lessee sites to company‑operated and commission agent retail sites, boosting retail gross profit.
- Merchandise sales and margins improved, with merchandise gross profit up 8% reflecting stronger base‑store performance and higher merchandise GP%.
- Real estate rationalization continued, with site sales and class‑of‑trade conversions reducing site counts but generating gains and a higher-margin mix.
- Operating and G&A costs were lower, impairments declined, and sustaining capex was smaller, supporting improved operating income and cash from operations.
Original SEC Filing: CrossAmerica Partners LP [ CAPL ] - 10-Q - May. 06, 2026