Crossamerica Partners Lp · NYSE:CAPL
Crossamerica Partners Lp — Q3 2024 Earnings Presentation
10 slides from Crossamerica Partners Lp's earnings presentation, Nov 6, 2024
Slide 1: Third Quarter 2024 Earnings Call
November 2024 Third Quarter 2024 Earnings Call Exhibit 99.2
Slide 2: Forward Looking Statement
Forward Looking Statement Statements contained in this presentation that state the Partnership’s or management’s expectations or predictions of the future are forward-looking statements. The words “believe,” “expect,” “should,” “intends,” “anticipates”, “estimates,” “target” and other similar expres
Slide 3: CrossAmerica Business Overview
CrossAmerica Business Overview Charles Nifong, CEO & President
Slide 4: Third Quarter Operations
Third Quarter Operations OPERATING RESULTS (in thousands, except for margin per gallon and merchandise gross margin percentage) Three Months ended Sept 30, 2024 2023 % Change Retail Segment: Gross Profit $83,587 $67,588 24% Operating Income $31,363 $26,450 19% Motor Fuel Gross Profit $45,759 $36,226
Slide 5: CrossAmerica Financial Overview
CrossAmerica Financial Overview Maura Topper, Chief Financial Officer
Slide 6: Third Quarter Results Summary
Third Quarter Results Summary OPERATING RESULTS (in thousands, except for distributions per unit and coverage) Three Months ended Sept 30, 2024 2023 % Change Net Income $10,708 $12,292 (13%) Adjusted EBITDA $43,938 $44,209 (1%) Distributable Cash Flow $27,140 $31,389 (14%) Weighted Avg. Diluted Unit
Slide 7: Capital Strength
Capital Strength Capital Expenditures Third quarter 2024 capital expenditures of $7.7 million $5.1M growth capex; $2.6M sustaining capex Growth capital expenditures included investment in our newly converted company operated sites and brand-supported site image upgrades Leverage Credit facility bala
Slide 8: Appendix
Appendix Third Quarter 2024 Earnings Call
Slide 9: Non-GAAP Financial Measures
Non-GAAP Financial Measures Non-GAAP Financial Measures We use the non-GAAP financial measures EBITDA, Adjusted EBITDA, Distributable Cash Flow and Distribution Coverage Ratio. EBITDA represents net income before deducting interest expense, income taxes and depreciation, amortization and accretion (
Slide 10: Non-GAAP Reconciliation
Non-GAAP Reconciliation The following table presents reconciliations of EBITDA, Adjusted EBITDA, and Distributable Cash Flow to net income, the most directly comparable U.S. GAAP financial measure, for each of the periods indicated (in thousands, except for per unit amounts): Three Months Ended Sept
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