Crossamerica Partners Lp · NYSE:CAPL
Crossamerica Partners Lp — Q2 2024 Earnings Presentation
10 slides from Crossamerica Partners Lp's earnings presentation, Aug 8, 2024
Slide 1: Second Quarter 2024 Earnings Call
Second Quarter 2024 Earnings Call August 2024
Slide 2: Forward Looking Statement
Second Quarter 2024 Earnings Call August 2024 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”,
Slide 3: CrossAmerica Business Overview
CrossAmerica Business Overview Charles Nifong, CEO & President 3
Slide 4: Second Quarter Operations
Second Quarter 2024 Earnings Call August 2024 Second Quarter Operations Three Months ended June 30, OPERATING RESULTS (in thousands, except for margin per gallon and 2024 2023 % Change merchandise gross margin percentage) Retail Segment: Gross Profit $76,644 $66,025 16% Operating Income $28,013 $26,
Slide 5: CrossAmerica Financial Overview
CrossAmerica Financial Overview Maura Topper, Chief Financial Officer 5
Slide 6: Second Quarter Results Summary
Second Quarter 2024 Earnings Call August 2024 Second Quarter Results Summary OPERATING RESULTS Three Months ended June 30, (in thousands, except for % distributions per unit and coverage) 2024 2023 Change Net Income $12,424 $14,536 (15%) Adjusted EBITDA $42,570 $42,198 1% Distributable Cash Flow $26
Slide 7: Capital Strength
Second Quarter 2024 Earnings Call August 2024 Capital Strength • Capital Expenditures – Second quarter 2024 capital expenditures of $5.3 million with $3.4 million of growth capex – Growth capital expenditures included investment in our newly converted company operated sites and dispensers at certain
Slide 8: Appendix
Appendix Second Quarter 2024 Earnings Call 8
Slide 9: Non-GAAP Financial Measures
Second Quarter 2024 Earnings Call August 2024 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
Slide 10: Non-GAAP Reconciliation
Second Quarter 2024 Earnings Call August 2024 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
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