Crossamerica Partners Lp · NYSE:CAPL
Crossamerica Partners Lp — Q1 2026 Earnings Presentation
10 slides from Crossamerica Partners Lp's earnings presentation, May 6, 2026
Slide 1: First Quarter 2026 Earnings Call
May 2026 First Quarter 2026 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 Maura Topper, President & CEO
Slide 4: First Quarter Operating Results
First Quarter Operating Results OPERATING RESULTS (in thousands, except for margin per gallon and merchandise gross margin percentage) Three Months ended March 31, 2026 2025 % Change Retail Segment: Gross Profit $74,303 $63,159 18% Operating Expenses $49,999 $51,704 (3%) Operating Income $24,304 $11
Slide 5: CrossAmerica Financial Overview
CrossAmerica Financial Overview Jon Benfield, Interim Chief Financial Officer
Slide 6: First Quarter Financial Results
First Quarter Financial Results OPERATING RESULTS (in thousands, except for distributions per unit and coverage) Three Months ended March 31, 2026 2025 % Change Net Income (Loss) $10,659 ($7,115) 250% Adjusted EBITDA $35,081 $24,269 45% Distributable Cash Flow $21,502 $9,095 136% Distribution Paid p
Slide 7: Capital Strength
Capital Strength Capital Expenditures First quarter 2026 capital expenditures of $3.4 million with $2.1 million of growth capex Growth capital projects continue to focus on targeted renovations as well as projects to increase food offerings Leverage Credit facility balance at 03/31/26: $682.0 millio
Slide 8: Appendix First Quarter 2026 Earnings Call
Appendix First Quarter 2026 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 (loss) before deducting interest expense, income taxes and depreciation, amortization and accr
Slide 10: Non-GAAP Reconciliation
Non-GAAP Reconciliation The following table presents reconciliations of EBITDA, Adjusted EBITDA, and Distributable Cash Flow to net income (loss), the most directly comparable U.S. GAAP financial measure, for each of the periods indicated (in thousands, except for per unit amounts): (a) Primarily in
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