CrossAmerica Partners LP Reports Second Quarter 2026 Results

About this update from Crossamerica Partners Lp

Allentown, PA, Aug. 05, 2026 (GLOBE NEWSWIRE) -- CrossAmerica Partners LP Reports Second Quarter 2026 Results Reported Second Quarter of 2026 Net Income of $20.8 million, Adjusted EBITDA of $51.8 million and Distributable Cash Flow of $33.6 million compared to Net Income of $25.2 million, Adjusted EBITDA of $37.1 million and Distributable Cash Flow of $22.4 million for the Second Quarter of 2025 Reported Second Quarter of 2026 Gross Profit for the Retail Segment of $85.7 million compared to $76.1 million of Gross Profit for the Second Quarter of 2025 and Second Quarter of 2026 Gross Profit for the Wholesale Segment of $27.1 million compared to $24.9 million of Gross Profit for the Second Quarter of 2025 Leverage, as defined in the CAPL Credit Facility, was 3.57 times as of June 30, 2026, compared to 3.65 times as of June 30, 2025 The Distribution Coverage Ratio for the trailing twelve months ended June 30, 2026, was 1.39 times compared to 1.00 times for the comparable period of 2025 The Board of Directors of CrossAmerica's General Partner declared a quarterly distribution of $0.5250 per limited partner unit attributable to the Second Quarter of 2026 On July 20, 2026, Jonathan Benfield was appointed Chief Financial Officer Allentown, PA August 5, 2026 – CrossAmerica Partners LP (NYSE: CAPL) (“CrossAmerica” or the “Partnership”), a leading wholesale fuels distributor, convenience store operator, and owner and lessor of real estate used in the retail distribution of motor fuels, today reported financial results for the second quarter ended June 30, 2026. "The Partnership continued its strong start to the year, building on our very strong first quarter with another quarter of significant growth in Adjusted EBITDA and Distributable Cash Flow,” said Maura Topper, CEO and President of CrossAmerica. “I'm proud of how our team continued to execute with discipline through a volatile operating environment. One key area of success was our merchandise business with continued growth in merchandise margin percentage reflecting the strength of our convenience store operations and programs. Combined with our continued focus on cost management, these results allowed us to again pay down our credit facility during the quarter, further strengthening our balance sheet and providing increased flexibility and investment opportunities for the remainder of this year and beyond.” Second Quarter Results Consolidated Results Key Operating Metrics Q2 2026 Q2 2025 Net Income $20.8M $25.2M Adjusted EBITDA $51.8M $37.1M Distributable Cash Flow $33.6M $22.4M Distribution Coverage Ratio: Current Quarter 1.68x 1.12x Distribution Coverage Ratio: Trailing 12 Months 1.39x 1.00x CrossAmerica reported increases in Adjusted EBITDA, Distributable Cash Flow and Distribution Coverage for the second quarter of 2026 compared to the second quarter of 2025. The increase in Adjusted EBITDA was primarily driven by an increase in motor fuel margin per gallon in both the retail and wholesale segments, an increase in merchandise gross profit in the retail segment and an overall decline in operating expenses. The decline in Net Income was primarily driven by lower net gains in connection with CrossAmerica's ongoing real estate optimization efforts with $29.7 million in net gains for the second quarter of 2025 compared to $1.1 million in net gains for the second quarter of 2026. The increase for the second quarter of 2026 in Distributable Cash Flow and Distribution Coverage was primarily driven by the increase in Adjusted EBITDA noted above in addition to a decrease in interest expense due to a lower average interest rate along with a lower average outstanding debt balance, partially offset by increases in sustaining capital expenditures and current income tax expense. Retail Segment Key Operating Metrics Q2 2026 Q2 2025 Retail segment gross profit $85.7M $76.1M       Retail segment motor fuel gallons distributed 124.0M 141.7M Same store motor fuel gallons distributed 117.8M 132.6M Retail segment motor fuel gross profit $46.5M $38.8M Retail segment margin per gallon, before deducting credit card fees and commissions $ 0.492   $ 0.370         Same store merchandise sales excluding cigarettes* $71.4M $71.0M Merchandise gross profit* $31.0M $30.5M Merchandise gross profit percentage*   29.5 %   28.2 %       Operating Expenses $48.7M $50.8M Retail Sites (average for period)   560     603   *Includes only company operated retail sites For the second quarter of 2026, the retail segment generated a 13% increase in gross profit compared to the second quarter of 2025, primarily due to increases in motor fuel, merchandise and other revenue gross profit compared to the prior year. The motor fuel gross profit for the retail segment increased $7.7 million or 20%, attributable to a 33% increase in the margin per gallon for the three months ended June 30, 2026, as compared to the same period in 2025. The increase in margin per gallon was primarily driven by differences in movements in crude oil prices within the two periods and overall market volatility. The margin per gallon increase was partially offset by a motor fuel volume decrease of 12% driven by a decline in same store retail segment volume of 11% as well as a decrease in the average retail site count due to CrossAmerica's ongoing portfolio optimization efforts. For the second quarter of 2026, CrossAmerica’s merchandise gross profit increased 2% when compared to the second quarter of 2025, despite a 9% decline in average company operated store count. Same store merchandise sales excluding cigarettes increased 1% for the second quarter of 2026 when compared to the second quarter of 2025. Merchandise gross profit percentage increased from 28.2% for the second quarter of 2025 to 29.5% for the second quarter of 2026. Other revenues increased $0.8 million or 18% driven by higher income from skills games and fuel sold on a commission basis. Operating expenses for the retail segment declined $2.1 million dollars or 4% with same store operating expenses also declining for the second quarter of 2026 when compared to the same period in 2025. In addition, the average retail segment site count decreased 7% relative to the prior year due to CrossAmerica's ongoing portfolio optimization efforts. Wholesale Segment Key Operating Metrics Q2 2026 Q2 2025 Wholesale segment gross profit $27.1M $24.9M Wholesale motor fuel gallons distributed 160.3M 179.2M Average wholesale gross profit per gallon $ 0.111 $ 0.085 During the second quarter of 2026, CrossAmerica’s wholesale segment gross profit increased $2.2 million or 9% compared to the second quarter of 2025. The increase was primarily driven by a 17% or $2.6 million increase in motor fuel gross profit, partially offset by a 2% decline in rent gross profit. The decrease in rent gross profit was primarily due to the sale of locations and conversions to retail operations as part of the Partnership’s portfolio optimization efforts, partially offset by an increase in rent gross profit as a result of the reassessment of the accounting for CrossAmerica's lease with Getty required by the amendment of this lease during the first quarter of 2026. The increase in motor fuel gross profit for the second quarter of 2026 when compared to the second quarter of 2025 was driven by a 31% increase in fuel margin per gallon, partially offset by an 11% decline in wholesale volume distributed. The decline in volume was primarily due to a reduction in volume in the base business as well as the loss of independent dealer contracts. Operating expenses declined $0.8 million or 11% due to the portfolio optimization efforts noted above. Real Estate Activity During the three months ended June 30, 2026, CrossAmerica sold five sites for $2.7 million in proceeds, resulting in a net gain of $1.1 million. CrossAmerica maintained a supply relationship post sale with substantially all of the locations divested during the quarter. Liquidity and Capital Resources As of June 30, 2026, CrossAmerica had $671.6 million outstanding under its Credit Facility. As of July 31, 2026, after taking into consideration debt covenant restrictions, approximately $244 million was available for future borrowings under the Credit Facility. Leverage, as defined in the Credit Facility, was 3.57 times as of June 30, 2026, compared to 3.65 times as of June 30, 2025. As of June 30, 2026, CrossAmerica was in compliance with its financial covenants under the Credit Facility. Credit Facility On July 15, 2026, the Partnership and its subsidiary, Lehigh Gas Wholesale Services, Inc. entered into an amendment to the Credit Facility. The Credit Facility Amendment, among other things extends the maturity date from March 31, 2028, to July 15, 2031, and removes the SOFR credit spread adjustment. Additional details regarding this amendment are available in a Form 8-K filing filed with the Securities and Exchange Commission (SEC) on July 16, 2026. Distributions On July 21, 2026, the Board of the Directors of CrossAmerica’s General Partner (“Board”) declared a quarterly distribution of $0.5250 per limited partner unit attributable to the second quarter of 2026. As previously announced, the distribution will be paid on August 13, 2026, to all unitholders of record as of August 3, 2026. The amount and timing of any future distributions is subject to the discretion of the Board as provided in CrossAmerica’s Partnership Agreement. Conference Call The Partnership will host a conference call on August 6, 2026, at 9:00 a.m. Eastern Time to discuss the second quarter of 2026 earnings results. The conference call numbers are 800-717-1738 or 646-307-1865 and the passcode for both is 292954. A live audio webcast of the conference call and the related earnings materials, including reconciliations of any non-GAAP financial measures to GAAP financial measures and any other applicable disclosures, will be available on that same day on the investor section of the CrossAmerica website (www.crossamericapartners.com). After the live conference call, an archive of the webcast will be available on the investor section of the CrossAmerica site at https://caplp.gcs-web.com/webcasts-presentations within 24 hours after the call for a period of sixty days. Non-GAAP Measures and Same Store Metrics Non-GAAP measures used in this release include EBITDA, Adjusted EBITDA, Distributable Cash Flow and Distribution Coverage Ratio. These Non-GAAP measures are further described and reconciled to their most directly comparable GAAP measures in the Supplemental Disclosure Regarding Non-GAAP Financial Measures section of this release. Same store fuel volume and same store merchandise sales include aggregated individual store results for all stores that had fuel volume or merchandise sales and that were operated in the same class of trade for all months for both periods. Same store merchandise sales excludes other revenues such as lottery commissions and car wash sales. CROSSAMERICA PARTNERS LP CONSOLIDATED BALANCE SHEETS (Thousands of Dollars, except unit data) (Unaudited)     June 30,     December 31,       2026     2025   ASSETS             Current assets:             Cash and cash equivalents   $ 4,922     $ 3,137   Accounts receivable, net of allowances of $320 and $635, respectively     33,834       28,566   Accounts receivable from related parties     651       687   Inventory     63,443       59,610   Assets held for sale     9,755       9,690   Current portion of interest rate swap contracts     2,291       801   Other current assets     7,868       8,590   Total current assets     122,764       111,081   Property and equipment, net     579,475       547,686   Right-of-use assets, net     101,463       121,636   Intangible assets, net     54,406       61,638   Goodwill     99,409       99,409   Deferred tax assets     —       760   Interest rate swap contracts, less current portion     1,855       325   Other assets     22,614       22,199   Total assets   $ 981,986     $ 964,734                 LIABILITIES AND EQUITY             Current liabilities:             Current portion of debt and finance lease obligations   $ 9,774     $ 3,465   Current portion of operating lease obligations     24,584       29,008   Accounts payable     77,725       63,413   Accounts payable to related parties     7,792       6,536   Current portion of interest rate swap contracts     184       697   Accrued expenses and other current liabilities     25,360       27,378   Motor fuel and sales taxes payable     16,409       19,013   Total current liabilities     161,828       149,510   Debt and finance lease obligations, less current portion     715,471       687,187   Operating lease obligations, less current portion     80,680       96,974   Deferred tax liabilities, net     7,479       7,409   Asset retirement obligations     44,222       45,014   Interest rate swap contracts, less current portion     109       1,390   Other long-term liabilities     47,878       49,289   Total liabilities     1,057,667       1,036,773                 Commitments and contingencies (Note 9)                           Preferred membership interests     31,523       30,289                 Equity:             Common units— 38,154,331 and 38,135,078 units issued and outstanding at June 30, 2026 and December 31, 2025, respectively     (111,004 )     (101,280 ) Accumulated other comprehensive income (loss)     3,800       (1,048 ) Total deficit     (107,204 )     (102,328 ) Total liabilities and equity   $ 981,986     $ 964,734   CROSSAMERICA PARTNERS LP CONSOLIDATED STATEMENTS OF OPERATIONS (Thousands of Dollars, Except Unit and Per Unit Amounts) (Unaudited)     Three Months Ended June 30,     Six Months Ended June 30,       2026     2025     2026     2025   Operating revenues (a)   $ 1,179,017     $ 961,925     $ 2,020,847     $ 1,824,400   Cost of sales (b)     1,066,230       860,933       1,810,437       1,633,594   Gross profit     112,787       100,992       210,410       190,806                             Operating expenses:                         Operating expenses (c)     55,025       57,949       111,461       116,823   General and administrative expenses     6,809       6,577       13,300       14,249   Depreciation, amortization and accretion expense     16,768       23,334       33,830       49,638   Total operating expenses     78,602       87,860       158,591       180,710   Gain on dispositions and lease terminations, net     1,087       28,365       7,203       33,402   Operating income     35,272       41,497       59,022       43,498   Other income, net     212       136       369       266   Interest expense     (11,342 )     (12,569 )     (22,092 )     (25,413 ) Income before income taxes     24,142       29,064       37,299       18,351   Income tax expense     3,330       3,896       5,828       298   Net income     20,812       25,168       31,471       18,053   Accretion of preferred membership interests     710       680       1,404       1,345   Net income available to limited partners   $ 20,102     $ 24,488     $ 30,067     $ 16,708                             Net income per common unit                         Basic   $ 0.53     $ 0.64     $ 0.79     $ 0.44   Diluted   $ 0.52     $ 0.64     $ 0.78     $ 0.44                             Weighted-average common units:                         Basic     38,154,331       38,097,513       38,148,481       38,085,815   Diluted     38,323,956       39,545,478       38,318,067       38,260,908                             Supplemental information:                         (a) includes excise taxes of:   $ 71,954     $ 82,903     $ 140,725     $ 156,253   (a) includes rent income of:     14,666       15,459       29,226       32,661   (b) excludes depreciation, amortization and accretion                         (b) includes rent expense of:     3,766       4,923       7,883       9,818   (c) includes rent expense of:     4,492       4,631       9,051       9,242   CROSSAMERICA PARTNERS LP CONSOLIDATED STATEMENTS OF CASH FLOWS (Thousands of Dollars) (Unaudited)     Six Months Ended June 30,       2026     2025   Cash flows from operating activities:             Net income   $ 31,471     $ 18,053   Adjustments to reconcile net income to net cash provided by operating activities:   Depreciation, amortization and accretion expense     33,830       49,638   Amortization of deferred financing costs     968       969   Credit loss expense     24       —   Deferred income tax expense (benefit)     830       (2,696 ) Equity-based employee and director compensation expense     788       989   Gain on dispositions and lease terminations, net     (7,203 )     (33,402 ) Changes in operating assets and liabilities, net of acquisitions     397       4,146   Net cash provided by operating activities     61,105       37,697                 Cash flows from investing activities:             Principal payments received on notes receivable     127       63   Proceeds from sale of assets     16,252       72,766   Capital expenditures     (10,874 )     (21,958 ) Cash paid in connection with acquisitions, net of cash acquired     (1,800 )     —   Net cash provided by investing activities     3,705       50,871                 Cash flows from financing activities:             Borrowings under the Credit Facility     49,500       41,000   Repayments on the Credit Facility     (70,200 )     (81,500 ) Payments of finance lease obligations     (1,964 )     (1,604 ) Distributions paid on distribution equivalent rights     (139 )     (146 ) Distributions paid to preferred membership interests     (170 )     —   Distributions paid on common units     (40,052 )     (39,982 ) Net cash used in financing activities     (63,025 )     (82,232 ) Net increase in cash and cash equivalents     1,785       6,336                 Cash and cash equivalents at beginning of period     3,137       3,381   Cash and cash equivalents at end of period   $ 4,922     $ 9,717   Segment Results Retail The following table highlights the results of operations and certain operating metrics of the Retail segment (in thousands, except for the number of retail sites and per gallon amounts):     Three Months Ended June 30,     Six Months Ended June 30,       2026     2025     2026     2025   Gross profit:                         Motor fuel   $ 46,461     $ 38,789     $ 86,321     $ 69,970   Merchandise     31,026       30,506       57,978       55,419   Rent     2,753       2,224       5,435       4,835   Other revenue     5,450       4,608       10,259       9,063   Total gross profit     85,690       76,127       159,993       139,287   Operating expenses     (48,695 )     (50,828 )     (98,694 )     (102,532 ) Operating income   $ 36,995     $ 25,299     $ 61,299     $ 36,755                             Retail sites (end of period):                         Company operated retail sites (a)     334       361       334       361   Commission agents (b)     221       236       221       236   Total retail sites     555       597       555       597                             Total retail segment statistics:                         Volume of gallons sold     124,032       141,683       241,718       268,216   Same store total system gallons sold (c)     117,773       132,608       222,160       245,448   Average retail fuel sites     560       603       568       600   Margin per gallon, before deducting credit card fees and commissions   $ 0.492     $ 0.370     $ 0.465     $ 0.355                             Company operated site statistics:                         Average retail fuel sites     336       368       341       367   Same store fuel volume (c)     85,329       92,858       158,947       169,817   Margin per gallon, before deducting credit card fees   $ 0.513     $ 0.395     $ 0.486     $ 0.385   Same store merchandise sales (c)   $ 98,013     $ 98,224     $ 177,683     $ 176,791   Same store merchandise sales excluding cigarettes (c)   $ 71,411     $ 70,966     $ 128,382     $ 126,754   Merchandise gross profit percentage     29.5 %     28.2 %     29.6 %     28.1 %                           Commission site statistics:                         Average retail fuel sites     224       235       227       233   Margin per gallon, before deducting credit card fees and commissions   $ 0.436     $ 0.313     $ 0.411     $ 0.289   (a) The decrease in the company operated site count was primarily attributable to the sale of certain company operated sites in connection with CrossAmerica's real estate optimization effort. (b) The decrease in the commission agent site count was primarily attributable to the sale of certain commission agent sites in connection with CrossAmerica's real estate optimization effort. (c) Same store fuel volume and same store merchandise sales include aggregated individual store results for all stores that had fuel volume or merchandise sales and that were operated in the same class of trade for all months for both periods. Same store merchandise sales excludes other revenues such as lottery commissions and car wash sales. Wholesale The following table highlights the results of operations and certain operating metrics of the Wholesale segment (thousands of dollars, except for the number of distribution sites and per gallon amounts):     Three Months Ended June 30,     Six Months Ended June 30,       2026     2025     2026     2025   Gross profit:                         Motor fuel gross profit   $ 17,801     $ 15,165     $ 32,254     $ 30,928   Rent gross profit     8,147       8,312       15,908       18,008   Other revenues     1,149       1,388       2,255       2,583   Total gross profit     27,097       24,865       50,417       51,519   Operating expenses     (6,330 )     (7,121 )     (12,767 )     (14,291 ) Operating income   $ 20,767     $ 17,744     $ 37,650     $ 37,228                             Motor fuel distribution sites (end of period): (a)                         Independent dealers (b)     664       639       664       639   Lessee dealers (c)     317       365       317       365   Total motor fuel distribution sites     981       1,004       981       1,004                             Average motor fuel distribution sites     984       1,009       985       1,021                             Volume of gallons distributed     160,276       179,241       313,864       342,159                             Margin per gallon   $ 0.111     $ 0.085     $ 0.103     $ 0.090   (a) In addition, CrossAmerica distributed motor fuel to sub-wholesalers who distributed to additional sites. (b) The increase in the independent dealer site count was primarily attributable to the sale of certain lessee dealer, company operated and commission agent sites but with continued fuel supply, partially offset by the net loss of independent dealer contracts. (c) The decrease in the lessee dealer count was primarily attributable to the sale of certain lessee dealer sites in connection with CrossAmerica's real estate optimization effort (generally with continued fuel supply, thereby converting the site to an independent dealer site) as well as the conversion of certain lessee dealer sites to company operated and commission agent sites. Supplemental Disclosure Regarding Non-GAAP Financial Measures CrossAmerica uses 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 accretion (which includes certain impairment charges). Adjusted EBITDA represents EBITDA as further adjusted to exclude equity-based compensation expense, gains or losses on dispositions and lease terminations, net and certain discrete acquisition related costs, such as legal and other professional fees, separation benefit costs and certain other discrete non-cash items arising from purchase accounting. Distributable Cash Flow represents Adjusted EBITDA less cash interest expense, sustaining capital expenditures and current income tax expense. The Distribution Coverage Ratio is computed by dividing Distributable Cash Flow by distributions paid on common units. EBITDA, Adjusted EBITDA, Distributable Cash Flow and Distribution Coverage Ratio are used as supplemental financial measures by management and by external users of our financial statements, such as investors and lenders. EBITDA and Adjusted EBITDA are used to assess CrossAmerica’s financial performance without regard to financing methods, capital structure or income taxes and the ability to incur and service debt and to fund capital expenditures. In addition, Adjusted EBITDA is used to assess the operating performance of the Partnership’s business on a consistent basis by excluding the impact of items which do not result directly from the wholesale distribution of motor fuel, the leasing of real property, or the day to day operations of CrossAmerica’s retail site activities. EBITDA, Adjusted EBITDA, Distributable Cash Flow and Distribution Coverage Ratio are also used to assess the ability to generate cash sufficient to make distributions to CrossAmerica’s unitholders. CrossAmerica believes the presentation of EBITDA, Adjusted EBITDA, Distributable Cash Flow and Distribution Coverage Ratio provides useful information to investors in assessing the financial condition and results of operations. EBITDA, Adjusted EBITDA, Distributable Cash Flow and Distribution Coverage Ratio should not be considered alternatives to net income or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP. EBITDA, Adjusted EBITDA, Distributable Cash Flow and Distribution Coverage Ratio have important limitations as analytical tools because they exclude some but not all items that affect net income. Additionally, because EBITDA, Adjusted EBITDA, Distributable Cash Flow and Distribution Coverage Ratio may be defined differently by other companies in the industry, CrossAmerica’s definitions may not be comparable to similarly titled measures of other companies, thereby diminishing their utility. 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 Distribution Coverage Ratio):     Three Months Ended June 30,     Six Months Ended June 30,       2026     2025     2026     2025   Net income   $ 20,812     $ 25,168     $ 31,471     $ 18,053   Interest expense     11,342       12,569       22,092       25,413   Income tax expense     3,330       3,896       5,828       298   Depreciation, amortization and accretion expense     16,768       23,334       33,830       49,638   EBITDA     52,252       64,967       93,221       93,402   Equity-based employee and director compensation expense     587       176       788       989   Gain on dispositions and lease terminations, net (a)     (1,087 )     (28,365 )     (7,203 )     (33,402 ) Acquisition-related costs (b)     17       305       44       363   Adjusted EBITDA     51,769       37,083       86,850       61,352   Cash interest expense     (10,858 )     (12,085 )     (21,123 )     (24,444 ) Sustaining capital expenditures (c)     (4,952 )     (2,550 )     (6,302 )     (5,271 ) Current income tax expense (d)     (2,378 )     (52 )     (4,342 )     (146 ) Distributable Cash Flow   $ 33,581     $ 22,396     $ 55,083     $ 31,491   Distributions paid on common units     20,031       20,001       40,052       39,982   Distribution Coverage Ratio   1.68x     1.12x     1.38x     0.79x   (a) Primarily includes net gains in connection with CrossAmerica's ongoing real estate optimization effort of $1.1 million and $29.7 million for the three months ended June 30, 2026, and 2025, and $7.4 million and $35.2 million for the six months ended June 30, 2026, and 2025, respectively. (b) Relates to certain acquisition-related costs, such as legal and other professional fees, separation benefit costs and purchase accounting adjustments associated with recent acquisitions. (c) Under the Partnership Agreement, sustaining capital expenditures are capital expenditures made to maintain CrossAmerica's long-term operating income or operating capacity. Examples of sustaining capital expenditures are those made to maintain existing contract volumes or to maintain the sites in conditions suitable to operate or lease, such as parking lot or roof replacement/renovation, or to replace equipment required to operate the existing business. (d) Excludes current income tax expense incurred on the sales of sites. About CrossAmerica Partners LP CrossAmerica Partners LP is a leading wholesale distributor of motor fuels, convenience store operator, and owner and lessee of real estate used in the retail distribution of motor fuels. Its general partner, CrossAmerica GP LLC, is indirectly owned and controlled by entities affiliated with Joseph V. Topper, Jr., the founder of CrossAmerica Partners and a member of the board of the general partner since 2012. Formed in 2012, CrossAmerica Partners LP is a distributor of branded and unbranded petroleum for motor vehicles in the United States and distributes fuel to approximately 1,500 locations and owns or leases approximately 900 sites. With a geographic footprint covering 34 states, the Partnership has well-established relationships with several major oil brands, including ExxonMobil, BP, Shell, Marathon, Valero, Phillips 66 and other major brands. CrossAmerica Partners LP ranks as one of ExxonMobil’s largest distributors by fuel volume in the United States and in the top 10 for additional brands. For additional information, please visit www.crossamericapartners.com . Contact Investor Relations: Randy Palmer, [email protected] or 610-625-8000 Cautionary Statement Regarding Forward-Looking Statements Statements contained in this release that state the Partnership’s or management’s expectations or predictions of the future are forward-looking statements. The words “believe,” “expect,” “should,” “intends,” “estimates,” “target” and other similar expressions identify forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see CrossAmerica’s Form 10-K or Forms 10-Q filed with the Securities and Exchange Commission, and available on CrossAmerica’s website at www.crossamericapartners.com. The Partnership undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

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