CrossAmerica Partners LP on Thursday reported net income of $25.2 million for second-quarter 2025, which ended June 30. That’s compared with $12.4 million for the same quarter of fiscal 2024, the Allentown, Pennsylvania-based company said.
“Our second quarter results showed a meaningful improvement over the first quarter, although they remained below prior-year levels,” said Charles Nifong, president and CEO of CrossAmerica. “During the quarter, we completed several asset sales, reducing debt by more than $50 million and strengthening our balance sheet.”
The fuel distributor and convenience-store operator reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $37.1 million for second-quarter 2025, a decline of $5.5 million from second-quarter 2024 adjusted EBITDA of $42.6 million. The company said this was primarily due to a decline in fuel and rent gross profit and higher operating expenses.
“While overall demand remains soft, our volume and store sales outpaced industry trends, reflecting the strength of our market position,” Nifong said.
The company reported same-store merchandise sales, excluding cigarettes, was $70.8 million for second-quarter 2025, compared with $68.3 million for the same quarter of fiscal 2024.
The company said it remains focused on its company-operated locations.
“This quarter and over the past two years, we now operate 46 branded food locations within our company-operated portfolio, approximately half of which are Subway restaurants, as well as more than 100 locations with our proprietary Made to Cook Food Program,” said Maura Topper, according to a transcript from AlphaSense. “These growth investments have and will contribute to our merchandise sales and margin results and help drive customer traffic onto our lots and into our stores.”
- CrossAmerica is No. 24 on CSP’s 2025 Top 202 ranking of U.S. c-store chains by store count.
CrossAmerica 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. Formed in 2012, CrossAmerica Partners is a distributor of branded and unbranded petroleum for motor vehicles in the United States and distributes fuel to approximately 1,600 locations and owns or leases approximately 1,000 sites.
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