CrossAmerica Partners LP on Thursday reported net income of $13.6 million for third-quarter 2025, which ended Sept. 30. That’s compared with $10.7 million for the same quarter of fiscal 2024, the Allentown, Pennsylvania-based company said.
“We generated solid operating results for the third quarter,” said Charles Nifong, president and CEO of CrossAmerica. “Our retail same-store sales, same-store merchandise margin percentage and overall merchandise margin dollars increased during the quarter.”
On the store merchandise margin front, Nifong said merchandise gross profit increased by 5% to $32 million, driven by an increase in sales in CrossAmerica's base business and an increase in store merchandise margin percentage, according to a transcript from AlphaSense.
“Our merchandise gross margin percentage was up strongly over the prior year, approximately 100 basis points,” Nifong told investors on the earnings call.
He said this was primarily due to “strong growth in certain higher margin categories like other tobacco products [OTP] and also due to our transition from a commission based model for certain products in the third quarter of last year into owning and selling these products directly for the current quarter.”
The fuel distributor and convenience-store operator reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $41.3 million for third-quarter 2025 compared to third-quarter 2024 of $43.9 million. The company said the $2.6 million decline was primarily due to a decline in fuel and rent gross profit.
Turning to the company’s divestment activity, during the three months ended Sept. 30, CrossAmerica sold 29 properties for $21.9 million in proceeds, resulting in a net gain of $7.4 million, the company reported.
- 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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