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EarningsQ2 2026 Earnings Report
CAPL Q2 2026 EPS Results
Actual EPS$0.52
Consensus EPS$0.38
Beat/MissBeat by +$0.14
One Year Ago EPS$0.64
CAPL Q2 2026 Revenue Results
Actual Revenue$1.18B
Expected Revenue$731.45M
Beat/MissBeat by +$447.57M
YoY Revenue Growth+22.57%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
CAPL Upcoming Earnings
Crossamerica Partners's next earnings date is estimated for November 9, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
CAPL Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple strong operational and financial wins: a 40% increase in adjusted EBITDA, materially higher distributable cash flow, improved merchandise margins, expense reductions for the seventh consecutive quarter, wholesale and retail margin improvements, and debt reduction/credit facility extension that strengthen the balance sheet. These positives largely offset notable challenges, primarily volume declines (same-store retail down 11% and wholesale down ~8–11%), ongoing fuel price volatility that pressured volumes, and lower one-time real estate gains versus the prior-year peak. On balance, management portrayed the quarter as a clear operational improvement and balance sheet-strengthening period despite volume headwinds.Company Guidance
Adjusted EBITDA Growth
Adjusted EBITDA of $51.8 million in Q2 2026, up 40% year-over-year from $37.1 million, driven by higher motor fuel margins, improved merchandise gross profit and expense control.
Retail Gross Profit Increase
Retail segment gross profit rose 13% to $85.7 million in Q2 2026 from $76.1 million a year ago, led primarily by increased motor fuel gross profit.
Strong Merchandise Margin and Sales Resilience
Merchandise gross profit increased 2% to $31.0 million and merchandise margin percentage improved 130 basis points to 29.5%, aided by better mix and execution in food, beverage and tobacco categories despite a 9% decline in average company-operated site count.
Wholesale Performance and Fuel Margin Improvement
Wholesale segment gross profit increased 9% to $27.1 million; wholesale motor fuel gross profit increased 17% to $17.8 million, driven by a 31% increase in fuel margin per gallon (partially offset by an 11% volume decline).
Retail Fuel Margin Expansion
Retail fuel margin rose to $0.492 per gallon in Q2 2026 from $0.37 per gallon in Q2 2025 (roughly a ~33% increase), benefiting from rapid price transmission to the pump amid volatile input costs.
Distributable Cash Flow and Coverage Improvement
Distributable cash flow increased to $33.6 million in Q2 2026 vs $22.4 million in Q2 2025 (about +50%). Distribution coverage ratio improved to 1.68x for the quarter (from 1.12x prior-year quarter) and trailing 12-month coverage improved to 1.39x (from 1.00).
Expense Management and Operating Efficiency
Total operating expenses declined $2.9 million year-over-year to $55.0 million, marking the seventh consecutive quarter of declining operating expenses; retail operating expenses down ~4% and wholesale down ~11% with same-store retail expenses down ~3%.
Balance Sheet Strengthening and Interest Benefits
Reduced credit facility balance by ~$10 million in the quarter and $20 million year-to-date through strong results and asset sales; credit facility-defined leverage improved to 3.57x. Cash interest declined (Q2 cash interest $10.9 million vs $12.1 million prior year); effective interest rate ~5.5%, with ~60% of borrowings swapped to a fixed blended rate of ~3.4%.
Capital Allocation and Real Estate Optimization
Continued targeted real estate optimization (sold 5 properties for approximately $2.7 million in proceeds) and disciplined capex with $7.4 million spent in Q2 (growth $2.5 million, sustaining $4.9 million), including accelerated maintenance to support site resiliency.
Leadership and Organizational Stability
Permanent appointment of Jonathan Benfield as CFO announced, signaling leadership continuity; management reiterated focus on pricing control, store image and wholesale capabilities.
CAPL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed