Overview

* CrossAmerica ( CAPL ) Q3 net income rises to $13.6 mln, driven by asset sales and lower interest expenses

* Adjusted EBITDA for Q3 declines 6% yr/yr due to lower fuel and rent gross profit

* Company declares quarterly distribution of $0.5250 per unit for Q3 2025

Outlook

* Company did not provide specific guidance for future quarters or full year in the statement

Result Drivers

* ASSET SALES - Gains from asset sales and lease terminations contributed to increased net income, with $7.4 mln in gains for Q3 2025

* INTEREST EXPENSE - Decline in interest expense from $14.1 mln in Q3 2024 to $11.8 mln in Q3 2025 due to lower average interest rate and debt balance

* RETAIL SEGMENT - Retail segment gross profit decreased 4% due to a decline in motor fuel gross profit, offset by increased merchandise gross profit

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $13.60

Income mln

Q3 $41.30

Adjusted mln

EBITDA

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."

* The stock recently traded at 102 times the next 12-month earnings vs. a P/E of 51 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)