CrossAmerica Partners LP reported second quarter 2026 net income of $20.8 million and Adjusted EBITDA of $51.8 million, compared to $25.2 million and $37.1 million respectively in the prior year period. The increase in Adjusted EBITDA was driven by higher motor fuel margins and merchandise gross profit, partially offset by a decline in retail volume due to portfolio optimization. The company declared a quarterly distribution of $0.5250 per limited partner unit for Q2 2026, payable on August 13, 2026, to holders of record as of August 3, 2026. Leverage stood at 3.57 times as of June 30, 2026. CrossAmerica Partners LP operates in the wholesale fuels distribution and convenience store retail industry.

CrossAmerica Partners LP appointed Jonathan E. Benfield as Chief Financial Officer of its general partner, effective July 20, 2026. Mr. Benfield previously served as Interim CFO and Chief Accounting Officer since March 2, 2026. Additionally, the Board approved phantom unit grants for seven non-employee directors, each valued at $66,875, effective July 21, 2026. The Partnership also declared a quarterly distribution of $0.5250 per unit for the second quarter of 2026, which is payable on August 13, 2026, to unitholders of record as of August 3, 2026. CrossAmerica Partners LP is a wholesale motor fuel distributor and convenience store operator.

On July 15, 2026, CrossAmerica Partners LP and its subsidiary, Lehigh Gas Wholesale Services, Inc., amended their Credit Agreement with Citizens Bank, N.A. The amendment extends the maturity date from March 31, 2028, to July 15, 2031, and removes the SOFR credit spread adjustment. It also updates the Consolidated Leverage Ratio financial covenant to a maximum of 5.00 to 1.00 for quarters ending June 30, 2026, through September 30, 2027, and a maximum of 4.75 to 1.00 for quarters ending December 31, 2027, and thereafter. The company operates in the energy infrastructure industry, focusing on the gathering, processing, and transportation of natural gas and crude oil.