- Adjusted EBITDA for Q2 2025 was $76.9 million, down from $80.1 million in Q2 2024, primarily due to lower retail merchandise contribution.
- Fleet segment operating income was $13.1 million, slightly down from $13.7 million, with gallons down 6.8% but fuel margin up to $0.49 per gallon.
- General and administrative expenses decreased to $40.7 million from $42.4 million, and net interest expense declined due to lower rates.
- Net income rose to $20.1 million from $14.1 million, boosted by a noncash gain related to the expiration of a purchase option.
- Retail segment operating income was $80.4 million compared to $87.9 million in the prior year period.
- Same-store fuel contribution decreased by $0.8 million with a 6.5% decline in gallons, offset by a $0.026 increase in margin per gallon.
- Same-store margin rate increased by approximately 50 basis points year-over-year.
- Same-store merchandise sales excluding cigarettes declined 3%, with total same-store merchandise sales down 4.2%.
- Wholesale segment operating income increased to $23.2 million from $21.3 million, driven by a 3.9% increase in gallons and channel optimization.
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Dafinchi