CrossAmerica Partners(CAPL) - 2023 Q3 - Earnings Call Presentation

Financial Performance - Net income decreased by 55% to $12292 thousand in the three months ended September 30, 2023, compared to $27593 thousand in the same period of 2022[8, 34] - Adjusted EBITDA decreased by 29% to $44209 thousand for the three months ended September 30, 2023, compared to $62167 thousand for the same period in 2022[8, 34] - Distributable Cash Flow decreased by 38% to $31389 thousand for the three months ended September 30, 2023, compared to $50869 thousand for the same period in 2022[8, 34] - Distribution Coverage Ratio (current quarter) decreased by 38% to 1.57x compared to 2.55x in the same period last year[8, 34] Capital Structure - Credit Facility balance was $762.5 million as of September 30, 2023[1] - Leverage ratio was 4.35x as of September 30, 2023[1] - Effective interest rate was 4.9% as of September 30, 2023, benefiting from interest rate swaps[1] Segment Performance - Motor Fuel Gross Profit from the Wholesale Segment declined 4% to $18.8 million in 3Q23 versus $19.5 million in 3Q22[18] - Total Wholesale Segment Gross Profit decreased 4% to $32.9 million for 3Q23 versus $34.1 million for 3Q22[18] - Retail Segment's Gross Profit declined 16% year-over-year to $67.6 million in 3Q23 versus $80.6 million in 3Q22[18] Capital Expenditure - Q3 2023 capital expenditures totaled $10.4 million, including $8.5 million of growth capex[36]