v3.26.1
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Reportable Segments

The following table reflects activity related to our reportable segments (in thousands):

 

 

 

Wholesale

 

 

Retail

 

 

Unallocated

 

 

Consolidated

 

Three Months Ended March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from fuel sales to external customers

 

$

357,612

 

 

$

373,078

 

 

$

 

 

$

730,690

 

Revenues from food and merchandise sales

 

 

 

 

 

90,665

 

 

 

 

 

 

90,665

 

Rent income

 

 

10,539

 

 

 

4,021

 

 

 

 

 

 

14,560

 

Other revenue

 

 

1,106

 

 

 

4,809

 

 

 

 

 

 

5,915

 

Total revenues

 

 

369,257

 

 

 

472,573

 

 

 

 

 

 

841,830

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold - fuel

 

 

343,159

 

 

 

333,218

 

 

 

 

 

 

676,377

 

Cost of goods sold - food and merchandise

 

 

 

 

 

63,713

 

 

 

 

 

 

63,713

 

Cost of goods sold - Rent expense

 

 

2,778

 

 

 

1,339

 

 

 

 

 

 

4,117

 

Gross profit

 

 

23,320

 

 

 

74,303

 

 

 

 

 

 

97,623

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Store labor

 

 

 

 

 

21,327

 

 

 

 

 

 

21,327

 

Maintenance and environmental costs

 

 

1,228

 

 

 

7,625

 

 

 

 

 

 

8,853

 

Other items (a)

 

 

5,209

 

 

 

21,047

 

 

 

17,437

 

 

 

43,693

 

Operating income (loss)

 

$

16,883

 

 

$

24,304

 

 

$

(17,437

)

 

$

23,750

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from fuel sales to external customers

 

$

365,761

 

 

$

384,521

 

 

$

 

 

$

750,282

 

Revenues from food and merchandise sales

 

 

 

 

 

89,341

 

 

 

 

 

 

89,341

 

Rent income

 

 

13,284

 

 

 

3,918

 

 

 

 

 

 

17,202

 

Other revenue

 

 

1,195

 

 

 

4,455

 

 

 

 

 

 

5,650

 

Total revenues

 

 

380,240

 

 

 

482,235

 

 

 

 

 

 

862,475

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold - fuel

 

 

349,997

 

 

 

353,341

 

 

 

 

 

 

703,338

 

Cost of goods sold - food and merchandise

 

 

 

 

 

64,428

 

 

 

 

 

 

64,428

 

Cost of goods sold - Rent expense

 

 

3,588

 

 

 

1,307

 

 

 

 

 

 

4,895

 

Gross profit

 

 

26,655

 

 

 

63,159

 

 

 

 

 

 

89,814

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Store labor

 

 

 

 

 

22,566

 

 

 

 

 

 

22,566

 

Maintenance and environmental costs

 

 

1,469

 

 

 

8,072

 

 

 

 

 

 

9,541

 

Other items (a)

 

 

5,701

 

 

 

21,066

 

 

 

28,939

 

 

 

55,706

 

Operating income (loss)

 

$

19,485

 

 

$

11,455

 

 

$

(28,939

)

 

$

2,001

 

Summary of reconciliation from operating income to income (loss) before income taxes

A reconciliation from operating income to income (loss) before income taxes follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Operating income

 

$

23,750

 

 

$

2,001

 

Other income, net

 

 

157

 

 

 

130

 

Interest expense

 

 

(10,750

)

 

 

(12,844

)

Income (loss) before income taxes

 

$

13,157

 

 

$

(10,713

)

Summary of Receivables Relating to Revenue Streams

Receivables relating to the revenue streams above are as follows (in thousands):

 

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Receivables from fuel and merchandise sales

 

$

31,267

 

 

$

28,316

 

Receivables for rent and other lease-related charges

 

 

677

 

 

 

937

 

Total accounts receivable

 

$

31,944

 

 

$

29,253