v3.26.1
Segment Reporting
3 Months Ended
Mar. 31, 2026
Segment Reporting Information [Line Items]  
Segment Information

7.

Segment Information

The Chief Operating Decision Maker (CODM) is the Chairman and Chief Executive Officer. The CODM reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating segment. The CODM evaluates performance using net income or loss, as reported in the Company’s accompanying statements of operations to manage the business. The CODM also reviews significant expenses, which are consistent with those reported on the statements of operations. The measure of segment assets is reported on the balance sheets as total assets.

BW Ultimate Parent, LLC and Subsidiaries  
Segment Reporting Information [Line Items]  
Segment Information

12.

Segment reporting

The following table provides the information about the Company’s revenue, significant segment expenses, and other segment items:

The following table provides the operating financial results for the segment:

Three months ended March 31, 

  ​ ​ ​

2026

2025

Revenue

 

 

  ​

  ​

Fuel sales

 

$

464,305

$

400,177

Inside merchandise sales

213,677

 

195,104

Other revenues

5,648

 

5,037

Total revenues

683,630

 

600,318

Less:

 

  ​

Cost of fuel sales

392,696

 

351,980

Cost of merchandise sales

136,519

 

128,472

Salaries and employee benefits

49,712

 

49,096

Payment fees

12,550

 

10,735

Repairs and maintenance

4,659

 

4,899

Facility expense

11,433

 

8,811

Other selling, general, and administrative expenses(a)

17,715

 

21,353

Depreciation, amortization, and accretion

15,988

 

15,517

(Gain) loss on disposal of assets

(86)

 

(745)

Interest expense, net

12,208

 

14,534

Other segment items(b)

 

1,300

Consolidated net income (loss)

 

$

30,236

$

(5,634)

(a)Other selling, general, and administrative expenses primarily includes: utilities, insurance, supplies, and other operating expenses.
(b)Other segment items include change in fair value of derivative liability and income tax expense.