XML 39 R31.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2025
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, 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2024 (b)

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from fuel sales to external customers

 

$

450,579

 

 

$

389,852

 

 

$

 

 

$

840,431

 

Revenues from food and merchandise sales

 

 

 

 

 

76,432

 

 

 

 

 

 

76,432

 

Rent income

 

 

15,979

 

 

 

3,187

 

 

 

 

 

 

19,166

 

Other revenue

 

 

920

 

 

 

4,599

 

 

 

 

 

 

5,519

 

Total revenues

 

 

467,478

 

 

 

474,070

 

 

 

 

 

 

941,548

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold - fuel

 

 

435,976

 

 

 

363,816

 

 

 

 

 

 

799,792

 

Cost of goods sold - food and merchandise

 

 

 

 

 

54,989

 

 

 

 

 

 

54,989

 

Cost of goods sold - Rent expense

 

 

4,540

 

 

 

879

 

 

 

 

 

 

5,419

 

Gross profit

 

 

26,962

 

 

 

54,386

 

 

 

 

 

 

81,348

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Store labor

 

 

 

 

 

18,865

 

 

 

 

 

 

18,865

 

Maintenance and environmental costs

 

 

2,203

 

 

 

6,348

 

 

 

 

 

 

8,551

 

Other items (a)

 

 

6,694

 

 

 

17,918

 

 

 

42,365

 

 

 

66,977

 

Operating income (loss)

 

$

18,065

 

 

$

11,255

 

 

$

(42,365

)

 

$

(13,045

)

 

Summary of reconciliation from operating income to income before income taxes

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

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Operating income (loss)

 

$

2,001

 

 

$

(13,045

)

Other income, net

 

 

130

 

 

 

249

 

Interest expense

 

 

(12,844

)

 

 

(10,541

)

Loss before income taxes

 

$

(10,713

)

 

$

(23,337

)

Summary of Receivables Relating to Revenue Streams

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

 

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Receivables from fuel and merchandise sales

 

$

27,380

 

 

$

30,115

 

Receivables for rent and other lease-related charges

 

 

2,009

 

 

 

2,122

 

Total accounts receivable

 

$

29,389

 

 

$

32,237