XML 39 R31.htm IDEA: XBRL DOCUMENT
v3.25.2

Segment Reporting (Tables) | 6 Months Ended
--- | ---
Jun. 30, 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 June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Revenues from fuel sales to external customers |  | $ | 399,598 |  |  | $ | 432,813 |  |  | $ | — |  |  | $ | 832,411 |
Revenues from food and merchandise sales |  |  | — |  |  |  | 108,059 |  |  |  | — |  |  |  | 108,059 |
Rent income |  |  | 11,851 |  |  |  | 3,608 |  |  |  | — |  |  |  | 15,459 |
Other revenue |  |  | 1,388 |  |  |  | 4,608 |  |  |  | — |  |  |  | 5,996 |
Total revenues |  |  | 412,837 |  |  |  | 549,088 |  |  |  | — |  |  |  | 961,925 |
Cost of goods sold - fuel |  |  | 384,433 |  |  |  | 394,024 |  |  |  | — |  |  |  | 778,457 |
Cost of goods sold - food and merchandise |  |  | — |  |  |  | 77,553 |  |  |  | — |  |  |  | 77,553 |
Cost of goods sold - Rent expense |  |  | 3,539 |  |  |  | 1,384 |  |  |  | — |  |  |  | 4,923 |
Gross profit |  |  | 24,865 |  |  |  | 76,127 |  |  |  | — |  |  |  | 100,992 |
Store labor |  |  | — |  |  |  | 23,468 |  |  |  | — |  |  |  | 23,468 |
Maintenance and environmental costs |  |  | 1,425 |  |  |  | 7,048 |  |  |  | — |  |  |  | 8,473 |
Other items (a) |  |  | 5,696 |  |  |  | 20,312 |  |  |  | 1,546 |  |  |  | 27,554 |
Operating income (loss) |  | $ | 17,744 |  |  | $ | 25,299 |  |  | $ | (1,546 | ) |  | $ | 41,497 |
Three Months Ended June 30, 2024 (b) |  |  |  |  |  |  |  |  |  |  |  |
Revenues from fuel sales to external customers |  | $ | 509,335 |  |  | $ | 494,450 |  |  | $ | — |  |  | $ | 1,003,785 |
Revenues from food and merchandise sales |  |  | — |  |  |  | 105,393 |  |  |  | — |  |  |  | 105,393 |
Rent income |  |  | 14,667 |  |  |  | 3,188 |  |  |  | — |  |  |  | 17,855 |
Other revenue |  |  | 1,074 |  |  |  | 5,248 |  |  |  | — |  |  |  | 6,322 |
Total revenues |  |  | 525,076 |  |  |  | 608,279 |  |  |  | — |  |  |  | 1,133,355 |
Cost of goods sold - fuel |  |  | 492,696 |  |  |  | 455,161 |  |  |  | — |  |  |  | 947,857 |
Cost of goods sold - food and merchandise |  |  | — |  |  |  | 75,544 |  |  |  | — |  |  |  | 75,544 |
Cost of goods sold - Rent expense |  |  | 4,262 |  |  |  | 930 |  |  |  | — |  |  |  | 5,192 |
Gross profit |  |  | 28,118 |  |  |  | 76,644 |  |  |  | — |  |  |  | 104,762 |
Store labor |  |  | — |  |  |  | 22,881 |  |  |  | — |  |  |  | 22,881 |
Maintenance and environmental costs |  |  | 1,364 |  |  |  | 6,303 |  |  |  | — |  |  |  | 7,667 |
Other items (a) |  |  | 5,830 |  |  |  | 19,447 |  |  |  | 20,760 |  |  |  | 46,037 |
Operating income (loss) |  | $ | 20,924 |  |  | $ | 28,013 |  |  | $ | (20,760 | ) |  | $ | 28,177 |
Six Months Ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Revenues from fuel sales to external customers |  | $ | 765,359 |  |  | $ | 817,334 |  |  | $ | — |  |  | $ | 1,582,693 |
Revenues from food and merchandise sales |  |  | — |  |  |  | 197,400 |  |  |  | — |  |  |  | 197,400 |
Rent income |  |  | 25,135 |  |  |  | 7,526 |  |  |  | — |  |  |  | 32,661 |
Other revenue |  |  | 2,583 |  |  |  | 9,063 |  |  |  | — |  |  |  | 11,646 |
Total revenues |  |  | 793,077 |  |  |  | 1,031,323 |  |  |  | — |  |  |  | 1,824,400 |
Cost of goods sold - fuel |  |  | 734,431 |  |  |  | 747,364 |  |  |  | — |  |  |  | 1,481,795 |
Cost of goods sold - food and merchandise |  |  | — |  |  |  | 141,981 |  |  |  | — |  |  |  | 141,981 |
Cost of goods sold - Rent expense |  |  | 7,127 |  |  |  | 2,691 |  |  |  | — |  |  |  | 9,818 |
Gross profit |  |  | 51,519 |  |  |  | 139,287 |  |  |  | — |  |  |  | 190,806 |
Store labor |  |  | — |  |  |  | 46,034 |  |  |  | — |  |  |  | 46,034 |
Maintenance and environmental costs |  |  | 2,894 |  |  |  | 15,119 |  |  |  | — |  |  |  | 18,013 |
Other items (a) |  |  | 11,397 |  |  |  | 41,379 |  |  |  | 30,485 |  |  |  | 83,261 |
Operating income (loss) |  | $ | 37,228 |  |  | $ | 36,755 |  |  | $ | (30,485 | ) |  | $ | 43,498 |
|  | Wholesale |  |  | Retail |  |  | Unallocated |  |  | Consolidated |
Six Months Ended June 30, 2024 (b) |  |  |  |  |  |  |  |  |  |  |  |
Revenues from fuel sales to external customers |  | $ | 959,914 |  |  | $ | 884,302 |  |  | $ | — |  |  | $ | 1,844,216 |
Revenues from food and merchandise sales |  |  | — |  |  |  | 181,825 |  |  |  | — |  |  |  | 181,825 |
Rent income |  |  | 30,646 |  |  |  | 6,375 |  |  |  | — |  |  |  | 37,021 |
Other revenue |  |  | 1,994 |  |  |  | 9,847 |  |  |  | — |  |  |  | 11,841 |
Total revenues |  |  | 992,554 |  |  |  | 1,082,349 |  |  |  | — |  |  |  | 2,074,903 |
Cost of goods sold - fuel |  |  | 928,673 |  |  |  | 818,976 |  |  |  | — |  |  |  | 1,747,649 |
Cost of goods sold - food and merchandise |  |  | — |  |  |  | 130,533 |  |  |  | — |  |  |  | 130,533 |
Cost of goods sold - Rent expense |  |  | 8,802 |  |  |  | 1,809 |  |  |  | — |  |  |  | 10,611 |
Gross profit |  |  | 55,079 |  |  |  | 131,031 |  |  |  | — |  |  |  | 186,110 |
Store labor |  |  | — |  |  |  | 41,746 |  |  |  | — |  |  |  | 41,746 |
Maintenance and environmental costs |  |  | 3,567 |  |  |  | 12,650 |  |  |  | — |  |  |  | 16,217 |
Other items (a) |  |  | 12,524 |  |  |  | 37,366 |  |  |  | 63,125 |  |  |  | 113,015 |
Operating income (loss) |  | $ | 38,988 |  |  | $ | 39,269 |  |  | $ | (63,125 | ) |  | $ | 15,132 |
Summary of reconciliation from operating income to income before income taxes | A reconciliation from operating income to income (loss) before income taxes follows (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Operating income |  | $ | 41,497 |  |  | $ | 28,177 |  |  | $ | 43,498 |  |  | $ | 15,132 |
Other income, net |  |  | 136 |  |  |  | 158 |  |  |  | 266 |  |  |  | 407 |
Interest expense |  |  | (12,569 | ) |  |  | (14,208 | ) |  |  | (25,413 | ) |  |  | (24,749 | )
Income (loss) before income taxes |  | $ | 29,064 |  |  | $ | 14,127 |  |  | $ | 18,351 |  |  | $ | (9,210 | )
Summary of Receivables Relating to Revenue Streams | Receivables relating to the revenue streams above are as follows (in thousands):
|  | June 30, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Receivables from fuel and merchandise sales |  | $ | 31,677 |  |  | $ | 30,115 |
Receivables for rent and other lease-related charges |  |  | 1,546 |  |  |  | 2,122 |
Total accounts receivable |  | $ | 33,223 |  |  | $ | 32,237 |

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration