Assets Held for Sale

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment Assets Held-for-Sale Disclosure [Abstract]

Note 3. ASSETS HELD FOR SALE

We have classified 31 sites and ten sites as held for sale at June 30, 2025 and December 31, 2024, respectively, which are expected to be sold within one year of such classification. Assets held for sale were as follows (in thousands):


	June 30,			December 31,
	2025			2024
Land	$	8,121		$	4,483
Buildings and site improvements		8,014			3,866
Equipment		8,503			3,752
Total		24,638			12,101
Less accumulated depreciation		(10,562	)		(3,107	)
Assets held for sale	$	14,076		$	8,994

The Partnership has continued to focus on optimizing the class of trade for its assets, which has included divesting certain assets, often lower performing, while seeking to maintain a wholesale fuel supply relationship whenever possible. During the three and six months ended June 30, 2025, we sold 60 and 67 sites for $64.0 million and $72.6 million in proceeds, resulting in net gains of $29.7 million and $35.2 million, respectively. During the three and six months ended June 30, 2024, we sold ten sites for $11.9 million in proceeds (which includes $1.3 million of proceeds initially placed in a Section 1031 exchange escrow account), resulting in a net gain of $6.5 million.

See Note 5 for information regarding impairment charges primarily recorded upon classifying sites within assets held for sale.