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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.

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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.

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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.

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