Assets Held for Sale

9 Months Ended

Sep. 30, 2025

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

Note 3. ASSETS HELD FOR SALE

We have classified 14 sites and ten sites as held for sale at September 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):


	September 30,			December 31,
	2025			2024
Land	$	3,625		$	4,483
Buildings and site improvements		2,591			3,866
Equipment		3,475			3,752
Total		9,691			12,101
Less accumulated depreciation		(3,571	)		(3,107	)
Assets held for sale	$	6,120		$	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 nine months ended September 30, 2025, we sold 29 and 96 sites for $21.9 million and $94.5 million in proceeds, resulting in net gains of $7.4 million and $42.5 million, respectively. During the three and nine months ended September 30, 2024, we sold nine and 19 sites for $7.2 million and $19.0 million in proceeds, resulting in net gains of $5.3 million and $11.8 million, respectively. The proceeds for the nine months ended September 30, 2024 include $1.3 million of proceeds initially placed in a Section 1031 exchange escrow account.

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