XML 38 R30.htm IDEA: XBRL DOCUMENT v3.26.1
Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2026
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, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from fuel sales to external customers

 

$

527,990

 

 

$

524,475

 

 

$

 

 

$

1,052,465

 

Revenues from food and merchandise sales

 

 

 

 

 

105,287

 

 

 

 

 

 

105,287

 

Rent income

 

 

10,634

 

 

 

4,032

 

 

 

 

 

 

14,666

 

Other revenue

 

 

1,149

 

 

 

5,450

 

 

 

 

 

 

6,599

 

Total revenues

 

 

539,773

 

 

 

639,244

 

 

 

 

 

 

1,179,017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold - fuel

 

 

510,189

 

 

 

478,014

 

 

 

 

 

 

988,203

 

Cost of goods sold - food and merchandise

 

 

 

 

 

74,261

 

 

 

 

 

 

74,261

 

Cost of goods sold - Rent expense

 

 

2,487

 

 

 

1,279

 

 

 

 

 

 

3,766

 

Gross profit

 

 

27,097

 

 

 

85,690

 

 

 

 

 

 

112,787

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Store labor

 

 

 

 

 

21,563

 

 

 

 

 

 

21,563

 

Maintenance and environmental costs

 

 

1,417

 

 

 

7,014

 

 

 

 

 

 

8,431

 

Other items (a)

 

 

4,913

 

 

 

20,118

 

 

 

22,490

 

 

 

47,521

 

Operating income (loss)

 

$

20,767

 

 

$

36,995

 

 

$

(22,490

)

 

$

35,272

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from fuel sales to external customers

 

$

885,602

 

 

$

897,553

 

 

$

 

 

$

1,783,155

 

Revenues from food and merchandise sales

 

 

 

 

 

195,952

 

 

 

 

 

 

195,952

 

Rent income

 

 

21,173

 

 

 

8,053

 

 

 

 

 

 

29,226

 

Other revenue

 

 

2,255

 

 

 

10,259

 

 

 

 

 

 

12,514

 

Total revenues

 

 

909,030

 

 

 

1,111,817

 

 

 

 

 

 

2,020,847

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold - fuel

 

 

853,348

 

 

 

811,232

 

 

 

 

 

 

1,664,580

 

Cost of goods sold - food and merchandise

 

 

 

 

 

137,974

 

 

 

 

 

 

137,974

 

Cost of goods sold - Rent expense

 

 

5,265

 

 

 

2,618

 

 

 

 

 

 

7,883

 

Gross profit

 

 

50,417

 

 

 

159,993

 

 

 

 

 

 

210,410

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Store labor

 

 

 

 

 

42,891

 

 

 

 

 

 

42,891

 

Maintenance and environmental costs

 

 

2,645

 

 

 

14,640

 

 

 

 

 

 

17,285

 

Other items (a)

 

 

10,122

 

 

 

41,163

 

 

 

39,927

 

 

 

91,212

 

Operating income (loss)

 

$

37,650

 

 

$

61,299

 

 

$

(39,927

)

 

$

59,022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wholesale

 

 

Retail

 

 

Unallocated

 

 

Consolidated

 

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

 

Summary of reconciliation from operating income to income before income taxes

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

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating income

 

$

35,272

 

 

$

41,497

 

 

$

59,022

 

 

$

43,498

 

Other income, net

 

 

212

 

 

 

136

 

 

 

369

 

 

 

266

 

Interest expense

 

 

(11,342

)

 

 

(12,569

)

 

 

(22,092

)

 

 

(25,413

)

Income before income taxes

 

$

24,142

 

 

$

29,064

 

 

$

37,299

 

 

$

18,351

 

Summary of Receivables Relating to Revenue Streams

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

 

 

 

June 30,

 

 

December 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

2024

 

Receivables from fuel and merchandise sales

 

$

33,639

 

 

$

28,316

 

 

$

30,115

 

Receivables for rent and other lease-related charges

 

 

846

 

 

 

937

 

 

 

2,122

 

Total accounts receivable

 

$

34,485

 

 

$

29,253

 

 

$

32,237