Earnings Call Summary | CrossAmerica(CAPL.US) Q3 2024 Earnings Conference
Earnings Call Summary | CrossAmerica(CAPL.US) Q3 2024 Earnings Conference
Distributable cash flow declined to $27.1 million in Q3 2024 from $31.4 million in the previous year, primarily due to an increase in interest expense and higher sustaining capital spending.The following is a summary of the CrossAmerica Partners LP Common Units (CAPL) Q3 2024 Earnings Call Transcript:
以下是CrossAmerica Partners LP普通股（CAPL）2024年第三季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
CrossAmerica Partners reported a net income of $10.7 million for Q3 2024, down from $12.3 million in Q3 2023.
Adjusted EBITDA slightly decreased by 1% to $43.9 million in Q3 2024 from $44.2 million in Q3 2023.
Distributable cash flow declined to $27.1 million in Q3 2024 from $31.4 million in the previous year, primarily due to an increase in interest expense and higher sustaining capital spending.
CrossAmerica Partners報告稱，2024年第三季度的淨收入爲1,070萬美元，低於2023年第三季度的1,230萬美元。
調整後的息稅折舊攤銷前利潤從2023年第三季度的4,420萬美元略微下降了1％，至2024年第三季度的4,390萬美元。
可分配現金流從去年的3,140萬美元降至2024年第三季度的2710萬美元，這主要是由於利息支出增加和持續資本支出增加。
Business Progress:
業務進展：
Retail segment saw a 24% increase in gross profit and a 19% increase in operating income, with notably higher fuel margins.
Wholesale segment gross profit declined by 16% due to a drop in fuel volume, partially offset by higher margins per gallon.
CrossAmerica increased company-operated retail site count by 79 sites from last year and continued active property divestitures, enhancing their strategic shift towards retail operations.
零售板塊的毛利增長了24％，營業收入增長了19％，燃料利潤率明顯提高。
由於燃料量下降，批發板塊的毛利下降了16％，但每加侖利潤率的提高部分抵消了這一下降。
CrossAmerica將公司運營的零售場地數量比去年增加了79個，並繼續積極進行房地產剝離，從而加強了他們向零售業務的戰略轉移。
Opportunities:
機會：
The conversion from wholesale to retail operations has increased exposure to higher retail fuel margins.
Continued investment and strategy in converting sites highlight potential for robust retail segment growth and enhanced profitability.
從批發業務向零售業務的轉變增加了零售燃料利潤率更高的風險。
在場地改造方面的持續投資和戰略凸顯了零售細分市場強勁增長和提高盈利能力的潛力。
Risks:
風險：
Retail segment experienced a soft demand environment with flat same-store sales and a slight decline in inside sales despite strong fuel margin performance.
零售板塊經歷了需求疲軟的環境，儘管燃油利潤率表現強勁，但同店銷售額持平，內部銷售略有下降。
More details: CrossAmerica IR
更多詳情：CrossAmerica 投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
溫馨提示：欲了解更多詳情，請參閱投資者關係網站。本文僅供投資者參考，沒有任何指導或建議建議。
譯文內容由第三人軟體翻譯。
