CST Brands (CST) Reports In-Line Q1 EPS
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CrossAmerica Partners LP Reports First Quarter 2016 Results
May 6, 2016 6:01 AM UTC- Generated first quarter Adjusted EBITDA of $22.2 million, up 43% over first quarter 2015
- Reported first quarter Distribution Coverage Ratio of 0.88x versus 0.76x for the first quarter of 2015
- Generated first quarter Distributable Cash Flow of $17.3 million, up 71% over first quarter 2015
ALLENTOWN, Pa.--(BUSINESS WIRE)-- CrossAmerica Partners LP (NYSE: CAPL) (CrossAmerica or the Partnership), a leading wholesale fuels distributor, convenience store operator, and owner and lessor of real estate used in the retail distribution of motor fuels, today reported financial results for the first quarter ended... More
CST Brands, Inc. Reports First Quarter 2016 Results
May 6, 2016 6:01 AM UTCSAN ANTONIO--(BUSINESS WIRE)-- CST Brands, Inc. (NYSE: CST), one of the largest independent retailers of motor fuels and convenience merchandise in North America, today reported financial results for the first quarter ended March 31, 2016.
We had a strong first quarter led by impressive improvements in retail merchandise sales and gross profits. U.S. merchandise and services gross profits grew by 25% over the first quarter of 2015 on increased sales and margins. Our Canadian stores grew merchandise and services gross profits by 10%, excluding the impact of foreign currency exchange, with an impressive 6% increase in same store... More
CST Brands Enters into Definitive Agreement with 7-Eleven to Sell California and Wyoming Stores
May 5, 2016 5:30 PM UTCSAN ANTONIO--(BUSINESS WIRE)-- CST Brands, Inc. (NYSE: CST), a San Antonio-based Fortune 500 fuel and convenience retailer, announced today that it has entered into a definitive agreement to sell store operations in both the California and Wyoming markets to 7-Eleven, Inc. and its wholly-owned subsidiary, SEI Fuel Services, Inc. The transaction includes 76 stores in California and 3 stores in Wyoming.
The purchase price for the transaction is $408 million. The transaction is subject to customary closing conditions including possible purchase price adjustments at the time of close. The cash deal is expected to close... More
