CrossAmerica Partners LP (NYSE:CAPL) Q2 2023 Results Conference Call August 8, 2023 9:00 AM ET

Company Participants

Maura Topper - CFO

Charles Nifong - CEO and President

Operator

My name is Joanna, and I will be your operator for today’s call. At this time, all participants are in a listen-only mode. Later we will conduct the question-and-answer session. Please note that this conference is being recorded.

I will now turn the call over to Maura Topper. You may begin.

Maura Topper

Thank you for joining the CrossAmerica Partners Second Quarter 2023 Earnings Call. With me today is Charles Nifong, CEO and President.

We’ll start off the call today with Charles providing some opening comments and an overview of CrossAmerica’s operational performance from the quarter. And then I will discuss the financial results. We will then open up the call to questions. Today’s call will follow presentation slides that are available as part of the webcast and are posted on the CrossAmerica website.

Before we begin, I would like to remind everyone that today’s call, including the question-and-answer session, may include forward-looking statements regarding expected revenue, future plans, future operational metrics and opportunities and expectations of the organization. There can be no assurance that management’s expectations, beliefs and projections will be achieved or that actual results will not differ from expectations. Please see CrossAmerica’s filings with the Securities and Exchange Commission, including annual reports on Form 10-K and quarterly reports on Form 10-Q for a discussion of important factors that could affect our actual results. Forward-looking statements represent the judgment of CrossAmerica’s management as of today’s date, and the organization disclaims any intent or obligation to update any forward-looking statements.

During today’s call, we may also provide certain performance measures that do not conform to U.S. generally accepted accounting principles or GAAP. We have provided schedules that reconcile these non-GAAP measures with our reported results on a GAAP basis as part of our earnings press release. Today’s call is being webcast, and a recording of this conference call will be available on the CrossAmerica website for a period of 60 days.

With that, I will now turn the call over to Charles.

Charles Nifong

Thank you, Maura. As always, Maura and I appreciate everyone joining us. We thank you for making the time and your schedule to be with us this morning. During today’s call, I will briefly go through the operating highlights for the second quarter. I will also provide color on the market and a few other updates similar to what I provided on previous calls. Maura will then review in more detail the financial results.