Yesway reports 52.6¢/gal fuel margin in Q2 (up from 41.3¢), exits Iowa/Kansas stores

Filed August 13, 2026 · Period ending June 30, 2026 · ~2 min read

Key Changes

• high

  Fuel margin expanded to 52.6 cents per gallon in Q2 FY26 from 41.3 cpg prior year, driving 81% of fuel gross profit growth. Management attributes the 27% margin increase to market supply/demand dynamics and Middle East geopolitical developments.

  MD&A: Fuel Margin Expansion verify on EDGAR →
• high

  Company obligated to pay 85% of realized tax benefits to pre-IPO equity holders under Tax Receivable Agreement. Management expects payments to be significant and notes they will reduce cash flow otherwise available to the company; $92.3M in TRA liabilities recognized as of June 30, 2026.

  MD&A: Tax Receivable Agreement verify on EDGAR →
• high

  Inside merchandise margin improved 49 basis points to 35.7% in Q2 FY26, driven by 2025 pricing actions and product mix shifts that increased average selling price per unit by 4.7%.

  MD&A: Inside Merchandise Margin verify on EDGAR →