Schedule of Reportable Segments |
Inter-segment transactions primarily included the distribution of fuel by GPMP to substantially all of GPM’s sites that sell fuel (both in the retail and wholesale segments) and charges by GPMP primarily to sites that sell fuel in the fleet fueling segment which are not supplied by GPMP. The effect of these inter-segment transactions was eliminated in the consolidated financial statements.
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Year Ended December 31, 2024 |
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Retail |
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Wholesale |
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Fleet Fueling |
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GPMP |
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All Other |
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Total |
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(in thousands) |
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Revenues |
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Fuel revenue |
|
$ |
3,509,935 |
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$ |
2,799,869 |
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$ |
515,462 |
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$ |
3,624 |
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$ |
30,029 |
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$ |
6,858,919 |
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Merchandise revenue |
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1,767,345 |
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|
— |
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— |
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— |
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— |
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1,767,345 |
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Other revenues, net |
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65,264 |
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|
29,140 |
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9,135 |
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838 |
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1,321 |
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|
105,698 |
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Total revenues from external customers |
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$ |
5,342,544 |
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$ |
2,829,009 |
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$ |
524,597 |
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$ |
4,462 |
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$ |
31,350 |
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$ |
8,731,962 |
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Inter-segment revenues |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
4,587,458 |
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$ |
20,396 |
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$ |
4,607,854 |
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Fuel costs |
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$ |
3,081,719 |
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$ |
2,709,519 |
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$ |
451,173 |
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$ |
4,481,926 |
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Merchandise costs |
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1,187,776 |
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Salaries and wages |
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326,987 |
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Credit card fees |
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92,977 |
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7,651 |
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4,249 |
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Rent |
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142,781 |
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24,705 |
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11,204 |
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Repairs and maintenance |
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63,217 |
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3,156 |
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4,201 |
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Other segment expenses |
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164,683 |
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4,167 |
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5,263 |
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10,956 |
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|
52,195 |
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Operating income (loss) from segments |
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$ |
282,404 |
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$ |
79,811 |
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$ |
48,507 |
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$ |
99,038 |
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$ |
(449 |
) |
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$ |
509,311 |
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Interest and other financial expenses, net |
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$ |
(31,698 |
) |
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$ |
(31,698 |
) |
Income from equity investment |
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$ |
124 |
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$ |
124 |
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Year Ended December 31, 2023 |
|
Retail |
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Wholesale |
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Fleet Fueling |
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GPMP |
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All Other |
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Total |
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(in thousands) |
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Revenues |
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Fuel revenue |
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$ |
3,858,777 |
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|
$ |
3,039,904 |
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$ |
530,937 |
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$ |
3,681 |
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$ |
31,073 |
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$ |
7,464,372 |
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Merchandise revenue |
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1,838,001 |
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— |
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— |
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— |
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— |
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1,838,001 |
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Other revenues, net |
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|
74,406 |
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|
25,775 |
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|
7,818 |
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|
939 |
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1,420 |
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110,358 |
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Total revenues from external customers |
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5,771,184 |
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3,065,679 |
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|
538,755 |
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|
4,620 |
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|
32,493 |
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|
9,412,731 |
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Inter-segment revenues |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
5,160,146 |
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$ |
19,643 |
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$ |
5,179,789 |
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Fuel costs |
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$ |
3,423,455 |
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$ |
2,946,996 |
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$ |
475,037 |
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$ |
5,052,391 |
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Merchandise costs |
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1,252,879 |
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Salaries and wages |
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325,920 |
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Credit card fees |
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95,833 |
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9,398 |
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3,997 |
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Rent |
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137,647 |
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22,124 |
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10,172 |
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Repairs and maintenance |
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|
59,324 |
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|
3,309 |
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3,690 |
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Other segment expenses |
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|
160,724 |
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|
4,872 |
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|
4,439 |
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|
9,929 |
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|
51,303 |
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Operating income from segments |
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$ |
315,402 |
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$ |
78,980 |
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$ |
41,420 |
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$ |
102,446 |
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$ |
833 |
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$ |
539,081 |
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Interest and other financial expenses, net |
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$ |
(29,487 |
) |
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$ |
(29,487 |
) |
Loss from equity investment |
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$ |
(39 |
) |
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$ |
(39 |
) |
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Year Ended December 31, 2022 |
|
Retail |
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Wholesale |
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Fleet Fueling |
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|
GPMP |
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All Other |
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Total |
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(in thousands) |
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Revenues |
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Fuel revenue |
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$ |
3,887,549 |
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|
$ |
3,234,145 |
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|
$ |
270,670 |
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$ |
5,160 |
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$ |
3,566 |
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$ |
7,401,090 |
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Merchandise revenue |
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1,647,642 |
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|
— |
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— |
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— |
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— |
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|
1,647,642 |
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Other revenues, net |
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|
67,280 |
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|
23,451 |
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|
2,178 |
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|
1,024 |
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|
134 |
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|
94,067 |
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Total revenues from external customers |
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$ |
5,602,471 |
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$ |
3,257,596 |
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$ |
272,848 |
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$ |
6,184 |
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$ |
3,700 |
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$ |
9,142,799 |
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Inter-segment revenues |
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$ |
— |
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$ |
— |
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$ |
— |
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|
$ |
5,678,167 |
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|
$ |
4,264 |
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$ |
5,682,431 |
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Fuel costs |
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$ |
3,471,321 |
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|
$ |
3,135,988 |
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|
$ |
242,849 |
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$ |
5,585,050 |
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Merchandise costs |
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|
1,146,423 |
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Salaries and wages |
|
|
275,080 |
|
|
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|
|
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Credit card fees |
|
|
89,812 |
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|
9,701 |
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|
1,915 |
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Rent |
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|
118,492 |
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|
24,743 |
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|
4,103 |
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Repairs and maintenance |
|
|
52,839 |
|
|
|
2,511 |
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|
913 |
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Other segment expenses |
|
|
133,625 |
|
|
|
5,588 |
|
|
|
1,802 |
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|
10,266 |
|
|
|
7,172 |
|
|
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|
Operating income from segments |
|
$ |
314,879 |
|
|
$ |
79,065 |
|
|
$ |
21,266 |
|
|
$ |
89,035 |
|
|
$ |
792 |
|
|
$ |
505,037 |
|
Interest and other financial expenses, net |
|
|
|
|
|
|
|
|
|
|
$ |
(11,654 |
) |
|
|
|
|
$ |
(11,654 |
) |
Loss from equity investment |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(74 |
) |
|
$ |
(74 |
) |
|