Exhibit 99.1


earningsreleaseletterhead.jpg
FOR IMMEDIATE RELEASE
Contact:
Katie Strohacker, Senior Director of Investor Relations
(617) 796-8251
www.ta-petro.com
TravelCenters of America LLC Announces Third Quarter 2018 Financial Results
Third Quarter Income From Continuing Operations of $1.6 Million; Adjusted EBITDA of $31.4 Million Increased 2.4%
Third Quarter Nonfuel Gross Margin up 3.4%
Agreement to sell Minit Mart Stores on Track to Close in the Fourth Quarter
____________________________________________________________________________________
 
Westlake, OH (November 5, 2018): TravelCenters of America LLC (Nasdaq: TA) today announced financial results for the three and nine months ended September 30, 2018:
(in thousands, except per share and per gallon amounts)
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
2018
 
2017
 
2018
 
2017
Total revenues
$
1,659,397

 
$
1,378,223

 
$
4,697,925

 
$
3,915,836

Income (loss) before income taxes and
   discontinued operations
3,468

 
7,332

 
3,487

 
(42,616
)
Income from continuing operations
1,589

 
63,273

 
4,200

 
33,821

Net (loss) income
(70,480
)
 
62,307

 
(114,482
)
 
29,993

Net (loss) income attributable to common shareholders
(70,514
)
 
62,277

 
(114,604
)
 
29,893

 
 
 
 
 
 
 
 
Income per common share from continuing operations
   attributable to common shareholders (basic and diluted)
$
0.04

 
$
1.60

 
$
0.10

 
$
0.85

 
 
 
 
 
 
 
 
Supplemental Data:
 
 
 
 
 
 
 
Fuel sales volume (gallons):
 
 
 
 
 
 
 
Diesel fuel
408,403

 
405,811

 
1,208,073

 
1,204,750

Gasoline
82,086

 
82,995

 
227,110

 
227,423

Total fuel sales volume
490,489

 
488,806

 
1,435,183

 
1,432,173

 
 
 
 
 
 
 
 
Fuel revenues
$
1,172,913

 
$
908,456

 
$
3,308,744

 
$
2,582,699

Fuel gross margin
76,848

 
69,391

 
234,123

 
208,780

Fuel gross margin per gallon
$
0.157

 
$
0.142

 
$
0.163

 
$
0.146

 
 
 
 
 
 
 
 
Nonfuel revenues
$
482,621

 
$
465,232

 
$
1,377,159

 
$
1,319,308

Nonfuel gross margin
289,670

 
280,105

 
838,553

 
797,663

Nonfuel gross margin percentage
60.0
%
 
60.2
%
 
60.9
%
 
60.5
%
 
 
 
 
 
 
 
 
Non-GAAP Measures:(1)
 
 
 
 
 
 
 
Adjusted income (loss) from continuing operations
$
1,589

 
$
2,097

 
$
(18,552
)
 
$
(15,656
)
Adjusted income (loss) per common share from
   continuing operations attributable to common
   shareholders (basic and diluted)
$
0.04

 
$
0.05

 
$
(0.46
)
 
$
(0.40
)
EBITDA
$
31,393

 
$
34,829

 
$
87,526

 
$
46,997

Adjusted EBITDA
31,393

 
30,644

 
57,879

 
56,608

(1)
Reconciliations from income from continuing operations and income per common share from continuing operations attributable to common shareholders, as applicable, the financial measures determined in accordance with U.S. generally accepted accounting principles, or GAAP, to the non-GAAP measures disclosed herein are included in the supplemental tables below.

1

The following information was filed by Travelcenters Of America Llc (TA) on Monday, November 5, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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