Exhibit 99.1

image11.jpg
FOR IMMEDIATE RELEASE
Contact:
Kristin Brown, Director of Investor Relations
(617) 796-8251
www.ta-petro.com
TravelCenters of America Inc. Announces Fourth Quarter and Full Year 2019 Financial Results
Fuel Sales Volume Increased 5.3% for the 2019 Fourth Quarter
TA Recognized $70.2 million Federal Biodiesel Blenders' Tax Credit
Nonfuel Gross Margin Increased 1.4% for the 2019 Fourth Quarter
_____________________________________________________________________________________
Westlake, OH (February 25, 2020)
: TravelCenters of America Inc. (Nasdaq: TA) today announced financial results for the three months and year ended December 31, 2019.
Jonathan M. Pertchik, TA's CEO, made the following statement regarding the 2019 fourth quarter results:
"TA ended the year on a positive note. Net income for the fourth quarter benefited from a significant increase in fuel gross margin as a result of the reinstatement of the federal biodiesel blenders' tax credit for 2018 and 2019, a 5.3% increase in fuel sales volume and a more favorable fuel purchasing environment, as well as a 1.4% increase in nonfuel gross margin. The company also made progress in its key business initiatives during the fourth quarter, including expanding its travel center network with two new franchise agreements, extending truck service programs through the TechOn-Site® and RoadSquad® services and agreeing to convert up to 94 full service restaurants to IHOP over the next five years."

The following table summarizes TA's financial results for the 2019 and 2018 fourth quarters.
(in thousands, except per share amounts)Three Months Ended 
 December 31,
20192018
Income (loss) from continuing operations $43,117  $(6,973) 
Net income (loss) 43,117  (5,921) 
Net income (loss) attributable to common stockholders43,082  (5,949) 
Income (loss) per share of common stock from continuing operations
   attributable to common stockholders (basic and diluted)(1)
$5.29  $(0.87) 
(1) Income (loss) per share of common stock from continuing operations attributable to common stockholders has been retrospectively adjusted to reflect the reverse stock split of TA's outstanding shares of common stock effective August 1, 2019.

1

The following information was filed by Travelcenters Of America Llc (TA) on Tuesday, February 25, 2020 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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