ARKO Petroleum (APC) Q1 2026 earnings summary

Executive summary

• Net income rose to $8.1 million from $4.5 million year-over-year for Q1 2026.

• Adjusted EBITDA increased to $36.4 million from $30.9 million year-over-year.

• Completed IPO in February 2026, raising $206.8 million in net proceeds, used to reduce debt and enhance liquidity.

• Strategic focus on converting retail sites to dealer locations and expanding fleet fueling, with 41 conversions and 1 new fleet fueling site in Q1 2026.

• Business operates in over 30 states with 2,126 dealer locations, 1,056 retail sites, and 292 cardlock locations as of March 31, 2026.

Financial highlights

• Q1 2026 revenue was $1.34 billion, nearly flat year-over-year; net income: $8.1 million.

• Discretionary cash flow increased to $25.0 million from $17.1 million.

• Net cash from operating activities was $6.6 million for the quarter.

• Dividend of $0.26 per share paid in April; Q2 dividend expected at $0.50 per share, targeting $2 annualized.

• Fuel revenue increased 6.7% to $807.6 million; fuel revenue from related parties fell 10.4% to $514.5 million due to lower volumes.

Outlook and guidance

• Full-year 2026 guidance maintained: adjusted EBITDA of ~$156 million and discretionary cash flow of ~$110 million.

• Plans to open 20 new fleet fueling locations in 2026, with one opened and 17 in process.

• Continued focus on dealerization and expansion in fleet fueling and wholesale segments.

• Intends to pay a regular quarterly dividend of $0.50 per share ($2.00 annualized), subject to board discretion and cash flow.