Business
ARKO Corp. Reports Second Quarter 2026 Results
ARKO Corp. Reports Second Quarter 2026
About this update from Arko Corp.
Subsidiary Signs Agreement to Acquire a Vertically Integrated Fuel Supply and Distribution PlatformRICHMOND, Va., Aug. 07, 2026 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company"), one of the largest operators of convenience stores and wholesalers of fuel in the United States, today announced financial results for the second quarter ended June 30, 2026, and reaffirms full-year financial 2026 guidance.Second Quarter and First Half 2026 Key Highlights (vs. Year-Ago Period) 1,2Net income for the quarter was $9.4 million compared to $20.1 million in the prior year period, and net income for the six months ended June 30, 2026, was $3.8 million compared to $7.4 million in the prior year period. Prior year periods net income included a non-cash gain of $20.8 million related to a sale-leaseback transaction.Adjusted EBITDA for the quarter was $72.0 million, compared to $76.9 million in the prior year period, as higher retail same store operating expenses, mostly a $3.3 million increase in credit card fees driven by higher fuel prices, more than offset incremental benefits resulting from the Company's dealerization program. Adjusted EBITDA for the six months ended June 30, 2026 was $122.9 million, compared to $107.8 million in the prior year period, an increase of 14.0% year-over-year.Merchandise margin for the quarter increased 110 basis points to 34.7% compared to 33.6%, reflecting disciplined pricing, favorable product mix and vendor-supported promotions.Retail same store fuel margin for the quarter increased to 48.7 cents per gallon compared to 45.7 cents per gallon, while same store fuel contribution increased approximately 0.5%.ARKO Petroleum Corp.'s Strategic Acquisition AnnouncementSubsequent to quarter end, the Company’s subsidiary ARKO Petroleum Corp. (Nasdaq: APC), announced an agreement to acquire the business of U.S. Petroleum Partners, LLC, ("USPP"), a vertically integrated fuel supply and distribution platform serving customers throughout the Great Lakes region. The strategic transaction would meaningfully expand APC’s platform and accelerate APC's growth strategy outlined at the time of its initial public offering.The acquisition is expected to increase APC’s annual fuel volumes by approximately 280 million gallons, or approximately 14% on a trailing twelve-months basis, by adding more than 400 dealer locations and meaningfu...