--- title: "ARKO Petroleum | 8-K: FY2026 Q1 Revenue: USD 1.772 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/285541659.md" datetime: "2026-05-07T11:32:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285541659.md) - [en](https://longbridge.com/en/news/285541659.md) - [zh-HK](https://longbridge.com/zh-HK/news/285541659.md) --- # ARKO Petroleum | 8-K: FY2026 Q1 Revenue: USD 1.772 B Revenue: As of FY2026 Q1, the actual value is USD 1.772 B. EPS: As of FY2026 Q1, the actual value is USD -0.07. EBIT: As of FY2026 Q1, the actual value is USD 28.18 M. ARKO Petroleum Corp.’s parent company, ARKO Corp., announced its financial results for the first quarter ended March 31, 2026, which included certain results of operations for ARKO Petroleum Corp. #### Overall Company Performance - **Net Loss**: The net loss for the first quarter ended March 31, 2026, was - $5.6 million, an improvement from a net loss of - $12.7 million in the prior year period. - **Adjusted EBITDA**: Adjusted EBITDA increased by 65.1% to $50.9 million for the quarter, up from $30.9 million in the prior year period. - **Operating Income (Loss)**: Operating income was $10,037 thousand for the first quarter of 2026, a significant improvement from an operating loss of - $11,764 thousand in the first quarter of 2025. - **Net Cash Provided by Operating Activities**: Net cash provided by operating activities was $18,670 thousand for the first quarter of 2026, compared to $43,402 thousand in the prior year. - **Capital Expenditures**: Capital expenditures totaled $30.9 million for the first quarter of 2026, including investments in new-to-industry (NTI) retail stores, fleet fueling locations, remodels, EV chargers, and fuel dispenser upgrades. - **Liquidity and Debt**: As of March 31, 2026, total liquidity was approximately $1.1 billion, comprising $272 million in cash and cash equivalents and $794 million in available lines of credit. Outstanding debt was approximately $704 million, resulting in a net debt of approximately $432 million. - **Dividend**: The Board of Directors declared a quarterly dividend of $0.03 per share of common stock. #### Retail Segment - **Fuel Gallons Sold**: Fuel gallons sold were 194,737 thousand for Q1 2026, down from 225,063 thousand for Q1 2025. - **Same Store Fuel Gallons Sold Decrease**: Same store fuel gallons sold decreased by -3.2% in Q1 2026, an improvement from a -6.2% decrease in Q1 2025. - **Fuel Contribution**: Fuel contribution increased by $8.0 million, or 9.4%, to $93,266 thousand in Q1 2026 compared to $85,273 thousand in Q1 2025, primarily driven by a $15.3 million increase in same store fuel contribution. - **Fuel Margin per Gallon**: Fuel margin was 47.9 cents per gallon in Q1 2026, an increase of 10.0 cents per gallon compared to 37.9 cents per gallon in Q1 2025. - **Merchandise Revenue**: Merchandise revenue was $305,410 thousand in Q1 2026, down from $354,485 thousand in Q1 2025. - **Merchandise Contribution**: Merchandise contribution decreased by $14.1 million, or 12.0%, to $103,510 thousand in Q1 2026 compared to $117,570 thousand in Q1 2025. - **Merchandise Margin**: Merchandise margin increased to 33.9% in Q1 2026 from 33.2% in Q1 2025. - **Same Store Merchandise Sales Excluding Cigarettes**: Increased approximately 0.4%, representing the strongest performance in two years. - **Site Operating Expenses**: Site operating expenses decreased by $21.4 million, or 12.1%, to $155,873 thousand in Q1 2026 compared to $177,239 thousand in Q1 2025. - **Operating Income**: Operating income for the Retail segment was $53,599 thousand in Q1 2026, up from $40,151 thousand in Q1 2025. - **Store Count**: The number of retail sites at the end of Q1 2026 was 1,079, down from 1,329 at the end of Q1 2025, with 41 retail stores converted to dealer locations during the first quarter. #### Wholesale Segment - **Fuel Gallons Sold**: Fuel gallons sold for fuel supply locations were 198,400 thousand in Q1 2026, up from 191,077 thousand in Q1 2025. Fuel gallons sold for consignment agent locations were 35,540 thousand in Q1 2026, down from 36,515 thousand in Q1 2025. - **Fuel Contribution**: Fuel contribution increased by $2.8 million in Q1 2026 compared to Q1 2025. Fuel contribution for fuel supply locations was $12,662 thousand in Q1 2026 versus $11,453 thousand in Q1 2025, and for consignment agent locations it was $10,229 thousand in Q1 2026 versus $8,594 thousand in Q1 2025. - **Fuel Margin per Gallon**: Fuel margin per gallon for fuel supply locations increased to 6.4 cents in Q1 2026 from 6.0 cents in Q1 2025. For consignment agent locations, it increased to 28.8 cents from 23.5 cents. - **Operating Income**: Wholesale operating income increased by $4.4 million to $23,012 thousand in Q1 2026 compared to $18,630 thousand in Q1 2025. - **Site Count**: The number of wholesale sites at the end of Q1 2026 was 2,126, up from 1,961 at the end of Q1 2025. #### Fleet Fueling Segment - **Fuel Gallons Sold**: Fuel gallons sold for proprietary cardlock locations were 30,517 thousand in Q1 2026, down from 31,918 thousand in Q1 2025. Fuel gallons sold for third-party cardlock locations were 3,446 thousand in Q1 2026, up from 3,175 thousand in Q1 2025. - **Fuel Contribution**: Fuel contribution increased by $1.4 million in Q1 2026 compared to Q1 2025. Fuel contribution for proprietary cardlock locations was $15,942 thousand in Q1 2026 versus $14,706 thousand in Q1 2025, and for third-party cardlock locations it was $803 thousand in Q1 2026 versus $596 thousand in Q1 2025. - **Fuel Margin per Gallon**: Fuel margin per gallon for proprietary cardlock locations increased to 52.2 cents in Q1 2026 from 46.1 cents in Q1 2025. For third-party cardlock locations, it increased to 23.4 cents from 18.7 cents. - **Operating Income**: Operating income for the Fleet Fueling segment was $11,955 thousand in Q1 2026, up from $10,992 thousand in Q1 2025. - **Site Count**: The number of fleet fueling sites at the end of Q1 2026 was 292, up from 280 at the end of Q1 2025. #### GPMP Segment - **Operating Income**: Operating income for the GPMP segment was $25,616 thousand in Q1 2026, up from $21,926 thousand in Q1 2025. #### Unique Metrics - **ARKO Petroleum Corp. (APC) IPO**: ARKO Petroleum Corp. completed an initial public offering (IPO) of its Class A common stock, generating total net proceeds of approximately $206.8 million. ARKO Corp. owns 35 million APC shares, representing 73.6% of the economic interests in APC, with an implied value of approximately $650 million and an APC market capitalization of approximately $900 million as of May 5, 2026. ARKO Corp. applied $206.7 million of the APC IPO proceeds to reduce debt during the quarter. #### Outlook / Guidance ARKO Petroleum Corp. maintains its full-year 2026 Adjusted EBITDA guidance range of $245 million to $265 million, based on an assumed average retail fuel margin of 41.5 to 43.5 cents per gallon. The company expects to complete approximately 75 additional store conversions by the end of 2026, with channel optimization anticipated to deliver a cumulative annualized operating income benefit of more than $20 million. 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