ARKO Corp. Reports Third Quarter 2026 Results and Raises Lower End of the Full Year 2026 Adjusted EBITDA Guidance

(NASDAQ:ARKO) ARKO Corp. announced its financial results for the third quarter ended September 30, 2026, and raised the lower end of its full year 2026 Adjusted EBITDA guidance. Net income for the quarter was $14.3 million, up from $13.5 million in the prior year period, while net income for the nine months ended September 30, 2026, was $18.1 million compared to $20.9 million for the prior year period. Adjusted EBITDA for the quarter was $75.7 million, compared to $75.2 million for the prior year period, and Adjusted EBITDA for the nine months ended September 30, 2026, increased 8.5% to $198.6 million from $183.0 million. The company now expects full year 2026 Adjusted EBITDA to be in the range of $250 million to $265 million. ARKO repurchased $62.1 million principal amount of its 5.125% senior notes for $56.8 million. A quarterly dividend of $0.03 per share was declared, payable on December 3, 2026. The retained-store portfolio delivered merchandise sales growth, excluding cigarettes, of 0.8% compared to the prior year quarter, and merchandise margin increased 110 basis points to 34.8% from 33.7%, marking the 12th consecutive quarter of year-over-year merchandise margin improvement. Same store retail fuel margin for the quarter increased 4.6 cents per gallon to 48.8 cents per gallon from 44.2 cents per gallon, and same store fuel contribution increased 2.7%. For the third quarter, merchandise contribution decreased by $9.5 million, or 7.2%, primarily due to a $10.3 million decrease related to retail stores closed or converted to dealer locations. Site operating expenses decreased by $12.5 million, or 7.3%, mainly due to $19.4 million of reduced expenses from store closures or conversions, partially offset by a $6.0 million increase in same store operating expenses. ARKO converted 17 retail stores to dealer locations during the quarter, bringing total conversions to 488 since 2024, and has approximately 55 additional sites committed under letter of intent, under contract, or already converted since quarter end. In 2026, ARKO expects to complete more than 25 store remodels, with 11 completed to date, and opened three new-to-industry (NTI) retail stores in the first nine months, with plans to open four NTI Dunkin’ stores by early 2027. In the wholesale segment, fuel contribution at fuel supply locations was $15,279,000 for the quarter, and at consignment agent locations was $11,441,000. In fleet fueling, fuel contribution at proprietary cardlock locations was $16,837,000 for the quarter, and at third-party cardlock locations was $776,000. ARKO Petroleum Corp. (NASDAQ:APC), a subsidiary, entered into an asset purchase agreement on August 4, 2026, to acquire the business of U.S. Petroleum Partners, LLC (USPP), a transaction expected to add approximately 280 million gallons of annual fuel volume, representing a 14% increase to APC’s trailing 12-month fuel volume, and to contribute approximately $30 million of annualized Adjusted EBITDA. The consideration at closing will be $205 million in cash plus the value of inventory, and $30 million in APC Class A common stock to be held in escrow and released upon achieving certain EBITDA-based targets. The transaction is expected to close in the fourth quarter of fiscal year 2026.

ARKO Corp. Reports First Quarter 2026 Results

ARKO Corp. (NASDAQ: ARKO) reported its financial results for the first quarter ended March 31, 2026, showing a net loss of $5.6 million compared to a net loss of $12.7 million in the prior year period. Adjusted EBITDA increased 65.1% to $50.9 million, and the company completed the APC IPO, raising approximately $206.8 million in net proceeds. ARKO converted 41 retail stores to dealer locations in the quarter, bringing total conversions since 2024 to 450 sites, and expects to complete more by the end of 2026. The company declared a quarterly dividend of $0.03 per share to be paid on May 29, 2026, and maintained its full year 2026 Adjusted EBITDA guidance of $245 million to $265 million.