Revenue: As of FY2026 Q2, the actual value is USD 1.839 B, beating the estimate of USD 1.499 B.

EPS: As of FY2026 Q2, the actual value is USD 0.26, missing the estimate of USD 0.3244.

EBIT: As of FY2026 Q2, the actual value is USD 23.78 M.

Second Quarter 2026 Financial Highlights (vs. Year-Ago Period)

• Net income increased to $12.2 million compared to $10.0 million.
• Adjusted EBITDA increased to $39.8 million compared to $38.3 million.
• Net cash provided by operating activities was $10.4 million compared to $23.2 million.
• Discretionary Cash Flow was $27.1 million compared to $24.2 million.
• Total debt, net was $184.7 million as of June 30, 2026.
• Net Debt was $324.2 million as of June 30, 2026.

Strategic Acquisition

ARKO Petroleum Corp. announced an agreement to acquire U.S. Petroleum Partners, LLC (USPP), a vertically integrated fuel supply and distribution platform. This acquisition is expected to increase annual fuel volumes by approximately 280 million gallons (14% on a trailing twelve-months basis) and add approximately $30 million of annual Adjusted EBITDA. The consideration at closing will include approximately $205 million in cash plus inventory cost, and $30 million in ARKO Petroleum Corp. Class A common stock held in escrow subject to EBITDA targets.

Other Key Operational Highlights

• ARKO Retail Sites Conversion: 21 ARKO retail convenience stores were converted to dealer locations in the second quarter of 2026, bringing total conversions to 471 sites since 2024. An additional 70 sites are committed for conversion throughout 2026 and into 2027.
• Fleet Fueling Expansion: ARKO Petroleum Corp. is targeting opening 20 new fleet fueling locations in 2026, with one opened in March 2026, two in July 2026, and 17 currently in process.
• Quarterly Dividend: The Board of Directors declared a quarterly dividend of $0.50 per share of common stock, consistent with an expected annual dividend rate of $2.00 per share.

Wholesale Segment (Q2 2026 vs Q2 2025)

• Wholesale operating income increased by $1.6 million.
• Fuel contribution increased by $0.9 million, with fuel contribution at fuel supply locations increasing by $2.0 million.
• Fuel margin per gallon at fuel supply locations increased by 1.3 cents per gallon.
• Fuel contribution at consignment agent locations decreased by $1.1 million, and fuel margin per gallon decreased by 1.5 cents per gallon.
• Other revenues, net increased by $4.5 million, and site operating expenses increased by $4.2 million.

Fleet Fueling Segment (Q2 2026 vs Q2 2025)

• Fuel contribution decreased by $0.7 million.
• Fuel contribution at proprietary cardlock locations decreased by $0.3 million, and fuel margin per gallon also decreased.
• Fuel contribution at third-party cardlock locations decreased by $0.4 million, and fuel margin per gallon decreased.

GPMP Segment (Q2 2026 vs Q2 2025)

• Fuel revenue – related party increased by $111.9 million, or 18.5%.
• Fuel gallons sold – related party locations decreased by 33.9 million, or 15.1%.
• Fuel contribution – related party increased by $0.2 million, primarily due to an increase in fixed margin from 5.0 cents per gallon sold in Q2 2025 to 6.0 cents per gallon sold in Q2 2026.

Liquidity and Capital Expenditures (as of June 30, 2026)

• Total liquidity was approximately $724 million, consisting of approximately $15 million in cash and cash equivalents and approximately $709 million in availability under lines of credit.
• Total debt, net was approximately $184.7 million, resulting in Net Debt of approximately $324.2 million.
• Maintenance capital expenditures for the quarter were $2.7 million, and growth capital expenditures were $7.1 million.

Full Year 2026 Guidance

ARKO Petroleum Corp. reaffirms its full-year 2026 guidance, expecting Adjusted EBITDA to be approximately $156 million and Discretionary Cash Flow to be approximately $110 million.