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ARKO Petroleum (APC) investor relations material
ARKO Petroleum Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved a pivotal year with transformation initiatives, including dealerization, remodels, and the IPO of ARKO Petroleum Corp. (APC), resulting in a stronger, more focused business structure.
Adjusted EBITDA grew 16% year-over-year to $66 million in Q4, with improved merchandising margins and reduced operating expenses.
Net income for Q4 2025 was $1.9 million, reversing a $2.3 million loss from the prior year; full-year net income rose 9.1% to $22.7 million.
Dealerization and loyalty programs drove cost reductions, improved cash flow, and increased customer engagement.
Completed IPO of subsidiary ARKO Petroleum Corp. (APC) in February 2026, raising $184 million to reduce debt.
Financial highlights
Q4 2025 net income was $1.9 million, reversing a $2.3 million loss from the prior year.
Adjusted EBITDA for Q4 was $65.7 million, up from $56.8 million in Q4 2024.
Full year 2025 adjusted EBITDA was $248.7 million, flat year-over-year.
Retail merchandising margin expanded 140 basis points in Q4 to 34.4%.
Q4 site operating expenses decreased $29.5 million year-over-year; full-year site operating expenses down $105.5 million.
Outlook and guidance
2026 adjusted EBITDA expected between $245 million and $265 million.
Retail fuel margin guidance: $0.415–$0.435 per gallon.
Same-store retail sales expected to be relatively flat but improve several hundred basis points over 2025.
APC business projected to deliver ~$156 million in adjusted EBITDA in 2026.
Targeting 20 new NTI cardlock locations and 25 remodels in 2026.
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