ARKO Petroleum (APC) Investor presentation summary

Business overview and scale

• Operates 3,489 sites across more than 30 states, distributing nearly 2 billion gallons annually, making it one of the largest wholesale fuel distributors in North America.

• Segments include Wholesale, Fleet Fueling, and GPMP, each contributing significant fuel volumes and revenue.

• Achieved ~11% annual growth in gallons sold and ~14% expansion in annual fuel margin per gallon since 2020.

Financial performance and guidance

• FY 2026 guidance projects Adjusted EBITDA of $156M, Discretionary Cash Flow of $110M, and $2.00/share in annualized dividends.

• Q2 2026 Adjusted EBITDA was $39.8M, up 4% year-over-year, with Discretionary Cash Flow up 12%.

• Net leverage stands at 2.2x, with $724M in available liquidity as of June 30, 2026.

Growth strategy and investment highlights

• Focuses on long-term, fee-based contracts, with ~85% of gallons distributed under cost-plus agreements, supporting cash flow stability.

• Maintains a robust organic and inorganic growth outlook, targeting mid-single digit annual growth in total gallons distributed.

• Strong track record of accretive acquisitions and disciplined financial policy, with low leverage and high cash flow conversion.