ARKO Petroleum (APC) Q2 2026 earnings summary

Executive summary

• Reported strong Q2 2026 results with net income of $12.2 million and Adjusted EBITDA of $39.8 million, reflecting continued momentum and execution across the platform.

• Completed IPO in February 2026, raising $206.8 million in net proceeds and listing Class A shares on Nasdaq; ARKO Parent retains 73.6% economic interest and 93.3% voting power via Class B shares.

• Announced agreement to acquire U.S. Petroleum Partners (USPP), expected to add 280 million gallons in annual wholesale fuel volume, two fuel storage terminals, and $30 million in annual Adjusted EBITDA.

• Acquisition aligns with growth strategy, is expected to be accretive, and will expand scale and infrastructure capabilities.

• Business model emphasizes cost efficiency, scalable operations, and consistent cash dividends to shareholders.

Financial highlights

• Q2 2026 revenue rose 27.4% year-over-year to $1.84 billion; six-month revenue up 14.1% to $3.18 billion.

• Net income for Q2 2026 was $12.2 million, up from $10 million year-over-year; Adjusted EBITDA grew to $39.8 million.

• Discretionary Cash Flow for the six months ended June 30, 2026 was $52.1 million, up from $41.3 million year-over-year.

• Declared a quarterly dividend of $0.50 per share, maintaining an annual target of $2 per share.

• Maintenance capital expenditures for the six months ended June 30, 2026 were $5.2 million; growth capital expenditures were $7.1 million.

Outlook and guidance

• Maintaining full-year 2026 guidance: Adjusted EBITDA of ~$156 million and Discretionary Cash Flow of ~$110 million.

• Targeting 20 new fleet fueling locations in 2026, with three opened by July and 17 in process.

• USPP acquisition expected to close later in 2026 and contribute in line with guidance assumptions.

• Expects continued conversion of ARKO Retail Sites to dealer locations, enhancing profit and rental income.

• Intends to pay a regular quarterly dividend of $0.50 per share, or $2.00 annualized, subject to Board discretion.