The stock may react positively to the strong EBITDA results, margin expansion, and deleveraging from the IPO. Monitor the execution of the store conversion strategy and the 2026 guidance for continued margin and EBITDA growth.
Price Chart
Executive Summary
ARKO Corp. reported improved full-year 2025 results with net income up 9.1% and Adjusted EBITDA above guidance, driven by higher fuel and merchandise margins. The company completed a $184 million IPO for its ARKO Petroleum subsidiary, reducing debt, and is transforming its retail model by converting stores to dealer locations. It expects 2026 Adjusted EBITDA of $245-265 million.
Key Financial Metrics
Key Facts
- Net income increased 9.1% to $22.7 million in 2025, reversing a prior-year loss.
- Adjusted EBITDA was $248.7 million, above the midpoint of its $233-$253 million guidance.
- Retail fuel margin rose 8.1% to 42.8 cents per gallon, and merchandise margin increased 2.7% to 33.7%.
- Completed a $184 million IPO for subsidiary ARKO Petroleum Corp. (APC), using proceeds to reduce debt.
- Converted 256 retail stores to dealer locations in 2025, with a goal of $20 million in annual operating income benefits.
- Guided for 2026 Adjusted EBITDA of $245-$265 million, with retail fuel margin of 41.5-43.5 cents per gallon.
Financial Impact
Adjusted EBITDA of $248.7 million was above guidance and prior year; $184 million from IPO used to reduce debt.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Retail | $4.4B | -18.0% |
| Wholesale | $2.8B | -2.7% |
| Fleet Fueling | $483.8M | -7.7% |
Risk Factors
- Revenue declined 12.5% YoY to $7.64 billion, primarily due to the conversion of 256 retail stores to dealer locations.
- The company did not provide 2026 net income guidance due to uncertainty in depreciation and amortization costs.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-071518 |
| Document: apc-20260225.htm | 0001193125-26-071518 |
| Document: 0001193125-26-071518-index-headers.html | 0001193125-26-071518 |
| Document: 0001193125-26-071518-index.html | 0001193125-26-071518 |
| Document: 0001193125-26-071518.txt | 0001193125-26-071518 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 12, 2026 23w ago | 3 | $20.96 $19.44 | ▼ −7.25% | ▼ −11.69% | $16.03 (−23.50%) |
May 12, 2026 23w ago | 3 | $20.96 $19.44 | ▼ −7.25% | ▼ −11.69% | $16.03 (−23.50%) |
May 11, 2026 24w ago | 8-K | $20.09 $19.84 | ▼ −1.24% | ▼ −5.64% | $16.03 (−20.18%) |
May 11, 2026 24w ago | Press Release | $20.09 $19.84 | ▼ −1.24% | ▼ −5.64% | $16.03 (−20.18%) |
May 7, 2026 24w ago | 8-K | $19.05 $20.08 | ▲ +5.41% | ▲ +1.57% | $16.03 (−15.83%) |
Apr 27, 2026 26w ago | Press Release | $18.11 $20.71 | ▲ +14.36% | ▲ +9.58% | $16.03 (−11.46%) |
Mar 30, 2026 30w ago | Press Release | $17.64 $18.59 | ▲ +5.37% | ▼ −7.01% | $16.03 (−9.11%) |
Feb 25, 2026 34w ago | 8-K | $18.86 $20.72 | ▲ +9.86% | ▲ +1.69% | $16.03 (−14.98%) |
US Market Status
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