APC ARKO Petroleum Corp.
Price Chart
Executive Summary
APC reported Q1 2026 net income of $8.1M, up from $4.5M a year ago, with Adjusted EBITDA rising to $36.4M from $30.9M. Total revenue was essentially flat at $1.344B vs $1.347B, but operating income grew 27% to $20.1M. The company maintained its full-year 2026 guidance for Adjusted EBITDA of ~$156M and Discretionary Cash Flow of ~$110M, and declared a quarterly dividend of $0.26/share, consistent with an expected annual rate of $2.00/share.
Actionable Insight
APC delivered strong earnings growth in its first quarter as a public company, with all segments contributing to higher operating income. The maintained guidance and high dividend yield (10-11%) provide a floor. Monitor the pace of dealer conversions and NTI fleet fueling openings for upside to guidance. The stock should trade well on this beat.
Key Facts
- Net income increased to $8.1M in Q1 2026 from $4.5M in Q1 2025, a 78% YoY increase.
- Adjusted EBITDA rose 17.7% to $36.4M from $30.9M YoY.
- Total revenue was essentially flat at $1.344B vs $1.347B YoY.
- Operating income grew 27% to $20.1M from $15.8M YoY, with all three segments (Wholesale, Fleet Fueling, GPMP) showing growth.
- Full-year 2026 guidance maintained: Adjusted EBITDA ~$156M and Discretionary Cash Flow ~$110M.
- Quarterly dividend of $0.26/share declared, consistent with expected annual rate of $2.00/share (10-11% yield at $18.50-$19.50).
- Net Debt reduced to $313.5M from $526.6M at year-end 2025, with leverage ratio (Net Debt/Adjusted EBITDA) at 2.1x.
- IPO proceeds of $206.7M used to repay debt, strengthening balance sheet.
Financial Impact
Net income +78% YoY to $8.1M; Adjusted EBITDA +17.7% to $36.4M; operating income +27% to $20.1M
Risk Factors
- Revenue was flat YoY, indicating volume pressure in fuel distribution.
- Operating cash flow declined to $6.6M from $14.9M YoY due to working capital build.
- Dependence on ARKO Corp. for a significant portion of fuel supply (related-party transactions).
- Fuel margin volatility due to geopolitical and macroeconomic factors.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-215661 |
| Document: apc-20260511.htm | 0001193125-26-215661 |
| Document: 0001193125-26-215661-index-headers.html | 0001193125-26-215661 |
| Document: 0001193125-26-215661-index.html | 0001193125-26-215661 |
| Document: 0001193125-26-215661.txt | 0001193125-26-215661 |
| 8-K Data (Synthetic) | 0001193125-26-215661 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 13, 2026
11d ago
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3
| $20.96 $20.94 | ▼ −0.10% | ▲ +1.06% | $20.72 (−1.15%) |
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May 13, 2026
11d ago
|
3
| $20.96 $20.94 | ▼ −0.10% | ▲ +1.06% | $20.72 (−1.15%) |
|
May 11, 2026
12d ago
|
8-K
| $20.09 $20.88 | ▲ +3.93% | ▲ +4.02% | $20.72 (+3.14%) |
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May 11, 2026
12d ago
|
Press Release
| $20.09 $20.88 | ▲ +3.93% | ▲ +4.02% | $20.72 (+3.14%) |
|
May 7, 2026
16d ago
|
8-K
| $19.05 $20.96 | ▲ +10.03% | ▲ +8.52% | $20.72 (+8.77%) |
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Apr 27, 2026
26d ago
|
Press Release
| $18.11 $18.88 | ▲ +4.25% | ▲ +3.85% | $20.72 (+14.41%) |
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Mar 30, 2026
7w ago
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Press Release
| $17.64 $18.16 | ▲ +2.91% | ▼ −1.04% | $20.72 (+17.45%) |
|
Feb 25, 2026
12w ago
|
8-K
| $18.42 $18.96 | ▲ +2.94% | ▲ +4.04% | $20.72 (+12.48%) |
US Market Status
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