$APC

ARKO Petroleum Corp.

CIK:0002080921|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Total revenues	$ 1,838,588	$ 1,443,384	$ 3,182,953	$ 2,790,710
Operating expenses:
Fuel costs	1,054,762	776,847	1,821,904	1,497,058
Fuel costs - related party	704,550	592,799	1,208,069	1,156,632
Site operating expenses, including allocated expenses	28,786	25,389	55,714	47,406
General and administrative expenses, including allocated expenses	11,764	10,392	22,578	21,140
Depreciation and amortization, including allocated expenses	14,716	13,301	29,503	26,804
Total operating expenses	1,814,578	1,418,728	3,137,768	2,749,040
Other expenses, net	489	882	1,552	2,077
Operating income	23,521	23,774	43,633	39,593
Interest and other financial income, including allocated income	261	87	470	225
Interest and other financial expenses, including allocated expenses	(7,435)	(10,443)	(16,671)	(20,193)
Income before income taxes	16,347	13,418	27,432	19,625
Income tax expense	(4,111)	(3,390)	(7,114)	(5,064)
Net income	$ 12,236	$ 10,028	$ 20,318	$ 14,561
Net income per share - Basic	$ 0.26	$ 0.29	$ 0.46	$ 0.42
Net income per share - Diluted	$ 0.26	$ 0.29	$ 0.46	$ 0.42
Weighted average shares outstanding:
Basic	47,570	35,000	44,373	35,000
Diluted	47,604	35,000	44,390	35,000
Fuel Revenue [Member]
Revenues:
Total revenues	$ 1,098,919	$ 820,871	$ 1,906,517	$ 1,577,669
Supplemental information:
Includes excise tax of:	141,210	152,315	282,260	290,633
Fuel revenue related party [Member]
Revenues:
Total revenues	716,008	604,065	1,230,492	1,178,481
Supplemental information:
Includes excise tax of:	101,775	122,347	201,343	237,735
Other revenues, net [Member]
Revenues:
Total revenues	20,291	15,229	39,393	28,186
Other revenues, net - related party [Member]
Revenues:
Total revenues	$ 3,370	$ 3,219	$ 6,551	$ 6,374

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 20,318	$ 14,561
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	29,503	26,804
Deferred income taxes	2,478	(2,024)
Loss on disposal of assets and impairment charges, net	826	2,292
Amortization of deferred financing costs	1,142	741
Amortization of deferred income	(4,853)	(4,508)
Amortization of prepaid to related party	1,503	2,115
Accretion of asset retirement obligation	642	531
Non-cash rent	441	1,472
Charges to allowance for credit losses	621	544
Share-based compensation	1,394	502
Fair value adjustment of financial assets and liabilities	54	171
Other operating activities, net	0	(212)
Changes in assets and liabilities:
Increase in trade receivables	(61,837)	(16,454)
(Increase) decrease in inventory	(6,852)	1,508
Increase in other assets	(11,459)	(4,193)
Increase in related party assets	(7,376)	(3,581)
Increase (decrease) in accounts payable	32,729	(328)
Increase in other current liabilities	12,211	6,853
Decrease in asset retirement obligation	(257)	(292)
Increase in non-current liabilities	5,758	11,648
Net cash provided by operating activities	16,986	38,150
Cash flows from investing activities:
Purchase of property and equipment	(14,632)	(13,438)
Proceeds From ARKO Parent for Conversion Of ARKO Retail Sites To Dealer Locations Net	3,456	0
Proceeds from sale of property and equipment	1,412	820
Net cash used in investing activities	(9,764)	(12,618)
Cash flows from financing activities:
Receipt of long-term debt	0	4,871
Repayment of long-term debt	(209,974)	(1,596)
Repayment of related-party debt	(330)	0
Principal payments on financing leases	(1,036)	(542)
Proceeds from issuance of Class A shares in IPO, net of underwriting discounts and commissions	210,426	0
Payment of IPO costs	(2,163)	0
Dividends paid on common stock	(12,368)	0
Pre-IPO net transfers from (to) ARKO Parent	7,230	(39,365)
Net cash used in financing activities	(8,215)	(36,632)
Net decrease in cash and cash equivalents and restricted cash	(993)	(11,100)
Cash and cash equivalents and restricted cash, beginning of period	15,556	25,341
Cash and cash equivalents and restricted cash, end of period	14,563	14,241
Reconciliation of cash and cash equivalents and restricted cash
Cash and cash equivalents, beginning of period	15,556	25,086
Restricted cash, beginning of period	0	255
Cash and cash equivalents, end of period	14,563	14,241
Restricted cash, end of period	0	0
Cash and cash equivalents and restricted cash, end of period	14,563	14,241
Supplementary cash flow information:
Cash received for interest	470	225
Cash paid for interest and allocated interest	14,899	18,761
Cash paid for taxes, net of refunds	4,450	7,087
Supplementary noncash activities:
ARKO Parent's pre-IPO net investment for ARKO Parent-controlled sites conversion to dealer locations	(1,687)	(1,691)
Prepaid insurance premiums financed through notes payable	613	0
Purchases of equipment in accounts payable and accrued expenses	3,837	0
Purchase of property and equipment under leases	23,721	8,507
Disposals of leases of property and equipment	$ 1,757	$ 3,458

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 14,563	$ 15,556
Trade receivables, net	142,048	80,832
Inventory	29,945	23,093
Other current assets	57,214	43,054
Total current assets	243,770	162,535
Non-current assets:
Property and equipment, net	267,263	262,743
Right-of-use assets under operating leases	446,970	415,179
Right-of-use assets under financing leases, net	62,847	62,739
Goodwill	76,687	76,687
Intangible assets, net	143,917	154,326
Deferred tax asset	72,335	70,934
Other non-current assets	71,548	68,331
Total assets	1,385,337	1,273,474
Current liabilities:
Long-term debt, current portion	1,306	6,783
Accounts payable	108,813	75,224
Other current liabilities	64,881	53,586
Operating leases, current portion	29,543	27,820
Financing leases, current portion	2,346	2,095
Total current liabilities	206,889	165,508
Non-current liabilities:
Long-term debt, net	183,404	385,247
Asset retirement obligation	50,468	47,571
Operating leases	470,301	431,364
Financing leases	96,499	94,638
Other non-current liabilities	119,999	113,031
Total liabilities	1,127,560	1,237,359
Commitments and contingencies - see Note 11
Stockholders' equity / total net investment:
ARKO Parent's net investment	0	36,115
Additional paid-in capital	245,540	0
Retained earnings	12,236	0
Total net investment	0	36,115
Total stockholders' equity	257,777	0
Total liabilities and stockholders' equity / total net investment	1,385,337	1,273,474
Class A Common Stock [Member]
Stockholders' equity / total net investment:
Common stock	1	0
Class B Common Stock [Member]
Stockholders' equity / total net investment:
Common stock	0	0
Common Stock [Member]
Stockholders' equity / total net investment:
Common stock	$ 0	$ 0