ARKO Petroleum Corp. Class A earnings date
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ARKO Petroleum Corp. Class A (APC) Q3 2026 Earnings Report
APC Q3 2026 EPS Results
- Actual EPS
- $0.28
- Consensus EPS
- $0.29
- Beat/Miss
- Missed by -$0.01
- One Year Ago EPS
- $0.23
APC Q3 2026 Revenue Results
- Actual Revenue
- $1.89B
- Expected Revenue
- $1.61B
- Beat/Miss
- Beat by +$275.97M
- YoY Revenue Growth
- ―
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- After Close
- Conference Call
- Wednesday, November 4, 2026
ARKO Petroleum Corp. Class A's next earnings date is estimated for April 5, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was broadly positive: APC reported year-over-year growth in Adjusted EBITDA, discretionary cash flow, net income, fuel contribution, and segment operating income; raised full-year Adjusted EBITDA guidance; maintained its dividend; and continued advancing the strategically important USPP acquisition. These positives were partly offset by lower fuel volumes, consumer demand pressure from elevated prices, lower operating cash flow, and working-capital pressure. The transcript also contained inconsistent guidance ranges in the CEO and CFO remarks.
Management raised full year 2026 Adjusted EBITDA guidance, with Arie Kotler stating a range of $156 million to $150 million and Jordan Mann stating a range of $156 million to $157 million; Kotler also said USPP would deliver approximately $5 million in Q4 and that APC could achieve $156 million plus. The USPP acquisition is expected to close during the fourth quarter of fiscal year 26 and contribute approximately $30 million of annualized Adjusted EBITDA, approximately 280 million gallons of annual fuel volumes across approximately 400 dealer locations, and increase APC's trailing 12 months volume by approximately 14%. APC is targeting 20 cardlogs a year, has opened 7 already this year, has another 6 in the works and 23 in different types of approval and development, with a cost of probably no more than $2 million to build a cardlock and targeting mid- to high-teen return; the 2026 dividend target is $2.00 per share annualized, or $0.50 per share quarterly.
- Strong Third-Quarter Earnings GrowthAdjusted EBITDA was $41 million, up 9.4% year over year from $37.4 million, while discretionary cash flow was $32.3 million, an increase of approximately 22%. Net income increased to $13.3 million from $10.1 million in the prior-year period.
- Resilient Performance Despite Fuel Price VolatilityRegular gasoline ended the quarter at approximately $4.31 per gallon, about $1.32 above the prior year, while diesel prices surpassed $6.50 in September. Management said stronger fuel margins and other revenues, including rental income from dealers, more than offset lower volume.
- Wholesale Segment Margin ExpansionWholesale operating income increased 7% to $25.8 million. Wholesale fuel contribution increased 6.6% to $26.7 million despite a 4.3% decline in gallons, as blended fuel margin increased to $0.107 per gallon from $0.096 per gallon.
- Fleet Fueling Profit GrowthFleet Fueling operating income increased 8.9% to $13.3 million. Fleet Fueling fuel contribution increased 5.2% to $17.6 million, while blended fuel margin increased approximately 6.2%, or $0.028 per gallon, to $0.486.
- Stable Fleet Demand and Higher ContributionApproximately 80% of fleet fueling volume is diesel, and management said demand remained relatively stable even with diesel prices at record levels. Fleet fueling fuel contribution increased approximately 5%.
- Progress on USPP AcquisitionAPC continues to work toward closing its agreement to acquire U.S. Petroleum Partners, or USPP, with closing expected during the fourth quarter of fiscal year 2026. USPP is expected to add approximately 280 million gallons of annual fuel volume across approximately 400 dealer locations, increasing APC's trailing-twelve-month volume as of September 30, 2026 by approximately 14%.
- Expected USPP Earnings and Vertical Integration BenefitsUSPP is expected to contribute approximately $30 million of annualized Adjusted EBITDA with strong conversion to discretionary cash flow. The acquisition would add terminals in Novi, Michigan and Toledo, Iowa, plus a transportation fleet that delivers more than 80% of its distributed volume, expanding APC's position across the fuel value chain.
- Cardlock Network ExpansionAPC added 7 cardlock locations during the year and is targeting approximately 20 cardlocks per year. Management said it has another 6 in the works and 23 locations in different stages of approval and development, while an earlier update cited 16 sites in various stages of planning and development.
- Attractive Cardlock Returns and Low Build CostManagement is targeting mid- to high-teen returns on cardlock sites with low capital investment per site. The cost to build a cardlock was described as no more than $2 million, and management said costs remained within that range and may be slightly lower.
- Dividend MaintainedThe board declared a quarterly dividend of $0.50 per share, consistent with the $2.00 per share annualized target for 2026 announced at the time of the IPO.
- Raised Full-Year Adjusted EBITDA GuidanceManagement raised full-year 2026 Adjusted EBITDA guidance. The CFO stated a range of $156 million to $157 million, while the CEO separately stated a range of $156 million to $150 million during the prepared remarks.
- Strong Liquidity and Leverage PositionAs of September 30, availability under APC's lines of credit was approximately $705 million. Net debt was $338 million, the ratio of net debt to Adjusted EBITDA was 2.2 times, and total debt net was $189 million with total debt net at 4.5 times as stated on the call.
- Disciplined Capital AllocationManagement said most capital is being targeted toward acquisitions, particularly USPP, while describing the business as very low CapEx. APC remains focused on converting earnings to cash, maintaining leverage within its target range, supporting its dividend, and allocating capital to the highest-return opportunities.
- GPMP Fuel Contribution IncreasedGPMP fuel contribution from related-party ARKO retail locations was $11.5 million, compared with $11.2 million in the prior-year period.
- Active M&A EnvironmentManagement said the M&A market remains very active and has not changed materially from the prior quarter. APC continues to see opportunities to expand scale, deepen supplier relationships, increase vertical integration, and pursue multiple paths to earnings growth.
APC Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Apr 05, 2027 | 2026 (Q4) | 0.24- | 0.2 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | 0.290.28 | 0.23 | 24.44% (+0.06) | |
| Aug 06, 2026 | 2026 (Q2) | 0.330.26 | 0.21 | 23.22% (+0.05) | |
| May 11, 2026 | 2026 (Q1) | 0.170.20 | 0.1 | 110.53% (+0.10) | |
| Mar 30, 2026 | 2025 (Q4) | 0.230.23 | 0.16 | 45.57% (+0.07) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
