ARKO Petroleum Subsidiary Plans 10.5M-Share IPO at $18–$20 Range
ARKO Petroleum Corp. launched a roadshow for a 10.5 million-share IPO (plus 1.575 million-share option) priced at $18–$20 per share for Nasdaq listing. ARKO expects Q4 net income of –$1.8 million to $0.4 million with Adjusted EBITDA of $63.1–$66.1 million and full-year net income of $19.1–$21.3 million with Adjusted EBITDA $246–$249 million.
1. ARKO Expands fas craves Food Concept with New Handy Mart Store
ARKO Corp. has opened its second New-to-Industry Handy Mart featuring the fas craves food concept at 10320 Cleveland Road in Garner, North Carolina. This marks ARKO’s fifth fas craves location and reinforces its strategy to drive higher-margin food service sales across its 3,500-plus convenience store footprint. The new store offers an expanded menu of hot and cold grab-and-go items—ranging from breakfast sandwiches and jumbo wings to Nathan’s Hot Dogs and pub burgers—alongside trending beverages such as nitro cold brew, dirty soda and Frazil Slush. ARKO expects the enhanced food service offerings and modern store layout, complete with digital menu boards and streamlined shopping flow, to boost average ticket sizes by an estimated 10% and improve customer frequency in the Garner market.
2. ARKO Petroleum Corp. Launches IPO Roadshow to Raise Approximately $200 Million
ARKO’s wholly owned subsidiary, ARKO Petroleum Corp. (APC), has launched a roadshow for an initial public offering of 10.5 million Class A shares, with a 30-day underwriter option for an additional 1.575 million shares. The IPO is designed to raise approximately $200 million in gross proceeds, which APC plans to deploy toward debt reduction and growth capital for its wholesale fuel distribution network spanning more than 30 states. UBS Investment Bank, Raymond James and Stifel are lead book-running managers, complemented by Mizuho and Capital One Securities. APC has filed a Form S-1 with the SEC and applied for listing on Nasdaq under the symbol “APC.”
3. Preliminary Q4 and Full Year 2025 Results Highlight Earnings Recovery
ARKO reported preliminary, unaudited fourth quarter 2025 net income between a $1.8 million loss and $0.4 million profit, with Adjusted EBITDA ranging from $63.1 million to $66.1 million. For the full year, net income is estimated between $19.1 million and $21.3 million, and Adjusted EBITDA between $246.0 million and $249.0 million. These results reflect a sequential improvement in margin recovery after supply-chain pressures eased and successful integration of recent acquisitions. The company plans to release audited results later this quarter and will provide guidance for 2026, underpinned by its dealer conversion strategy, continued fas craves rollout and the new APC capital structure upon completion of the IPO.