ARKO reported a net loss of $5.6 million for Q1 2026, compared to a $12.7 million loss a year earlier. Adjusted EBITDA surged 65.1% to $50.9 million, driven by a 0.4% rise in same-store merchandise sales excluding cigarettes and a merchandise margin increase to 33.9%, while retail fuel margins climbed to $0.48 per gallon, lifting same-store fuel contribution by 20.1%.

The company’s subsidiary, ARKO Petroleum Corp., completed an IPO that generated net proceeds of $206.8 million. ARKO retains 73.6% economic interest in the subsidiary, implying a $650 million value for its stake, and applied $206.7 million of the proceeds to pay down debt, enhancing its financial flexibility.

ARKO converted 41 retail stores to dealer locations during Q1, bringing total conversions since 2024 to 450, with 75 additional sites committed and full execution expected by end-2026. This channel optimization is projected to deliver over $20 million in annual operating income before G&A savings, plus $10 million in expected cumulative G&A expense reductions. The company also opened two new-to-industry retail stores and one cardlock, targeting 20 cardlock openings, three Dunkin’ outlets, and roughly 25 remodels in 2026.

The board declared a quarterly dividend of $0.03 per share, payable May 29 to shareholders of record on May 18. ARKO relaunched its loyalty app on a new technology platform and is advancing customer engagement programs including Fueling America’s Future, fas REWARDS, a $10 enrollment campaign, and the 100 Days of Summer initiative.