ARKO Corp. Reports Q1 2026 Financial Results with $1.77 Billion in Revenue

ARKO Corp. reported its financial results for the first quarter of 2026, revealing total revenues of $1.77 billion, a decrease of 3.1% from $1.83 billion in the same period last year. The decline was primarily driven by a 13.8% drop in merchandise revenue, which fell to $305.4 million from $354.5 million, and a slight decrease in fuel revenue, which decreased to $1.43 billion from $1.45 billion. The company recorded an operating income of $10.0 million, a significant improvement from an operating loss of $11.8 million in the prior year, attributed to lower operating expenses and improved fuel contribution.

In terms of operational metrics, ARKO's fuel gallons sold decreased to 464.9 million from 490.3 million, reflecting challenges in the macroeconomic environment and severe weather conditions. The company also reported a net loss of $5.6 million, compared to a net loss of $12.7 million in the previous year. The loss attributable to common shareholders was $8.1 million, or $0.07 per share, an improvement from a loss of $14.1 million, or $0.12 per share, in the first quarter of 2025.

Strategically, ARKO has been active in its transformation plan, converting retail stores to dealer locations, which has yielded higher profitability. In the first quarter of 2026, the company converted 41 retail stores, bringing the total to 450 since the initiative began. The company also launched its updated fas REWARDS loyalty program, which now has approximately 2.5 million enrolled members, a 6.8% increase year-over-year. Additionally, ARKO completed the initial public offering (IPO) of its subsidiary, ARKO Petroleum Corp., in February 2026, raising approximately $206.8 million, which was used to reduce debt.

As of March 31, 2026, ARKO's liquidity position was strong, with approximately $1.1 billion available, including $272 million in cash and cash equivalents and $794 million in credit facilities. The company plans to continue focusing on remodeling stores, expanding its fleet fueling locations, and pursuing strategic acquisitions. Looking ahead, ARKO anticipates that ongoing geopolitical tensions and inflationary pressures may impact its operations, but it remains committed to executing its transformation plan and enhancing profitability across its segments.