ARKO Corp. Reports Q2 2026 Revenue of $2.35 Billion, Net Income Declines

ARKO Corp. reported its financial results for the second quarter and first half of 2026, revealing a total revenue of $2.35 billion for the three months ending June 30, 2026, a 17.4% increase from $2.00 billion in the same period of 2025. Fuel revenue was a significant contributor, rising to $1.97 billion, up 25.3% from $1.57 billion year-over-year. However, merchandise revenue declined by 13.2% to $347.4 million, attributed to store closures and conversions to dealer locations. The company reported a net income of $9.4 million for the quarter, down from $20.1 million in the prior year, with net income attributable to common stockholders at $4.7 million, compared to $18.7 million in Q2 2025.

In the first half of 2026, ARKO's total revenue reached $4.12 billion, a 7.6% increase from $3.83 billion in the first half of 2025. Fuel revenue increased by 12.7% to $3.40 billion, while merchandise revenue fell by 13.5% to $652.8 million. The company reported a net loss attributable to common stockholders of $3.4 million for the six months ended June 30, 2026, compared to a profit of $4.6 million in the same period of 2025. The decline in profitability was influenced by increased operating expenses, which rose to $4.07 billion, primarily driven by higher fuel costs.

Strategically, ARKO has been active in its transformation plan, converting retail stores to dealer locations, with 62 conversions completed in the first half of 2026. This initiative is expected to enhance profitability through improved fuel supply agreements and rental income. The company also launched its fas REWARDS loyalty program, which has grown to approximately 2.6 million members, reflecting a 9.9% increase year-over-year. Additionally, ARKO's subsidiary, ARKO Petroleum Corp. (APC), completed an initial public offering in February 2026, raising approximately $206.8 million, which was used to reduce debt.

Operationally, ARKO operated 1,057 retail convenience stores and supplied fuel to 2,129 dealer locations as of June 30, 2026. The company reported a total of 290 cardlock locations and a significant geographic presence across more than 30 states. The total employee headcount was not disclosed, but the company noted that it continues to face challenges related to labor costs and recruitment. Looking ahead, ARKO anticipates continued growth through its transformation initiatives and strategic acquisitions, while remaining vigilant to market conditions that could impact fuel prices and consumer demand.