SubsidiaryMay 7, 2026, 07:07 AM
ARKO Subsidiary APC IPO Raises $206.8M; Q1 Loss Reduced
AI Summary
ARKO Corp. reported a reduced net loss for Q1 2026, improving to $(6.6) million from $(12.7) million year-over-year, with diluted EPS improving to $(0.07) from $(0.12). This quarter also saw the completion of the ARKO Petroleum Corp. (APC) IPO, which raised approximately $206.8 million in net proceeds. The proceeds were primarily used to repay $206.7 million of the Capital One Line of Credit, significantly reducing the company's long-term debt.
Key Highlights
- ARKO Petroleum Corp. (APC) IPO completed, raising approximately $206.8 million in net proceeds.
- Net loss attributable to ARKO Corp. improved to $(6.6) million from $(12.7) million year-over-year.
- Diluted net loss per share improved to $(0.07) from $(0.12) year-over-year.
- Total revenues decreased by 3.15% to $1.77 billion from $1.83 billion year-over-year.
- Operating income turned positive at $10.0 million, up from a $(11.8) million loss year-over-year.
- Long-term debt, net, decreased by 21.1% to $691.0 million from $875.5 million as of December 31, 2025.
- ARKO Corp. retains 73.6% economic interest and 93.3% voting power in APC.
- APC declared a pro-rated quarterly dividend of $0.26 per share.