Anadarko Petroleum Q1 Earnings Call Highlights

Key Points

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• Strong Q1 results: ARKO reported higher first-quarter 2026 earnings, with nett income rising to $8.1 cardinal from $4.5 cardinal and adjusted EBITDA expanding to $36.4 million, helped by fuel-margin subject and wholesale growth.

• Balance expanse improved aft IPO: The institution utilized $206.7 cardinal of IPO proceeds to trim debt, leaving it with astir $731 cardinal successful liquidity and nett leverage of 2.1x, which absorption says supports further enlargement and acquisitions.

• Growth plans stay intact: ARKO near full-year 2026 guidance unchanged, expects astir $156 cardinal successful adjusted EBITDA, and continues expanding trader conversions and cardlock/fleet fueling locations portion maintaining a dividend people of $2 per stock annually.

ARKO Petroleum Corp. reported stronger first-quarter 2026 results, with absorption pointing to fuel-margin discipline, wholesale maturation and the company’s post-IPO equilibrium expanse arsenic cardinal factors supporting its outlook.

Chairman, President and Chief Executive Officer Arie Kotler said adjusted EBITDA roseate astir 18% twelvemonth implicit twelvemonth during a 4th marked by important fuel-cost volatility. Kotler said the results reflected the company’s “cost-plus” borderline operation connected astir 85% of gallons distributed, arsenic good arsenic pricing execution connected the remaining gallons sold done fleet fueling and consignment cause locations.

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Chief Financial Officer Jordan Mann said nett income was $8.1 cardinal for the quarter, compared with $4.5 cardinal successful the prior-year period. Adjusted EBITDA accrued to $36.4 cardinal from $30.9 cardinal a twelvemonth earlier.

Wholesale and fleet fueling margins grow

In the wholesale segment, substance publication roseate 14.2% to $22.9 cardinal from $20 cardinal successful the archetypal 4th of 2025. Wholesale gallons accrued 2.8% to 233.9 cardinal gallons, portion substance borderline improved to astir 9.8 cents per gallon from 8.8 cents per gallon a twelvemonth earlier.

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Kotler said the wholesale conception benefited from higher borderline seizure astatine consignment cause locations during volatile substance markets and, to a lesser extent, accrued prompt-pay discounts tied to higher substance costs. He besides said the conception gained from ARKO Corp.’s continued conversion of retail sites into trader locations.

The institution converted 41 ARKO retail sites to trader locations during the archetypal quarter, bringing full conversions since mid-2024 to 450. Kotler said astir 75 further sites were committed nether letters of intent, contracts oregon had already converted aft quarter-end, and helium expects those and further conversions to beryllium completed by the extremity of 2026.