Fuel distributor ARKO Petroleum files for a $100 million IPO
ARKO Petroleum, which distributes fuel to gas stations, sub-wholesalers and other purchasers, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
February 12, 2026 News
ARKO Petroleum prices slightly upsized IPO at $18, the low end of the range
ARKO Petroleum, which distributes fuel to gas stations, sub-wholesalers and other purchasers, raised $200 million by offering 11.1 million shares at $18, the low end of the range of $18 to $20.
February 3, 2026 News
Fuel distributor ARKO Petroleum sets terms for $200 million US IPO
ARKO Petroleum, which distributes fuel to gas stations, sub-wholesalers and other purchasers, announced terms for its IPO on Tuesday.
The Richmond, VA-based company plans to raise $200 million by offering 10.5 million shares at a price range of $18 to $20. At the midpoint of the proposed range, ARKO Petroleum would command a market cap of $865 million.
About the Company
ARKO Petroleum, a subsidiary of ARKO （Nasdaq: ARKO） is a fuel distribution company having delivered 1.5 billion gallons in the nine months ended September 30, 2025 to gas stations, sub-wholesalers, and other purchasers. It operates three segments: Wholesale, supplying fuel to third-party dealer stations and ARKO Retail Sites under long-term cost-plus or consignment contracts; Fleet Fueling, operating proprietary and third-party cardlock locations and issuing fuel cards; and GPMP, which supplies retail sites on a cost-plus basis with a fixed adder per gallon.
The Richmond, VA-based company was founded in 2022 and booked $5.7 billion in revenue for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol APC. UBS Investment Bank, Raymond James, Stifel, Mizuho Securities, and Capital One Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
Company Performance
In its latest?U.S. filing, fuel distributor ARKO Petroleum revealed a decline in revenue for the nine-month period. Companies are preparing to list in the first quarter of next year.
The company posted a profit of $24.7 million on revenue of $4.27 billion for the nine months ended September 30. This compares to a profit last year, which was $32.7 million on revenue $4.92 billion.
The offering is made as issuers prepare to list in the early part of next year, after the holiday season. They are hoping to take advantage a receptive marketplace.
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The move is part of Arko’s strategic plan, it said in Friday’s release. Arko is a Fortune 500 company and one of the largest c-store operators, fuel wholesalers and cardlock operators in the United States. GPM Investments ranks No. 7 on CSP’s 2025 Top 202 list of largest c-store chains by store count in the United States. It had 1,389 stores as of Jan. 1, 2025.
Arko has been in the process of converting some of its convenience stores to dealer sites. In its latest earnings call for third-quarter 2025, it said it had converted 65 retail stores to dealer sites during the three months ending Sept. 30, for a total of 194 stores converted in the nine months ending Sept. 30. The company said it will continue to execute its dealerization program in 2026.
In addition to its convenience-store arm, Arko operates in three other segments: wholesale, which supplies fuel to independent dealers and consignment agents; fleet fueling, which includes the operation of proprietary and third-party cardlock locations and issuance of proprietary fuel cards; and GPM Petroleum, which sells and supplies fuel to its retail and wholesale sites.