ARKO Corp.

What ARKO Corp. does

ARKO Corp. (NASDAQ: ARKO) is a Fortune 500 convenience store operator and fuel wholesale distributor headquartered in Richmond, Virginia. The company runs more than 1,000 convenience stores across over 30 states and the District of Columbia under a "Family of Community Brands" portfolio of more than 25 regional store brands, offering prepared foods, snacks, beer, hot and cold beverages, and multiple quick-serve restaurant brands. Operations are organized through two core subsidiaries: GPM Investments (retail convenience stores) and ARKO Petroleum Corp. (wholesale fuel distribution to independent dealers, fleet fueling via proprietary and third-party cardlock locations, and the GPM Petroleum segment handling inter-segment fuel distribution to retail sites).

The company monetizes across four revenue streams: (1) retail convenience store sales of food, beverage, and merchandise, (2) wholesale motor fuel supply to independent dealers and consignment agents, (3) fleet fueling through cardlock locations and commissions on proprietary fuel cards with nationwide site access, and (4) GPM Petroleum inter-segment fuel distribution. Go-to-market is a multi-channel distribution model combining direct retail operations, B2B wholesale fuel supply, and commercial fleet fueling. In February 2026, ARKO completed the IPO of ARKO Petroleum Corp., raising just under $200 million through the sale of over 11 million shares, creating a separately traded public entity for the wholesale, fleet fueling, and GPMP segments.

The underlying technology stack is centered on the fas REWARDS loyalty program, including a redesigned mobile application built on the Rovertown platform that supports personalized offers, fuel savings, gamification, and mobile payment on iOS and Android. The "Fueling America's Future" promotional initiative allows members to stack cents-off promotions with loyalty base points to save up to $2.50 per gallon on fuel. Strategic initiatives include an active dealerization program (194 conversions in the first nine months of 2025), new-to-industry store openings, a non-binding MOU with Apollo Power to deploy solar energy at 300+ sites (~$53M project), and a recent CFO transition. For full-year 2025, ARKO guided Adjusted EBITDA to a range of $233 million to $243 million.

Name

ARKO Corp.

Legal name

ARKO Corp.

Website

https://arkocorp.com

Company type

Public

Operating status

Operating

Short description

ARKO Corp. (NASDAQ: ARKO) is a Fortune 500 convenience store operator and one of the largest wholesale fuel distributors in the United States, operating 1,000+ stores under 25+ regional brands across 30+ states, plus wholesale fuel supply to independent dealers and fleet fueling via cardlock networks and proprietary fuel cards.

Ownership category

akta.pro rank

Product category

Convenience Store Operations and Fuel Distribution

NAICS

Gasoline Stations with Convenience Stores (45711), Fuel Dealers (45721), Gasoline Stations and Fuel Dealers (457)

SIC

Retail-Auto Dealers & Gasoline Stations (5500), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Convenience Retail & Foodservice at Forecourts (C-Store/QSR) (EUALAIAE)

akta.pro secondary industries

Retail Service Station Operations (Company-Owned & Dealer-Operated) (EUALAIAA), Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery) (EUALAIAD), Fuel Pricing, Loyalty & Payments Platforms (POS, Mobile Pay, Fleet Cards, Loyalty Programs) (EUALAIAK)

Keywords

• Convenience store operations
• Wholesale fuel distribution
• Fleet fueling services
• Retail fuel marketing
• Convenience retail brands

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Retail Convenience Store Sales: Revenue from retail convenience store operations selling prepared foods, beer, snacks, candy, hot and cold beverages, and quick serve restaurant items across more than 1,000 stores under 25+ regional brands.
2. Wholesale Fuel Distribution: Supply of motor fuels to independent dealers and consignment agents through the wholesale segment.
3. Fleet Fueling: Operation of proprietary and third-party cardlock locations (unstaffed fueling locations), and commissions from sales of fuel using proprietary fuel cards providing access to a nationwide network of fueling sites.
4. GPM Petroleum: Inter-segment transactions related to wholesale distribution of fuel to substantially all sites that sell fuel in the retail, wholesale and fleet fueling segments.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

ARKO Corp. operates a multi-segment convenience retail and fuel distribution business. Its retail segment sells prepared foods, snacks, beverages, beer, and quick serve restaurant items across more than 1,000 convenience stores under 25+ regional brands via subsidiary GPM Investments. Its wholesale segment supplies motor fuel to independent dealers and consignment agents, while its fleet fueling segment operates proprietary and third-party cardlock locations and earns commissions from sales of fuel through proprietary fuel cards.

Product overview

ARKO Corp. operates a multi-segment business consisting of retail convenience store operations (via GPM Investments subsidiary), wholesale fuel distribution, and fleet fueling services (via ARKO Petroleum Corp. subsidiary). The retail segment operates more than 25 regional store brands under the 'Family of Community Brands' umbrella, offering prepared foods, snacks, beverages, and quick serve restaurant options across over 1,000 convenience stores in more than 30 states. The wholesale segment supplies fuel to independent dealers and consignment agents. The fleet fueling segment operates proprietary and third-party cardlock locations. ARKO Petroleum Corp. handles wholesale distribution of motor fuels to substantially all of ARKO's retail sites. The company also offers digital engagement through its fas REWARDS mobile app and the Fueling America's Future customer savings campaign.

Differentiator

Problem solved

Functional benefit

Brands

• fas REWARDS: Customer loyalty and rewards program offering fuel savings up to $2.50 per gallon through promotional offers and base points redeemable for fuel discounts.
• GPM Stores

Products and services

• Family of Community Brands retail convenience stores

Quantifiable outcome

• Customers saved more than $3.75 million on fuel through the Fueling America's Future campaign
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Apollo PowercoreStrategic or Co-development Partner · 17 November 2025ARKO Corp.'s subsidiary GPM Investments signed a non-binding MOU with Apollo Power on November 17, 2025, to deploy flexible solar energy solutions at no fewer than 300 gas station and convenience store sites across the United States. The turnkey project, valued at approximately $53 million, would include engineering, procurement, and construction services spanning several years. The partnership marks Apollo Power's entry into the U.S. gas station market and represents a strategic expansion for both companies, with ARKO seeking to reduce electricity costs and enhance asset performance.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Murphy USA: Murphy USA operates a nationwide network of low-cost fuel stations, many adjacent to Walmart, with growing convenience retail — directly comparable to ARKO's fuel-led, convenience-anchored retail and wholesale model. ARKO's new CFO joined from Murphy USA, reinforcing operational comparability.
• Casey's General Stores: Casey's is one of the largest c-store operators in the US, with a vertically integrated fuel program, prepared foods, and a strong loyalty/digital platform — directly comparable in retail convenience + fuel wholesale mix, though with a more concentrated single-brand model.
• Sunoco LP: Sunoco LP is a major US wholesale fuel distributor and motor fuel operator with significant cardlock/fleet exposure — directly comparable to ARKO Petroleum Corp.'s wholesale fuel, GPMP, and fleet fueling segments.
• CrossAmerica Partners LP: CrossAmerica Partners is a wholesale fuel distributor and c-store operator with commissaries, cardlock, and dealer-operated models — directly comparable to ARKO's mix of wholesale fuel supply, independent dealer support, and retail c-store operations.
• Global Partners LP: Global Partners operates a portfolio of US Northeast c-stores, gas stations, and wholesale/distribution of gasoline, diesel, and heating oil — directly comparable to ARKO's wholesale fuel, fleet fueling, and retail c-store segments, particularly in overlapping Northeastern US markets.

Broad incumbents

• Alimentation Couche-Tard: Couche-Tard operates the Circle K banner globally and is one of the largest c-store and fuel retail networks worldwide, making it the dominant incumbent comparable to ARKO across retail c-store, fuel wholesale, and fleet/cardlock segments.
• 7-Eleven (Seven & i Holdings): 7-Eleven, operated by Seven & i Holdings, is the largest US c-store chain and a major franchisor of fuel programs — a broad incumbent peer with overlapping c-store, fuel, and private-label offerings similar to ARKO's portfolio.
• Pilot Travel Centers (Berkshire Hathaway): Pilot, owned by Berkshire Hathaway, is the largest US travel center/truck stop network with fuel, retail, and foodservice — comparable to ARKO's fleet fueling and c-store offerings at the high-volume/highway end of the market.

Regional players

• Parkland Corporation: Parkland is a Canadian fuel and convenience retailer with growing US operations across retail, commercial fuel, and cardlock — comparable in business mix to ARKO but primarily Canadian-geography and not a direct head-to-head competitor in most of ARKO's footprint.

Others

• Getty Realty Corp. Getty Realty is a net-lease REIT that owns convenience and fuel-related real estate, often tenanted by operators comparable to ARKO. It is not a direct competitor but is a thematic adjacent peer that reflects the real-estate value underlying ARKO's owned and dealer-operated store base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/ArkoInvestors

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ARKO Corp.