ARKO Corp third quarter 2026 revenue of $1.89B misses estimates as dealerization program continues

ARKO Corp reported a revenue miss for the third quarter of 2026, with total revenue of $1.89 billion falling short of the $2.02 billion estimate. However, diluted EPS of $0.28 significantly outperformed the $0.12 analyst expectation. Management raised full-year 2026 Adjusted EBITDA guidance to a range of $156 million to $157 million, citing the pending acquisition of U.S. Petroleum Partners (USPP) and stable execution within the wholesale and fleet fueling segments.

Key Highlights

• Diluted EPS of $0.28 beat expectations despite a decline in total fuel gallons sold to related party retail locations, which fell 14.5% to 191.4 million gallons.
• The company converted 17 retail convenience stores to dealer locations during the quarter, bringing the total to 488 sites since the program's inception in 2024.
• Adjusted EBITDA increased to $41.0 million from $37.4 million in the prior-year period, demonstrating platform durability amid fuel market volatility.
• Total liquidity stood at approximately $715 million as of September 30, 2026, supporting the pending $205 million cash acquisition of USPP expected to close in the fourth quarter.