Arko Stock Price, News & Analysis

ARKO Corp. has announced the acquisition of WTG Fuels Holdings for approximately $140.4 million, expanding its operations in Texas and New Mexico. This move will add over 200 retail stores and significantly boost ARKO's fleet fueling operations by increasing its sites from 183 to over 290. The deal is expected to enhance ARKO’s annual Adjusted EBITDA by approximately $10.6 million. The acquisition is the fourth for ARKO in 2022 and aligns with its strategy of systematic growth and value creation for stockholders.

ARKO Corp. (NASDAQ: ARKO) reported strong Q3 2022 results, showcasing a 20.1% increase in operating income to $65.7 million, and net income of $25 million. Adjusted EBITDA rose to a record $99.5 million, a 24.1% increase year-over-year. Merchandise revenue reached $445.8 million, with a 4.3% increase in merchandise contribution. Fuel profitability surged by 28.5% to $155.1 million. The Board has raised the quarterly dividend by 50%. The company also announced the acquisition of Transit Energy Group’s convenience stores, reflecting its growth strategy.

ARKO Corp. (Nasdaq: ARKO) is set to report its third quarter results for the period ending September 30, 2022, on November 7, 2022, after market close. A conference call will be held on November 8, 2022, at 10:00 a.m. ET, allowing investors to discuss the results. The Company operates in the convenience store and fuel wholesaling sector, owning GPM Investments, and offers a range of products through its various retail and wholesale segments.

ARKO Corp. has announced the acquisition of Pride Convenience Holdings, which operates 31 convenience stores in Massachusetts, expanding ARKO's presence to 34 states. The deal, valued at approximately $230 million plus inventory, is expected to enhance ARKO’s operational capabilities and profitability, with an anticipated $12.2 million in Adjusted EBITDA annually. This acquisition is part of ARKO's growth strategy to increase its footprint and cash flow, as it currently operates over 1,388 stores across the U.S.

ARKO Corp. has announced an agreement to acquire approximately 350 wholesale and retail sites, enhancing its presence in Alabama and Mississippi. This $375 million deal, including deferred payments, aims to increase fuel sales by 285 million gallons annually. The acquisition is expected to generate an annualized Adjusted EBITDA of $18 million, reaching $27 million including synergies. The transaction is part of ARKO's growth strategy and is contingent on closing conditions. This expansion will increase ARKO’s total store count to over 1,530.

ARKO Corp. reported strong financial results for Q2 2022, with net income of $31.8 million, up 24.4% year-over-year. Adjusted EBITDA rose to $79.0 million, a 4.4% increase from Q2 2021. Operating income increased 5.5% to $48.3 million, while merchandise revenue grew to $431.8 million, up 1.0% from the previous year. The company repurchased approximately 3.1 million shares at an average price of $8.65. However, operating expenses surged 15.1%, largely due to acquisitions and rising credit card fees. A restructuring plan will incur a one-time tax expense of around $8.5 million.

ARKO Corp. (Nasdaq: ARKO) announced it will report its Q2 results on August 8, 2022, after market close. A conference call is scheduled for August 9, 2022, at 10:00 a.m. ET, where analysts will discuss the financial results. Investors can access the call via phone or a live webcast available on the company’s website. ARKO operates convenience stores and fuel wholesalers in the U.S. and has a diverse range of products, including prepared foods, beverages, and a loyalty program offering savings.

ARKO Corp. (NASDAQ: ARKO) announced the acquisition of several assets from Quarles Petroleum, including 121 cardlock sites and management of 63 third-party locations. This strategic move supports ARKO's growth strategy, expected to add $17.5 million in adjusted EBITDA annually. The acquisition enhances ARKO's fuel services and is projected to increase annual sales by approximately 160 million gallons, mainly diesel. Nearly 100 employees from Quarles will join ARKO, emphasizing the company's commitment to expansion and customer service.

ARKO Corp. has achieved a significant milestone by making its debut on the 2022 Fortune 500 list, ranking No. 498. This recognition highlights the company's effective growth strategy and disciplined investment approach since joining NASDAQ two years ago. With over 3,000 locations and a commitment to expansion through mergers and acquisitions, ARKO has executed 21 acquisitions since 2013, growing from 300 stores to a substantial presence as a leading convenience store and fuel wholesaler in the U.S.