Cushing Asset Management takes 2.4% stake in ARKO (NYSE: APC)

Rhea-AI Filing Summary

ARKO Petroleum Corp. shareholder disclosure: Cushing Asset Management, LP dba NXG Investment Management reports beneficial ownership of 300,000 shares of Class A Common stock, representing 2.4% of the class.

The filing is an amendment (Amendment No. 1) signed by the reporting firm's Chief Compliance Officer on 05/19/2026. The filing lists sole voting and dispositive power over the 300,000 shares.

Insights

Institutional Ownership Analyst

Passive ownership disclosure: a sub-5% institutional stake is reported.

The filing shows 300,000 shares beneficially owned representing 2.4% of Class A Common, with sole voting and dispositive power. This size places the holder below the 5% threshold and is consistent with passive or investment-manager reporting.

Timing and trading intent are not stated in the excerpt; subsequent filings would be needed to track any changes in position.

Compliance & Governance Specialist

Amendment notes updated reporting details; signature by CCO confirms procedural compliance.

The document is labeled "Amendment No. 1" and is signed by the Chief Compliance Officer on 05/19/2026. It lists the filers address and CUSIP 04124A100, meeting Schedule 13G/A disclosure elements.

This filing does not state any change in ownership method or plans; governance implications are limited to disclosure compliance.

Key Figures

Beneficially owned shares: 300,000 shares Percent of class: 2.4% CUSIP: 04124A100 +1 more

4 metrics

Beneficially owned shares 300,000 shares Class A Common

Percent of class 2.4% Class A Common

CUSIP 04124A100 Class A Common identifier

Signature date 05/19/2026 Amendment No. 1 signature date

Key Terms

beneficially owned, sole dispositive power, Schedule 13G/A

3 terms

beneficially owned financial

"Amount beneficially owned: 300,000"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"Sole Dispositive Power 300,000.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G/A regulatory

"(Amendment No. 1 )"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

ARKO Petroleum Corp.

(Name of Issuer)

Class A Common

(Title of Class of Securities)

04124A100

(CUSIP Number)

05/08/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 04124A100

1

Names of Reporting Persons

CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 300,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 300,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

300,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ARKO Petroleum Corp.
(b)	Address of issuer's principal executive offices: 8565 MAGELLAN PKWY., STE 400, 8565 MAGELLAN PKWY., STE 400, RICHMOND, VIRGINIA, 23227.
Item 2.
(a)	Name of person filing: Cushing Asset Management, LP dba NXG Investment Management
(b)	Address or principal business office or, if none, residence: One Energy Square, 4925 Greenville Avenue, Suite 1310, Dallas, TX 75206
(c)	Citizenship: Texas
(d)	Title of class of securities: Class A Common
(e)	CUSIP No.: 04124A100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 300,000
(b)	Percent of class: 2.4%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 300,000
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 300,000
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT

Signature:	Brad Mead
Name/Title:	Chief Compliance Officer
Date:	05/19/2026

FAQ

What stake does Cushing Asset Management report in ARKO Petroleum (APC)?

They report beneficial ownership of 300,000 shares, equal to 2.4% of Class A Common. The Schedule 13G/A amendment lists sole voting and dispositive power over those shares and includes CUSIP 04124A100.

Who signed the Schedule 13G/A amendment for APC?

The amendment is signed by Brad Mead, Chief Compliance Officer, on 05/19/2026. The filing identifies the reporting entity as Cushing Asset Management, LP dba NXG Investment Management.

Does the filing indicate Cushing will sell or buy more APC shares?

The filing does not state any planned purchases or sales. It reports current beneficial ownership of 300,000 shares and notes sole voting and dispositive power without further instructions or plans.

Is this ownership above the 5% reporting threshold for APC?

No; the filing expressly states "Ownership of 5 percent or less of a class." The reported 2.4% stake is below the 5% threshold that triggers different reporting rules.

What address and jurisdiction are listed for the reporting filer?

The filers principal business office is listed as One Energy Square, 4925 Greenville Avenue, Suite 1310, Dallas, TX 75206, and the filers citizenship/place of organization is Texas.