ARKO (NASDAQ:ARKO) announced preliminary fourth-quarter and full-year 2025 financial results on Tuesday, February 3, 2026, coinciding with a major strategic milestone: the launch of an initial public offering (IPO) roadshow for its subsidiary, ARKO Petroleum Corp (APC).
The Richmond-based convenience store giant estimates full-year 2025 net income between $19.1 million and $21.3 million, while adjusted EBITDA is expected to land between $246 million and $249 million, nearly matching 2024’s performance despite a challenging macroeconomic environment.
The spotlight of the announcement was the APC spin-off.
ARKO Petroleum, a material arm of the company’s wholesale fuel distribution business, is offering 10.5 million shares of Class A common stock.
The IPO is expected to price between $18 and $20 per share, potentially raising up to $210 million and valuing the subsidiary at approximately $910 million.
The move is part of ARKO’s "dealerization" strategy, which involves shifting company-operated stores to a wholesale model to streamline operations and reduce overhead.
"Our preliminary results and the launch of the APC roadshow demonstrate the strength of our multi-segment model," said the company in a statement.