Fuel Wholesaling
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Fuel Wholesaler Arko Petroleum Raises $200 Million in US IPO
Yahoo Finance· 2026-02-12 01:11
Group 1 - Arko Petroleum Corp. raised $200 million in an upsized initial public offering, pricing at the bottom of the marketed range at $18 per share [2][3] - The company has a market value of approximately $830 million based on outstanding shares [3] - Arko Petroleum operates in over 30 US states, delivering fuel to more than 1,100 Arko convenience store gas stations and over 2,000 third-party gas stations [3] Group 2 - Net income attributable to Arko Petroleum decreased to $24.7 million on revenue of $4.27 billion for the nine months ended September 30, compared to $32.7 million on revenue of $4.92 billion a year earlier [4] - The firm delivered 1.5 billion gallons of fuel in the first nine months of 2025, down from 2.1 billion gallons in the full year of 2024 [4] - Arko Corp. is expected to maintain a majority of the voting power in Arko Petroleum after the IPO [4] Group 3 - The fuel unit plans to pay a quarterly dividend of $0.50 per share following the listing [5] - The offering is being led by UBS Group AG, Raymond James Financial Inc., and Stifel Financial Corp. [5] - Arko Petroleum is expected to begin trading on the Nasdaq Stock Market under the symbol APC [5]