# ARKO Petroleum Corp. (APC)

> Source: Nexqual · https://nexqual.com/APC · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, ARKO Petroleum Corp. (APC), nexqual.com/APC" · informational, not investment advice.

**Price:** USD 15.86 (+0.06% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 15.85 · day 15.8–16.15 · 52w 14.5–21.72 · market cap $754M · NCM

## Key facts
- Valuation: P/E 21.6x, EV/EBITDA 6.6x, net debt $170M.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $2.5M; 2 not under a Rule 10b5-1 plan ($2.5M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y -6.0% vs S&P 500 +14.9%; 5Y -8.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.3, revenue estimate $1.61B.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 21.6x · P/S 0.1x · EV/EBITDA 6.6x · EV/Sales 0.1x · P/FCF 27.9x · P/B 2.9x · FCF yield 3.59% · Earnings yield 4.62% · Net debt $170M · EV $925M

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-24…2026-09-25 | Blackstone Holdings I L.P. |  | 125,000 | $2.1M | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-03-03 | Blackstone Holdings I L.P. |  | 25,000 | $475K | 16.7% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-02 | Mizuho | Upgrade | Neutral → Outperform | $22 |
| 2026-08-12 | UBS | Target lowered | Buy | $22 → $21 |
| 2026-07-28 | Mizuho | Target raised | Neutral | $20 → $22 |

## Total return (dividends reinvested)
|  | 1Y (from 2026-02-12) | 5Y (from 2026-02-09) |
|---|---|---|
| Total return | -6.0% | -8.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | — | — |
| Volatility (annualized) | 33.1% | 33.8% |
| Max drawdown | -29.2% (May 2026→Sep 2026) | -23.6% (Jul 2026→Sep 2026) |

## Peers (Oil & Gas Refining & Marketing)
CAPL (CrossAmerica Partners LP) USD 22.18 +1.28% · SGU (Star Group L.P.) USD 12.98 +0.46% · CLNE (Clean Energy Fuels Corp.) USD 1.4 +3.70% · WKC (World Kinect Corporation) USD 36.5 +0.52% · DKL (Delek Logistics Partners, L.P.) USD 56.91 +0.25% · PARR (Par Pacific Holdings, Inc. Comm) USD 80.18 -5.34%

## More
Full page: https://nexqual.com/APC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in APC's own 10-K filed 2026-03-30 (https://www.sec.gov/Archives/edgar/data/2080921/000119312526131747/apc_10k_12312025.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | ExxonMobil (XOM) | "We are also able to leverage our scale to enhance efficiencies, including capturing competitive pricing terms and offering multiple fuel branding options for our customers through our strong relationships with our major …" |

Other companies that name APC in their own reports (relationship from APC's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | ARKO Corp. (ARKO) | 10-K 2026-02-25 | "Our employee and intercompany matters agreement with APC (the "Employee and Intercompany Matters Agreement") governs the allocation of employee benefit and compensation plans, and certain shared oblig…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Wholesale | $935.1M | 50.9% | +32.0% |
| Gpmp | $716.8M | 39.0% | +18.4% |
| Fleet Fueling | $178.2M | 9.7% | +48.1% |
| All Other Segments | $8.4M | 0.5% | -7.9% |
| Total revenue | $1.84B | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Fuel Products | $1.10B | 59.8% | +33.9% |
| Fuel | $917.7M | 49.9% | +31.8% |
| Fuel Revenue Related Party | $716.0M | 38.9% | +18.5% |
| Other Revenues Net | $20.3M | 1.1% | +33.2% |
| Product & Service Other | $17.0M | 0.9% | +35.9% |
| Other Revenues Net Related Party | $3.4M | 0.2% | +4.7% |
| Total revenue | $1.84B | 100% | — |
The lines above cover 150.8% of total revenue.

## Company outlook (8-K filed 2026-08-06)

- "The Company is reaffirming its guidance disclosed in March 2026, and currently expects full year 2026 Adjusted EBITDA and Discretionary Cash Flow to be approximately $156 million and approximately $110 million, respectively."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.30 | $0.39 | -23.1% | $1.61B | 1 |
| Next quarter (ends 2026-12-31) | $0.18 | $0.38 | -52.6% | $1.59B | 1 |
| Current fiscal year (ends 2026-12-31) | $0.94 | $1.33 | -29.3% | $6.39B | 1 |
| Next fiscal year (ends 2027-12-31) | $0.88 | $1.48 | -40.5% | $6.27B | 1 |