Arko Petroleum Corp

Noticias y eventos de Arko Petroleum Corp (APC)

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Noticias de APC

Eventos de APC

8/6 17:30

ARKO Petroleum Acquires U.S. Petroleum Partners for Approximately $205 Million

ARKO Petroleum Corp. announced that it has agreed to acquire the business of U.S. Petroleum Partners, a vertically integrated fuel supply and distribution platform serving customers throughout the Great Lakes region. USPP currently distributes approximately 280M gallons of fuel annually to a broad network of more than 400 wholesale locations. The acquired assets will also include two fuel terminals in Novi, Michigan and Toledo, Ohio connected to the Buckeye Pipeline system, as well as a fleet of vehicles that currently transports more than 80% of USPP's distributed fuel volumes. USPP has expanded its platform through a combination of organic customer growth and acquisitions, from which it has integrated acquired gallons into its terminal, transportation and distribution network. Using estimated forward-looking non-GAAP measures, the company expects the acquisition to be accretive following closing, contributing approximately $30M of annual adjusted EBITDA and enhancing discretionary cash flow. The consideration at closing will consist of approximately $205M in cash plus the cost of inventory. Additionally, at closing the company will issue $30M in APC Class A common stock that, together with dividends earned thereon, will be held in escrow and released, partially or in full, subject to the acquired business achieving certain EBITDA-based financial targets in the first four full quarters after closing.

8/6 17:30

APC Reports Q2 Revenue of $1.84B, Acquires U.S. Petroleum Partners

Reports Q2 revenue $1.84B, consensus $1.5B. "APC delivered another quarter of strong execution, highlighted by growth in adjusted EBITDA and discretionary cash flow," said Arie Kotler, CEO. "We saw growth in operating income across all three of our segments, which we believe underscores the resilience of our platform, enabling us to perform even during volatile market conditions. Our strong first-half results reinforce our confidence in the stability of our cash flow generation, and we believe that we remain well positioned to deliver on our full-year guidance. We also announced that we agreed to acquire the business of U.S. Petroleum Partners, which represents an important milestone in our growth story. We intentionally positioned APC with a strong balance sheet, significant liquidity and financial flexibility at the time of our IPO so we could pursue accretive and highly strategic opportunities like this one. This transaction is expected to expand our predominantly fee-based and fixed-margin earnings profile, enhance our cash flow generation capabilities and strengthen our ability to create long-term value for shareholders. Combined with our continued organic growth initiatives and disciplined capital allocation strategy, we believe APC is entering an exciting new phase of growth."

8/6 17:30

Company Reaffirms FY26 Adjusted EBITDA Guidance at $156M

The company reaffirmed its guidance disclosed in March, and currently expects FY26 adjusted EBITDA and discretionary cash flow to be approximately $156M and approximately $110M, respectively.

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