ARKO Petroleum, which distributes fuel to gas stations, sub-wholesalers and other purchasers, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
ARKO Petroleum, a subsidiary of ARKO (Nasdaq: ARKO) is a fuel distribution company having delivered 1.5 billion gallons in the nine months ended September 30, 2025 to gas stations, sub-wholesalers, and other purchasers. It operates three segments: Wholesale, supplying fuel to third-party dealer stations and ARKO Retail Sites under long-term cost-plus or consignment contracts; Fleet Fueling, operating proprietary and third-party cardlock locations and issuing fuel cards; and GPMP, which supplies retail sites on a cost-plus basis with a fixed adder per gallon.
The Richmond, VA-based company was founded in 2022 and booked $5.7 billion in revenue for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol APC. UBS Investment Bank, Raymond James, Stifel, Mizuho Securities, and Capital One Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
