ARKO Petroleum, which distributes fuel to gas stations, sub-wholesalers and other purchasers, raised $200 million by offering 11.1 million shares at $18, the low end of the range of $18 to $20.
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 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 its parent's retail sites on a cost-plus basis with a fixed adder per gallon. In the nine months ended September 30, 2025, its parent, ARKO, accounted for 42% of the company's revenue.
ARKO Petroleum plans to list on the Nasdaq under the symbol APC. UBS Investment Bank, Raymond James, Stifel, Mizuho Securities, and Capital One Securities acted as joint bookrunners on the deal.
