ARKO Petroleum Corp. engages in wholesale distribution of motor fuel to ARKO Retail Sites and to third-party dealers under long-term contracts, selling fuel at fleet fueling locations. The company is headquartered in Richmond, Virginia. The firm supplies in states across the Mid-Atlantic, Midwestern, Northeastern, Southeastern, and Southwestern United States (U.S.). The company operates through three segments: Wholesale, Fleet Fueling and GPMP. Its Wholesale segment distributes fuel to gas stations operated by third-party dealers, sub-wholesalers, and bulk and spot purchasers (commercial, government, industrial businesses, and rack buying dealers), on either a cost-plus or a consignment basis, generally pursuant to long-term contracts. Its Fleet Fueling segment includes the operation of proprietary and third-party cardlock locations (unstaffed fueling locations that serve commercial vehicle fleets) that primarily sell fuel to commercial and municipal entity customers. Its GPMP segment sells and supplies fuel to substantially all the Arko Retail Sites at the cost of fuel plus a fixed margin.
