GPM Investments' net income falls to $9.4M in second-quarter 2026. The convenience retailer's adjusted EBITDA rose to $123M By Diane Adam on Aug. 11, 2026 Arko reports decrease in net income for second-quarter 2026. Simpson Photos GPM Investments and parent company Arko Corp.'s net income in second-quarter 2026 was $9.4 million compared to $20.1 million in the same period a year ago, the Richmond, Virginia-based company announced on Friday. "We delivered a strong first half of 2026, generating $123 million of adjusted EBITDA, compared to $108 million last year, up 14%, despite weather disruption early in the year and a more challenging consumer environment as the second quarter progressed," said Arie Kotler, chairman, president and CEO of Arko. "Consumer demand softened during the second quarter as sustained higher fuel prices continued to pressure household budgets." * GPM Investments is No. 10 on CSP's 2026 Top 202 ranking of convenience-store chains by U.S. store count. Kotler said despite these pressures, "our teams remained focused on the areas within our control, maintaining disciplined fuel and merchandise margins while continuing to deliver value for our customers." Kotler said the company's wholesale and fleet fueling segments continued to perform well, which the company believes demonstrates the strength of Arko's diversified platform and the value of the company's subsidiary Arko Petroleum Corp. (APC) as a focused growth and acquisition vehicle. "We expect that the recently announced acquisition of the business of US Petroleum Partners will be an important next step in APC's growth strategy, aimed at increasing scale while creating additional opportunities to enhance supplier economics, throughput and cash generation," he said. As part of the company's ongoing transformation plan, the company reported it converted 21 retail stores to dealer sites during the quarter, bringing total conversions to 471 since the dealerization program began in 2024. The company said it continues to advance its new-to-industry (NTI) store pipeline. During the quarter, the company said it opened one NTI retail store, completed two remodels and had 12 projects in construction or active development and continues to plan for a total of approximately 25 remodels, all which feature the fas craves food and beverage elements. The company said it is targeting 20 additional new fleet fueling locations in 2026, with one opened in March, two opened in July and 17 in progress. GPM Investments is a wholly owned subsidiary of Richmond, Virginia-based Arko Corp. It has more than 1,500 stores under more than 25 regional store brands, including fas mart, Li'l Cricket and Scotchman. Members help make its journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of its content. Sign up here. Diane Adam is an editor for CSP The Latest Listen to your daily news: CSP Daily News Podcasts New episodes weekdays

GPM Investments to expand EV charging. Plus, Love's opened a new travel stop in Illinois; LV opened five new locations earlier this spring. May 20, 2026 GPM Investments, a subsidiary of Arko Corp., is partnering with Red E, an EV charging network, to expand EV charging at its c-stores, Red E said in a press release. "Working across GPM's portfolio of regional convenience store brands, Red E has supported the deployment of EV charging infrastructure at multiple retail sites, integrating charging directly into active, high-traffic environments," the company said. Red E said it provides comprehensive charging network management - including infrastructure strategy, deployment execution, software integration, payment systems and uptime optimization. "Rolling out EV charging across a portfolio like ours isn't simple - every site has different needs, different markets and different operational considerations. Red E has been a strong partner throughout that process. Their analytics, software and ongoing support have helped us bring multiple projects online while ensuring the infrastructure performs the way our customers expect," said Chris Giacobone, COO of GPM Investments LLC. Love's Travel Stops is expanding its footprint in Illinois with a new travel stop in Joliet, the company's 36th travel stop in the state. The location has 91 truck parking spaces and provides free parking for Love's customers, "helping address the national truck parking shortage," the company said. So far in 2026, Love's has added 733 truck parking spaces across the country. The Joliet location includes snack, drink and food options, including Love's fresh food items prepared on-site daily, and a Hardee's. The travel stop has space allocated for EV chargers, allowing Love's to quickly partner with local utility companies to install charging stations should customer demand arise. Love's also recently reopened its travel stop in Auburndale, Florida. The location was updated under Love's Road Ahead Plan and includes an updated sales floor, restrooms and showers and an overall updated look and feel. So far, in 2026, Love's has completed updates to 14 locations and opened eight new locations. In honor of the grand opening in Joliet, Love's will donate $2,500 to the Greater Joliet Area YMCA, $2,500 to Trinity Services, Inc. and $5,000 to Ann and Robert H. Lurie Children's Hospital of Chicago. To celebrate the reopening of the Auburndale location, Love's will donate $5,000 to Johns Hopkins All Children's Hospital in St. Petersburg. LV Petroleum LLC announced five new openings, including gas stations, restaurants and a new travel center across five states, the company said in a press release. In the last week of April, the company: * assumed operations of a travel center in Williams, Iowa. The location offers a Miss J's Café, Miss J's Diner and a Sbarro restaurant. * opened a new Conoco gas station in Pahrump, Nevada, offering both a Sbarro and a Rally's, as well as a Sbarro inside the TA Express travel center in Rock Springs, Wyoming, and another Sbarro at the TA TravelCenter in Fillmore, Utah. * held a ribbon-cutting ceremony for a new Conoco gas station in Camp Verde, Arizona. This location offers a Charley's and a Sbarro. "This number of openings in a short period of time is a reflection of the superior team we've built," said Jeanette Davis, senior vice president of LV Petroleum. "From Iowa to Arizona, we are bringing quality fuel, food and service to drivers and communities that need it."