Arko (ARKO) 10-Q 6 Aug 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Aug. 05, 2024
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Period Focus	Q2
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Transition Report	false
Entity File Number	001-39828
Entity Registrant Name	ARKO Corp.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-2784337
Entity Address, Address Line One	8565 Magellan Parkway
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Richmond
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23227-1150
City Area Code	804
Local Phone Number	730-1568
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		115,771,318
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001823794
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	ARKO
Security Exchange Name	NASDAQ
ARKO warrants [Member}
Document Information [Line Items]
Title of 12(b) Security	Warrants to purchase common stock
Trading Symbol	ARKOW
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 231,647	$ 218,120
Restricted cash	19,392	23,301
Short-term investments	4,860	3,892
Trade receivables, net	155,578	134,735
Inventory	251,142	250,593
Other current assets	107,145	118,472
Total current assets	769,764	749,113
Non-current assets:
Property and equipment, net	740,004	742,610
Right-of-use assets under operating leases	1,418,778	1,384,693
Right-of-use assets under financing leases, net	160,280	162,668
Goodwill	299,972	292,173
Intangible assets, net	194,151	214,552
Equity investment	2,935	2,885
Deferred tax asset	60,822	52,293
Other non-current assets	53,163	49,377
Total assets	3,699,869	3,650,364
Current liabilities:
Long-term debt, current portion	18,184	16,792
Accounts payable	239,169	213,657
Other current liabilities	151,434	179,536
Operating leases, current portion	68,725	67,053
Financing leases, current portion	10,856	9,186
Total current liabilities	488,368	486,224
Non-current liabilities:
Long-term debt, net	871,678	828,647
Asset retirement obligation	86,872	84,710
Operating leases	1,434,238	1,395,032
Financing leases	211,760	213,032
Other non-current liabilities	233,852	266,602
Total liabilities	3,326,768	3,274,247
Commitments and contingencies - see Note 13
Series A redeemable preferred stock (no par value) - authorized: 1,000,000 shares; issued and outstanding: 1,000,000 and 1,000,000 shares, respectively; redemption value: $100,000 and $100,000, in the aggregate respectively	100,000	100,000
Shareholders' equity:
Common stock (par value $0.0001) - authorized: 400,000,000 shares; issued: 130,153,836 and 125,268,525 shares, respectively; outstanding: 115,771,318 and 116,171,208 shares, respectively	12	12
Treasury stock, at cost - 14,382,518 and 9,097,317 shares, respectively	(106,123)	(74,134)
Additional paid-in capital	270,455	245,007
Accumulated other comprehensive income	9,119	9,119
Retained earnings	99,638	96,097
Total shareholders' equity	273,101	276,101
Non-controlling interest	0	16
Total equity	273,101	276,117
Total liabilities, redeemable preferred stock and equity	$ 3,699,869	$ 3,650,364

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Common stock par value	$ 0.0001	$ 0.0001
Common stock shares authorized	400,000,000	400,000,000
Common stock shares issued	130,153,836	125,268,525
Common stock shares outstanding	115,771,318	116,171,208
Treasury stock common shares	14,382,518	9,097,317
Series A Redeemable Temporary Equity [Member]
Temporary equity, par value	$ 0	$ 0
Temporary equity, shares authorized	1,000,000	1,000,000
Temporary equity, shares issued	1,000,000	1,000,000
Temporary equity, shares outstanding	1,000,000	1,000,000
Temporary equity, redemption value	$ 100,000	$ 100,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues:
Total revenues	$ 2,388,163	$ 2,469,141	$ 4,460,617	$ 4,557,517
Operating expenses:
Fuel costs	1,726,761	1,801,103	3,229,063	3,338,985
Merchandise costs	318,489	329,903	598,226	607,226
Site operating expenses	223,691	218,002	442,622	410,685
General and administrative expenses	42,436	42,660	84,594	83,076
Depreciation and amortization	33,577	32,837	65,293	61,236
Total operating expenses	2,344,954	2,424,505	4,419,798	4,501,208
Other expenses, net	261	4,956	2,737	7,676
Operating income	42,948	39,680	38,082	48,633
Interest and other financial income	3,384	2,428	25,297	9,630
Interest and other financial expenses	(24,751)	(22,588)	(49,121)	(43,392)
Income before income taxes	21,581	19,520	14,258	14,871
Income tax expense	(7,546)	(5,014)	(839)	(2,856)
Income (loss) from equity investment	28	(27)	50	(63)
Net income	14,063	14,479	13,469	11,952
Less: Net income attributable to non-controlling interests	0	48	0	101
Net income attributable to ARKO Corp.	14,063	14,431	13,469	11,851
Series A redeemable preferred stock dividends	(1,445)	(1,434)	(2,859)	(2,852)
Net income attributable to common shareholders	$ 12,618	$ 12,997	$ 10,610	$ 8,999
Net income per share attributable to common shareholders - basic	$ 0.11	$ 0.11	$ 0.09	$ 0.07
Net income per share attributable to common shareholders - diluted	$ 0.11	$ 0.11	$ 0.09	$ 0.07
Weighted average shares outstanding:
Basic	115,758	119,893	116,512	120,073
Diluted	116,880	121,280	117,073	120,767
Supplemental information:
Includes excise tax of:	$ 301,030	$ 307,244	$ 573,230	$ 571,499
Fuel Revenue [Member]
Revenues:
Total revenues	1,887,531	1,957,100	3,518,863	3,618,764
Merchandise Revenue [Member]
Revenues:
Total revenues	474,248	484,561	888,903	884,849
Other Revenue [Member]
Revenues:
Total revenues	$ 26,384	$ 27,480	$ 52,851	$ 53,904

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income [Member]	Retained Earnings [Member]	Total Shareholders' Equity [Member]	Non-controlling Interest [Member]
Balance at Dec. 31, 2022	$ 280,890	$ 12	$ (40,042)	$ 229,995	$ 9,119	$ 81,750	$ 280,834	$ 56
Balance, shares at Dec. 31, 2022		120,074,542
Share-based compensation	8,624	$ 0	0	8,624	0	0	8,624	0
Transactions with non-controlling interests	0	0	0	(2)	0	0	(2)	2
Distributions to non-controlling interests	(120)	0	0	0	0	0	0	(120)
Dividends on redeemable preferred stock	(2,852)	0	0	0	0	(2,852)	(2,852)	0
Dividends declared	(7,216)	0	0	0	0	(7,216)	(7,216)	0
Common stock repurchased	(13,762)	$ 0	(13,762)	0	0	0	(13,762)	0
Common stock repurchased, Shares		(1,773,109)
Vesting and settlement of restricted share units	0	$ 0	0	0	0	0	0	0
Vesting and settlement of restricted share units, Shares		541,029
Net (loss) income	11,952	$ 0	0	0	0	11,851	11,851	101
Balance at Jun. 30, 2023	277,516	$ 12	(53,804)	238,617	9,119	83,533	277,477	39
Balance, shares at Jun. 30, 2023		118,842,462
Balance at Mar. 31, 2023	275,035	$ 12	(42,352)	234,158	9,119	74,143	275,080	(45)
Balance, shares at Mar. 31, 2023		120,305,008
Share-based compensation	4,555	$ 0	0	4,555	0	0	4,555	0
Transactions with non-controlling interests	0	0	0	(96)	0	0	(96)	96
Distributions to non-controlling interests	(60)	0	0	0	0	0	0	(60)
Dividends on redeemable preferred stock	(1,434)	0	0	0	0	(1,434)	(1,434)	0
Dividends declared	(3,607)	0	0	0	0	(3,607)	(3,607)	0
Common stock repurchased	(11,452)	$ 0	(11,452)	0	0	0	(11,452)	0
Common stock repurchased, Shares		(1,498,630)
Vesting and settlement of restricted share units	0	$ 0	0	0	0	0	0	0
Vesting and settlement of restricted share units, Shares		36,084
Net (loss) income	14,479	$ 0	0	0	0	14,431	14,431	48
Balance at Jun. 30, 2023	277,516	$ 12	(53,804)	238,617	9,119	83,533	277,477	39
Balance, shares at Jun. 30, 2023		118,842,462
Balance at Dec. 31, 2023	276,117	$ 12	(74,134)	245,007	9,119	96,097	276,101	16
Balance, shares at Dec. 31, 2023		116,171,208
Share-based compensation	6,113	$ 0	0	6,113	0	0	6,113	0
Transactions with non-controlling interests	(3,000)	0	0	(2,984)	0	0	(2,984)	(16)
Dividends on redeemable preferred stock	(2,859)	0	0	0	0	(2,859)	(2,859)	0
Dividends declared	(7,069)	0	0	0	0	(7,069)	(7,069)	0
Common stock repurchased	(31,989)	$ 0	(31,989)	0	0	0	(31,989)	0
Common stock repurchased, Shares		(5,285,201)
Vesting and settlement of restricted share units	0	$ 0	0	0	0	0	0	0
Vesting and settlement of restricted share units, Shares		1,467,396
Issuance of shares	22,319	$ 0	0	22,319	0	0	22,319	0
Issuance of shares, shares		3,417,915
Net (loss) income	13,469	$ 0	0	0	0	13,469	13,469	0
Balance at Jun. 30, 2024	273,101	$ 12	(106,123)	270,455	9,119	99,638	273,101	0
Balance, shares at Jun. 30, 2024		115,771,318
Balance at Mar. 31, 2024	261,240	$ 12	(106,055)	267,671	9,119	90,493	261,240	0
Balance, shares at Mar. 31, 2024		115,743,761
Share-based compensation	2,784	$ 0	0	2,784	0	0	2,784	0
Dividends on redeemable preferred stock	(1,445)	0	0	0	0	(1,445)	(1,445)	0
Dividends declared	(3,473)	0	0	0	0	(3,473)	(3,473)	0
Common stock repurchased	(68)	$ 0	(68)	0	0	0	(68)	0
Common stock repurchased, Shares		(11,866)
Vesting and settlement of restricted share units	0	$ 0	0	0	0	0	0	0
Vesting and settlement of restricted share units, Shares		39,423
Net (loss) income	14,063	$ 0	0	0	0	14,063	14,063	0
Balance at Jun. 30, 2024	$ 273,101	$ 12	$ (106,123)	$ 270,455	$ 9,119	$ 99,638	$ 273,101	$ 0
Balance, shares at Jun. 30, 2024		115,771,318

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Cash flows from operating activities:
Net income	$ 14,063	$ 14,479	$ 13,469	$ 11,952
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	33,577	32,837	65,293	61,236
Deferred income taxes			(5,929)	(14,115)
Loss on disposal of assets and impairment charges			3,385	3,278
Foreign currency loss			57	58
Gain from issuance of shares as payment of deferred consideration related to business acquisition (see Note 4)			(2,681)	0
Gain from settlement related to business acquisition (see Note 4)			(6,356)	0
Amortization of deferred financing costs and debt discount			1,332	1,213
Amortization of deferred income			(6,369)	(3,929)
Accretion of asset retirement obligation			1,243	1,118
Non-cash rent			7,171	6,558
Charges to allowance for credit losses			641	573
(Income) loss from equity investment	(28)	27	(50)	63
Share-based compensation			6,113	8,624
Fair value adjustment of financial assets and liabilities			(12,206)	(5,248)
Other operating activities, net			686	976
Changes in assets and liabilities:
Increase in trade receivables			(21,484)	(18,173)
Decrease (Increase) in inventory			2,772	(8,208)
Decrease (Increase) in other assets			5,843	(10,965)
Increase in accounts payable			26,477	14,580
Decrease in other current liabilities			(5,924)	(7,651)
Decrease (Increase) in asset retirement obligation			(120)	46
Increase in non-current liabilities			16,611	4,000
Net cash provided by operating activities			89,974	45,986
Cash flows from investing activities:
Purchase of property and equipment			(48,512)	(50,038)
Purchase of intangible assets			0	(35)
Proceeds from sale of property and equipment			50,295	296,485
Business acquisitions, net of cash			(54,458)	(481,636)
Loans to equity investment, net			28	0
Net cash used in investing activities			(52,647)	(235,224)
Cash flows from financing activities:
Receipt of long-term debt, net			47,556	74,233
Repayment of debt			(13,849)	(10,511)
Principal payments on financing leases			(2,306)	(2,912)
Early settlement of deferred consideration related to business acquisition			(17,155)	0
Proceeds from sale-leaseback			0	80,397
Payment of Ares Put Option			0	(9,808)
Common stock repurchased			(31,989)	(13,563)
Dividends paid on common stock			(7,069)	(7,216)
Dividends paid on redeemable preferred stock			(2,859)	(2,852)
Net cash (used in ) provided by financing activities			(27,671)	107,768
Net increase (decrease) in cash and cash equivalents and restricted cash			9,656	(81,470)
Effect of exchange rate on cash and cash equivalents and restricted cash			(38)	(21)
Cash and cash equivalents and restricted cash, beginning of period			241,421	316,769	$ 316,769
Cash and cash equivalents and restricted cash, end of period	251,039	235,278	251,039	235,278	241,421
Reconciliation of cash and cash equivalents and restricted cash
Cash and cash equivalents, beginning of period			218,120	298,529	298,529
Restricted cash, beginning of period			23,301	18,240	18,240
Cash and cash equivalents, end of period	231,647	220,142	231,647	220,142	218,120
Restricted cash, end of period	19,392	15,136	19,392	15,136	23,301
Cash and cash equivalents and restricted cash, end of period	$ 251,039	$ 235,278	251,039	235,278	$ 241,421
Supplementary cash flow information:
Cash received for interest			3,730	4,274
Cash paid for interest			45,872	38,402
Cash received for taxes			322	512
Cash paid for taxes			2,786	20,845
Supplementary noncash activities:
Prepaid insurance premiums financed through notes payable			7,167	5,619
Purchases of equipment in accounts payable and accrued expenses			13,553	9,367
Purchase of property and equipment under leases			41,104	3,034
Disposals of leases of property and equipment			12,219	2,669
Issuance of shares as payment of deferred consideration related to business acquisition			22,319	0
Deferred consideration related to business acquisition			$ 0	$ 45,845

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 14,063	$ 14,431	$ 13,469	$ 11,851

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

General

General	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
General	1. General ARKO Corp. (the “Company”) is a Delaware corporation whose common stock, par value $ 0.0001 per share (“common stock”), and publicly-traded warrants are listed on the Nasdaq Stock Market (“Nasdaq”) under the symbols “ARKO” and “ARKOW,” respectively. The Company’s operations are primarily performed by its wholly owned subsidiary, GPM Investments, LLC, a Delaware limited liability company (“GPM”). Formed in 2002, GPM is primarily engaged directly and through fully owned and controlled subsidiaries in retail activity, which includes the operations of a chain of convenience stores, most of which include adjacent gas stations. GPM is also engaged in wholesale activity, which includes the supply of fuel to gas stations operated by third-parties and, in fleet fueling, which includes the operation of proprietary and third-party cardlock locations (unstaffed fueling locations) and issuance of proprietary fuel cards that provide customers access to a nationwide network of fueling sites. As of June 30, 2024, GPM’s activity included the operation of 1,548 retail convenience stores, the supply of fuel to 1,794 gas stations operated by dealers and the operation of 294 cardlock locations, in the District of Columbia and throughout more than 30 states in the Mid-Atlantic, Midwestern, Northeastern, Southeastern and Southwestern United States (“U.S.”). The Company has four reportable segments: retail, wholesale, fleet fueling, and GPMP. Refer to Note 12 below for further information with respect to the segments.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation All significant intercompany balances and transactions have been eliminated in the accompanying condensed consolidated financial statements, which are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Interim Financial Statements The accompanying condensed consolidated financial statements (“interim financial statements”) as of June 30, 2024 and for the three and six months ended June 30, 2024 and 2023 are unaudited and have been prepared in accordance with GAAP for interim financial information and Regulation S-X set forth by the Securities and Exchange Commission (the “SEC”) for interim reporting. In the opinion of management, all adjustments (consisting of normal and recurring adjustments except those otherwise described herein) considered necessary for a fair presentation have been included in the accompanying interim financial statements. However, they do not include all of the information and disclosures required by GAAP for complete financial statements. Therefore, the interim financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes of the Company included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (the “annual financial statements”). The same significant accounting policies, presentation and methods of computation have been followed in these interim financial statements as were applied in the preparation of the annual financial statements. Accounting Periods The Company’s fiscal periods end on the last day of the month, and its fiscal year ends on December 31. This results in the Company experiencing fluctuations in current assets and current liabilities due to purchasing and payment patterns which change based upon the day of the week. As a result, working capital can change from period to period not only due to changing business operations, but also due to a change in the day of the week on which a period ends. The Company earns a disproportionate amount of its annual operating income in the second and third quarters as a result of the climate and seasonal buying patterns of its customers. Inclement weather, especially in the Midwest and Northeast regions of the U.S. during the winter months, can negatively impact financial results. Use of Estimates In the preparation of interim condensed consolidated financial statements, management may make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the interim condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include right-of-use assets and lease liabilities; impairment of goodwill, intangible, right-of-use and fixed assets; environmental assets and liabilities; deferred tax assets; and asset retirement obligations. Cash and Cash Equivalents The Company considers all unrestricted highly liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents. Cash and cash equivalents are maintained at several financial institutions, and in order to have sufficient working capital on hand, the Company maintains concentrations of cash at several financial institutions in amounts that are above the FDIC standard deposit insurance limit of $ 250,000 . Revenue Recognition Revenue is recognized when control of the promised goods or services is transferred to the customers. This requires the Company to identify contractual performance obligations and determine whether revenue should be recognized at a single point in time or over time, based on when control of goods and services transfers to a customer. Control is transferred to the customer over time if the customer simultaneously receives and consumes the benefits provided by the Company’s performance. If a performance obligation is not satisfied over time, the Company satisfies the performance obligation at a single point in time. Revenue is recognized in an amount that reflects the consideration to which the Company expects to be entitled in exchange for goods or services. When the Company satisfies a performance obligation by transferring control of goods or services to the customer, revenue is recognized against contract assets in the amount of consideration to which the Company is entitled. When the consideration amount received from the customer exceeds the amounts recognized as revenue, the Company recognizes a contract liability for the excess. An asset is recognized related to the costs incurred to obtain a contract (e.g. sales commissions) if the costs are specifically identifiable to a contract, the costs will result in enhancing resources that will be used in satisfying performance obligations in the future and the costs are expected to be recovered. These capitalized costs are recorded as a part of other current assets and other non-current assets and are amortized on a systematic basis consistent with the pattern of transfer of the goods or services to which such costs relate. The Company expenses the costs to obtain a contract, as and when they are incurred, in cases where the expected amortization period is one year or less. The Company evaluates if it is a principal or an agent in a transaction to determine whether revenue should be recorded on a gross or a net basis. In performing this analysis, the Company considers first whether it controls the goods before they are transferred to the customers and if it has the ability to direct the use of the goods or obtain benefits from them. The Company also considers the following indicators: (1) the primary obligor, (2) the latitude in establishing prices and selecting suppliers, and (3) the inventory risk borne by the Company before and after the goods have been transferred to the customer. When the Company acts as principal, revenue is recorded on a gross basis. When the Company acts as agent, revenue is recorded on a net basis. Refer to Note 12 for disclosure of the revenue disaggregated by segment and product line, as well as a description of the reportable segment operations.

Limited Partnership

Limited Partnership	6 Months Ended
	Jun. 30, 2024
Noncontrolling Interest [Abstract]
Limited Partnership	3. Limited Partnership As of December 31, 2023 , GPM, directly and through certain of its wholly owned subsidiaries, held approximately 99.8 % of the limited partnership interests in the Company’s subsidiary, GPM Petroleum LP (“GPMP”) and all of the rights in the general partner of GPMP. A non-controlling interest had been recorded for the interests owned in GPMP by the seller in the Company’s 2019 acquisition of 64 sites from a third-party (the “Riiser Seller”) and was classified in the consolidated statements of changes in equity as “Non-controlling interests.” At December 31, 2023, the Riiser Seller owed GPM approximately $ 3.375 million with respect to a post-closing adjustment, in addition to other amounts, including interest and expenses. The Riiser Seller satisfied $ 3.0 million of such adjustment by tendering all of its limited partnership units in GPMP to GPM in January 2024. As a result, GPM, directly and through certain of its wholly owned subsidiaries, holds 100 % of the limited partnership interests in GPMP.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2024
Business Combinations [Abstract]
Acquisitions	4. Acquisitions Transit Energy Group, LLC On March 1, 2023 , the Company completed the acquisition of certain assets from Transit Energy Group, LLC and certain of its affiliated entities (collectively, “TEG”) pursuant to a purchase agreement entered on September 9, 2022, as amended (the “TEG Purchase Agreement”), including (i) 135 convenience stores and gas stations, (ii) fuel supply rights to 181 dealer locations, (iii) a commercial, government, and industrial business, including certain bulk plants, and (iv) certain distribution and transportation assets, all in the southeastern United States (the “TEG Acquisition”). The purchase price for the TEG Acquisition was, as of closing, approximately $ 370 million, plus the value of inventory at the closing, of which $ 50 million was to be deferred and payable in two annual payments of $ 25 million (the “Installment Payments”), which the Company was entitled to elect to pay in either cash or, subject to the satisfaction of certain conditions, shares of common stock (the “Installment Shares”), on the first and second anniversaries of the closing. Pursuant to the TEG Purchase Agreement, at closing, ARKO and TEG entered into a registration rights agreement, pursuant to which ARKO agreed to prepare and file a registration statement with the SEC, registering the Installment Shares, if any, for resale by TEG. Pursuant to the TEG Purchase Agreement, on March 1, 2024, the Company issued 3,417,915 Installment Shares to TEG in respect of the first installment payment (the “First Installment Shares”) at a price per share of $ 7.31 , which was based on the 10-day volume weighted average price calculation contained in the TEG Purchase Agreement. As a result, the Company recorded a gain of approximately $ 2.7 million as a component of interest and other financial income in the condensed consolidated statement of operations for the six months ended June 30, 2024. On March 26, 2024, the Company and TEG entered into a second amendment to the TEG Purchase Agreement (the “TEG Purchase Agreement Amendment”), pursuant to which, in full satisfaction of all Installment Payments, (i) the Company repurchased the First Installment Shares from TEG for an aggregate purchase price of approximately $ 19.3 million in cash, or $ 5.66 per share, and (ii) the Company paid to TEG an additional amount in cash equal to approximately $ 17.2 million in satisfaction of the second Installment Payment, which would have otherwise been due on March 1, 2025. The $ 36.5 million was financed with the Capital One Line of Credit (refer to Note 5 below). The TEG Purchase Agreement Amendment additionally terminated the registration rights agreement, terminated TEG’s indemnity obligations under the TEG Purchase Agreement and extended the transition services agreement entered into between the Company and TEG. As a result of this transaction, the Company recorded a net gain of approximately $ 6.4 million, out of which approximately $ 6.5 million was recorded as a component of interest and other financial income in the condensed consolidated statement of operations for the six months ended June 30, 2024. WTG Fuels Holdings, LLC On June 6, 2023 , pursuant to an asset purchase agreement entered on December 6, 2022, certain of the Company’s subsidiaries completed the acquisition of certain assets from WTG Fuels Holdings, LLC and certain other sellers party thereto (collectively, “WTG”), including (i) 24 Uncle’s convenience stores located across Western Texas, and (ii) 68 proprietary GASCARD-branded cardlock sites and 43 private cardlock sites for fleet fueling operations located in Western Texas and Southeastern New Mexico (the “WTG Acquisition”). In the second quarter of 2024, the Company updated the initial accounting treatment of the WTG Acquisition, including the valuation of some of the assets acquired, liabilities assumed and the goodwill resulting from the acquisition. As a result, the Company primarily reduced property and equipment by approximately $ 1.2 million and intangible assets by $ 9.1 million, and increased the deferred tax asset by $ 2.6 million. The adjustments to the assets acquired and liabilities assumed resulted in an increase in goodwill of approximately $ 7.8 million, which was allocated to the GPMP segment attributable to the opportunity to add significant volume to the GPMP segment . These adjustments resulted in a net increase in depreciation and amortization expenses recorded, approximately $ 0.2 million and $ 0.5 million of that related to amounts recorded for the three months ended March 31, 2024 and for the year ended December 31, 2023, respectively. SpeedyQ Acquisition On April 9, 2024, the Company acquired certain assets from a third-party, including 21 SpeedyQ Markets convenience stores and eight additional landbank sites located in Michigan (the “SpeedyQ Acquisition”), pursuant to a purchase agreement entered into on November 21, 2023 (the “SpeedyQ Purchase Agreement”). The consideration at closing was approximately $ 52.5 million as adjusted in accordance with terms of the SpeedyQ Purchase Agreement, plus the value of cash and inventory in the stores on the closing date, of which $ 6.0 million was financed with the Capital One Line of Credit and approximately $ 45.0 million was paid for fee simple ownership in 19 of the properties by an affiliate of Oak Street Real Estate Capital Net Lease Property Fund, LP (including its affiliates, “Oak Street”) under the standby real estate purchase, designation and lease program agreement (the “Program Agreement”) (as further described in Note 8 to the annual financial statements). At the closing, pursuant to the Program Agreement, the Company entered into a master lease with Oak Street for the sites Oak Street acquired under customary lease terms. The Company leases one site from the seller, for which the seller received a put right to require the Company to purchase the site and the Company received a call right to require the seller to sell the site, both for a purchase price of $ 7.0 million, subject to terms set forth in the SpeedyQ Purchase Agreement. The details of the SpeedyQ Acquisition were as follows: Amount (in thousands) Fair value of consideration transferred: Cash $ 4,472 GPMP Capital One Line of Credit 6,000 Payable to seller 371 Consideration provided by Oak Street 45,017 Total consideration $ 55,860 Assets acquired and liabilities: Cash and cash equivalents $ 31 Inventory 3,321 Other assets 266 Property and equipment, net 52,794 Intangible assets 1,050 Right-of-use assets under financing leases 6,905 Environmental receivables 26 Total assets 64,393 Other liabilities ( 367 ) Environmental liabilities ( 39 ) Asset retirement obligations ( 1,255 ) Financing lease liabilities ( 6,872 ) Total liabilities ( 8,533 ) Total identifiable net assets 55,860 Goodwill $ — Consideration paid in cash $ 10,472 Consideration provided by Oak Street 45,017 Less: cash and cash equivalent balances acquired ( 31 ) Net cash outflow $ 55,458 The initial accounting treatment of the SpeedyQ Acquisition reflected in these interim financial statements is provisional because the Company has not yet finalized the initial accounting treatment of this acquisition, including the valuation of some of the assets and liabilities acquired and the goodwill resulting from the SpeedyQ Acquisition, mainly due to the limited period of time between the SpeedyQ Acquisition closing date and the date of these interim financial statements. Therefore, some of the financial information presented with respect to the SpeedyQ Acquisition in these interim financial statements remains subject to change. The Company included identifiable tangible assets and identifiable liabilities in these interim financial statements at their respective fair values based on the information available to the Company’s management on the SpeedyQ Acquisition closing date, including, among other things, a preliminary valuation performed by management and external consultants for this purpose. The useful life of the trade name was estimated at five years. As a result of the initial accounting treatment of the SpeedyQ Acquisition, no goodwill was recorded. Acquisition-related costs of approximately $ 0.9 million and $ 1.2 million have been excluded from the consideration transferred and have been recognized as an expense within other expenses, net in these interim financial statements for the three and six months ended June 30, 2024, respectively. No acquisition-related costs were recognized for the three and six months ended June 30, 2023. Results of operations for the SpeedyQ Acquisition for the period subsequent to the acquisition closing date have been included in these interim financial statements for the three and six months ended June 30, 2024. For the period from the SpeedyQ Acquisition closing date through June 30, 2024, the Company recognized $ 20.3 million in revenues and $ 0.2 million of net loss related to the SpeedyQ Acquisition. Impact of Acquisitions (unaudited) The unaudited supplemental pro forma financial information presented below was prepared based on the historical information of the Company and the acquired operations and gives pro forma effect to the acquisitions using the assumption that the SpeedyQ Acquisition, Speedy’s Acquisition (as further described in Note 4 to the annual financial statements), the WTG Acquisition and the TEG Acquisition, had occurred at the beginning of each period presented below. The unaudited supplemental pro forma financial information does not give effect to the potential impact of current financial conditions, any anticipated synergies, operating efficiencies or cost savings that may result from the acquisitions or any integration costs. The unaudited pro forma financial information is not necessarily indicative of what the actual results of operations would have been had the acquisitions occurred at the beginning of each period presented below nor is it indicative of future results. For the Six Months 2024 2023 (unaudited) (in thousands) Total revenue $ 4,485,398 $ 5,024,201 Net income 13,559 6,822

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	5. Debt The components of debt were as follows: June 30, December 31, (in thousands) Senior Notes $ 444,840 $ 444,432 M&T debt 63,684 65,228 Capital One Line of Credit 375,224 332,027 Insurance premium notes 6,114 3,752 Total debt, net $ 889,862 $ 845,439 Less current portion ( 18,184 ) ( 16,792 ) Total long-term debt, net $ 871,678 $ 828,647 Financing agreement with a syndicate of banks led by Capital One, National Association GPMP has a revolving credit facility with a syndicate of banks led by Capital One, National Association with an aggregate principal amount of availability of $ 800 million (the “Capital One Line of Credit”). At GPMP's request, availability under the Capital One Line of Credit can be increased up to $ 1.0 billion, subject to obtaining additional financing commitments from current lenders or from other banks, subject to certain other terms as detailed in the Capital One Line of Credit. On March 26, 2024, GPMP, Capital One and the guarantors and lenders party thereto entered into an amendment to the Capital One Line of Credit, which facilitated the borrowing and use of up to $ 36.5 million of the Capital One Line of Credit for the settlement of the Installment Payments as provided for in the TEG Purchase Agreement Amendment. The other material terms of the Capital One Line of Credit remain unchanged. M&T Bank Credit Agreement On January 31, 2024, GPM entered into an additional term loan under the credit agreement with M&T Bank for the purchase of real estate for $ 5.1 million, resulting in an aggregate original principal amount of real estate loans of $ 49.5 million as of June 30, 2024 (the “M&T Term Loans”). The Company has granted a mortgage in the real estate of 50 sites and certain fixtures at these and other sites as collateral to support the M&T Term Loans.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	6. Leases As of June 30, 2024 , the Company leased 1,279 of the convenience stores that it operates, 207 dealer locations, 155 cardlock locations and certain office and storage spaces, including land and buildings in certain cases . Most of the lease agreements are for long-term periods, ranging from 15 to 20 years , and generally include several renewal options for extension periods for five to 25 years each. Additionally, the Company leases certain store equipment, office equipment, automatic tank gauges and fuel dispensers. The components of lease cost recorded on the condensed consolidated statements of operations were as follows: For the Three Months For the Six Months 2024 2023 2024 2023 (in thousands) Finance lease cost: Depreciation of right-of-use assets $ 2,530 $ 2,785 $ 4,982 $ 5,638 Interest on lease liabilities 4,353 4,142 8,653 8,304 Operating lease costs included in site operating expenses 47,844 45,752 94,519 87,336 Operating lease costs included in general and administrative 530 587 1,068 1,121 Lease cost related to variable lease payments, short-term 502 711 1,130 1,401 Right-of-use asset impairment charges and loss (gain) on ( 806 ) 1,994 730 1,454 Total lease costs $ 54,953 $ 55,971 $ 111,082 $ 105,254 Supplemental balance sheet data related to leases was as follows: June 30, December 31, (in thousands) Operating leases Assets Right-of-use assets under operating leases $ 1,418,778 $ 1,384,693 Liabilities Operating leases, current portion 68,725 67,053 Operating leases 1,434,238 1,395,032 Total operating leases 1,502,963 1,462,085 Weighted average remaining lease term (in years) 14.1 14.0 Weighted average discount rate 7.7 % 7.8 % Financing leases Assets Right-of-use assets $ 217,405 $ 215,174 Accumulated amortization ( 57,125 ) ( 52,506 ) Right-of-use assets under financing leases, net 160,280 162,668 Liabilities Financing leases, current portion 10,856 9,186 Financing leases 211,760 213,032 Total financing leases 222,616 222,218 Weighted average remaining lease term (in years) 20.8 21.2 Weighted average discount rate 7.9 % 7.9 % As of June 30, 2024 , maturities of lease liabilities for operating lease obligations and financing lease obligations having an initial or remaining non-cancellable lease terms in excess of one year set forth in the table below. The minimum lease payments presented below include periods for which an option is reasonably certain to be exercised and do not take into consideration any future consumer price index adjustments that may become applicable under these agreements. Operating Financing (in thousands) July 2024 through June 2025 $ 180,168 $ 27,738 July 2025 through June 2026 180,907 21,374 July 2026 through June 2027 178,938 21,228 July 2027 through June 2028 177,375 28,208 July 2028 through June 2029 174,212 21,310 Thereafter 1,658,032 388,413 Gross lease payments $ 2,549,632 $ 508,271 Less: imputed interest ( 1,046,669 ) ( 285,655 ) Total lease liabilities $ 1,502,963 $ 222,616

Financial Derivative Instrument

Financial Derivative Instruments	6 Months Ended
	Jun. 30, 2024
Financial Derivative Instruments [Abstract]
Financial Derivative Instruments	7. Financial Derivative Instruments The Company makes limited use of derivative instruments (futures contracts) to manage certain risks related to diesel fuel prices. The Company does not hold any derivatives for speculative purposes, and it does not use derivatives with leveraged or complex features. The Company currently uses derivative instruments that are traded primarily over national exchanges such as the New York Mercantile Exchange (“NYMEX”). For accounting purposes, the Company has designated its derivative contracts as fair value hedges of firm commitments. As of June 30, 2024 and December 31, 2023 , the Company had fuel futures contracts to hedge approximately 1.7 million gallons and 1.2 million gallons, respectively, of diesel fuel for which the Company had a firm commitment to purchase. As of both June 30, 2024 and December 31, 2023, the Company had an asset derivative with a fair value of approximately $ 0.1 million recorded in other current assets and a firm commitment with a fair value of approximately $ 0.1 million recorded in other current liabilities on the condensed consolidated balance sheets. As of June 30, 2024 and December 31, 2023, there was $ 0.1 million and $ 0 , respectively, of cash collateral provided to counterparties that was classified as restricted cash on the condensed consolidated balance sheet. All cash flows associated with purchasing and selling fuel derivative instruments are classified as other operating activities, net in the condensed consolidated statements of cash flows.

Equity

Equity	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Equity	8. Equity The Company’s board of directors (the “Board”) declared, and the Company paid, dividends of $ 0.03 per share of common stock on each of March 21, 2024 and May 31, 2024, totaling ap proximately $ 7.1 million for the six months ended June 30, 2024. The amount and timing of dividends payable on the common stock are within the sole discretion of the Board, which will evaluate dividend payments within the context of the Company’s overall capital allocation strategy on an ongoing basis, giving consideration to its current and forecasted earnings, financial condition, cash requirements and other factors. As a result of the aggregate amount of dividends paid on the common stock through June 30, 2024, the conversion price of the Company’ s Series A convertible preferred stock has been adjusted from $ 12.00 to $ 11.73 per share, as were the threshold share prices in the Deferred Shares agreement (as defined in Note 17 to the annual financial statements ). T he Board declared a quarterly dividend of $ 0.03 per share of common stock to be paid on August 30, 2024 to stockholders of record as of August 19, 2024. In February 2022, the Board authorized a share repurchase program, and in May 2023 and May 2024 increased the amount authorized to be repurchased, for up to an aggr egate of $ 125.0 million of outstanding shares of common stock. The share repurchase program does not have an expiration date. During the six months ended June 30, 2024, inclusive of the repurchase of the First Installment Shares from TEG, the Company repurchased approximately 4.8 million shares of common stock under the share repurchase program for approximately $ 28.3 million , or an average price of $ 5.89 per share. No shares of common stock were repurchased during the three months ended June 30, 2024 under the share repurchase program. As of June 30, 2024, there was $ 25.7 million remaining under the share repurchase program.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	9. Share-Based Compensation The Compensation Committee of the Board has approved the grant of non-qualified stock options, restricted stock units (“RSUs”), and shares of common stock to certain employees, non-employees and members of the Board under the ARKO Corp. 2020 Incentive Compensation Plan (as amended, the “Plan”). At the Company’s 2024 annual meeting of stockholders held on June 6, 2024, the Company’s stockholders approved an increase in the total number of shares of common stock authorized for issuance under the Plan from 12.4 million shares to 23.8 million shares. Stock options granted under the Plan expire no later than ten years from the date of grant and the exercise price may not be less than the fair market value of the underlying shares on the date of grant. Vesting periods are assigned to stock options and RSUs on a grant-by-grant basis at the discretion of the Board. The Company issues new shares of common stock upon exercise of stock options and vesting of RSUs. Additionally, a non-employee director may receive RSUs in lieu of up to 100 % of his or her cash fees, which vest immediately and will be settled in common stock upon the director’s departure from the Board or an earlier change in control of the Company. Stock Options During the six months ended June 30, 2024 , 447 thousand stock options vested. There was no other activity related to stock options during the six months ended June 30, 2024. As of June 30, 2024, total unrecognized compensation cost related to unvested stock options was approximately $ 1.0 million , which is expected to be recognized over a weighted average period of approximately 1.4 years. Restricted Stock Units The following table summarizes share activity related to RSUs: Restricted Stock Units Weighted Average Grant Date Fair Value (in thousands) Nonvested RSUs, December 31, 2023 3,869 $ 8.65 Granted 3,335 5.91 Released ( 1,604 ) 8.88 Forfeited ( 107 ) 5.63 Performance-based share adjustment ( 607 ) 7.50 Nonvested RSUs, June 30, 2024 4,886 $ 6.92 During the six months ended June 30, 2024, 186,982 RSUs were issued to non-employee directors. These awards are included in the table above under both Granted and Released RSUs. In addition to the Nonvested RSUs shown in the table above, there were 440,532 and 303,850 RSUs issued to non-employee directors outstanding as of June 30, 2024 and December 31, 2023, respectively. The fair value of RSUs released during the six months ended June 30, 2024 was approximately $ 12.0 million . During the six months ended June 30, 2024, the Company granted 2,021,193 performance-based RSUs (“PSUs”), which, subject to achieving certain performance criteria, could result in the issuance of up to 3,031,790 shares of common stock (representing 150 % of the number of PSUs granted) . The PSUs were awarded to certain members of senior management and cliff vest at the end of a three-year period, subject to the achievement of specific performance criteria measured over such period. The number of PSUs that will ultimately vest is contingent upon the recipient continuing to be in the continuous service of the Company and related entities through the last day of the performance period and a certification by the Compensation Committee of the Board that the applicable performance criteria have been met. The Company assesses the probability of achieving the performance criteria on a quarterly basis. I n the first quarter of 2024, the Compensation Committee of the Board approved the performance criteria for the performance period ended December 31, 2023 such that the percentage of PSUs that vested with respect to the target amount for the 2021 PSU grants was 100 %. In the second quarter of 2024, the number of PSUs was adjusted for the probability of achieving the performance criteria, resulting in the recording of a reduction of expense of approximately $ 1.9 million in the three and six months ended June 30, 2024 based on the grant date fair value. As of June 30, 2024, total unrecognized compensation cost related to RSUs and PSUs was approximately $ 22.6 million , which is expected to be recognized over a weighted average period of approximately 2.1 years. Share-Based Compensation Cost Total share-based compensation cost recorded for employees, non-employees and members of the Board for the three and six months ended June 30, 2024 and 2023 was $ 2.8 million , $ 4.6 million , $ 6.1 million and $ 8.6 million , respectively, and included in general and administrative expenses on the condensed consolidated statements of operations.

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	10. Earnings per Share The following table sets forth the computation of basic and diluted net income per share of common stock: For the Three Months For the Six Months 2024 2023 2024 2023 (in thousands) Net income available to common stockholders $ 12,618 $ 12,997 $ 10,610 $ 8,999 Weighted average common shares outstanding — Basic 115,758 119,893 116,512 120,073 Effect of dilutive securities: RSUs 1,122 1,387 561 694 Weighted average common shares outstanding — Diluted 116,880 121,280 117,073 120,767 Net income per share available to common stockholders — $ 0.11 $ 0.11 $ 0.09 $ 0.07 Net income per share available to common stockholders — $ 0.11 $ 0.11 $ 0.09 $ 0.07 The following potential shares of common stock have been excluded from the computation of diluted net income per share because their effect would have been antidilutive: As of June 30, 2024 2023 (in thousands) Stock options 1,306 1,306 Ares warrants 1,100 1,100 Public and Private warrants 17,333 17,333 Series A redeemable preferred stock 8,525 8,439 Ares Put Option — * * See Note 10 to the annual financial statements.

Fair Value Measurements and Fin

Fair Value Measurements and Financial Instruments	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements and Financial Instruments	11. Fair Value Measurements and Financial Instruments The fair value of cash and cash equivalents, restricted cash, short-term investments, trade receivables, accounts payable and other current liabilities approximated their carrying values as of June 30, 2024 and December 31, 2023 primarily due to the short-term maturity of these instruments. On October 21, 2021, the Company completed a private offering of $ 450 million aggregate principal amount of 5.125 % Senior Notes due in November 2029 (the “Senior Notes”). Based on market trades of the Senior Notes close to June 30, 2024 and December 31, 2023 (Level 1 fair value measurement), the fair value of the Senior Notes was estimated at approximately $ 390.9 million and $ 391.8 million , respectively, compared to a gross carrying value of $ 450 million at both June 30, 2024 and December 31, 2023. The fair values of the other long-term debt approximated their respective carrying values as of June 30, 2024 and December 31, 2023 due to the frequency with which interest rates are reset based on changes in prevailing interest rates. The fair value of fuel futures contracts was determined using NYMEX quoted values. The contingent consideration from the acquisition of the business of Empire Petroleum Partners, LLC in 2020 is measured at fair value at the end of each reporting period and amounted to $ 3.3 million and $ 3.4 million as of June 30, 2024 and December 31, 2023, respectively. The fair value methodology for the contingent consideration liability is categorized as Level 3 because inputs to the valuation methodology are unobservable and significant to the fair value adjustment. Approximately $ 0.1 million , $ 0.1 million , $ 0.2 million and $ 0.2 million was recorded as components of interest and other financial expenses in the condensed consolidated statements of operations for the change in the fair value of the contingent consideration for the three and six months ended June 30, 2024 and 2023, respectively, and approximately $ 0.3 million , $ 0.9 million , $ 0.3 million and $ 1.6 million of income were recorded as components of other expenses, net in the condensed consolidated statements of operations for the three and six months ended June 30, 2024 and 2023, respectively. The public warrants to purchase the Company’s common stock (the “Public Warrants”), of which approximately 14.8 million were outstanding as of June 30, 2024, are measured at fair value at the end of each reporting period and amounted to $ 6.0 million and $ 16.3 million as of June 30, 2024 and December 31, 2023, respectively. The fair value methodology for the Public Warrants is categorized as Level 1. Approximately $ 1.3 million , $ 0 , $ 10.3 million and $ 3.8 million were recorded as components of interest and other financial income in the condensed consolidated statements of operations for the change in the fair value of the Public Warrants for the three and six months ended June 30, 2024 and 2023, respectively. The private warrants to purchase the Company’s common stock (the “Private Warrants”), of which approximately 2.5 million were outstanding as of June 30, 2024, are measured at fair value at the end of each reporting period and amounted to $ 0.9 million and $ 2.5 million as of June 30, 2024 and December 31, 2023 , respectively. The fair value methodology for the Private Warrants is categorized as Level 2 because certain inputs to the valuation methodology are unobservable and significant to the fair value adjustment. The Private Warrants have been recorded at fair value based on a Black-Scholes option pricing model with the following material assumptions based on observable and unobservable inputs: June 30, Expected term (in years) 1.5 Expected dividend rate 1.9 % Volatility 46.0 % Risk-free interest rate 4.9 % Strike price $ 11.50 For the change in the fair value of the Private Warrants, approximately $ 0 , $ 0.1 million , $ 1.5 million and $ 1.1 million were recorded as components of interest and other financial income in the condensed consolidated statements of operations for the three and six months ended June 30, 2024 and 2023, respectively. The founders of Haymaker (as defined in Note 11 to the annual financial statements) will be entitled to up to 200 thousand shares of common stock to be issued subject to the number of incremental shares of common stock issued to the holders of the Series A redeemable preferred stock not being higher than certain thresholds (the “Additional Deferred Shares”). The Additional Deferred Shares are measured at fair value at the end of each reporting period and amounted to $ 1.0 million and $ 1.3 million as of June 30, 2024 and December 31, 2023 , respectively. The fair value methodology for the Additional Deferred Shares is categorized as Level 3 because inputs to the valuation methodology are unobservable and significant to the fair value adjustment. The Additional Deferred Shares have been recorded at fair value based on a Monte Carlo pricing model with the following material assumptions based on observable and unobservable inputs: June 30, Expected term (in years) 2.9 Volatility 38.9 % Risk-free interest rate 4.5 % Stock price $ 6.27 For the change in the fair value of the Additional Deferred Shares, approximately $( 0.1 ) million , $ 0.1 million , $ 0.3 million and $ 0.1 million were recorded as components of interest and other financial (expense) income in the condensed consolidated statements of operations for the three and six months ended June 30, 2024 and 2023 , respectively.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Reporting	12. Segment Reporting The reportable segments were determined based on information reviewed by the chief operating decision maker for operational decision-making purposes, and the segment information is prepared on the same basis that the Company’s chief operating decision maker reviews such financial information. The Company’s reportable segments are retail, wholesale, fleet fueling and GPMP. The Company’s chief operating decision maker (“CODM”) utilizes operating income from each segment to assess its operating performance and to make decisions about allocating resources to each segment. The retail segment includes the operation of a chain of retail stores, which includes convenience stores selling fuel products and other merchandise to retail customers. At its retail convenience stores, the Company owns the merchandise and fuel inventory and employs personnel to manage the store. The wholesale segment supplies fuel to dealers, sub-wholesalers and bulk and spot purchasers, on either a cost plus or consignment basis. For consignment arrangements, the Company retains ownership of the fuel inventory at the site, is responsible for the pricing of the fuel to the end consumer, and shares the gross profit with the dealers. The fleet fueling segment includes the operation of proprietary and third-party cardlock locations (unstaffed fueling locations), and commissions from the sales of fuel using proprietary fuel cards that provide customers access to a nationwide network of fueling sites. The GPMP segment includes GPMP and includes its sale and supply of fuel to substantially all of GPM’s sites that sell fuel in the retail and wholesale segments, at GPMP’s cost of fuel (including taxes and transportation) plus a fixed margin (currently 5.0 cents per gallon), and charges a fixed fee primarily to sites in the fleet fueling segment which are not supplied by GPMP (currently 5.0 cents per gallon sold). GPMP also supplies fuel to a limited number of dealers and bulk purchasers. The “All Other” segment includes the results of non-reportable segments which do not meet both quantitative and qualitative criteria as defined under ASC 280, Segment Reporting. The majority of general and administrative expenses, depreciation and amortization, net other expenses, net interest and other financial expenses, income taxes and minor other income items including intercompany operating leases are not allocated to the segments. With the exception of goodwill, assets and liabilities relevant to the reportable segments are generally not assigned to any particular segment, but rather, managed and reviewed by the CODM at the consolidated level. All reportable segment revenues were generated from sites within the U.S. and substantially all of the Company’s assets were within the U.S. Inter-segment transactions primarily included the distribution of fuel by GPMP to substantially all of GPM’s sites that sell fuel (both in the retail and wholesale segments) and charges by GPMP primarily to sites that sell fuel in the fleet fueling segment which are not supplied by GPMP. The effect of these inter-segment transactions was eliminated in the condensed consolidated financial statements. Retail Wholesale Fleet Fueling GPMP All Other Total For the Three Months Ended June 30, 2024 (in thousands) Revenues Fuel revenue $ 976,372 $ 762,693 $ 140,140 $ 990 $ 7,336 $ 1,887,531 Merchandise revenue 474,248 — — — — 474,248 Other revenues, net 16,735 6,850 2,284 222 293 26,384 Total revenues from external $ 1,467,355 $ 769,543 $ 142,424 $ 1,212 $ 7,629 $ 2,388,163 Inter-segment revenues $ — $ — $ — $ 1,282,870 $ 4,886 $ 1,287,756 Operating income (loss) from $ 73,823 $ 9,131 $ 11,833 $ 25,756 $ ( 383 ) $ 120,160 Interest and financial expenses, net $ ( 8,583 ) $ ( 8,583 ) Income from equity investment $ 28 $ 28 Retail Wholesale Fleet Fueling GPMP All Other Total For the Three Months Ended June 30, 2023 (in thousands) Revenues Fuel revenue $ 1,015,365 $ 811,139 $ 121,146 $ 1,057 $ 8,393 $ 1,957,100 Merchandise revenue 484,561 — — — — 484,561 Other revenues, net 18,997 6,110 1,676 277 420 27,480 Total revenues from external $ 1,518,923 $ 817,249 $ 122,822 $ 1,334 $ 8,813 $ 2,469,141 Inter-segment revenues $ — $ — $ — $ 1,366,786 $ 4,545 $ 1,371,331 Operating income from segments $ 77,857 $ 6,767 $ 9,344 $ 27,008 $ 138 $ 121,114 Interest and financial expenses, net $ ( 6,840 ) $ ( 6,840 ) Loss from equity investment $ ( 27 ) $ ( 27 ) Retail Wholesale Fleet Fueling GPMP All Other Total For the Six Months Ended June 30, 2024 (in thousands) Revenues Fuel revenue $ 1,800,800 $ 1,427,207 $ 272,333 $ 2,195 $ 16,328 $ 3,518,863 Merchandise revenue 888,903 — — — — 888,903 Other revenues, net 33,414 13,708 4,669 429 631 52,851 Total revenues from external $ 2,723,117 $ 1,440,915 $ 277,002 $ 2,624 $ 16,959 $ 4,460,617 Inter-segment revenues $ — $ — $ — $ 2,385,411 $ 10,139 $ 2,395,550 Operating income (loss) from $ 107,590 $ 16,091 $ 19,810 $ 49,083 $ ( 385 ) $ 192,189 Interest and financial expenses, net $ ( 15,111 ) $ ( 15,111 ) Income from equity investment $ 50 $ 50 Retail Wholesale Fleet Fueling GPMP All Other Total For the Six Months Ended June 30, 2023 (in thousands) Revenues Fuel revenue $ 1,858,838 $ 1,495,987 $ 248,640 $ 1,798 $ 13,501 $ 3,618,764 Merchandise revenue 884,849 — — — — 884,849 Other revenues, net 37,552 12,601 2,627 447 677 53,904 Total revenues from external $ 2,781,239 $ 1,508,588 $ 251,267 $ 2,245 $ 14,178 $ 4,557,517 Inter-segment revenues $ — $ — $ — $ 2,509,408 $ 7,603 $ 2,517,011 Operating income from segments $ 119,488 $ 14,317 $ 17,768 $ 49,630 $ 462 $ 201,665 Interest and financial expenses, net $ ( 12,090 ) $ ( 12,090 ) Loss from equity investment $ ( 63 ) $ ( 63 ) A reconciliation of operating income from reportable segments to consolidated income before income taxes on the condensed consolidated statements of operations is as follows: For the Three Months For the Six Months 2024 2023 2024 2023 (in thousands) Operating income from reportable segments $ 120,543 $ 120,976 $ 192,574 $ 201,203 All other operating (loss) income ( 383 ) 138 ( 385 ) 462 Interest and other financial expenses, net ( 8,583 ) ( 6,840 ) ( 15,111 ) ( 12,090 ) Amounts not allocated to segments: Site operating expenses ( 3,582 ) ( 3,604 ) ( 6,932 ) ( 6,281 ) General and administrative expenses ( 41,635 ) ( 41,879 ) ( 82,832 ) ( 81,523 ) Depreciation and amortization ( 31,734 ) ( 30,995 ) ( 61,606 ) ( 57,552 ) Other expenses, net ( 261 ) ( 4,956 ) ( 2,737 ) ( 7,676 ) Interest and other financial expenses, net ( 12,784 ) ( 13,320 ) ( 8,713 ) ( 21,672 ) Income before income taxes $ 21,581 $ 19,520 $ 14,258 $ 14,871

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	13. Commitments and Contingencies Environmental Liabilities and Contingencies The Company is subject to certain federal and state environmental laws and regulations associated with sites at which it stores and sells fuel and other fuel products, as well as at owned and leased locations leased or subleased to dealers. As of June 30, 2024 and December 31, 2023, environmental obligations totaled $ 12.1 million and $ 13.4 million , respectively. These amounts were recorded as other current and non-current liabilities in the condensed consolidated balance sheets. Environmental reserves have been established on an undiscounted basis based upon internal and external estimates in regard to each site. It is reasonably possible that these amounts will be adjusted in the future due to changes in estimates of environmental remediation costs, the timing of the payments or changes in federal and/or state environmental regulations. The Company maintains certain environmental insurance policies and participates in various state underground storage tank funds that entitle it to be reimbursed for environmental loss mitigation. Estimated amounts that will be recovered from its insurance policies and various state funds for the exposures totaled $ 6.9 million and $ 7.5 million as of June 30, 2024 and December 31, 2023, respectively, and were recorded as other current and non-current assets in the condensed consolidated balance sheets. Asset Retirement Obligation As part of the fuel operations at its retail convenience stores and proprietary cardlock locations, at most of the other owned and leased locations leased to dealers, certain other dealer locations and private cardlock locations, there are aboveground and underground storage tanks for which the Company is responsible. The future cost to remove a storage tank is recognized over the estimated remaining useful life of the storage tank or the termination of the applicable lease. A liability for the fair value of an asset retirement obligation with a corresponding increase to the carrying value of the related long-lived asset is recorded at the time a storage tank is installed. The estimated liability is based upon historical experience in removing storage tanks, estimated tank useful lives, external estimates as to the cost to remove the tanks in the future and current and anticipated federal and state regulatory requirements governing the removal of tanks, and discounted. The Company has recorded an asset retirement obligation of $ 87.6 million and $ 85.4 million at June 30, 2024 and December 31, 2023, respectively. The current portion of the asset retirement obligation is included in other current liabilities in the condensed consolidated balance sheets. Potential Wage and Hour Class Action A law firm representing store managers in multiple states sent the Company a letter, alleging that the Company violated the Fair Labor Standards Act and state laws by classifying certain store managers as exempt from overtime. The Company has entered into a tolling agreement with opposing counsel to provide the Company with sufficient time to investigate the allegations. The letter did not quantify any alleged damages but stated that the store managers would seek class certification. Given the uncertainty of the result of any litigation, the undetermined nature of the number of class members, and the fact the Company has not yet fully investigated the allegations, the Company cannot reasonably estimate the possible loss or range of loss, if any, that may result from this action; therefore, no accrual has been made related to this matter. Other Legal Matters The Company is a party to various legal actions, as both plaintiff and defendant, in the ordinary course of business. The Company’s management believes, based on estimations with support from legal counsel for these matters, that these legal actions are routine in nature and incidental to the operation of the Company’s business and that it is not reasonably probable that the ultimate resolution of these matters will have a material adverse impact on the Company’s business, financial condition, results of operations and cash flows.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	14. Related Party Transactions There have been no material changes to the description of related party transactions as set forth in the annual financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis for Presentation	Basis of Presentation All significant intercompany balances and transactions have been eliminated in the accompanying condensed consolidated financial statements, which are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Interim Financial Statements The accompanying condensed consolidated financial statements (“interim financial statements”) as of June 30, 2024 and for the three and six months ended June 30, 2024 and 2023 are unaudited and have been prepared in accordance with GAAP for interim financial information and Regulation S-X set forth by the Securities and Exchange Commission (the “SEC”) for interim reporting. In the opinion of management, all adjustments (consisting of normal and recurring adjustments except those otherwise described herein) considered necessary for a fair presentation have been included in the accompanying interim financial statements. However, they do not include all of the information and disclosures required by GAAP for complete financial statements. Therefore, the interim financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes of the Company included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (the “annual financial statements”). The same significant accounting policies, presentation and methods of computation have been followed in these interim financial statements as were applied in the preparation of the annual financial statements.
Accounting Periods	Accounting Periods The Company’s fiscal periods end on the last day of the month, and its fiscal year ends on December 31. This results in the Company experiencing fluctuations in current assets and current liabilities due to purchasing and payment patterns which change based upon the day of the week. As a result, working capital can change from period to period not only due to changing business operations, but also due to a change in the day of the week on which a period ends. The Company earns a disproportionate amount of its annual operating income in the second and third quarters as a result of the climate and seasonal buying patterns of its customers. Inclement weather, especially in the Midwest and Northeast regions of the U.S. during the winter months, can negatively impact financial results.
Use of Estimates	Use of Estimates In the preparation of interim condensed consolidated financial statements, management may make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the interim condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include right-of-use assets and lease liabilities; impairment of goodwill, intangible, right-of-use and fixed assets; environmental assets and liabilities; deferred tax assets; and asset retirement obligations.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all unrestricted highly liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents. Cash and cash equivalents are maintained at several financial institutions, and in order to have sufficient working capital on hand, the Company maintains concentrations of cash at several financial institutions in amounts that are above the FDIC standard deposit insurance limit of $ 250,000 .
Revenue Recognition	Revenue Recognition Revenue is recognized when control of the promised goods or services is transferred to the customers. This requires the Company to identify contractual performance obligations and determine whether revenue should be recognized at a single point in time or over time, based on when control of goods and services transfers to a customer. Control is transferred to the customer over time if the customer simultaneously receives and consumes the benefits provided by the Company’s performance. If a performance obligation is not satisfied over time, the Company satisfies the performance obligation at a single point in time. Revenue is recognized in an amount that reflects the consideration to which the Company expects to be entitled in exchange for goods or services. When the Company satisfies a performance obligation by transferring control of goods or services to the customer, revenue is recognized against contract assets in the amount of consideration to which the Company is entitled. When the consideration amount received from the customer exceeds the amounts recognized as revenue, the Company recognizes a contract liability for the excess. An asset is recognized related to the costs incurred to obtain a contract (e.g. sales commissions) if the costs are specifically identifiable to a contract, the costs will result in enhancing resources that will be used in satisfying performance obligations in the future and the costs are expected to be recovered. These capitalized costs are recorded as a part of other current assets and other non-current assets and are amortized on a systematic basis consistent with the pattern of transfer of the goods or services to which such costs relate. The Company expenses the costs to obtain a contract, as and when they are incurred, in cases where the expected amortization period is one year or less. The Company evaluates if it is a principal or an agent in a transaction to determine whether revenue should be recorded on a gross or a net basis. In performing this analysis, the Company considers first whether it controls the goods before they are transferred to the customers and if it has the ability to direct the use of the goods or obtain benefits from them. The Company also considers the following indicators: (1) the primary obligor, (2) the latitude in establishing prices and selecting suppliers, and (3) the inventory risk borne by the Company before and after the goods have been transferred to the customer. When the Company acts as principal, revenue is recorded on a gross basis. When the Company acts as agent, revenue is recorded on a net basis. Refer to Note 12 for disclosure of the revenue disaggregated by segment and product line, as well as a description of the reportable segment operations.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2024
Business Acquisition [Line Items]
Summary of Pro Forma Results of Operations	The unaudited pro forma financial information is not necessarily indicative of what the actual results of operations would have been had the acquisitions occurred at the beginning of each period presented below nor is it indicative of future results. For the Six Months 2024 2023 (unaudited) (in thousands) Total revenue $ 4,485,398 $ 5,024,201 Net income 13,559 6,822
SpeedyQ Acquisition [Member]
Business Acquisition [Line Items]
Summary of Details of Business Combination	The details of the SpeedyQ Acquisition were as follows: Amount (in thousands) Fair value of consideration transferred: Cash $ 4,472 GPMP Capital One Line of Credit 6,000 Payable to seller 371 Consideration provided by Oak Street 45,017 Total consideration $ 55,860 Assets acquired and liabilities: Cash and cash equivalents $ 31 Inventory 3,321 Other assets 266 Property and equipment, net 52,794 Intangible assets 1,050 Right-of-use assets under financing leases 6,905 Environmental receivables 26 Total assets 64,393 Other liabilities ( 367 ) Environmental liabilities ( 39 ) Asset retirement obligations ( 1,255 ) Financing lease liabilities ( 6,872 ) Total liabilities ( 8,533 ) Total identifiable net assets 55,860 Goodwill $ — Consideration paid in cash $ 10,472 Consideration provided by Oak Street 45,017 Less: cash and cash equivalent balances acquired ( 31 ) Net cash outflow $ 55,458

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The components of debt were as follows: June 30, December 31, (in thousands) Senior Notes $ 444,840 $ 444,432 M&T debt 63,684 65,228 Capital One Line of Credit 375,224 332,027 Insurance premium notes 6,114 3,752 Total debt, net $ 889,862 $ 845,439 Less current portion ( 18,184 ) ( 16,792 ) Total long-term debt, net $ 871,678 $ 828,647

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Summary of components of lease cost recorded on the consolidated statements of operations	The components of lease cost recorded on the condensed consolidated statements of operations were as follows: For the Three Months For the Six Months 2024 2023 2024 2023 (in thousands) Finance lease cost: Depreciation of right-of-use assets $ 2,530 $ 2,785 $ 4,982 $ 5,638 Interest on lease liabilities 4,353 4,142 8,653 8,304 Operating lease costs included in site operating expenses 47,844 45,752 94,519 87,336 Operating lease costs included in general and administrative 530 587 1,068 1,121 Lease cost related to variable lease payments, short-term 502 711 1,130 1,401 Right-of-use asset impairment charges and loss (gain) on ( 806 ) 1,994 730 1,454 Total lease costs $ 54,953 $ 55,971 $ 111,082 $ 105,254
Summary of supplemental balance sheet date related to leases	Supplemental balance sheet data related to leases was as follows: June 30, December 31, (in thousands) Operating leases Assets Right-of-use assets under operating leases $ 1,418,778 $ 1,384,693 Liabilities Operating leases, current portion 68,725 67,053 Operating leases 1,434,238 1,395,032 Total operating leases 1,502,963 1,462,085 Weighted average remaining lease term (in years) 14.1 14.0 Weighted average discount rate 7.7 % 7.8 % Financing leases Assets Right-of-use assets $ 217,405 $ 215,174 Accumulated amortization ( 57,125 ) ( 52,506 ) Right-of-use assets under financing leases, net 160,280 162,668 Liabilities Financing leases, current portion 10,856 9,186 Financing leases 211,760 213,032 Total financing leases 222,616 222,218 Weighted average remaining lease term (in years) 20.8 21.2 Weighted average discount rate 7.9 % 7.9 %
Schedule of Operating & Finance Leases, Liability, Maturity	The minimum lease payments presented below include periods for which an option is reasonably certain to be exercised and do not take into consideration any future consumer price index adjustments that may become applicable under these agreements. Operating Financing (in thousands) July 2024 through June 2025 $ 180,168 $ 27,738 July 2025 through June 2026 180,907 21,374 July 2026 through June 2027 178,938 21,228 July 2027 through June 2028 177,375 28,208 July 2028 through June 2029 174,212 21,310 Thereafter 1,658,032 388,413 Gross lease payments $ 2,549,632 $ 508,271 Less: imputed interest ( 1,046,669 ) ( 285,655 ) Total lease liabilities $ 1,502,963 $ 222,616

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Restricted Stock Units Activity	The following table summarizes share activity related to RSUs: Restricted Stock Units Weighted Average Grant Date Fair Value (in thousands) Nonvested RSUs, December 31, 2023 3,869 $ 8.65 Granted 3,335 5.91 Released ( 1,604 ) 8.88 Forfeited ( 107 ) 5.63 Performance-based share adjustment ( 607 ) 7.50 Nonvested RSUs, June 30, 2024 4,886 $ 6.92

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Loss Per Share of Common Stock	The following table sets forth the computation of basic and diluted net income per share of common stock: For the Three Months For the Six Months 2024 2023 2024 2023 (in thousands) Net income available to common stockholders $ 12,618 $ 12,997 $ 10,610 $ 8,999 Weighted average common shares outstanding — Basic 115,758 119,893 116,512 120,073 Effect of dilutive securities: RSUs 1,122 1,387 561 694 Weighted average common shares outstanding — Diluted 116,880 121,280 117,073 120,767 Net income per share available to common stockholders — $ 0.11 $ 0.11 $ 0.09 $ 0.07 Net income per share available to common stockholders — $ 0.11 $ 0.11 $ 0.09 $ 0.07
Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share	The following potential shares of common stock have been excluded from the computation of diluted net income per share because their effect would have been antidilutive: As of June 30, 2024 2023 (in thousands) Stock options 1,306 1,306 Ares warrants 1,100 1,100 Public and Private warrants 17,333 17,333 Series A redeemable preferred stock 8,525 8,439 Ares Put Option — *

Fair Value Measurements and F_2

Fair Value Measurements and Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Private Warrants [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair Value Measurement Inputs and Valuation Techniques	The Private Warrants have been recorded at fair value based on a Black-Scholes option pricing model with the following material assumptions based on observable and unobservable inputs: June 30, Expected term (in years) 1.5 Expected dividend rate 1.9 % Volatility 46.0 % Risk-free interest rate 4.9 % Strike price $ 11.50
Deferred Shares [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair Value Measurement Inputs and Valuation Techniques	The Additional Deferred Shares have been recorded at fair value based on a Monte Carlo pricing model with the following material assumptions based on observable and unobservable inputs: June 30, Expected term (in years) 2.9 Volatility 38.9 % Risk-free interest rate 4.5 % Stock price $ 6.27

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Reportable Segments	Inter-segment transactions primarily included the distribution of fuel by GPMP to substantially all of GPM’s sites that sell fuel (both in the retail and wholesale segments) and charges by GPMP primarily to sites that sell fuel in the fleet fueling segment which are not supplied by GPMP. The effect of these inter-segment transactions was eliminated in the condensed consolidated financial statements. Retail Wholesale Fleet Fueling GPMP All Other Total For the Three Months Ended June 30, 2024 (in thousands) Revenues Fuel revenue $ 976,372 $ 762,693 $ 140,140 $ 990 $ 7,336 $ 1,887,531 Merchandise revenue 474,248 — — — — 474,248 Other revenues, net 16,735 6,850 2,284 222 293 26,384 Total revenues from external $ 1,467,355 $ 769,543 $ 142,424 $ 1,212 $ 7,629 $ 2,388,163 Inter-segment revenues $ — $ — $ — $ 1,282,870 $ 4,886 $ 1,287,756 Operating income (loss) from $ 73,823 $ 9,131 $ 11,833 $ 25,756 $ ( 383 ) $ 120,160 Interest and financial expenses, net $ ( 8,583 ) $ ( 8,583 ) Income from equity investment $ 28 $ 28 Retail Wholesale Fleet Fueling GPMP All Other Total For the Three Months Ended June 30, 2023 (in thousands) Revenues Fuel revenue $ 1,015,365 $ 811,139 $ 121,146 $ 1,057 $ 8,393 $ 1,957,100 Merchandise revenue 484,561 — — — — 484,561 Other revenues, net 18,997 6,110 1,676 277 420 27,480 Total revenues from external $ 1,518,923 $ 817,249 $ 122,822 $ 1,334 $ 8,813 $ 2,469,141 Inter-segment revenues $ — $ — $ — $ 1,366,786 $ 4,545 $ 1,371,331 Operating income from segments $ 77,857 $ 6,767 $ 9,344 $ 27,008 $ 138 $ 121,114 Interest and financial expenses, net $ ( 6,840 ) $ ( 6,840 ) Loss from equity investment $ ( 27 ) $ ( 27 ) Retail Wholesale Fleet Fueling GPMP All Other Total For the Six Months Ended June 30, 2024 (in thousands) Revenues Fuel revenue $ 1,800,800 $ 1,427,207 $ 272,333 $ 2,195 $ 16,328 $ 3,518,863 Merchandise revenue 888,903 — — — — 888,903 Other revenues, net 33,414 13,708 4,669 429 631 52,851 Total revenues from external $ 2,723,117 $ 1,440,915 $ 277,002 $ 2,624 $ 16,959 $ 4,460,617 Inter-segment revenues $ — $ — $ — $ 2,385,411 $ 10,139 $ 2,395,550 Operating income (loss) from $ 107,590 $ 16,091 $ 19,810 $ 49,083 $ ( 385 ) $ 192,189 Interest and financial expenses, net $ ( 15,111 ) $ ( 15,111 ) Income from equity investment $ 50 $ 50 Retail Wholesale Fleet Fueling GPMP All Other Total For the Six Months Ended June 30, 2023 (in thousands) Revenues Fuel revenue $ 1,858,838 $ 1,495,987 $ 248,640 $ 1,798 $ 13,501 $ 3,618,764 Merchandise revenue 884,849 — — — — 884,849 Other revenues, net 37,552 12,601 2,627 447 677 53,904 Total revenues from external $ 2,781,239 $ 1,508,588 $ 251,267 $ 2,245 $ 14,178 $ 4,557,517 Inter-segment revenues $ — $ — $ — $ 2,509,408 $ 7,603 $ 2,517,011 Operating income from segments $ 119,488 $ 14,317 $ 17,768 $ 49,630 $ 462 $ 201,665 Interest and financial expenses, net $ ( 12,090 ) $ ( 12,090 ) Loss from equity investment $ ( 63 ) $ ( 63 )
Schedule of Reconciliation of Operating Income from Reportable Segments to Consolidated Income Before Income Taxes	A reconciliation of operating income from reportable segments to consolidated income before income taxes on the condensed consolidated statements of operations is as follows: For the Three Months For the Six Months 2024 2023 2024 2023 (in thousands) Operating income from reportable segments $ 120,543 $ 120,976 $ 192,574 $ 201,203 All other operating (loss) income ( 383 ) 138 ( 385 ) 462 Interest and other financial expenses, net ( 8,583 ) ( 6,840 ) ( 15,111 ) ( 12,090 ) Amounts not allocated to segments: Site operating expenses ( 3,582 ) ( 3,604 ) ( 6,932 ) ( 6,281 ) General and administrative expenses ( 41,635 ) ( 41,879 ) ( 82,832 ) ( 81,523 ) Depreciation and amortization ( 31,734 ) ( 30,995 ) ( 61,606 ) ( 57,552 ) Other expenses, net ( 261 ) ( 4,956 ) ( 2,737 ) ( 7,676 ) Interest and other financial expenses, net ( 12,784 ) ( 13,320 ) ( 8,713 ) ( 21,672 ) Income before income taxes $ 21,581 $ 19,520 $ 14,258 $ 14,871

General - Additional Informatio

General - Additional Information (Details)	6 Months Ended
	Jun. 30, 2024 Sites States $ / shares	Dec. 31, 2023 $ / shares
General [Abstract]
Number of self operated sites	1,548
Number of Sites Operated By External Operators (dealers)	1,794
Number of cardlock sites	294
Number of states | States	30
Common stock par value | $ / shares	$ 0.0001	$ 0.0001

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Accounting Policies [Abstract]
FDIC amount	$ 250,000
Contract cost, amortization period	1 year

Limited Partnership Additional

Limited Partnership Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Jun. 30, 2024	Jan. 31, 2024
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Payment to purchase of units			$ 3,000
Amount of GPM with respect to post closing adjustment and other amounts including interest and expenses	$ 3,375
Ownership [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Minority interest ownership percentage	99.80%
GPM [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Minority interest ownership percentage		100%

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) $ / shares in Units, $ in Thousands						3 Months Ended			6 Months Ended		12 Months Ended
	Apr. 09, 2024 USD ($) Store	Mar. 26, 2024 USD ($) $ / shares	Mar. 01, 2024 $ / shares shares	Jun. 06, 2023 Sites Store	Mar. 01, 2023 USD ($)	Jun. 30, 2024 USD ($) Store Dealer	Mar. 31, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) Store Dealer	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Business Acquisition [Line Items]
Goodwill						$ 299,972			$ 299,972		$ 292,173
Depreciation and amortization expenses						33,577		$ 32,837	65,293	$ 61,236
Interest and other financial income						$ 3,384		$ 2,428	$ 25,297	$ 9,630
Transit Energy Group [Member]
Business Acquisition [Line Items]
Date of acquisition agreement					Mar. 01, 2023
Number of convenience stores | Store						135			135
Number of dealer locations to be acquired | Dealer						181			181
Business combination purchase price					$ 370,000
Deferred consideration					50,000
Deferred consideration annual installment amount					$ 25,000
Shares issued for acquisition | shares			3,417,915
Price per share of deferred consideration annual installment | $ / shares			$ 7.31
Gain loss from issuance of shares related to business acquisition									$ 2,700
TEG Purchase Agreement [Member]
Business Acquisition [Line Items]
Stock repurchased during period from TEG		$ 19,300
Common stock value per share repurchased during period from TEG | $ / shares		$ 5.66
Gain loss from early settlement of deferred consideration									6,400
Interest and other financial income									6,500
WTG Fuels Holdings [Member]
Business Acquisition [Line Items]
Date of acquisition agreement				Jun. 06, 2023
Number of convenience stores | Store				24
Business Combination Number Of FleetFueling Cardlocksites acquired | Sites				68
Business combination number of private cardlocksites acquired | Sites				43
Property and equipment						$ 1,200			1,200
Intangible assets						9,100			9,100
Deferred tax asset						2,600			2,600
Goodwill, period increase (decrease)						7,800
Depreciation and amortization expenses							$ 200				$ 500
SpeedyQ Acquisition [Member]
Business Acquisition [Line Items]
Date of acquisition agreement	Nov. 21, 2023
Property and equipment	$ 52,794
Intangible assets	1,050
Goodwill	$ 0					0			0
Acquisition related cost recognized as other (income) expenses						$ 900			1,200
Number of operating sites | Store	21
Number of landbank sites acquired | Store	8
Revenue through closing date of acquisition till period end date									20,300
Net loss through acquisition date till period end date									$ 200
Consideration amount	$ 52,500
Business combination purchase price	$ 45,017
Number of sites leased | Store	19
Site put/call purchase price	$ 7,000
Capital One Line of credit [Member] | TEG Purchase Agreement [Member]
Business Acquisition [Line Items]
Amount financed with capital one line of credit		$ 36,500
Capital One Line of credit [Member] | SpeedyQ Acquisition [Member]
Business Acquisition [Line Items]
Amount financed with capital one line of credit	$ 6,000
Second Installment [Member] | TEG Purchase Agreement [Member]
Business Acquisition [Line Items]
Business combination deferred consideration annual installment 2 amount		$ 17,200

Acquisitions - Summary of Detai

Acquisitions - Summary of Details of Business Combination (Details) - USD ($) $ in Thousands		6 Months Ended
	Apr. 09, 2024	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill		$ 299,972		$ 292,173
Net cash outflow		54,458	$ 481,636
SpeedyQ Acquisition [Member]
Business Acquisition [Line Items]
Cash	$ 4,472
GPMP Capital One Line of Credit	6,000
Payable to seller	371
Consideration provided by Oak Street	45,017
Total consideration	55,860
Cash and cash equivalents	31
Inventory	3,321
Other assets	266
Property and equipment, net	52,794
Intangible assets	1,050
Right-of-use assets under financing leases	6,905
Environmental receivables	26
Total assets	64,393
Other liabilities	(367)
Environmental liabilities	(39)
Asset retirement obligations	(1,255)
Financing lease liabilities	(6,872)
Total liabilities	(8,533)
Total identifiable net assets	55,860
Goodwill	0	$ 0
Consideration paid in cash	10,472
Less: cash and cash equivalent balances acquired	(31)
Net cash outflow	$ 55,458

Acquisitions - Summary of Pro F

Acquisitions - Summary of Pro Forma Results of Operations (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Business Combinations [Abstract]
Total revenue	$ 4,485,398	$ 5,024,201
Net income	$ 13,559	$ 6,822

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Capital One Line of Credit	$ 375,224	$ 332,027
Insurance premium notes	6,114	3,752
Total debt, net	889,862	845,439
Less current portion	(18,184)	(16,792)
Total long-term debt, net	871,678	828,647
Senior Notes [Member]
Debt Instrument [Line Items]
Total debt, net	444,840	444,432
M&T Debt [Member]
Debt Instrument [Line Items]
Total debt, net	$ 63,684	$ 65,228

Debt - Additional Information (

Debt - Additional Information (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Mar. 26, 2024 USD ($)	Jan. 31, 2024 USD ($) Sites	Dec. 31, 2023 USD ($)
Line of Credit Facility [Line Items]
Capital One Line of Credit	$ 375,224			$ 332,027
Agreement With M&T Bank [Member]
Line of Credit Facility [Line Items]
Debt instrument face amount			$ 5,100
Number of real estate | Sites			50
GPM [Member] | Real Estate Loan [Member] | Agreement With M&T Bank [Member]
Line of Credit Facility [Line Items]
Debt instrument face amount	49,500
Revolving Credit Facility [Member] | Gpmp
Line of Credit Facility [Line Items]
Capital One Line of Credit	800,000
Line of Credit	$ 1,000,000
Line of credit		$ 36,500

Leases - Additional Information

Leases - Additional Information (Details)	6 Months Ended
	Jun. 30, 2024 Cardlock Dealer Store
Lessee, Lease, Description [Line Items]
Leases description	the Company leased 1,279 of the convenience stores that it operates, 207 dealer locations, 155 cardlock locations and certain office and storage spaces, including land and buildings in certain cases
Number of leased convenience stores | Store	1,279
Number of leased dealer locations | Dealer	207
Number of leased cardlock locations | Cardlock	155
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lease agreements period	20 years
Lease renewal terms	25 years
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lease agreements period	15 years
Lease renewal terms	5 years

Leases - Summary of components

Leases - Summary of components of lease cost recorded on the consolidated statements of operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Finance lease cost:
Depreciation of right-of-use assets	$ 2,530	$ 2,785	$ 4,982	$ 5,638
Interest on lease liabilities	4,353	4,142	8,653	8,304
Operating lease costs included in site operating expenses	47,844	45,752	94,519	87,336
Operating lease costs included in general and administrative expenses	530	587	1,068	1,121
Lease cost related to variable lease payments, short-term leases and leases of low value assets	502	711	1,130	1,401
Right-of-use asset impairment charges and loss (gain) on disposals of leases	(806)	1,994	730	1,454
Total lease costs	$ 54,953	$ 55,971	$ 111,082	$ 105,254

Leases - Summary of supplementa

Leases - Summary of supplemental balance sheet data related to leases (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Right Of Use Assets	$ 1,418,778	$ 1,384,693
Liabilities
Operating leases, current portion	68,725	67,053
Operating leases	1,434,238	1,395,032
Total operating leases	$ 1,502,963	$ 1,462,085
Weighted average remaining lease term (in years)	14 years 1 month 6 days	14 years
Weighted average discount rate	7.70%	7.80%
Assets
Right-of-use assets	$ 217,405	$ 215,174
Accumulated amortization	(57,125)	(52,506)
Right-of-use assets under financing leases, net	160,280	162,668
Liabilities
Financing leases, current portion	10,856	9,186
Financing leases	211,760	213,032
Total financing leases	$ 222,616	$ 222,218
Weighted average remaining lease term (in years)	20 years 9 months 18 days	21 years 2 months 12 days
Weighted average discount rate	7.90%	7.90%

Leases - Schedule of Operating

Leases - Schedule of Operating & Finance Leases, Liability, Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Operating
July 2024 through June 2025	$ 180,168
July 2025 through June 2026	180,907
July 2026 through June 2027	178,938
July 2027 through June 2028	177,375
July 2028 through June 2029	174,212
Thereafter	1,658,032
Gross lease payments	2,549,632
Less: imputed interest	(1,046,669)
Total lease liabilities	1,502,963	$ 1,462,085
Financing
July 2024 through June 2025	27,738
July 2025 through June 2026	21,374
July 2026 through June 2027	21,228
July 2027 through June 2028	28,208
July 2028 through June 2029	21,310
Thereafter	388,413
Gross lease payments	508,271
Less: imputed interest	(285,655)
Total lease liabilities	$ 222,616	$ 222,218

Financial Derivative Instrume_2

Financial Derivative Instruments (Additional Information) (Details) $ in Thousands, Gallons in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) Gallons	Dec. 31, 2023 USD ($) Gallons
Financial Derivative Instruments [Abstract]
Fuel gallons hedged | Gallons	1.7	1.2
Assets derivative fair value	$ 100	$ 100
Firm commitment fair value	100	100
Cash collateral provided to counter parties	$ 100	$ 0

Equity - Additional Information

Equity - Additional Information (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Aug. 30, 2024	May 31, 2024	Mar. 21, 2024	May 31, 2023
Class of Stock [Line Items]
Dividend payable nature		quarterly
Declared dividend per share			$ 0.03	$ 0.03	$ 0.03
Dividend	$ 7,100,000	$ 7,100,000
Authorized amount of share repurchase program				$ 125,000,000		$ 125,000,000
Treasury stock shares, acquired	0	4,800,000
Treasury stock value acquired cost method		$ 28,300,000
Average price per share		5.89
Remaining share repurchase amount	$ 25,700,000	$ 25,700,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Conversion price previously reported		$ 12
Conversion price	$ 11.73	$ 11.73

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares authorized	23,800,000		23,800,000		12,400,000
Maximum Defer Cash Fee Invested In Restricted Stock Units Percentage			100%
Stock options vested			447,000
Terms of Agreement			3 years
Share-based compensation			$ 6,113	$ 8,624
Unrecognized compensation cost	$ 1,000		$ 1,000
Unrecognized compensation cost, weighted average period			1 year 4 months 24 days
RSU released			$ 12,000
Common stock shares issued	130,153,836		130,153,836		125,268,525
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding, Shares	4,886,000		4,886,000		3,869,000
Granted			3,335,000
Restricted Stock Units (RSUs) | Non-employee Directors
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding, Shares	440,532		440,532		303,850
Granted			186,982
Performance based Restricted Stock Units (PSU's)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted			2,021,193
Percentage of units granted out of the target amount			100%
Proportion of performance shares on common stock issue			150%
Reduction of expense	$ 1,900		$ 1,900
Performance based Restricted Stock Units (PSU's) | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock shares issued			3,031,790
Restricted Stock Units (RSUs) and Performance Stock Units (PSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost	22,600		$ 22,600
Unrecognized compensation cost, weighted average period			2 years 1 month 6 days
Employees, Non-employees And Board of Directors | General and Administrative Expense
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 2,800	$ 6,100	$ 4,600	$ 8,600

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member] shares in Thousands	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Nonvested RSUs, December 31, 2023 | shares	3,869
Granted | shares	3,335
Released | shares	(1,604)
Forfeited | shares	(107)
Performance-based share adjustment | shares	(607)
Nonvested RSUs, June 30, 2024 | shares	4,886
Weighted Average Grant Date Fair Value, December 31, 2023 | $ / shares	$ 8.65
Weighted Average, Granted | $ / shares	5.91
Weighted Average, Released | $ / shares	8.88
Weighted Average, Forfeited | $ / shares	5.63
Weighted Average, Performance-based share adjustment | $ / shares	7.5
Weighted Average Grant Date Fair Value, June 30, 2024 | $ / shares	$ 6.92

Earnings per Share - Computatio

Earnings per Share - Computation of Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net income available to common stockholders	$ 12,618	$ 12,997	$ 10,610	$ 8,999
Weighted average common shares outstanding — Basic	115,758	119,893	116,512	120,073
Effect of dilutive securities:
Restricted share units	$ 1,122	$ 1,387	$ 561	$ 694
Weighted average common shares outstanding — Diluted	116,880	121,280	117,073	120,767
Net income per share available to common stockholders - Basic	$ 0.11	$ 0.11	$ 0.09	$ 0.07
Net income per share available to common stockholders - Diluted	$ 0.11	$ 0.11	$ 0.09	$ 0.07

Earnings per Share - Schedule o

Earnings per Share - Schedule of Securities with Antidilutive Earnings Per Share (Details) - shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Employee Stock Option
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of diluted earnings per share (in shares)	1,306,000	1,306,000
Ares warrants [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of diluted earnings per share (in shares)	1,100,000	1,100,000
Public and Private warrants [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of diluted earnings per share (in shares)	17,333,000	17,333,000
Series A redeemable preferred stock [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of diluted earnings per share (in shares)	8,525,000	8,439,000
Ares Put Option [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of diluted earnings per share (in shares)	0

Fair Value Measurements and F_3

Fair Value Measurements and Financial Instruments - Additional Information (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Oct. 21, 2021
Fair Value Measurements [Line Items]
Change in fair value of Contingent Consideration	$ 0.3	$ 0.9	$ 0.3	$ 1.6
Fair Value Adjustment of Additional Deferred Shares	(0.1)	0.1	0.3	0.1
Fair value adjustment of contingent consideration	0.1	0.1	0.2	0.2
Senior Notes [Member]
Fair Value Measurements [Line Items]
Senior Notes, Noncurrent						$ 450
Debt instrument, interest rate, stated percentage						5.125%
Fair value of bonds	390.9		390.9		$ 391.8
Long-Term Debt, Gross	450		450		450
Level 3 [Member]
Fair Value Measurements [Line Items]
Contingent payments related to acquisitions	$ 3.3		$ 3.3		3.4
Public Warrants [Member]
Fair Value Measurements [Line Items]
Warrants to purchase common stock	14,800		14,800
Public warrants liability fair value adjustment	$ 1.3	0	$ 10.3	3.8
Public Warrants [Member] | Level 1 [Member]
Fair Value Measurements [Line Items]
Fair value of warrants	6		6		16.3
Private Warrants [Member]
Fair Value Measurements [Line Items]
Private warrants liability fair value adjustment	$ 0	$ 0.1	$ 1.5	$ 1.1
Warrants to purchase common stock	2,500		2,500
Private Warrants [Member] | Level 2 [Member]
Fair Value Measurements [Line Items]
Fair value of warrants	$ 0.9		$ 0.9		2.5
Deferred Shares [Member]
Fair Value Measurements [Line Items]
Warrants to purchase common stock	200		200
Additional Deferred Shares [Member]
Fair Value Measurements [Line Items]
Fair Value of Deferred Shares classified as liabilities, value	$ 1		$ 1		$ 1.3

Fair Value Measurements and F_4

Fair Value Measurements and Financial Instruments - Fair Value Material Assumptions Based on Observable and Unobservable Inputs (Details)	6 Months Ended
	Jun. 30, 2024 yr $ / shares
Expected Dividend Rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	1.9
Private Warrants [Member] | Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Strike price | $ / shares	$ 11.5
Private Warrants [Member] | Level 2 [Member] | Expected term (in years) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input | yr	1.5
Private Warrants [Member] | Level 2 [Member] | Volatility [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	46
Private Warrants [Member] | Level 2 [Member] | Risk-free interest rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	4.9
Additional Deferred Stock [Member] | Level 3 [Member] | Expected term (in years) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input | yr	2.9
Additional Deferred Stock [Member] | Level 3 [Member] | Volatility [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	38.9
Additional Deferred Stock [Member] | Level 3 [Member] | Risk-free interest rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	4.5
Additional Deferred Stock [Member] | Level 3 [Member] | Stock price [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Strike price | $ / shares	$ 6.27

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	6 Months Ended
	Jun. 30, 2024 $ / gal
Segment Reporting [Abstract]
Fixed margin	5

Segment Reporting - Schedule of

Segment Reporting - Schedule of Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Operating income (loss) from segments	$ 120,160	$ 121,114	$ 192,189	$ 201,665
Interest and financial expenses, net	(8,583)	(6,840)	(15,111)	(12,090)
Income (loss) from equity investment	28	(27)	50	(63)
Operating Segments
Segment Reporting Information [Line Items]
Total revenues	2,388,163	2,469,141	4,460,617	4,557,517
Interest and financial expenses, net	(8,583)	(6,840)	(15,111)	(12,090)
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	1,287,756	1,371,331	2,395,550	2,517,011
Retail
Segment Reporting Information [Line Items]
Operating income (loss) from segments	73,823	77,857	107,590	119,488
Retail | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	1,467,355	1,518,923	2,723,117	2,781,239
Retail | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Wholesale
Segment Reporting Information [Line Items]
Operating income (loss) from segments	9,131	6,767	16,091	14,317
Wholesale | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	769,543	817,249	1,440,915	1,508,588
Wholesale | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Fleet Fueling
Segment Reporting Information [Line Items]
Operating income (loss) from segments	11,833	9,344	19,810	17,768
Fleet Fueling | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	142,424	122,822	277,002	251,267
Fleet Fueling | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Gpmp
Segment Reporting Information [Line Items]
Operating income (loss) from segments	25,756	27,008	49,083	49,630
Interest and financial expenses, net	(8,583)	(6,840)	(15,111)	(12,090)
Gpmp | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	1,212	1,334	2,624	2,245
Gpmp | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	1,282,870	1,366,786	2,385,411	2,509,408
Other Segments
Segment Reporting Information [Line Items]
Operating income (loss) from segments	(383)	138	(385)	462
Income (loss) from equity investment	28	(27)	50	(63)
Other Segments | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	7,629	8,813	16,959	14,178
Other Segments | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	4,886	4,545	10,139	7,603
Fuel Revenue [Member]
Segment Reporting Information [Line Items]
Total revenues	1,887,531	1,957,100	3,518,863	3,618,764
Fuel Revenue [Member] | Retail
Segment Reporting Information [Line Items]
Total revenues	976,372	1,015,365	1,800,800	1,858,838
Fuel Revenue [Member] | Wholesale
Segment Reporting Information [Line Items]
Total revenues	762,693	811,139	1,427,207	1,495,987
Fuel Revenue [Member] | Fleet Fueling
Segment Reporting Information [Line Items]
Total revenues	140,140	121,146	272,333	248,640
Fuel Revenue [Member] | Gpmp
Segment Reporting Information [Line Items]
Total revenues	990	1,057	2,195	1,798
Fuel Revenue [Member] | Other Segments
Segment Reporting Information [Line Items]
Total revenues	7,336	8,393	16,328	13,501
Merchandise Revenue [Member]
Segment Reporting Information [Line Items]
Total revenues	474,248	484,561	888,903	884,849
Merchandise Revenue [Member] | Retail
Segment Reporting Information [Line Items]
Total revenues	474,248	484,561	888,903	884,849
Merchandise Revenue [Member] | Wholesale
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Merchandise Revenue [Member] | Fleet Fueling
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Merchandise Revenue [Member] | Gpmp
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Merchandise Revenue [Member] | Other Segments
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Other Revenues, Net
Segment Reporting Information [Line Items]
Total revenues	26,384	27,480	52,851	53,904
Other Revenues, Net | Retail
Segment Reporting Information [Line Items]
Total revenues	16,735	18,997	33,414	37,552
Other Revenues, Net | Wholesale
Segment Reporting Information [Line Items]
Total revenues	6,850	6,110	13,708	12,601
Other Revenues, Net | Fleet Fueling
Segment Reporting Information [Line Items]
Total revenues	2,284	1,676	4,669	2,627
Other Revenues, Net | Gpmp
Segment Reporting Information [Line Items]
Total revenues	222	277	429	447
Other Revenues, Net | Other Segments
Segment Reporting Information [Line Items]
Total revenues	$ 293	$ 420	$ 631	$ 677

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Operating Income from Reportable Segments to Consolidated Income Before Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Information [Line Items]
All other operating (expense) income	$ (261)	$ (4,956)	$ (2,737)	$ (7,676)
Interest and other financial expenses, net	(8,583)	(6,840)	(15,111)	(12,090)
Income (loss) from equity investment	28	(27)	50	(63)
Site operating expenses	223,691	218,002	442,622	410,685
General and administrative expenses	42,436	42,660	84,594	83,076
Depreciation and amortization	33,577	32,837	65,293	61,236
Other expenses, net	(261)	(4,956)	(2,737)	(7,676)
Operating Segments
Segment Information [Line Items]
Operating income from reportable segments.	120,543	120,976	192,574	201,203
All other operating (expense) income	(383)	138	(385)	462
Interest and other financial expenses, net	(8,583)	(6,840)	(15,111)	(12,090)
Other expenses, net	(383)	138	(385)	462
Amounts not allocated to segments [Member]
Segment Information [Line Items]
All other operating (expense) income	(261)	(4,956)	(2,737)	(7,676)
Site operating expenses	(3,582)	(3,604)	(6,932)	(6,281)
General and administrative expenses	(41,635)	(41,879)	(82,832)	(81,523)
Depreciation and amortization	(31,734)	(30,995)	(61,606)	(57,552)
Other expenses, net	(261)	(4,956)	(2,737)	(7,676)
Interest and other financial expenses, net	(12,784)	(13,320)	(8,713)	(21,672)
Income before income taxes	$ 21,581	$ 19,520	$ 14,258	$ 14,871

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Environmental obligations	$ 12.1	$ 13.4
Estimated amount recoverable	6.9	7.5
Asset retirement obligation	$ 87.6	$ 85.4