Fortune has released the results for its annual Fortune 500 list, which this year included six significant players in the c-store industry. The companies that were recognized include ARKO Corp., Casey’s, Murphy USA, Delek, Global Partners and Par Pacific.
The yearly ranking highlights companies based on total revenue in the U.S.
Murphy USA
Murphy USA came in at No. 231 this year after a “strong performance” in 2024, the company’s CEO Andrew Clyde noted in its 2024 earnings report.
Murphy reported a net income of $502.5 million, with the company notching 4.8 billion gallons of gas sold. The company saw a notable uptick in merchandise contribution dollars for the year, marking an increase of 3.8% to $833.7 million.
The company also repurchased slightly more than 938,000 shares for a total of $446.6 million.
“Murphy USA’s strong performance in 2024 demonstrates the resilience, durability and effectiveness of our advantaged business model,” said Clyde at the time of the report. “Strength in our core areas, particularly our fuel and nicotine categories, continued to drive significant value, with retail fuel margins up 50 basis points year-over-year, despite lower volatility and a flatter price profile. Total merchandise margin dollars increased nearly 4% year-over-year, despite challenges in our Northeast market especially for food retailers.”
Additionally, Clyde noted, Murphy USA accelerated its new-store activity in 2024, completing 32 new-to-industry (NTI) and 47 raze and rebuilds, while increasing its growth trajectory as it focuses on long-term growth opportunities.
“Looking ahead, we remain committed to organic growth in attractive markets, leveraging our strengths and capabilities to take share, and investing in innovation to deliver exceptional value to our customers,” he continued. “With our balanced capital allocation strategy, we expect to grow our advantaged position while continuing to deliver on our track record of exceptional shareholder returns.”
Global Partners
2024 was a transformative year for Global Partners, according to president and CEO Eric Slifka. The company came in at No. 244 on this year’s list.
For the full year, Global reported a net income of $110.3 million, with an EBITDA of $389.4 million. Additionally, the company more than doubled its terminal count and capacity, integrating 30 additional terminals and increasing its total storage capacity by 12.1 million barrels.
“The acquisition of 25 terminals in December 2023 extended our network into Maryland, the Carolinas, Georgia, Florida and Texas, expanding our operations to 18 states,” Slifka said. “This acquisition also included a significant 25-year take-or-pay contract with Motiva, a subsidiary of Saudi Aramco. In April 2024, we further strengthened our Northeast presence with the acquisition and integration of four additional terminals. In November, we expanded again, acquiring a 959,730-barrel liquid energy terminal in East Providence, Rhode Island, enhancing our capacity to handle larger cargo-sized vessels.”
Slifka noted that Global is well-positioned to seize growth opportunities and create long-term value for shareholders.
Casey’s
Ankeny, Iowa-based Casey’s took the No. 297 slot on this year’s list following “another record year,” the retailer noted in its earnings report.
“The company delivered exceptional results in the first year of our three-year strategic plan, and our team continues to focus on executing the plan at a high level and delivering great results to our shareholders,” the report continued.
Throughout 2024, net income and EBITDA grew at 12% and 11% respectively, with EBITDA eclipsing the $1 billion mark for the first time in company history.
Casey’s accelerated its food business with numerous menu additions and, including thin crust pizza and a crispy chicken sandwich line.
“This showed up in the financial results, with inside same-store sales up 4.4%, paced by prepared food and dispensed beverage same-store sales up 6.8%,” the company noted.
Notably, Casey’s grew significantly during 2024, adding 154 stores via new builds and acquisitions. It also entered its 17th state, Texas, with a 22-store acquisition of Lone Star Food Stores.
“We are pacing ahead of our commitment of adding at least 350 units by the end of fiscal 2026, and our strong balance sheet and ability to integrate has us on a path to achieve this goal,” the report continued.
Delek
Delek touted 2024 as a transformation year, during which the company overcame some “challenging market conditions.” On this year’s list, Delek came in at No. 336.
President and CEO Avigal Soreq noted that Delek has made significant progress in achieving its Sum of Parts goals and improving the overall profitability of the company.
“We have already made significant progress towards our goals of increasing the profitability of the company by $100 million and now expect to be at the high end of original target run-rate in (the second half of 2025),” said Soreq. “Delek Logistics is also a completely different company versus where it started the year. On a pro-forma basis, (about) 70% of its cash flows will be coming from third-party sources.”
“Looking ahead, we will continue to execute on our priorities of running safe and reliable operations, and making further progress on midstream de-consolidation, our EOP efforts and delivering shareholder value while maintaining our financial strength and flexibility,” Soreq concluded.
Par Pacific (474)
Par Pacific, claiming the No. 474 slot, executed several strategic initiatives in 2024. Despite a challenging financial year, the company reported a record annual retail and logistics segment adjusted EBITDA, and repurchased 5 million common shares.
“Our 2024 results underscore our strategic diversification with strong contribution from Hawaii Refining and record profitability in our Retail and Logistics segments,” said Will Monteleone, president and CEO. “Completing the Montana turnaround prior to the summer driving season and starting up our capital efficient Hawaii Sustainable Aviation Fuel project position us for earnings growth.”
ARKO Corp.
ARKO was ranked No. 488 on the 2025 Fortune 500 list, marking its fourth consecutive year on the list.
In 2024, ARKO began development of a multi-year transformation plan. As part of the plan, the company converted 153 company operated stores to dealer sites, while making strategic investments in its retail segment in high-growth areas, including foodservice and other tobacco products.
Since its founding in 2003, ARKO has grown from 169 stores to nearly 3,600 locations. The company is comprised of approximately 1,330 company-operated stores, more than 1,960 independent dealer sites to which it supplies fuel and approximately 280 unmanned fleet fueling locations.
“We are proud to be recognized by Fortune for our leadership for the fourth consecutive year,” said Arie Kotler, chairman, president and CEO of ARKO Corp. “We believe this accomplishment is a testament to the strength of our business model and the team’s ability to focus on customer engagement and delivering value to our customers. We remain committed to further laying the foundation for continued long-term growth, driving further value to our customers and optimizing our store portfolio.”
