Parkland Corporation

PKI

Equity

ISIN CA70137W1086 / Valor 54803261

Toronto Stock Exchange (2024-12-24)

CAD 32.91+1.51%

Parkland Corporation
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About company

Parkland Corporation is a leading international fuel distributor, marketer, and convenience retailer, operating across 26 countries in the Americas. The company caters to over one million customers daily through its extensive network of approximately 4,000 retail and commercial locations in Canada, the United States, and the Caribbean region. Parkland's business model encompasses serving the fuel and convenience needs of everyday consumers as well as providing industrial fuels to businesses, thereby facilitating their operations. The company has developed robust supply, distribution, and trading capabilities, aiming to offer competitive pricing, reliable service, and a compelling loyalty program to ensure customer loyalty. Parkland's strategy focuses on leveraging its Customer Advantage and Supply Advantage to achieve the lowest cost to serve among independent fuel marketers and distributors, particularly in challenging markets. Through strategic acquisitions, organic growth, and a commitment to developing high-quality assets, Parkland seeks to meet evolving customer needs and position itself effectively for the future.

Summarized from source with an LLMView SourceSector: Energy

Revenue Growth

Parkland Corporation reported a significant increase in revenue for Q2 2024, reaching $6.5 billion, up from $6.4 billion in Q4 2023. This growth was driven by higher sales volumes and improved pricing strategies across its various business segments.

Net Income

For Q2 2024, Parkland Corporation's net income stood at $327 million, a notable improvement compared to $250 million in Q4 2023. The increase in net income was attributed to operational efficiencies and cost management initiatives.

Adjusted EBITDA

Parkland Corporation's Adjusted EBITDA for Q2 2024 was $504 million, up from $463 million in Q4 2023. This increase reflects the company's strong performance in its core markets and successful integration of recent acquisitions.

Dividends

In Q2 2024, Parkland Corporation declared a quarterly dividend of $0.32 per share, consistent with the previous quarter. The company continues to prioritize returning value to shareholders through regular dividend payments.

Outlook

Parkland Corporation has provided a positive outlook for the remainder of 2024, expecting continued revenue growth and profitability. The company plans to focus on expanding its market presence and enhancing operational efficiencies to drive future performance.

Summarized from source with an LLMView Source

Key figures

-23.6%1Y

-4.30%3Y

-32.0%5Y

Performance

21.9%1Y

26.6%3Y

34.6%5Y

Volatility