Canadian fuel refiner and retailer Parkland's Q3 revenue beats estimates

Overview

• Parkland Q3 revenue of C$7.35 bln beats analyst expectations

• Adjusted EBITDA for Q3 2025 beats estimates, reaching C$540 mln

• Sunoco transaction expected to close on October 31, 2025

Outlook

• Parkland on track to meet midpoint of 2025 Adjusted EBITDA guidance of C$1.8 to C$2.1 bln

• Parkland shares to be delisted from TSX; SunocoCorp Units to trade on NYSE Nov 3

Result Drivers

• REFINING MARGINS - Higher refining margins and strong utilization at Burnaby Refinery boosted results

• CANADA SEGMENT - Stronger fuel unit margins and marketing initiatives in Canada drove growth

• INTERNATIONAL GROWTH - Volume growth in retail and commercial businesses supported International segment

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the oil & gas refining and marketing peer group is "hold."

• Wall Street's median 12-month price target for Parkland Corp is C$44.00, about 7.6% above its October 24 closing price of C$40.65

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nCNWt28jfa

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