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Parkland Fuel Corp (PKI.TO)

PKI.TO on Toronto Stock Exchange

41.11CAD
23 Aug 2019
Change (% chg)

$-1.39 (-3.27%)
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$42.50
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$41.02
Volume
352,918
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$47.45
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$31.59

Latest Key Developments (Source: Significant Developments)

Parkland Fuel Corp Reports Q2 Earnings Per Share C$0.72
Friday, 2 Aug 2019 

Aug 1 (Reuters) - Parkland Fuel Corp ::PARKLAND FUEL CORPORATION ANNOUNCES RECORD 2019 SECOND QUARTER RESULTS AND INCREASES ITS 2019 ADJUSTED EBITDA GUIDANCE RANGE TO $1.165 BILLION ± 5%.Q2 EARNINGS PER SHARE C$0.72.Q2 EARNINGS PER SHARE ESTIMATE C$0.46 -- REFINITIV IBES DATA.QTRLY SALES AND OPERATING REVENUE $4,854 MILLION VERSUS $3,783 MILLION.Q2 REVENUE VIEW C$4.51 BILLION -- REFINITIV IBES DATA.CONTINUES TO EXPECT ABOUT $200 MILLION OF GROWTH CAPITAL EXPENDITURES, $200 MILLION OF MAINTENANCE CAPITAL EXPENDITURES IN 2019.SEES 2019 ADJUSTED EBITDA ATTRIBUTABLE TO PARKLAND, WHICH INCLUDES THE IMPACT OF IFRS 16, INCREASED BY $100 MILLION TO $1,165 MILLION.  Full Article

Parkland Announces Pricing Of Senior Unsecured Notes
Wednesday, 26 Jun 2019 

June 25 (Reuters) - Parkland Fuel Corp ::PARKLAND ANNOUNCES PRICING OF SENIOR UNSECURED NOTES.PARKLAND FUEL - PRICING OF PREVIOUSLY ANNOUNCED PRIVATE OFFERING OF US$500 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES DUE 2027.PARKLAND FUEL - NOTES WILL BEAR INTEREST AT A RATE OF 5.875% PER ANNUM AND WERE PRICED AT PAR.  Full Article

Parkland Fuel Corp Sees Expected Growth Capital Investment Of Approximately $200 Million For 2019
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Parkland Fuel Corp ::PARKLAND FUEL CORP SEES EXPECTED GROWTH CAPITAL INVESTMENT OF APPROXIMATELY $200 MILLION FOR 2019.PARKLAND FUEL CORP - PARKLAND'S 2020 BURNABY REFINERY TURNAROUND HAS AN INITIAL COST ESTIMATE OF APPROXIMATELY $85 MILLION.PARKLAND FUEL CORP - BURNABY REFINERY TURNAROUND IS EXPECTED TO TAKE 8 WEEKS TO COMPLETE.  Full Article

Parkland Fuel Corp Reports Q3 $0.36
Friday, 2 Nov 2018 

Nov 1 (Reuters) - Parkland Fuel Corp ::ORATION REPORTS RECORD Q3 ADJUSTED EBITDA OF $200 MILLION AND PAYOUT RATIO OF 28%.INCREASED SALES AND OPERATING REVENUE BY 48% TO $3.8 BILLION IN QUARTER.2018 ADJUSTED EBITDA GUIDANCE IS TRACKING WELL TOWARD APPROXIMATELY $775 MILLION PLUS/MINUS 5%.CO CONTINUE TO EXPECT RUN-RATE ANNUAL SYNERGIES ON THE ACQUISITIONS TO REACH APPROXIMATELY $180 MILLION BY THE END OF 2020.DELIVERED 4.2 BILLION LITRES OF FUEL AND PETROLEUM PRODUCT IN QUARTER REPRESENTING 18% GROWTH COMPARED TO SAME PERIOD IN 2017.QTRLY EARNINGS PER SHARE $0.36.ALL FINANCIAL FIGURES ARE EXPRESSED IN CANADIAN DOLLARS..  Full Article

Parkland Fuel Corp Announces Acquisition Of Missouri Valley Petroleum
Wednesday, 29 Aug 2018 

Aug 28 (Reuters) - Parkland Fuel Corp ::PARKLAND FUEL CORPORATION ANNOUNCES ACQUISITION OF MISSOURI VALLEY PETROLEUM.PARKLAND FUEL CORP - DEAL EXPECTED TO BE FUNDED WITH CASH FLOWS AND CAPACITY UNDER PARKLAND'S EXISTING CREDIT FACILITY.PARKLAND FUEL - THROUGH U.S. BASED UNITS TO ACQUIRE ALL OF ISSUED AND OUTSTANDING EQUITY INTERESTS OF MISSOURI VALLEY PETROLEUM.  Full Article

Parkland Fuel Corp Reports Qtrly EPS $0.45
Friday, 3 Aug 2018 

Aug 2 (Reuters) - Parkland Fuel Corp ::ORATION ANNOUNCES RECORD SECOND QUARTER ADJUSTED EBITDA OF $249 MILLION AND INCREASES 2018 ADJUSTED EBITDA GUIDANCE TO $775 MILLION ± 5 PCT.INCREASED SALES AND OPERATING REVENUE BY 109 PCT TO $3.8 BILLION IN Q2.PARKLAND HAS COMPLETED INITIATIVES THAT ARE EXPECTED TO RESULT IN ANNUAL SYNERGIES ON ACQUISITIONS OF APPROXIMATELY $55 MILLION FOR FISCAL YEAR 2018.CURRENTLY EXPECT RUN-RATE ANNUAL SYNERGIES ON ACQUISITIONS WILL REACH APPROXIMATELY $180 MILLION BY END OF 2020.RAISED OUR 2018 ADJUSTED EBITDA GUIDANCE TO $775 MILLION ± 5 PCT.ENTERED INTO PILOT PROGRAMS WITH TESLA AND HYDRO QUEBEC TO ENABLE ELECTRIC VEHICLE CHARGING AT SELECT PARKLAND LOCATIONS IN Q2.QTRLY EARNINGS PER SHARE $0.45.  Full Article

Parkland Fuel reports Q3 earnings per share $‍0.10​
Friday, 3 Nov 2017 

Nov 2 (Reuters) - Parkland Fuel Corp :Parkland fuel corporation achieves record third quarter adjusted ebitda of $96.4m.Parkland fuel corp qtrly earnings per share $‍0.10​.Parkland fuel corp says ‍revised 2017 adjusted ebitda guidance of $350 million to $390 million​.Qtrly sales and operating revenue $2.60 billion versus $1.64 billion ‍​.  Full Article

Trinidad Petroleum secures new bank loans as bond repayment looms

NEW YORK, March 12 (LPC) - Trinidad Petroleum Holdings (TPH) is in advanced debt restructuring talks with banks and has secured new loans of up to US$1.4bn based on oil reserves to ease a looming US$850m bond maturity in August, four people familiar with the matter said.