Earnings
June 26, 2019 - CRR.UN
New! Crombie REIT - Q1-2019, Price Target Update .....
June 23, 2019 - PEGI
Pattern Energy Group - Q1-2019 Earnings & Price Target Update .....
June 21, 2019 - PL
Pinnacle Renewable Energy Inc. Q1-2019 Earnings, Price Target Forecast .....
June 20, 2019 - DIR.UN
Dream Industrial REIT - Q1-2019 Earnings, Price Target Update .....
June 19, 2019 - BTB.UN
BTB REIT - Q1-2019 Earnings, Price Target Update .....
June 18, 2019 - PPL
Pembina Pipeline Corp. Q1-2019 Earnings & Price Target Update .....
June 15, 2019 - NVU.UN
Northview Apartment REIT - Q1-2019 Earnings, Price Target Update .....
June 14, 2019 - APR.UN
Automotive Properties REIT - Q1-2019 Earnings, Price Target Update .....
Recommendation Changes
MFC, EIF, DR, FTS, CPX, more...

Parkland Fuel Corp. 2018 Earnings & Price Target Update

This is only a sample of the article, please login to view the entire article

Parkland Fuel Corporation has grown from a western Canadian fuel distributor to become Canada's largest independent distributor with an expanding presence in the US and the Caribbean. Products include fuel and lubricants, and a Canadian nationwide network of sales channels for retail, commercial, wholesale and home heating fuel customers. Parkland provides motorists, businesses, consumers and wholesale customers with gasoline, diesel, propane, lubricants, heating oil and other products through a network of locations across North America.

Volumes have grown from 4.16 B litres in 2011 to 17B litres for 2018 from both organic growth and acquisitions. On Jun-28-2017, Parkland acquired the majority of the Canadian business and assets of CST Brands, Inc. (Ultramar) for $965M; in Oct-2017, Parkland acquire Chevron Canada R & M ULC for $1.5B; in Aug-2018, Parkland acquired Rhinehart Oil Co., Inc. and on Oct-9-2018 Parkland acquired 75% of Sol Investments Limited for $1.57B. SOL Investments is the largest marketer and supplier of petroleum products in the Caribbean. During Q4-2017 they acquired a 55,000 boe per day gasoline refinery located in Burnaby.

Revenues are earned from a chain of 1,855 retail service stations and convenience stores in Canada, sales to commercial customers and wholesalers in Canada and the US from a refining facility located in Burnaby, BC. The Retail Fuel and Convenience Stores contributed 55% of earnings, Fuel Products Supply including refining operations at 30%, Commercial (Wholesale) Fuel - 15% including Parkland USA operations (5% of total)

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
June 14, 2019
Coverage Universe - Weekly Price June 7-14, 2019
June 8, 2019
Coverage Universe - Weekly Price Change May 31 - June 7, 2019
June 4, 2019
Mullen Group Ltd, 5.75% Convertible Debenture New Issue
May 31, 2019
Coverage Universe - Weekly Price Change May 24-31, 2019
May 25, 2019
Coverage Universe - Weekly Price Change May 17-24, 2019
May 24, 2019
TD Bank 5.1% Rate Reset Preferred Share New Issue
May 17, 2019
Coverage Universe - Weekly Price Change May 10-17, 2019
May 11, 2019
Coverage Universe - Weekly Price June 7-14, 2019