Earnings
July 9, 2020 - PBH
New! Premium Brands Holding Corp. Q1-2020 Earnings, Price Target Update .....
July 8, 2020 - EIF
New! Exchange Income Corp. Q1-2020 Earnings, Price Target Update .....
July 5, 2020 - EXE
Extendicare Inc. Q1-2020 Earnings, Price Target Update .....
July 3, 2020 - SIA
Sienna Senior Living Inc. Q1-2020 Earnings, Price Target Update .....
July 2, 2020 - CSH.UN
Chartwell Retirement Residences, Q1-2020 Earnings, Price Target Update .....
July 1, 2020 - IAG
iA Financial Corporation Inc. Q1-2020 Earnings, Price Target .....
June 27, 2020 - T
Telus Corporation - Q1-2020 Earnings, Price Target Update .....
June 26, 2020 - BEP.UN
Brookfield Renewable Partners - Q1-2020 Earnings, Price Target Update .....
Recommendation Changes
NWC, CPX, H, QBR.B, AW.UN, more...

Parkland Fuel Corp. Q3-2019 Earnings & Price Target Update

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

Parkland Fuel Corporation(PKI-TSX) 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 to a forecast of 22B litres for 2019. 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 $1.4B. SOL Investments is the largest marketer and supplier of petroleum products in the Caribbean. Parkland also completed 4 acquisitions in the US during the past 12 months the largest of which was Rhinehart During Q4-2017 they acquired a 55,000 boe per day gasoline refinery located in Burnaby.

Revenues are earned from a chain of 1,860 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. Canadian retail fuel and convenience outlets contribute 20% of earnings, Canadian commercial sales at 6%, USA commercial – 4%, Refining & Supply – 50% and International operations- 18%.

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


Login
Username
Password
New Issues & Acquisition
July 7, 2020
New! Cineplex Inc(CGX) - 5.75% Convertible Debenture New Issue
July 4, 2020
New! Coverage Universe - Weekly Price Change: June 26 - July 3, 2020
June 29, 2020
Premium Brands Holdings Corp. 4.2% Convertible Debenture New Issue
June 29, 2020
StorageVault Canada Inc. 5.75 Unsecured Debenture New Issue
June 29, 2020
Park Lawn Corp. 5.75% Debenture New Issue
June 26, 2020
Coverage Universe - Weekly Price Change: June 19-6, 2020
June 19, 2020
Coverage Universe - Weekly Price Change: June 12-19, 2020
June 12, 2020
Coverage Universe - Weekly Price Change: June 5-12, 2020