Overview

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

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

* Sunoco ( SUN ) 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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat C$7.35 C$7.01

Revenue bln bln (3

Analysts

)

Q3 EPS C$0.73

Q3 Beat C$180 C$119.98

Adjusted mln 5 mln (1

Net Analyst)

Income

Q3 Net C$129

Income mln

Q3 Beat C$540 C$493.4

Adjusted mln mln (8

EBITDA Analysts

)

Q3 Basic C$0.74

EPS

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 ( PKIUF ) 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:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)