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Parkland Q3 Adjusted Earnings Rise 70% Ahead of its US$9.1-Billion Sale to Sunoco
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Parkland Q3 Adjusted Earnings Rise 70% Ahead of its US$9.1-Billion Sale to Sunoco
Oct 27, 2025 6:24 AM

08:33 AM EDT, 10/27/2025 (MT Newswires) -- Parkland (PKI.TO) Monday said its third-quarter adjusted profit rose 70% in its final report ahead of the company's sale to Sunoco ( SUN ) .

The refiner and gas-stop operator's adjusted profit, excluding most one-time items, rose to $180 million, or $1.03 per share, from $106 million, or $0.61, in the year-prior quarter. The consensus estimate for the result among analysts polled by FactSet was $0.75 per share.

Revenue rose 3.2% to $7.35 billion from $7.13 billion, while adjusted EBITDA rose to $540 million from $4.31 million.

"Parkland delivered another strong quarter, reflecting the strength of its diversified business, and clearly demonstrating our ability to deliver 2025 Adjusted EBITDA guidance," chief executive Bob Espey said in a release.

The report is the last before the company's $9.1-billion sale to Sunoco ( SUN ), which is expected to close at month's end. Sunoco ( SUN ) stepped in to buy Parkland following an extended dispute with Simpson Oil, its largest shareholder with a 19.8% stake, which criticized the company's management for weak earnings and urged Parkland's board to evaluate value-creation opportunities for shareholders, including a sale.

Parkland shares closed up $0.04 to $40.65 on the Toronto Stock Exchange Friday.

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