Brief: Parkland Q2 Revenue CAD 6,874 Million Vs. IBES Estimate CAD 7,130 Million

Parkland

05/08/2025 22:05

Overview

Parkland Q2 revenue misses analyst expectations, adjusted EBITDA beats estimates

Adjusted net income for Q2 beats analyst expectations, per LSEG data

Sunoco transaction advances, expected to close in Q4 2025

Outlook

Parkland maintains 2025 Adjusted EBITDA guidance of C$1.8 bln to C$2.1 bln

Company expects 2025 capital expenditures between C$475 mln and C$525 mln

Sunoco transaction expected to close in Q4 2025

Result Drivers

CANADIAN STRENGTH - Strong fuel unit margins and volume growth in Canada drove adjusted EBITDA to C$190 mln, up from C$168 mln in Q2 2024

REFINING MARGINS - Higher refining margins and strong utilization at Burnaby Refinery contributed to a rise in adjusted EBITDA to C$136 mln from C$119 mln

INTERNATIONAL CHALLENGES - Lower unit margins in the International segment, due to market instability, reduced adjusted EBITDA to C$168 mln from C$180 mln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
C$6.87 bln
C$7.13 bln (4 Analysts)
Q2 EPS
C$0.97
Q2 Adjusted Net Income
Beat
C$158 mln
C$127.20 mln (1 Analyst)
Q2 Net Income
C$172 mln
Q2 Adjusted EBITDA
Beat
C$508 mln
C$484.90 mln (8 Analysts)
Q2 Basic EPS
C$0.99


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "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 is C$44.00, about 12.7% above its August 1 closing price of C$38.43

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nCNWXDlcJa

(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.)