- Parkland’s second-quarter sales and operating revenue were reported at C$6.87 billion, which is an 8.4% decrease compared to the previous year and below the estimate of C$7.1 billion.
- The adjusted basic earnings per share (EPS) were C$0.91, slightly up from C$0.89 year over year.
- The basic EPS saw a significant increase, reaching C$0.99 compared to C$0.40 in the previous year.
- Adjusted EBITDA showed a small growth of 0.8% year over year, amounting to C$508 million, surpassing the estimate of C$490.1 million.
- Parkland’s Canadian and International businesses continue to perform well, indicating strength and resilience in these markets.
- The Burnaby refinery’s efficient operations and supply optimization efforts resulted in capturing refining margins above mid-cycle levels.
- The results underline the potential of Parkland’s integrated platform to grow cash flow, especially in conjunction with Sunoco.
- Analyst recommendations on Parkland include 3 buy ratings, 2 hold, and 1 sell.
A look at Parkland Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Parkland Corporation appears to have a positive long-term outlook. With strong scores in Dividend and Momentum, indicating solid dividend payments and positive price performance, respectively, Parkland is positioned well for growth. The company’s focus on value, growth, and resilience also suggests stability and potential for future expansion. Parkland’s diversified business model as a fuel and petroleum products supplier, coupled with its position as a prominent convenience store operator, adds further strength to its overall outlook.
Parkland Corporation, a key player in the fuel and petroleum industry, has received favorable Smart Scores across various factors, pointing towards a promising future performance. With an emphasis on providing value, dividends, and growth, Parkland demonstrates a commitment to shareholder returns and sustainable business practices. The company’s resilience score highlights its ability to weather market fluctuations, while its strong momentum score indicates positive market sentiment. Parkland’s global presence in retail, convenience, supply, commercial, and wholesale segments positions it well for continued success and growth in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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