Parkland Corp. announces strong 2025 second quarter results
Parkland Corporation announced its financial and operating results for the three and six months ended June 30, 2025.
According to the company’s filings made public on Tuesday, August 5, 2025, it delivered Adjusted EBITDA of $508 million, as compared to $504 million in Q2 2024, primarily driven by strong operations and margins at the Burnaby Refinery and robust performance in the Canada segment. Net earnings were recorded of $172 million ($0.99 per share, basic), as compared to $70 million ($0.40 per share, basic) in Q2 2024, and Adjusted earnings3 of $158 million ($0.91 per share, basic3), as compared to $156 million ($0.89 per share, basic) in Q2 2024.
Canada also delivered Adjusted EBITDA of $190 million, as compared to $168 million in Q2 2024. Parkland said the increase was primarily driven by stronger fuel unit margins from continued price and supply optimization, and volume growth in the company-owned network.
“We delivered company same-store volume growth of 4.6 % and Food and Company C-Store same-store sales growth, excluding cigarettes, of 4.2%, reflecting stronger site execution, and increased engagement though our loyalty program,” the company wrote in its financial statements.
"I want to thank the Parkland team for safely serving our customers to deliver record second quarter results,” said Bob Espey, president and chief executive officer. “Our Canadian and International businesses continue to demonstrate strength and resilience, while strong supply optimization coupled with solid operations at the Burnaby refinery enabled us to capture above mid-cycle refining margins. These results reflect the run rate potential of Parkland's integrated platform and together with Sunoco, the combined scale is well positioned to grow cash flow for years to come."
Parkland added that since its shareholders approval the Sunoco transaction on June 24, 2025, the transaction “continues to advance through the remaining regulatory review processes and other closing conditions, including the ongoing review under the Investment Canada Act, and is expected to close in the fourth quarter of 2025.”
