An announcement from Parkland ( (TSE:PKI) ) is now available.
Parkland Corporation reported its financial results for the fourth quarter and year-end 2024, highlighting an adjusted EBITDA of $428 million for the quarter and $1,690 million for the full year. Despite challenges in the refining and USA segments, Parkland’s retail and commercial businesses showed resilience. The company announced a strategic review to explore opportunities for maximizing shareholder value, which may include asset divestments or a sale of the company. This review is driven by the belief that the current share price does not reflect the company’s intrinsic value. Parkland’s liquidity improved significantly by year-end 2024, although its leverage ratio increased due to lower EBITDA and unfavorable currency translations.
More about Parkland
Parkland Corporation is a leading player in the energy sector, primarily engaged in the retail and commercial distribution of fuel and petroleum products. The company operates across Canada, the USA, and internationally, focusing on optimizing supply and pricing strategies to enhance its market position.
YTD Price Performance: 7.34%
Average Trading Volume: 882,991
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$6.1B
Learn more about PKI stock on TipRanks’ Stock Analysis page.