Parkland (TSE:PKI) has released an update.
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Parkland Corporation’s Q3 2024 results show a decline in financial performance due to challenging global refining margins, with adjusted EBITDA falling 26% from the previous year. Despite this, the company demonstrated resilience with a 2% growth in adjusted EBITDA from its Retail and Commercial sectors, highlighting strong operational execution and market share gains. Parkland also announced its plan to divest its Florida-based businesses, focusing on optimizing capital allocation and shareholder value.
For further insights into TSE:PKI stock, check out TipRanks’ Stock Analysis page.
