Latest news with #SunocoLP
CTV News
4 days ago
- Business
- CTV News
Parkland Corp. reports second-quarter earnings up ahead of Sunoco takeover
A boat travels past the Parkland Burnaby Refinery on Burrard Inlet at sunset in Burnaby, B.C., on Saturday, April 17, 2021. THE CANADIAN PRESS/Darryl Dyck CALGARY — Parkland Corp. says its second-quarter net earnings were up as the fuel refiner prepares for a takeover by U.S. company Sunoco LP. The Calgary-based company says net earnings for the period ending June 30 were $172 million, up from $70 million a year ago. Parkland says net earnings amounted to 97 cents per diluted share compared with 39 cents per diluted share a year earlier. On an adjusted basis, the company says it earned $508 million, an increase from $504 million in the second quarter of 2024. Chief executive Bob Espey says the firm's Burnaby refinery helped deliver above mid-cycle refining margins, which reflect Parkland's potential to grow as it merges with Sunoco. The takeover is expected to be completed during the second half of this year. This report by The Canadian Press was first published Aug. 6, 2025. Companies in this story: (TSX: PKI) The Canadian Press
Globe and Mail
5 days ago
- Business
- Globe and Mail
Parkland Corp. reports increase in quarterly earnings ahead of Sunoco takeover
Parkland Fuel Corp. PKI-T says its second-quarter net earnings were up as the fuel refiner prepares for a takeover by U.S. company Sunoco LP. The Calgary-based company says net earnings for the period ending June 30 were $172-million, up from $70-million a year ago. Parkland says net earnings amounted to 97 cents per diluted share compared with 39 cents per diluted share a year earlier. On an adjusted basis, the company says it earned $508 million, an increase from $504-million in the second quarter of 2024. Chief executive Bob Espey says the firm's Burnaby refinery helped deliver above mid-cycle refining margins, which reflect Parkland's potential to grow as it merges with Sunoco. The takeover is expected to be completed during the second half of this year.
Yahoo
5 days ago
- Business
- Yahoo
Parkland Corp. reports second-quarter earnings up ahead of Sunoco takeover
CALGARY — Parkland Corp. says its second-quarter net earnings were up as the fuel refiner prepares for a takeover by U.S. company Sunoco LP. The Calgary-based company says net earnings for the period ending June 30 were $172 million, up from $70 million a year ago. Parkland says net earnings amounted to 97 cents per diluted share compared with 39 cents per diluted share a year earlier. On an adjusted basis, the company says it earned $508 million, an increase from $504 million in the second quarter of 2024. Chief executive Bob Espey says the firm's Burnaby refinery helped deliver above mid-cycle refining margins, which reflect Parkland's potential to grow as it merges with Sunoco. The takeover is expected to be completed during the second half of this year. This report by The Canadian Press was first published Aug. 6, 2025. Companies in this story: (TSX: PKI) The Canadian Press Sign in to access your portfolio
Winnipeg Free Press
5 days ago
- Business
- Winnipeg Free Press
Parkland Corp. reports second-quarter earnings up ahead of Sunoco takeover
CALGARY – Parkland Corp. says its second-quarter net earnings were up as the fuel refiner prepares for a takeover by U.S. company Sunoco LP. The Calgary-based company says net earnings for the period ending June 30 were $172 million, up from $70 million a year ago. Parkland says net earnings amounted to 97 cents per diluted share compared with 39 cents per diluted share a year earlier. On an adjusted basis, the company says it earned $508 million, an increase from $504 million in the second quarter of 2024. Chief executive Bob Espey says the firm's Burnaby refinery helped deliver above mid-cycle refining margins, which reflect Parkland's potential to grow as it merges with Sunoco. The takeover is expected to be completed during the second half of this year. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published Aug. 6, 2025. Companies in this story: (TSX: PKI)
San Francisco Chronicle
5 days ago
- Business
- San Francisco Chronicle
Sunoco LP: Q2 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — Sunoco LP (SUN) on Wednesday reported earnings of $86 million in its second quarter. On a per-share basis, the Dallas-based company said it had net income of 33 cents. The master limited partnership posted revenue of $5.39 billion in the period.
