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Parkland (TSE:PKI)
TSX:PKI
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.68Last Year’s EPS
0.84Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 5.05%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with notable achievements in market share and operational efficiency, yet significant challenges due to lower refinery margins and decreased international segment EBITDA. The company remains optimistic about its long-term strategy and ability to adapt.Company Guidance
During the Q3 2024 earnings call for Parkland (PKI.TO), the company provided updated guidance, highlighting several key metrics. The adjusted EBITDA for the third quarter was reported at $431 million, with the Canadian segment contributing $200 million, albeit slightly below the previous year's performance. The International segment's adjusted EBITDA was $152 million, down 11% from the prior year due to lower wholesale volumes, while the U.S. segment saw a 4% increase to $54 million. Parkland's refining segment experienced a significant decline in adjusted EBITDA from $188 million last year to $49 million, attributed to lower refining margins. On a trailing 12-month basis, the company generated $627 million in available cash flow, equating to $3.58 per share, down 16% compared to 2023. The company's leverage ratio increased to 3.4x, but management expressed confidence in reducing it to the lower end of their 2 to 3x target by the end of 2025. Consequently, Parkland adjusted its 2024 EBITDA guidance to $1.7 billion to $1.75 billion, reflecting a $250 million reduction due to the weak refining margin outlook.Growth in Retail and Commercial Businesses
Adjusted EBITDA from the Retail and Commercial businesses grew 2% over the last 12 months, indicating strength in these sectors despite economic challenges.
Market Share Improvement
Parkland improved its market share and is now the second largest fuel and convenience retailer in Canada.
Positive Effects of JOURNIE Loyalty Program
The JOURNIE loyalty program contributed to a 1.4% same-store volume growth and a 12% increase in private label business.
Introduction of Alcohol Sales in Ontario
Successfully launched alcohol sales at 80 sites in Ontario with plans to expand to 120 sites by year-end.
U.S. Business Improvement
The U.S. segment reported a 4% increase in adjusted EBITDA, with positive effects from renegotiated supply contracts and improved market share in Florida.
Operational Efficiency in Refining Segment
The Refining segment achieved a composite utilization of 102%, demonstrating strong operational performance.
Commitment to Capital Allocation and Share Buybacks
Parkland repurchased approximately 3 million shares and continues to prioritize balance sheet strength.
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TSE:PKI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:PKI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | C$33.47 | C$32.06 | -4.21% |
| Jul 31, 2024 | C$37.94 | C$36.24 | -4.48% |
| May 01, 2024 | C$41.35 | C$40.37 | -2.37% |
| Feb 27, 2024 | C$45.74 | C$42.90 | -6.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Parkland (TSE:PKI) report earnings?
Parkland (TSE:PKI) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Parkland (TSE:PKI) earnings time?
Parkland (TSE:PKI) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:PKI EPS forecast?
TSE:PKI EPS forecast for the fiscal quarter 2024 (Q4) is 0.68.
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