Parkland Corp.’s third quarter earnings double on strong refinery performance

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Fuel retailer Parkland Corp. says its third-quarter earnings more than doubled in 2023 thanks to favourable market conditions and ongoing efforts to optimize its Burnaby refinery.

A boat travels past the Parkland Burnaby Refinery on Burrard Inlet at sunset in Burnaby, B.C., on Saturday, April 17, 2021.Fuel retailer Parkland Corp. says its third-quarter earnings more than doubled in 2023 thanks to favourable market conditions and the company’s ongoing efforts to optimize its Burnaby refinery.

On an adjusted basis, Parkland earned $231 million, nearly five times its third-quarter 2022 adjusted earnings.

 

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