Latest news with #ParklandCorporation
Cision Canada
18 hours ago
- Automotive
- Cision Canada
Parkland Announces Date of 2025 Second Quarter Results
CALGARY, AB, July 22, 2025 /CNW/ - Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI) expects to announce its 2025 second quarter results after markets close on Tuesday, August 5, 2025. Financial Statements and Management's Discussion and Analysis will be posted to and after the results are released. Due to the pending arrangement with Sunoco LP that was previously announced on May 5, 2025, Parkland will not host a conference call or webcast to discuss its second quarter results. About Parkland Corporation Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in twenty-six countries across the Americas. Our retail network meets the fuel, and convenience needs of everyday consumers. Our commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting our customers' needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact, including manufacturing and blending renewable fuels, ultra-fast EV charging, a variety of solutions for carbon credits and renewables, and solar power. With approximately 4,000 retail and commercial locations across Canada, the United States, and the Caribbean region, we have developed supply, distribution, and trading capabilities to accelerate growth and business performance. Our strategy is focused on two interconnected pillars: our Customer Advantage and our Supply Advantage. Through our Customer Advantage, we aim to be the first choice of our customers through our proprietary brands, differentiated offers, extensive network, competitive pricing, reliable service, and compelling loyalty program. Our Supply Advantage is based on achieving the lowest cost to serve among independent fuel marketers and distributors in the hard-to-serve markets in which we operate, through our well-positioned assets, significant scale, and deep supply and logistics capabilities. Our business is underpinned by our people and our values of safety, integrity, community, and respect, which are embedded across our organization.
Yahoo
12-07-2025
- Business
- Yahoo
Jim Cramer on Sunoco: 'Wish They Could Somehow Issue More Stock'
Sunoco LP (NYSE:SUN) is one of the stocks that Jim Cramer shed light on. A caller asked why the stock is so volatile, and Cramer said: 'This thing's been up and down like crazy since it came public. It is ridiculous. And then they spun it off… It doesn't have a good float, that's the problem. There's just not enough stock out there, and I wish they could somehow issue more stock. But remember, it's 6.8% yield, and from what I can tell, that's money, good.' A truck parked at a gas station, its fuel tank being filled from a pump. Sunoco (NYSE:SUN) distributes motor fuels and petroleum products to commercial and retail customers and offers convenience store services and leasing properties. The company operates pipeline and terminal networks for transporting, processing, and handling refined products and other fuels. In May, the company entered into a definitive agreement to acquire all outstanding shares of Parkland Corporation in a cash and equity deal valued at approximately $9.1 billion, including assumed debt. On June 25, Reuters reported that 93.46% of Parkland Corp shareholders voted in favor of the deal. While we acknowledge the potential of SUN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-07-2025
- Business
- Yahoo
Jim Cramer on Sunoco: 'Wish They Could Somehow Issue More Stock'
Sunoco LP (NYSE:SUN) is one of the stocks that Jim Cramer shed light on. A caller asked why the stock is so volatile, and Cramer said: 'This thing's been up and down like crazy since it came public. It is ridiculous. And then they spun it off… It doesn't have a good float, that's the problem. There's just not enough stock out there, and I wish they could somehow issue more stock. But remember, it's 6.8% yield, and from what I can tell, that's money, good.' A truck parked at a gas station, its fuel tank being filled from a pump. Sunoco (NYSE:SUN) distributes motor fuels and petroleum products to commercial and retail customers and offers convenience store services and leasing properties. The company operates pipeline and terminal networks for transporting, processing, and handling refined products and other fuels. In May, the company entered into a definitive agreement to acquire all outstanding shares of Parkland Corporation in a cash and equity deal valued at approximately $9.1 billion, including assumed debt. On June 25, Reuters reported that 93.46% of Parkland Corp shareholders voted in favor of the deal. While we acknowledge the potential of SUN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-07-2025
- Business
- Yahoo
Sunoco LP Buyout Triggers Analyst Sentiment While Maintaining Strong Dividend
Sunoco LP (NYSE:SUN) is one of the . The company's new acquisition agreement has made an impact on the ratings of Parkland Corporation. A truck parked at a gas station, its fuel tank being filled from a pump. Sunoco LP (NYSE:SUN) is the largest independent fuel distributor in North America and a key midstream energy infrastructure operator. Headquartered in Texas, the company manages over 14,000 miles of pipelines and more than 100 terminals, delivering approximately 9 billion gallons of motor fuel annually. The company's client base is comprised of dealers and branded partners across 40+ states, Puerto Rico, Europe, and Mexico. On May 4, 2025, Sunoco LP (NYSE:SUN) agreed to acquire all outstanding common shares of Parkland Corporation. Later, on May 27, 2025, Parkland announced a private consent solicitation to amend the indentures governing its outstanding senior notes with an aim to include Sunoco LP (NYSE:SUN) and its affiliates as 'Qualified Owners' of Parkland. Multiple analysts downgraded Parkland following this announcement. For instance, BMO Capital downgraded it from Outperform to Market Perform. Meanwhile, the monthly performance of Sunoco LP (NYSE:SUN) stayed positive with an uptick of 1.23%. The company offers a dividend yield of 6.70% alongside a consensus Buy rating from analysts, inviting investors with both an attractive yield and confidence from market experts. While we acknowledge the potential of SUN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Dividend Bargains Trading Below Insiders' Prices Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
24-06-2025
- Business
- Cision Canada
Parkland Corporation Announces Results of the 2025 Annual and Special Meeting of Shareholders
CALGARY, AB, June 24, 2025 /CNW/ - Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI) held its annual and special meeting of shareholders on June 24, 2025 (the "Meeting"). The Company is pleased to announce that all matters presented at the Meeting were approved, including the special resolution (the "Arrangement Resolution") approving the arrangement with Sunoco LP (the "Arrangement") and election of all ten nominees listed in the management information circular dated May 26, 2025 (the "Information Circular"). The complete results of voting for business considered at the Meeting are set out below and are made available on Parkland's SEDAR+ profile at The Arrangement remains subject to other closing conditions, including regulatory approvals and the final approval by the Court of King's Bench of Alberta. The Arrangement is expected to close in the second half of 2025. Resolution 1 Approval of the Arrangement Resolution: Resolution 2 Election of directors of Parkland to hold office until the close of the next annual meeting of shareholders, until their successor is elected or appointed, or until they otherwise cease to hold office: Resolution 3 Reappointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditor of Parkland until the close of the next annual meeting of shareholders, with remuneration to be determined by the board of directors of Parkland: Resolution 4 Approval, on a non-binding and advisory basis, of Parkland's approach to executive compensation as set forth and described in the Information Circular: About Parkland Corporation Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in twenty-six countries across the Americas. Our retail network meets the fuel, and convenience needs of everyday consumers. Our commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting our customers' needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact, including manufacturing and blending renewable fuels, ultra-fast EV charging, a variety of solutions for carbon credits and renewables, and solar power. With approximately 4,000 retail and commercial locations across Canada, the United States, and the Caribbean region, we have developed supply, distribution, and trading capabilities to accelerate growth and business performance. Our strategy is focused on two interconnected pillars: our Customer Advantage and our Supply Advantage. Through our Customer Advantage, we aim to be the first choice of our customers through our proprietary brands, differentiated offers, extensive network, competitive pricing, reliable service, and compelling loyalty program. Our Supply Advantage is based on achieving the lowest cost to serve among independent fuel marketers and distributors in the hard-to-serve markets in which we operate, through our well-positioned assets, significant scale, and deep supply and logistics capabilities. Our business is underpinned by our people and our values of safety, integrity, community, and respect, which are embedded across our organization. Forward-Looking Statements Certain statements contained herein constitute forward-looking information and statements (collectively, "forward looking statements"). When used in this news release, the words "commit", "ensure", "enhance", "expect", "increase", "ongoing", "will", and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the final approval of the Court of King's Bench of Alberta, receipt of regulatory approvals, satisfaction of the conditions precedent to the Arrangement and the anticipated timing of closing of the Arrangement. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These forward-looking statements speak only as of the date hereof. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities laws. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties including, but not limited to: general economic, regulatory, market and business conditions; the completion of the Arrangement on anticipated terms and timing, or at all, including obtaining court approval, regulatory approvals and other customary closing conditions; Parkland's ability to execute its business strategy; action by other persons or companies; the expected timing of the court approval and the anticipated effective date of the Arrangement may be changed or delayed; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described under the headings "Cautionary Statement Regarding Forward-Looking Information" and "Risk Factors" in Parkland's current Annual Information Form, under the headings "Forward-Looking Information" and "Risk Factors" in Parkland's Management's Discussion and Analysis for the most recently completed financial period, and under the heading "Risk Factors" in the Information Circular, each as filed on SEDAR+ and available on Parkland's website at The forward-looking statements contained herein are expressly qualified by this cautionary statement. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
