![]() TTM Cash generated from (used in) operating activities per share (2) Trailing-twelve-month ("TTM") Cash generated from (used in) operating activities (2)Ĭash generated from (used in) operating activities Net earnings (loss) per share – diluted ($ per share) Net earnings (loss) per share – basic ($ per share) Net earnings (loss) attributable to Parkland See "Non-Financial Measures" section of this news release.Īdjusted EBITDA attributable to Parkland ("Adjusted EBITDA") (1) See "Capital Management Measures" section of this news release.ĥ Non-financial measure. See "Supplementary Financial Measures" section of this news release.Ĥ Capital management measure. See "Non-GAAP Financial Measures and Ratios" section of this news release.ģ Supplementary financial measure. See "Total of Segments Measures" section of this news release.Ģ Non-GAAP financial measure or non-GAAP financial ratio. ![]() Notably, Parkland's total recordable injury frequency rate ("TRIF" 5) on a trailing-twelve-months basis was 0.97 in Q1 2023, a decrease of 18 percent compared to the Q1 2022 TRIF of 1.19.ġ Total of segments measure. ![]() Parkland's sustainability accomplishments are described in the Q1 2023 MD&A (as defined below). These impacts were partially offset by increased sales of imported product and efficient management of pipeline capacity. Composite utilization 5 was 33.9 percent. Refining delivered Adjusted EBITDA of $38 million, down 57 percent, from Q1 2022 ($89 million) reflecting the scheduled 2023 Turnaround.Results were negatively impacted by the compliance obligations accounted for in the current period of $17 million, commodity price fluctuations in 2022 and severe winter weather across certain markets. USA delivered Adjusted EBITDA of $21 million, down 55 percent, from Q1 2022 ($47 million).Performance was largely driven by the consolidation of the remaining 25% of Sol and additional volumes captured largely in the contracted commercial and retail business, organic growth initiatives and synergies. International delivered Adjusted EBITDA of $183 million, up 123 percent, from Q1 2022 ($82 million).Food and Company C-Store Same Store Sales Growth ("SSSG") (excluding cigarettes) 2 was 6.8 percent (1.7 percent in Q1 2022). Fuel margins declined year-over-year due to favourable retail market conditions in Q1 2022. Unseasonably warm weather lowered commercial volumes, partially offset by 2022 acquisitions and organic growth. Canada delivered Adjusted EBITDA of $167 million, down 13 percent from Q1 2022 ($191 million)."I am confident Parkland will deliver its $2 billion Adjusted EBITDA ambition by 2025 without additional acquisitions, while reducing leverage and improving shareholder returns." Our performance this quarter demonstrates our ability to execute on our strategy, capture synergies and deliver organic growth throughout our retail and commercial businesses," said Bob Espey, President and Chief Executive Officer. "The Company's disciplined focus on delivering shareholder value continues to guide us and we are on track for a successful year. Subsequent to the quarter, announced a partnership between JOURNIE TM rewards loyalty program and Aeroplan and opened the first ON the RUN standalone retail location in British Columbia.Continued to expand our ON the RUN convenience brand to approximately 670 locations and grew our JOURNIE TM rewards loyalty program to 4.5 million members.Leverage ratio 4 of 3.3x (3.4x in Q4 2022) and liquidity available 3 of $1.5 billion.Cash generated from operating activities of $314 million ($1.79 per share, basic 3) up $362 million from the first quarter of 2022.Net earnings attributable to Parkland ("net earnings") of $77 million ($0.44 per share, basic) up 40 percent from the first quarter of 2022, and Adjusted earnings attributable to Parkland ("Adjusted earnings" 2) of $114 million ($0.65 per share, basic) down 16 percent from the first quarter of 2022.Adjusted EBITDA attributable to Parkland ("Adjusted EBITDA" 1) of $395 million, consistent with the first quarter of 2022 with contributions from acquisitions and organic growth offsetting the impact of the scheduled turnaround completed at the Burnaby Refinery in the first quarter of 2023 (the "2023 Turnaround").Safely completed scheduled turnaround at Burnaby Refinery on time and on budgetĬALGARY, AB, /PRNewswire/ - Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI), today announced its financial and operating results for the three months ended March 31, 2023. Parkland Reports 2023 First Quarter Resultsįirst quarter Adjusted EBITDA of $395 million
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