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CALGARY, Alberta, May 03, 2021 (GLOBE NEWSWIRE) Parkland Corporation ( Parkland , we , the Company , or our ) (TSX:PKI) announced today its financial and operating results for the three months ended March 31, 2021 ( Q1 2021 ). Highlights include:
Adjusted EBITDA attributable to Parkland ( Adjusted EBITDA ) of $314 million, up 64 percent year-over-year. Despite continued COVID-19 impacts, we benefited from lower costs, continued strong per unit fuel margins and Company C-store same-store sales growth ( SSSG ) in Canada, U.S. acquisition growth, solid performance in International and higher utilization at the Burnaby refinery.
Net earnings attributable to Parkland of $31 million, or $0.21 per share, basic, an increase of $110 million relative to prior year.
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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Parkland reports 2020 results and provides 2021 outlook, including ninth consecutive annual .
Parkland CorporationMarch 4, 2021 GMT
CALGARY, Alberta, March 04, 2021 (GLOBE NEWSWIRE) Parkland Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI) announced today its financial and operating results for the fourth quarter and year ended December 31, 2020 and 2021 outlook. Highlights include:
Continued track record of steady dividend growth; our annual dividend will increase two cents per share, marking our ninth consecutive annual dividend increase and demonstrating conviction in our 2021 outlook and beyond.
Confidence in our resilience and flexibility supports 2021 Adjusted EBITDA (attributable to Parkland) guidance of $1,200 million +/- 5 percent.
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