Parkland Corp. posts first-quarter loss due to Burnaby refinery outage

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 19 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Burnaby Refinery News

Parkland Corp.,Unplanned Shutdown,Parkland

CALGARY — Fuel retailer Parkland Corp. says it posted a net loss of $5 million in its first quarter as its financial results took a hit due to an unplanned...

CALGARY — Fuel retailer Parkland Corp. says it posted a net loss of $5 million in its first quarter as its financial results took a hit due to an unplanned shutdown at its Burnaby refinery.On an adjusted basis, the company says it earned $327 million, a decrease of 17 per cent compared with the first quarter of 2023.

This dividend stock is near 52-week highs, but still down from all-time highs, with a highly valuable P/E ratio you won't want to miss. The post 1 Magnificent Dividend Stock That’s Down 21% and Trading at a Once-in-a-Decade Valuation appeared first on The Motley Fool Canada.How Long Would it Take to Turn $95,000 Into $1 Million With TSX Dividend Stocks?

Parkland Corp. Unplanned Shutdown Parkland Burnaby

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Conflict heating up between Parkland Corp. and top shareholder Simpson OilA boat travels past the Parkland Burnaby Refinery on Burrard Inlet at sunset in Burnaby, B.C., on Saturday, April 17, 2021.
Source: CBCCalgary - 🏆 78. / 51 Read more »

Parkland Corp. Rejects Shareholder's Call for Potential SaleFuel retailer Parkland Corp. rejects a call by its largest shareholder to consider a potential sale of the business, amidst an ongoing dispute with Simpson Oil.
Source: SooToday - 🏆 8. / 85 Read more »

Conflict heating up between Parkland Corp. and top shareholder Simpson OilThe internal strife at fuel retailer Parkland Corp. continues as the Calgary-based company rejected a call by its largest shareholder to consider a potential sale of the business.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Simpson Oil Urges Parkland Corp to Review Strategic AlternativesSimpson Oil, the biggest shareholder of Parkland Corp, has sent a letter to the board urging a review of strategic alternatives, including a potential transition of the company to new ownership.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Parkland says strategic review called for by Simpson Oil is unnecessaryCALGARY — Fuel retailer Parkland Corp. says a strategic review of its business called for by its largest shareholder is unnecessary. The Calgary-based...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Calgary Taylor Swift fans – and 'Calgary Taylor Swift'Calgary fans of pop superstar Taylor Swift were among the millions of 'Swifties' celebrating the release of 'The Tortured Poets Department', and they were doing it in style.
Source: CTVCalgary - 🏆 26. / 68 Read more »