Parkland Fuel Corporation Reports Record Q4 and 2016 Results and Announces 2017 Guidance
Red Deer, Alberta (March 2, 2017) – Parkland Fuel Corporation (“Parkland”) (TSX:PKI), Canada’s largest and one of North America's fastest growing independent marketers of fuel and petroleum products, announced today the financial and operating results for the three and twelve months ended December 31, 2016. All financial figures are expressed in Canadian dollars.
“Parkland delivers record Adjusted EBITDA of $77.1 million in Q4 and $253.5 million in 2016 and demonstrates the ability to consistently produce strong results for our shareholders through our strategic plan to grow organically, deliver a supply advantage and acquire prudently. In 2016, we continued to invest in acquisitions of businesses, which helped us build scale and synergies, while continuing to drive organic growth through our relentless focus on customer service.” said Bob Espey, President and Chief Executive Officer at Parkland. Parkland has also announced 2017 Adjusted EBITDA guidance of $255 million to $285 million (“2017 Guidance Range”), see Additional Guidance Considerations section below.
To view the full release, please click here.