Last C$20.67 CAD
Change Today +0.15 / 0.73%
Volume 195.1K
PKI On Other Exchanges
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As of 4:17 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

parkland fuel corp (PKI) Snapshot

Open
C$20.58
Previous Close
C$20.52
Day High
C$20.71
Day Low
C$20.51
52 Week High
03/7/14 - C$21.99
52 Week Low
09/11/13 - C$17.02
Market Cap
1.6B
Average Volume 10 Days
190.4K
EPS TTM
C$0.99
Shares Outstanding
75.0M
EX-Date
08/20/14
P/E TM
20.9x
Dividend
C$1.06
Dividend Yield
5.08%
Current Stock Chart for PARKLAND FUEL CORP (PKI)

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parkland fuel corp (PKI) Details

Parkland Fuel Corporation markets and distributes refined petroleum products to retail, commercial, wholesale, and home heating fuel customers in North America. It operates in three segments: Fuel Marketing, Non-Fuel Commercial, and Other Non-Fuel. The Fuel Marketing segment is involved in the sale and delivery of gasoline, diesel and propane through commercial, retail, and wholesale distribution channels. This segment delivers bulk fuel, propane, heating oil, lubricants, agricultural inputs, oilfield fluids, and other related products and services through a nationwide delivery network. This segment also operates and services a nationwide network of retail service stations that serve Canadian motorists. As of December 31, 2013, Fuel Marketing segment had 119 commercial locations; and 697 retail service stations. The segment operates under the Bluewave Energy, Columbia Fuels, Neufeld Petroleum & Propane, Island Petroleum, Fas Gas Plus, Race Trac Gas, Sparling's, Esso, and Chevron brands. The Non-Fuel Commercial segment provides agricultural inputs, lubricants, and other products that do not fall into the fuel category. The Other Non-Fuel segment is involved in the convenience store, lottery, freight, and rental operations. It serves customers operating across various industries, including oil and gas industry participants, mining operations, forestry operations, agricultural operations, construction; and other industrial operations, as well as residential heating fuel clients. Parkland Fuel Corporation was founded in 1977 and is headquartered in Red Deer, Canada.

1,705 Employees
Last Reported Date: 08/7/14
Founded in 1977

parkland fuel corp (PKI) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$450.0K
Chief Information Officer and Vice President ...
Total Annual Compensation: C$256.0K
Vice President of Strategy and Corporate Deve...
Total Annual Compensation: C$225.0K
Vice President of Retail
Total Annual Compensation: C$280.0K
Vice President of Wholesale, Supply and Distr...
Total Annual Compensation: C$226.6K
Compensation as of Fiscal Year 2013.

parkland fuel corp (PKI) Key Developments

Parkland Fuel Corporation Announces Dividend for the August 2014, Payable on September 15, 2014

Parkland Fuel Corporation announced that a dividend of $0.0883 per share will be paid on September 15, 2014 to shareholders of record on August 22, 2014. The dividend will be an eligible dividend for Canadian income tax purposes. The ex-dividend date is August 20, 2014.

Parkland Fuel Corporation Reports Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the 2014

Parkland Fuel Corporation reported audited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, sales and operating revenues were CAD 1,879.2 million against CAD 1,342.7 million a year ago. Earnings before income taxes were CAD 8.9 million against CAD 29.5 million a year ago. Net earnings were CAD 6.9 million or CAD 0.09 per diluted share against CAD 20.3 million or CAD 0.28 per diluted share a year ago. Adjusted EBITDA was CAD 35.7 million against CAD 58.1 million a year ago. Distributable cash flow decreased by CAD 19.6 million to CAD 22.7 million in the second quarter of 2014 compared with CAD 42.3 million in the second quarter of 2013. The decrease in distributable cash flow is primarily due to the decrease in Adjusted EBITDA of CAD 22.4 million, CAD 1.6 million increase in interest on long-term debt, CAD 0.6 million increase in acquisition costs, CAD 0.9 million decrease in proceeds on sale of property, plant and equipment and intangibles, partially offset by a CAD 6.1 million decrease in current tax expense and CAD 1.8 million decrease in maintenance capital expenditures. For the six months, sales and operating revenues were CAD 3,903.4 million against CAD 2,555.5 million a year ago. Earnings before income taxes were CAD 40.9 million against CAD 69.1 million a year ago. Net earnings were CAD 29.2 million or CAD 0.40 per diluted share against CAD 50.9 million or CAD 0.72 per diluted share a year ago Adjusted EBITDA was CAD 96.9 million against CAD 119.1 million a year ago. Distributable cash flow decreased by CAD 18.1 million to CAD 69.3 million for the six months ended June 30, 2014 compared with CAD 87.5 million in the same period of 2013. The decrease in distributable cash flow is primarily due to the decrease in Adjusted EBITDA of CAD 22.2 million, CAD 0.8 million decrease in proceeds on sale of property, plant and equipment and intangibles, partially offset by a CAD 3.9 million decrease in current tax expense and CAD 2.9 million decrease in maintenance capital expenditures. For the full year 2014, the company is maintaining expected case adjusted EBITDA guidance of CAD 200 million.

Parkland Fuel Corporation Seeks Acquisitions

Parkland Fuel Corporation (TSX:PKI) is seeking acquisitions. Bob Espey, President and Chief Executive Officer of Parkland, said, “Given our acquisition pipeline and near-term growth prospects across a number of markets, we are maintaining our 2014 expected case Adjusted EBITDA guidance of $200 million.”

 

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PKI

Industry Average

Valuation PKI Industry Range
Price/Earnings 23.3x
Price/Sales 0.2x
Price/Book 3.2x
Price/Cash Flow 10.9x
TEV/Sales 0.2x
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