National Bank Previews Parkland's Q4 Results
22 Feb 2023 11:21 ET
11:21 AM EST, 02/22/2023 (MT Newswires) -- National Bank on Tuesday previewed Parkland Corp.'s (PKI.TO) fourth-quarter results, with year-over-year EBITDA growth expected to be 75%, reflecting acquisition contribution, strong refinery margins, and retail/commercial fuel margin expansion, partly offset by slightly negative organic demand growth in U.S./ Canada and higher operating costs.
"We forecast Refining EBITDA of $155 mln vs. last year at $16 mln. We forecast Canada EBITDA of $154 mln vs. last year at $153 mln. We forecast International EBITDA of $122 mln vs. last year at $78 mln. We forecast USA EBITDA of $56 mln vs. last year at $40 mln," the analysts said.
The company will report its fourth-quarter results on March 2.
National Bank maintained its outperform rating with a $36 price target.
The company's shares edged up 0.8% on last look on Wednesday.
Parkland is an independent marketer and distributor of fuel in Canada.
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