Earnings release
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Parkland delivers record third quarter results with Adjusted EBITDA of $ 364 million ; $ 1 billion for the first nine months Calgary , Alberta , November 2 , 2021 ( GLOBE NEWSWIRE ) - Parkland Corporation ( " Parkland " , " we " , the " Company " , or " our " ) ( TSX : PKI ) today announced its financial and operating results for the three and nine months ended September 30 , 2021. Highlights for the three months ended September 30 , 2021 ( " Q3 2021 " ) include [ 1 ] : • Record Adjusted EBITDA attributable to Parkland ( " Adjusted EBITDA " ) of $ 364 million , up 8 percent year - over - year , underpinned by record Adjusted EBITDA in our International and U.S. segments that reflect accretive acquisitions and realized synergies , record co - processing volumes at the Burnaby refinery , consistent execution , and ongoing post - COVID economic recovery . Net earnings attributable to Parkland of $ 115 million , or $ 0.76 per share , basic , an increase of approximately 50 percent relative to the prior year , and record Adjusted earnings attributable to Parkland ( " Adjusted earnings " ) of $ 107 million , or $ 0.70 per share , basic , up approximately 15 percent year - over - year . Trailing twelve - month distributable cash flow per share of $ 4.72 , an increase of approximately 44 percent relative to prior year of $ 3.28 . • Co - processed a record 33 million litres ( 2,300 barrels per day ) of bio - feedstock at the Burnaby Refinery , helping our customers decarbonize their operations and placing us on track to achieve our target of 100 million litres , which is equivalent to taking over 80,000 passenger vehicles off the road in 2021 . " I want to congratulate the entire Parkland team for delivering the strongest quarterly and year - to - date results in Parkland's history , ” said Bob Espey , President and Chief Executive Officer . “ Underpinned by our quality brands and consistent ability to anticipate and meet the evolving needs of our customers , including meeting a