Parkland Corporation announced its 2025 guidance and “reaffirmed its 2028 ambitions,” the retailer said.

"We enter 2025 confident in our strategy and plan to achieve our 2028 growth ambitions," said Bob Espey, president and chief executive officer. "Next year, despite anticipating lower than mid-cycle refining margins, adjusted EBITDA from our retail and commercial businesses are expected to increase by approximately 5%, in line with our growth commitments. The Parkland team will continue to focus on growing our customer volumes while achieving the synergies and efficiencies from previous acquisitions."

Parkland said it anticipates generating approximately $5 billion in cumulative available cash flow from 2025 to 2028 and “is positioned to deliver sustainable growth while enhancing shareholder returns and strengthening our balance sheet.”

“The company's capital allocation framework remains in place with 25% of available cash flow directed toward dividends, 25% toward organic growth initiatives and the remaining 50% toward opportunities that generate the greatest returns, including share buybacks and inorganic growth opportunities,” according to Parkland.

To support organic growth initiatives, Parkland expects to allocate approximately $1.3 billion of growth capital expenditures from 2025 to 2028 as follows:

• Approximately 50% to strengthen retail customer advantage, focused on growing market share and loyalty, while enhancing brand recognition through:
  • Building scale and density with more than 100 new-to-industry sites, raze and rebuilds or tuck-ins.
  • Completing more than 175 On the Run conversions with differentiated food offers.
  • Installing approximately 1,800 additional EV charging ports.
• Approximately 20% to strengthen commercial customer advantage, focused on growing volumes through cardlock expansion, multi-product offers and tailored customer solutions.
• Approximately 30% to strengthen supply advantage, focused on building scale and purchasing power through strategic infrastructure investments, including increasing co-processing capacity to 7,500 barrels per day by 2028.