Parkland Corporation reported net earnings of $129 million in Q3 2025, up from $91 million in Q3 2024, with adjusted earnings of $180 million (compared to $106 million in Q3 2024), the company announced through its financial and operating results for the three months ending September 30, 2025.

The company reported trailing twelve months available cash flow of $668 million, up from $627 million in 2024, “primarily driven by higher adjusted EBITDA.” The company’s delivered adjusted EBITDA was $540 million, up from $431 million in Q3 2024, “primarily driven by strong operations and margins at the Burnaby Refinery and robust performance in the Canada and International segments. These were partially offset by softness in the USA segment due to continued macroeconomic pressures and competition,” Parkland said.

Parkland’s refining delivered an adjusted EBITDA of $151 million in Q3 2025, compared to $48 million in Q3 2024, driven by “higher refining margins combined with strong composite utilization of 103.1%.”

Parkland said the Sunoco transaction is expected to close on October 31, 2025.

“Parkland delivered another strong quarter, reflecting the strength of its diversified business, and clearly demonstrating our ability to deliver 2025 adjusted EBITDA guidance,” said Bob Espey, president and chief executive officer. “As we approach this important milestone, I am incredibly proud and grateful of the Parkland team and the industry leading business we have built together. I am excited about Parkland's next phase of growth with Sunoco, the power of the combined platform, and have confidence in the company’s ability to deliver significant synergies and long-term value for its stakeholders.”

In May, Sunoco announced it was acquiring Parkland for $9.1 billion. Sunoco will keep investing in Parkland’s Burnaby Refinery, which makes cleaner, low-carbon fuels, and run it for the long term to supply fuel to the Lower Mainland region in Canada, Reuters wrote at the time the transaction was announced.