A boat travels past the Parkland Burnaby Refinery on Burrard Inlet at sunset in Burnaby, B.C., on Saturday, April 17, 2021. THE CANADIAN PRESS/Darryl Dyck) says the unplanned outage at its Burnaby, B.C. refinery will cost about $75 million in lost profit, sending shares of the Canadian fuel retailer down more than six per cent in trading on Wednesday.
Parkland operates roughly 4,000 fuel and convenience locations across Canada, the U.S., and the Caribbean, under banners including Pioneer, On the Run, Ultramar, and Esso. It also owns frozen food retailer M&M Food Market.. Speaking on a conference call with analysts, Espey was asked about the financial impact of the recovery plan for the Burnaby refinery.
Parkland says it remains on track to hit between $1.95 billion to $2.05 billion in adjusted EBITDA in 2024, up from $1.92 billion last year. The company increased its annualized dividend by three per cent on Wednesday to $1.40 per share.Toronto-listed Parkland shares fell 6.74 per cent to $44.30 at $10:29 a.m. ET. The stock has climbed more than 55 per cent over the last 12 months.
Defensive lineman Craig Roh, who won a Grey Cup with the Winnipeg Blue Bombers in 2019, has died. He was 33. Roh's wife, Chelsea, confirmed his death on social media. "I wanted to let all of his followers know that after an 18-month battle with Stage IV colon cancer, God brought Craig home on Monday, February 26th," she tweeted. "Craig was not very public with his battle, as he truly just wanted to focus on bringing the best content and building the best products he could.