Canadian Parkland Corp Q1 net loss of $5M due to Burnaby refinery unplanned shutdown.
Canadian fuel retailer Parkland Corp reported a Q1 net loss of $5M due to an unplanned shutdown at its Burnaby refinery, which faced cold weather issues and technical problems. The refinery resumed operations on March 29, enabling accelerated maintenance work for Q3. Parkland expects improved utilization and profitability for the rest of the year. The shutdown led to a 17% decrease in adjusted earnings compared to Q1 2022.
May 01, 2024
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