Parkland Corp., a Canadian fuel refiner, reports Q2 earnings surge to $172M, set to be acquired by Sunoco LP for $9.1B.

Parkland Corp., a Canadian fuel refiner, reported a significant increase in Q2 net earnings to $172 million, up from $70 million last year, with earnings per diluted share at 97 cents. The Burnaby refinery contributed to above-average refining margins. Parkland is set to be acquired by U.S. company Sunoco LP in the second half of this year for about $9.1 billion.