Parkland Profile
Parkland Corporation operates as an independent marketer and distributor of fuels and lubricants in Canada and the United States. The company delivers its refined fuels and other petroleum products to motorists, businesses, consumers and wholesale customers.
Segments
The company operates through Retail Fuels, Commercial Fuels, Parkland USA, and Supply and Wholesale segments.
Retail Fuels
This segment operates and services a network of retail service stations that serve motorists in Canada. The company is a retail branded distributor for Esso in British Columbia, Alberta, Saskatchewan, Ontario and the Northwest Territories, and a retail branded distributor for Chevron in British Columbia. It also maintains three proprietary brands, including Pioneer, Fas Gas Plus and Race Trac.
Commercial Fuels
This segment delivers bulk fuel, propane, heating oil, lubricants, agricultural inputs, oilfield fluids and other related products and services to commercial, industrial and residential customers across Canada. Commercial Fuels’ brands include Bluewave Energy, Columbia Fuels, Sparlings Propane and Island Petroleum.
Parkland USA
This segment operates and services a network of retail service stations in the United States. In addition, Parkland USA delivers gasoline, distillates, propane and lubricating oils across the Northwestern United States. Brands operated by this segment include SPF Energy, Farstad Oil and Superpumper.
Supply and Wholesale
This segment manages the company’s fuel supply contracts, purchasing fuel from refiners, distribution through third party rail and highway carriers, as well as serves wholesale and reseller customers. This segment engages in Elbow River Marketing, supply management, and wholesale fuel sales.
History
The company was founded in 1977. It was formerly known as Parkland Income Fund and changed its name to Parkland Fuel Corporation in 2011. Further the company changed its name to Parkland Corporation in May 2020.
