Parkland Fuel Corporation is a Canadian independent fuel retailing company based in Calgary, Alberta. Its subsidiaries include several gas station chains, including Pioneer, Fas Gas Plus and Ultramar, as well as several commercial fuel distribution operations.
It is the largest independent fuel retailing company in Canada, as well as the second-largest convenience store operator. It is listed on the Toronto Stock Exchange, with a market capitalization of $3.9 billion as of March 2018.
Parkland’s three businesses are retail gas stations, commercial fuel distribution, and fuel supply and wholesaling.
Its retail gas station brands in Canada include Fas Gas Plus (primarily in Western Canada), Pioneer (primarily in Ontario), Ultramar (primarily in Atlantic Canada, Quebec, and Ontario), Chevron (primarily in British Columbia, with locations in Alberta beginning to be opened in 2019) and Race Trac (a franchised brand with independently run locations. Unrelated to the U.S. chain RaceTrac).
The company also runs a number of gas stations under the Esso banner. As of the end of 2017, the company has 1848 stations in its network, of which it owns 596. Unlike gas retailing operations owned by integrated oil and gas companies, which generally buy from a single supplier, Parkland sources its fuel from multiple suppliers.
In 2016, Parkland acquired the On the Run brand and franchise network in Canada from Imperial Oil. The company has since begun to utilize On the Run in conjunction with its own retail petroleum brands to leverage its recognition, and introduced a refreshed version of the brand in 2018.
In addition to its retail arm, Parkland distributes fuel, including propane, diesel, and heating oil, to mainly commercial customers. It operates under various brands, including Bluewave Energy, Sparlings, and Ultramar.
Traded as: TSX: PKI; S&P/TSX Composite Component
Industry: Fuel Retailing
Founder: Jack Donald
Headquarters: Calgary, Alberta, Canada