Parkland

What Parkland does

Parkland Corporation, founded in 1968 and headquartered in Calgary, Alberta, operates an integrated fuel distribution, convenience retail, and refining platform across 26 countries in the Americas and Europe. Prior to its November 1, 2025 acquisition by Sunoco LP, Parkland ran three reporting segments: Retail (4,000+ fuel stations, ON the RUN convenience stores, JOURNIE Rewards loyalty program, food services, and ultra-fast EV charging in British Columbia), Commercial (215+ cardlock locations, residential heating oil delivery, and bulk fuels/lubricants for industrial customers), and Refining & Supply (the Burnaby Refinery, Elbow River Marketing wholesale trading, integrated logistics with 2,000+ rail cars and pipeline access, and renewable fuels via bio-feedstock co-processing).

The company's core technology backbone is its integrated supply chain — combining crude purchasing, refining, bulk storage, multi-modal transport (rail, truck, marine, pipeline), and wholesale/retail distribution under one operator. The Burnaby Refinery was the first North American facility to co-process bio-feedstocks (canola oil and animal fats/tallow) alongside crude oil, producing fuels with one-eighth the carbon intensity of conventional fuels; 111 million litres were co-processed in 2022. Parkland monetizes primarily through transaction-based revenue from per-gallon/litre fuel sales across retail, commercial cardlock, and wholesale channels, supplemented by convenience store merchandising, food services royalties and direct sales, residential heating oil delivery and equipment, and carbon compliance services (offsets, RINs, LCFS credits). Customers range from individual retail drivers (serving over 1 million daily) and residential heating customers to commercial trucking fleets and industrial buyers, with no meaningful customer concentration given the long-tail consumer and distributed commercial base.

As of November 1, 2025, Parkland operates as a privately held subsidiary of Sunoco LP (itself owned by Energy Transfer), combining approximately 8,000 retail and commercial locations and 14,000 miles of pipeline infrastructure into one of the largest independent fuel distribution and logistics platforms in the Americas.

Name

Parkland

Legal name

Parkland Fuel Corporation

Website

https://parkland.ca

Company type

Private

Founded year

1968

Operating status

Acquired

Headcount range

1,001–5,000 employees

Short description

Parkland Corporation is a Calgary-based integrated fuel distribution, convenience retail, and refining company operating 4,000+ retail locations and 215+ cardlock sites across 26 countries, serving individual drivers, commercial fleets, industrial buyers, and residential heating customers; it was acquired by Sunoco LP on November 1, 2025.

Ownership category

akta.pro rank

Product category

Fuel Distribution and Convenience Retail

NAICS

Gasoline Stations and Fuel Dealers (457), Fuel Dealers (457210), Petroleum Bulk Stations and Terminals (424710)

SIC

Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Convenience Retail & Foodservice at Forecourts (C-Store/QSR) (EUALAIAE)

akta.pro secondary industries

Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery) (EUALAIAD), Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB), Unbranded/Spot Fuels Distribution (Rack Sales) (EUALAIAC)

Keywords

• Fuel distribution
• Retail fuel stations
• Convenience retail
• Renewable fuels
• Commercial fuels

Headquarters

HQ city

Charleston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Retail Fuel Sales: Sale of petroleum fuels (gasoline, diesel) through owned and operated retail fuel stations across 26 countries. Revenue generated through per-gallon/ litre transactions at retail locations.
2. Convenience Retail: Sale of convenience items, prepared foods, and beverages through ON the RUN and other convenience store formats. Includes food services (Bistro coffee, Triple O's, M&M Food Market meals).
3. Commercial Fuel & Lubricants: Bulk fuel, heating oil, lubricants, and related products sold to commercial, industrial, and residential customers through cardlock networks and direct delivery.
4. Refining & Supply Trading: Trading and marketing of liquid petroleum gases, crude oil, heavy fuel oil, refined fuels, and bio-fuel products. Operates as wholesalers, transporters, suppliers, and marketers.
5. Renewable Fuels: Production and sale of lower-carbon fuel products through co-processing at Burnaby Refinery, including renewable diesel, biodiesel, and renewable propane.
6. Carbon Compliance Services: Services to help customers meet carbon market requirements, low carbon fuel standards, and renewable fuel obligations globally. Includes carbon offsets, allowances, RINs, and LCFS credits.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

Parkland Corporation operates a vertically integrated fuel distribution and convenience retail platform spanning Retail (fuel stations under brands like Pioneer, FasGas Plus, Ultramar, Chevron, Esso, Superpumper; ON the RUN convenience stores with food services including Bistro coffee, Triple O's, and M&M Food Market meals; JOURNIE Rewards loyalty program; and EV charging), Commercial (215+ cardlock fueling locations, residential heating oil delivery and equipment, and bulk commercial fuels and lubricants), and Refining & Supply (Burnaby Refinery operations including the first North American facility to co-process bio-feedstocks, energy trading through Elbow River Marketing, and integrated multi-modal supply chain logistics with over 2,000 rail cars, pipelines, and terminals).

Product overview

Parkland Corporation operates as an integrated fuel distribution and convenience retail platform offering three core business segments: Retail (fuel stations, convenience stores, EV charging, loyalty programs, and food services), Commercial (cardlock, residential heating, and commercial fuels/lubricants), and Refining & Supply (refining, trading, supply chain logistics, and renewable fuels). The company markets fuels under multiple regional brands including ON the RUN convenience stores, JOURNIE Rewards loyalty program, Elbow River Marketing, and renewable fuels through co-processing at the Burnaby Refinery. As of November 2025, Parkland was acquired by Sunoco LP, forming one of the largest independent fuel distribution and logistics platforms in the Americas with approximately 8,000 retail and commercial locations across 26 countries.

Differentiator

Problem solved

Functional benefit

Brands

• ON the RUN: Flagship convenience store brand offering bright and inviting rest stops with great food and coffee, Bistro coffee made with freshly ground Arabica beans, and convenience store products.
• JOURNIE Rewards
• Bistro at ON the RUN
• 59th Street
• Cargō

Products and services

• Retail Fuel Stations

Quantifiable outcome

• Fuels with 80% less carbon intensity through co-processing technology
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• CIBCcoreGTM or Marketing PartnerCIBC is a financial partner for the JOURNIE Rewards program, allowing eligible CIBC cardholders to link accounts and save up to 10¢/L on fuel when using their card with their Journie account.
• AeroplancoreGTM or Marketing PartnerAeroplan is a rewards partner for JOURNIE Rewards program, allowing members to earn 300 Aeroplan points at the end of each JOURNIE Rewards cycle instead of the 7¢/L gas discount.
• University of British ColumbiaminorStrategic or Co-development PartnerResearch partnership with University of British Columbia to explore new and emerging opportunities and trends in the global renewable fuels sector.
• M&M Food MarketcoreGTM or Marketing PartnerFood services partnership bringing M&M Food Market meals to ON the RUN convenience store locations, offering prepared meals for customers on the go.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Marathon Petroleum Corporation: Major US refiner and fuel marketer with integrated refining-to-retail operations through Speedway/MPLX. Comparable in the downstream value chain at significantly larger scale, with similar focus on refining margin optimization and renewable fuels.
• Phillips 66: Integrated downstream energy company with refining, midstream, and marketing operations. Comparable in the refining and fuel marketing/wholesale segments at much larger scale, competing for renewable fuel credit economics and BC/West Coast supply.

Direct peers

• Murphy USA: US-focused fuel retailer and convenience operator with approximately 1,750 locations. Direct competitor in the North American retail fuel space with similar convenience-store-anchored model and strategic focus on low-cost retail fuel.
• Global Partners LP: Northeast US-based fuel distribution and convenience retail operator. Comparable combined wholesale/retail model with overlapping cardlock, heating oil, and convenience store segments competing with Parkland's commercial portfolio.
• Alimentation Couche-Tard: Operator of the Circle K convenience store network and one of the largest independent fuel retailers in North America. Direct competitor to Parkland in retail fuel and convenience retail, with overlapping Canadian presence and similar scale ambitions.
• Sunoco LP: Master limited partnership now operating as Parkland's parent company. Operates 11,000+ retail locations, 14,000 miles of pipeline, and 160+ terminals; is the most direct fuel distribution peer and now consolidated counterparty.
• ARKO Corp: US convenience store and fuel marketing company operating 1,300+ locations across 30+ states. Comparable wholesale and retail fuel platform with similar GPM Energy and fleet cardlock businesses overlapping Parkland's commercial segment.
• Casey's General Stores: Midwest US convenience store and fuel retailer with 2,900+ locations. Competes directly with Parkland in retail fuel and prepared food/convenience offerings, with comparable scale and a similar focus on private-label food attach.

Regional players

• World Kinect Corporation: Global fuel and energy products distributor serving aviation, marine, land, and industrial customers. Comparable in commercial/residential fuel distribution and trading segments, particularly relevant to Elbow River Marketing's wholesale activities.

Others

• Parkland Corp (pre-acquisition TSX:PKI): Historical reference to Parkland as a standalone TSX-listed entity. Now consolidated into Sunoco LP, but the prior public-co disclosures and strategy documents serve as the most direct comparable for assessing the business on a standalone basis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/parkland-usa
• Instagraminstagram.com/parklandcorporation/?hl=en
• Xx.com/ParklandCorp

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Parkland