CaribPR Wire

These appointments follow the company’s recent transition to a fully independent, Bahamian-led operating model, including the conclusion of Island Grid Solutions’ management role and the appointment of new executive leadership.

Mr. Sawyer is a senior financial attorney with over 20 years of experience across corporate law, banking, and financial services. He brings deep expertise in regulatory strategy, risk management, and corporate governance.

Ms. Symonette is President and Director of Super Value Food Stores Limited and a Certified Public Accountant with over 25 years of financial leadership experience. She has held senior roles in accounting, audit, and corporate governance, and currently serves as a Director of Commonwealth Bank.

“With these appointments, BGC continues to strengthen its governance as we move forward as a fully Bahamian-led organization,” said Anthony Ferguson, Chairman of BGC. “Nikolai and Debra bring extensive legal, financial, and operational experience that will support the company’s long-term performance and accountability.”

“This is an important step in BGC’s continued evolution,” said Dareo McKenzie, Chief Executive Officer. “I look forward to working with the Board to drive long-term performance and reliability across the system.”

The company’s Board of Directors now comprises Anthony Ferguson (Chairman), Nikolai Sawyer, and Debra Symonette.

About Bahamas Grid Company

Bahamas Grid Company (BGC) is a utility company in New Providence responsible for upgrading, maintaining, and operating the island’s transmission and distribution infrastructure, with the goal of delivering reliable, resilient, and sustainable power to all residents and businesses.

Logo – https://mma.prnewswire.com/media/2963568/Bahamas_Grid_Company_Logo.jpg

This leadership transition follows the conclusion of Island Grid Solutions’ (IGS) management role on April 20, 2026, and the stepping down of Eric Pike and Mei Shibata from their positions at BGC.

“We are honored to have had the opportunity to set up BGC and conduct the biggest grid upgrade project for New Providence, over the past two years,” said Eric Pike, Former Chairman of BGC. “I would like to recognize the dedicated employees of IGS, Pike, and BGC, whose hard work and commitment were instrumental to this achievement, and extend our best wishes for BGC’s continued success.”

“On behalf of the Board, I want to thank Eric, Mei, and the entire IGS team for their leadership and expertise in building BGC into a fully operational utility and strengthening New Providence’s transmission and distribution system,” said Anthony Ferguson, Chairman of BGC. “We now move forward as a fully Bahamian-led organization, focused on delivering long-term performance for our country, our children, and our grandchildren.”

Mr. McKenzie brings more than 30 years of leadership experience across the energy and infrastructure sectors, including senior operational roles at GE Vernova and Consolidated Edison of New York. He has led large-scale grid modernization and construction programs, managed billion-dollar capital portfolios, and delivered complex energy projects focused on reliability, resilience, and operational performance.

Ms. Fernander is a Certified Public Accountant with more than two decades of executive financial leadership in regulated environments. As former Chief Financial Officer of Commonwealth Bank, she oversaw enterprise-wide financial strategy, capital planning, treasury, and regulatory compliance, and brings deep expertise in governance, financial discipline, and institutional accountability.

“Together, Dareo and Gladys bring the operational and financial leadership required to grow a resilient, high-performing utility,” Ferguson added. “Just as importantly, this transition reflects the strength and capability of Bahamian leadership at every level of the organization.”

Over the past two years, BGC has made meaningful progress in strengthening New Providence’s electricity network, improving reliability by almost 50% and updating its critical infrastructure through a $130M grid upgrade project. With the transition to full independence, the company will now be focused on the disciplined management of the system to ensure its long-term system performance.

About Bahamas Grid Company

Bahamas Grid Company (BGC) is a utility company in New Providence that is responsible for upgrading, maintaining, and operating New Providence’s transmission and distribution infrastructure, with the goal of delivering reliable, resilient, and sustainable power to all residents and businesses.

Logo – https://mma.prnewswire.com/media/2652249/5924097/Island_Grid_Logo.jpg

That first export marked the beginning of a new era for LNG in the United States and laid the foundation for what has become a decade of safe, reliable operations at Sawgrass LNG & Power’s Miami liquefaction facility and at customer sites across the region.

Since that milestone, Sawgrass LNG & Power has grown into one of the most experienced LNG suppliers serving customers in the Southeast United States and throughout the Caribbean. Over the past decade, the company has supported a wide range of users, from transportation and industrial customers to resorts and island utilities seeking to transition away from diesel and heavy fuel oil. Sawgrass LNG & Power’s focus on operational safety and reliability has helped customers reduce energy costs, lower emissions, and strengthen system resilience in regions where energy delivery can be particularly challenging.

“We take pride in our place in the history of U.S. LNG and in the industry’s extraordinary growth over the last decade. We are especially proud to have been the first to deliver LNG to Barbados, the Bahamas, and Haiti. Sawgrass looks forward to continuing to grow and support our customers with energy solutions over the next ten years,” said Daniel McLaughlin, President & Chief Commercial Officer.

Today, Sawgrass LNG & Power continues to expand to meet rising demand from customers seeking practical, lower-cost alternatives to conventional liquid fuels across the Florida and Caribbean markets. The company’s deep experience operating in remote markets has made it a trusted partner for utilities, industrial operations, commercial customers, and transportation providers alike. As it enters its second decade, Sawgrass LNG & Power remains committed to the principles that have defined its success: safe operations, reliable service, and strong partnerships with the customers and communities it serves.

About Sawgrass LNG & Power

Sawgrass LNG & Power is a leading provider of LNG supply and gas-to-power solutions, serving a diverse range of customers in the Southeastern U.S. and the Caribbean. Headquartered in Miami, Florida, the company operates a state-of-the-art LNG facility and provides turnkey LNG supply, logistics, and gas-to-power solutions for utilities, industrial users and commercial operators.

Logo – https://mma.prnewswire.com/media/2762051/Sawgrass_LNG__Power_Logo.jpg

LNG has been provided to The Bahamas through Sawgrass’ wholly owned subsidiary, American LNG Marketing LLC, the only company to have ever delivered LNG from the United States to The Bahamas. American LNG Marketing made history in 2016 as the first exporter of LNG from the continental United States to a non–Free Trade Agreement country, beginning with deliveries to Barbados. This historic achievement marked a new chapter in American energy engagement in the region and was followed one year later by the first LNG shipment to The Bahamas.

“We are proud to celebrate eight years of partnership with the Bahamian Government and our customers throughout The Bahamas,” said Daniel McLaughlin, President & Chief Commercial Officer of Sawgrass LNG & Power. “This long-standing collaboration reflects our shared commitment to energy reliability, cleaner fuels, and regional resilience. It also showcases the critical role that U.S. natural gas can play in supporting our Caribbean neighbors.”

Sawgrass has helped industrial users and commercial operators transition away from liquid fuels, reducing emissions, improving efficiency, and strengthening energy security in one of the world’s most logistically complex island environments. The partnership continues to serve as a model of cooperation focused on clean, reliable, and modern energy.

“As countries across the region prioritize cleaner power generation and more secure supply chains, we are proud to support those goals with American-produced LNG,” McLaughlin added. “We are excited to expand our relationship with The Bahamas as the Government advances additional LNG-fueled power generation and continues building a more resilient, lower-emission energy future.”

Sawgrass LNG & Power remains committed to advancing modern energy infrastructure throughout the Caribbean and continuing to supply clean, dependable U.S. natural gas to meet the region’s evolving needs.

About Sawgrass LNG & Power

Sawgrass LNG & Power is a leading provider of LNG supply and gas-to-power solutions, serving a diverse range of customers in the Southeastern U.S. and the Caribbean. Headquartered in Miami, Florida, the company operates a state-of-the-art LNG facility and provides turnkey LNG supply, logistics, and gas-to-power solutions for utilities, industrial users and commercial operators.

About American LNG Marketing LLC

American LNG Marketing LLC, a wholly owned subsidiary of Sawgrass LNG & Power, holds long-term authorizations from the U.S. Department of Energy (DOE) to export LNG to countries with and without U.S. Free Trade Agreements.

Logo – https://mma.prnewswire.com/media/2762051/Sawgrass_LNG__Power_Logo.jpg

Off-grid atmospheric generator produces 400 gallons daily after Category 5 storm, proving renewable technology can outlast catastrophe

CHICAGO, Nov. 17, 2025 /PRNewswire-HISPANIC PR WIRE/ — When Hurricane Melissa slammed into Jamaica with 195-mile-per-hour winds in October 2025, power grids collapsed and water systems failed across the island. But high in the Cockpit Country mountains, one machine refused to quit.

A solar-powered atmospheric water generator deployed by AWG Contracting kept turning humid air into clean drinking water for the autonomous Maroon community of Accompong, producing nearly 400 gallons daily while conventional infrastructure lay in ruins.

“We designed this technology to do one thing — save lives,” said Moses West, founder of AWG Contracting and the engineer behind the innovation. “Hurricane Melissa tested every limit of our engineering. The fact that the machine kept producing water when everything else failed shows what renewable resilience really means.”

“Despite being flipped and battered by hurricane-force winds that overturned steel containers weighing 30,000 and 16,000 pounds, the AWG survived,” said Chief Richard Currie, State of Accompong. “Within 48 hours, once the units were righted, the system was back online—producing clean, drinkable water powered entirely by the sun. That is not only a technological triumph—it is a humanitarian victory.”

“Despite being flipped and battered by hurricane-force winds that overturned steel containers weighing 30,000 and 16,000 pounds, the AWG survived,” said Chief Richard Currie, State of Accompong. “Within 48 hours, once the units were righted, the system was back online—producing clean, drinkable water powered entirely by the sun. That is not only a technological triumph—it is a humanitarian victory.”

Operating entirely on solar energy, the MWF system survived the Category 5 storm. When Melissa’s winds overturned the 40-foot container housing the generator and its solar array, local technicians, working with remote guidance from the AWG Contracting team, dried electrical compartments, replaced minor components, and restored full operation within hours.

The Accompong installation is the only atmospheric water system in Jamaica powered solely by renewable energy, and now stands as living proof that decentralized, off-grid infrastructure can endure extreme weather while providing life-saving resources.

A Growing Legacy of Water Security

From Flint, Michigan, to Puerto Rico and Jackson, Mississippi, the AWG Contracting has delivered safe water where conventional networks collapse. The Foundation’s atmospheric-water technology is now viewed by global adaptation planners as a vital model for building resilience against climate-driven droughts, contamination, and storm damage.

“If we can make water in a hurricane, we can make it anywhere,” West added. “This technology gives communities control over the most basic resource on earth: using nothing but sunlight and air.”

The system emits no carbon, uses no chemicals, and requires no pipeline or groundwater extraction: a portable, sustainable blueprint for humanitarian and emergency response worldwide.

About AWG Contracting
AWG Contracting designs and manufactures solar-powered atmospheric water systems and is expanding U.S. production through a $25 million clean-manufacturing project to deliver sustainable, deployable water infrastructure worldwide.

About The Moses West Foundation
The Moses West Foundation is a U.S.-based nonprofit dedicated to bringing renewable, atmospheric-water systems to communities lacking safe drinking water. Founded by Army Ranger and engineer Moses West, the Foundation has deployed life-saving water technology across disaster-affected and underserved regions in the Americas and Caribbean. The is a point specific, resilient, reliable, 100% renewable source of infinite water.

Photo – https://mma.prnewswire.com/media/2824368/Moses_West_Founder_and_CEO_of_AWG_Consulting.jpg
Logo – https://mma.prnewswire.com/media/2824367/AWG_Contracting_Logo.jpg

Parkland shares are expected to be delisted from the Toronto Stock Exchange as of the close of markets on Tuesday, November 4, 2025, and, until such time, will continue to be traded on the Toronto Stock Exchange. The Common Units of SunocoCorp LLC (”SunocoCorp”) to be received by Parkland shareholders in connection with the Transaction will begin trading on the New York Stock Exchange on Thursday, November 6, 2025 under the ticker symbol “SUNC” following the settlement of the Parkland shares and completion of the allocation process for the SunocoCorp Common Units.¹

About Sunoco and SunocoCorp

Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating across 32 countries and territories in North America, the Greater Caribbean, and Europe. The Partnership’s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 160 terminals. This critical infrastructure complements the Partnership’s fuel distribution operations, which distribute over 15 billion gallons annually to approximately 11,000 Sunoco and partner-branded retail locations, as well as independent dealers and commercial customers. SUN’s general partner is owned by Energy Transfer LP (NYSE: ET).

SunocoCorp (NYSE: SUNC) is a publicly traded limited liability company that owns a direct limited partner interest in Sunoco LP.

SUN and SUNC are headquartered in Dallas, Texas. More information is available at www.sunocolp.com

Forward-Looking Statements

This news release may include certain statements concerning expectations for the future that are forward-looking statements or forward-looking information under applicable Canadian securities laws (collectively, “forward-looking statements”), including without limitation statements regarding the delisting of the Parkland shares from the Toronto Stock Exchange and the timing for the commencement of trading of the SunocoCorp Common Units on the New York Stock Exchange. Forward-looking statements often address future business and financial events, conditions, expectations, plans or ambitions, and often include, but are not limited to, words such as “believe,” “expect,” “may,” “will,” “should,” “could,” “would,” “anticipate,” “estimate,” “intend,” “plan,” “seek,” “see,” “target” or similar expressions, or variations or negatives of these words, but not all forward-looking statements include such words. Forward-looking statements are based upon current plans, estimates, expectations and ambitions and are subject to a variety of known and unknown risks, uncertainties, assumptions and other factors that are difficult to predict, many of which are beyond management’s control and that could cause actual results to differ materially from those expressed in such forward-looking statements, including factors associated with the timing for the completion of the de-listing process and the settlement procedures and allocation process for the delivery of SunocoCorp Common Units. These risks, as well as other risks associated with Parkland are discussed in Parkland’s annual information for the year ended December 31, 2024 and other documents filed from time to time by Parkland with Canadian securities regulatory authorities. Parkland does not undertake any obligation to update or revise any forward-looking statement to reflect new information or events, unless required by law.

Contacts


Investors:
Scott Grischow, Treasurer, Senior Vice President – Finance
(214) 840-5660, [email protected]

¹ Sunoco indirectly acquired, through its wholly owned subsidiary 2709716 Alberta ULC (the “Purchaser”), all of the issued and outstanding Parkland shares. Immediately before the effective time, Sunoco did not own any Parkland shares. Each Parkland shareholder immediately before the effective time will receive, for each Parkland share held: (i) C$44.00 in cash, (ii) approximately 0.536 common units representing limited liability company interests in SunocoCorp (”SunocoCorp Units”), or (iii) C$19.80 in cash and 0.295 SunocoCorp Units, subject to elections, proration, maximum amounts and adjustments in accordance with the plan of arrangement, details of which may be found in the management information circular and proxy statement of Parkland dated May 26, 2025, resulting in total consideration of approximately C$3,457,770,643.42 in cash and 51,517,198 SunocoCorp Units. An early warning report will be filed under Parkland’s SEDAR+ profile at www.sedarplus.ca. To obtain a copy, please contact Sunoco LP, 8111 Westchester Drive, Suite 400 Dallas, TX 75225, United States, Attn: Scott Grischow, Treasurer, Senior Vice President – Finance, Tel: (214) 840-5660. The Purchaser’s address is 4200 Bankers Hall West, 888 – 3rd Street S.W., Calgary, Alberta T2P 5C5, Canada. Parkland’s head office is located at Suite 1800, 240 4th Avenue SW, Calgary, Alberta T2P 4H4, Canada.

Logo – https://mma.prnewswire.com/media/2811390/Parkland_logo.jpg

The Transaction is expected to close in the fourth quarter of 2025, subject to obtaining certain remaining regulatory approvals and the satisfaction or waiver of customary closing conditions.

About Parkland Corporation

Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in twenty-six countries across the Americas. Parkland’s retail network meets the fuel, and convenience needs of everyday consumers. Parkland’s commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting its customers’ needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact, including manufacturing and blending renewable fuels, ultra-fast EV charging, a variety of solutions for carbon credits and renewables, and solar power. With approximately 4,000 retail and commercial locations across Canada, the United States, and the Caribbean region, Parkland has developed supply, distribution, and trading capabilities to accelerate growth and business performance.

Parkland’s strategy is focused on two interconnected pillars: its Customer Advantage and its Supply Advantage. Through its Customer Advantage, Parkland aims to be the first choice of its customers through its proprietary brands, differentiated offers, extensive network, competitive pricing, reliable service, and compelling loyalty program. Parkland’s Supply Advantage is based on achieving the lowest cost to serve among independent fuel marketers and distributors in the hard-to-serve markets in which it operates, through its well-positioned assets, significant scale, and deep supply and logistics capabilities. Parkland’s business is underpinned by our people and our values of safety, integrity, community, and respect, which are embedded across its organization.

About Sunoco LP

Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico. The Partnership’s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 100 terminals. This critical infrastructure complements the Partnership’s fuel distribution operations, which serve approximately 7,400 Sunoco and partner branded locations and additional independent dealers and commercial customers. SUN’s general partner is owned by Energy Transfer LP (NYSE: ET).

Forward-Looking Statements

Certain statements contained herein constitute forward-looking information and statements (collectively, “forward looking statements”). When used in this news release, the word “expect”, “subject to” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the completion of the Transaction and the timing thereof.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These forward-looking statements speak only as of the date hereof. Neither Parkland nor Sunoco undertakes any obligation to publicly update or revise any forward-looking statements except as required by securities laws. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties including, but not limited to: general economic, regulatory, market and business conditions; the completion of the Transaction on the anticipated terms and timing, or at all, including obtaining certain remaining regulatory approvals and the satisfaction or waiver of customary closing conditions; actions by persons or others; the risk that disruptions from the Transaction will harm Sunoco’s or Parkland’s business, including current plans and operations and that management’s time and attention will be diverted on Transaction-related issues; potential adverse reactions or changes to business relationships, including with employees, suppliers, customers, competitors or credit rating agencies, resulting from the Transaction; the potential for modification or adjustment of the arrangement agreement governing the terms of the Transaction; potential business uncertainty, including the outcome of commercial negotiations and changes to existing business relationships during the pendency of the Transaction that could affect Sunoco’s and/or Parkland’s financial performance and operating results; and certain restrictions during the pendency of the Transaction that may impact Parkland’s ability to pursue certain business opportunities or strategic transactions or otherwise operate its business. See also the risks and uncertainties described (i) under the headings “Cautionary Statement Regarding Forward-Looking Information” and “Risk Factors” in Parkland’s current Annual Information Form dated March 5, 2025, under the headings “Forward-Looking Information” and “Risk Factors” in the Q2 Management’s Discussion and Analysis dated August 5, 2025, and under the heading “Risk Factors” in Parkland’s management information circular and proxy statement dated May 26, 2025, each as filed on SEDAR+ and available on Parkland’s website at www.parkland.ca, (ii) in Item 1A of Sunoco’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (”SEC”) on February 14, 2025 and in Item 1A of Sunoco’s Quarterly Reports on Form 10-Q, filed with the SEC on May 8, 2025 and August 7, 2025.

The forward-looking statements contained herein are expressly qualified by this cautionary statement.

For Further Information : Investor Inquiries, 1-855-355-1051, [email protected]

Early results show the project is already transforming electricity delivery, with outages declining sharply and thousands of customers now experiencing enhanced service quality.

Building a Stronger, More Resilient Grid

Progress on the $130 million initiative is well ahead of schedule—28% faster than planned—with major infrastructure improvements completed or underway:

• 144 new steel poles installed, replacing aging wooden structures and providing Category 5 hurricane-grade resilience.
• 153,120 feet of transmission cable reconductored with double-sized wire to accommodate future load growth and new generation sources.
• 42,240 feet of distribution cable reconductored to remediate system vulnerabilities and support expanding customer demand.
• Three new substations under construction to enhance system protection and enable rerouting of power to prevent large-scale outages.

Leveraging Smart Technologies to Reduce Outages

The deployment of advanced grid technologies is delivering measurable results in outage reduction and faster response times:

• 47 IntelliRupters installed on high-risk feeders to reduce both the number of outages and the customers affected by them.
• 137,280 feet of OPGW fiber cable replaced to enable remote operations, protection devices, and the integration of smart technologies across the grid.
• A new integrated Work Management System is being implemented to track upgrades and customer connections while providing real-time outage response — a first for The Bahamas.

Direct Public Benefits Already Visible

The positive impact of these upgrades is being felt by homes and businesses across New Providence:

• 49,000 homes in historically outage-prone areas are now experiencing far fewer interruptions.
• 16,000 homes have benefited from load-balancing efforts that improve power quality and extend the lifespan of home appliances.
• Proactive patrols and maintenance on 70 circuit miles of high-risk areas are reducing potential storm damage before it occurs.
• 86% reduction in outages for customers downstream of IntelliRupters.

Six months into implementation, the Foundational Grid Upgrade Project is already delivering measurable reliability improvements, laying the groundwork for a more secure and sustainable energy system for New Providence.

About Us
Bahamas Grid Company (BGC), established through a public-private partnership, is a wires company that operates and manages the transmission and distribution system (T&D System) – i.e., the poles, wires and substations that distribute power – across the island of New Providence in The Bahamas.

Website: https://bahamasgrid.net/

Photo – https://mma.prnewswire.com/media/2791615/Island_Grid_BGC_Working_on_the_Distribution_System.jpg

Logo – https://mma.prnewswire.com/media/2652249/Island_Grid_Logo.jpg

For complete instructions, please refer to the letter of transmittal and election form previously mailed to registered shareholders on September 11, 2025 and the associated press release issued by the Company on the same day, each available on www.parkland.ca and the Company’s profile on SEDAR+ at www.sedarplus.ca.

Beneficial (non-registered) shareholders whose Company Shares are registered in the name of an intermediary such as a broker, investment dealer, bank, trust company, trustee, nominee or other intermediary should not use the letter of transmittal but rather should contact their intermediary for instructions and assistance in depositing their Company Shares and electing the form of consideration they wish to receive. Every intermediary has its own procedures with respect to the election and may have an earlier election deadline.

The Sunoco Arrangement is expected to close in the fourth quarter of 2025, subject to obtaining certain remaining regulatory approvals and the satisfaction or waiver of customary closing conditions.

About Parkland Corporation

Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in twenty-six countries across the Americas. Our retail network meets the fuel, and convenience needs of everyday consumers. Our commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting our customers’ needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact, including manufacturing and blending renewable fuels, ultra-fast EV charging, a variety of solutions for carbon credits and renewables, and solar power. With approximately 4,000 retail and commercial locations across Canada, the United States, and the Caribbean region, we have developed supply, distribution, and trading capabilities to accelerate growth and business performance.

Forward-Looking Statements

Certain statements contained herein constitute forward-looking information and statements (collectively, “forward looking statements”). When used in this press release, the words “expect”, “may”, “shall”, “will”, and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements with respect to, among other things, the Election Deadline, the completion of the Sunoco Arrangement and the expected timing thereof, the receipt of the remaining key regulatory approvals that are a condition to completing the Sunoco Arrangement and the satisfaction or waiver of customary closing conditions.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These forward-looking statements speak only as of the date hereof. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities laws. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties including, but not limited to: general economic, regulatory, market and business conditions; the completion of the Sunoco Arrangement on anticipated terms and the closing date thereof, or at all, including obtaining certain remaining regulatory approvals and the satisfaction or waiver of customary closing conditions; Parkland’s ability to execute its business strategy; action by other persons or companies; the consideration to be received by Parkland shareholders is subject to proration, maximum amounts and adjustments, such that a Parkland shareholder may not receive all of the consideration in the form that they elect to receive; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described under the headings “Cautionary Statement Regarding Forward-Looking Information” and “Risk Factors” in Parkland’s current Annual Information Form dated March 5, 2025, under the headings “Forward-Looking Information” and “Risk Factors” in the Q2 Management’s Discussion and Analysis dated August 5, 2025, and under the heading “Risk Factors” in Parkland’s management information circular and proxy statement dated May 26, 2025, each as filed on SEDAR+ and available on Parkland’s website at www.parkland.ca.

The forward-looking statements contained herein are expressly qualified by this cautionary statement.

For Further Information: Investor Inquiries, 1-855-355-1051, [email protected]

Logo – https://mma.prnewswire.com/media/2791212/Parkland_Corporation_Parkland_Corporation_Announces_Election_Dea.jpg

The company’s 23 new Bahamian workers bring decades of expertise spanning construction, utilities, energy, and technical services. Among the new recruits are 11 former Bahamas Power & Light (BPL) employees, strengthening BGC’s operational capacity as it continues to modernize New Providence’s grid.

“I’ve worked in the energy industry for over 30 years. I saw BGC and Pike work together and it made me start to dream again,” said Darrio, Manager of Field Operations. “I wanted that experience to be a part of my country’s development and clear the path for the younger Bahamians.”

The additions include:

• Leadership & Management: Four senior leaders with a combined 100+ years of experience in energy, construction, and utilities.
• Field Operations: Over 30% of the new hires are groundmen, the entry-level role for future line workers.
• Specialized Roles: Experienced technicians and operators with nearly 70 years of combined industry expertise make up another 20% of the new workforce.
• Foremen: Three new crew leaders with 90+ years of utility experience.
• Warehouse & Procurement: Three new specialists to strengthen material and inventory management.

This recruitment push is part of BGC’s phased strategy to build a modern, resilient grid for New Providence. Alongside infrastructure upgrades to both the transmission and distribution systems, the company is investing heavily in recruiting, training and partnerships with local institutions to develop home-grown talent who will continue to manage New Providence’s grid.

“As a proud Bahamian and HR professional with international experience, I am excited to help shape the future of Bahamas Grid Company,” said Steven, Manager of Human Resources. “Our focus is on building a professional and hard-working culture where safety, innovation, and growth define how we work.”

BGC’s investment in both people and technology reflects its mission: to modernize The Bahamas’ energy infrastructure and to empower the Bahamian workforce that will sustain it for generations to come.

Website: https://bahamasgrid.net/

Photo – https://mma.prnewswire.com/media/2782283/Island_Grid_Company_at_job_site.jpg

The expiration of the waiting period under the HSR Act satisfies an important regulatory approval necessary for the completion of the Transaction, which is expected to close in the fourth quarter of 2025, subject to obtaining other regulatory approvals and the satisfaction of certain customary closing conditions.

About Parkland Corporation

Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in twenty-six countries across the Americas. Parkland’s retail network meets the fuel, and convenience needs of everyday consumers. Parkland’s commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting its customers’ needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact, including manufacturing and blending renewable fuels, ultra-fast EV charging, a variety of solutions for carbon credits and renewables, and solar power. With approximately 4,000 retail and commercial locations across Canada, the United States, and the Caribbean region, Parkland has developed supply, distribution, and trading capabilities to accelerate growth and business performance.

Parkland’s strategy is focused on two interconnected pillars: its Customer Advantage and its Supply Advantage. Through its Customer Advantage, Parkland aims to be the first choice of its customers through its proprietary brands, differentiated offers, extensive network, competitive pricing, reliable service, and compelling loyalty program. Parkland’s Supply Advantage is based on achieving the lowest cost to serve among independent fuel marketers and distributors in the hard-to-serve markets in which it operates, through its well-positioned assets, significant scale, and deep supply and logistics capabilities. Parkland’s business is underpinned by our people and our values of safety, integrity, community, and respect, which are embedded across its organization.

About Sunoco LP

Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico. The Partnership’s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 100 terminals. This critical infrastructure complements the Partnership’s fuel distribution operations, which serve approximately 7,400 Sunoco and partner branded locations and additional independent dealers and commercial customers. SUN’s general partner is owned by Energy Transfer LP (NYSE: ET).

Forward-Looking Statements

Certain statements contained herein constitute forward-looking information and statements (collectively, “forward looking statements”). When used in this news release, the word “expect” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things: the completion of the Transaction and the timing thereof.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These forward-looking statements speak only as of the date hereof. Neither Parkland nor Sunoco undertakes any obligation to publicly update or revise any forward-looking statements except as required by securities laws. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties including, but not limited to: general economic, regulatory, market and business conditions; the completion of the Transaction on the anticipated terms and timing, or at all, including obtaining regulatory approvals and the satisfaction or waiver of customary closing conditions ; actions by persons or others; the risk that disruptions from the Transaction will harm Sunoco’s or Parkland’s business, including current plans and operations and that management’s time and attention will be diverted on Transaction-related issues; potential adverse reactions or changes to business relationships, including with employees, suppliers, customers, competitors or credit rating agencies, resulting from the Transaction; the potential for modification or adjustment of the arrangement agreement governing the terms of the Transaction; potential business uncertainty, including the outcome of commercial negotiations and changes to existing business relationships during the pendency of the Transaction that could affect Sunoco’s and/or Parkland’s financial performance and operating results; and certain restrictions during the pendency of the Transaction that may impact Parkland’s ability to pursue certain business opportunities or strategic transactions or otherwise operate its business. See also the risks and uncertainties described (i) under the headings “Cautionary Statement Regarding Forward-Looking Information” and “Risk Factors” in Parkland’s current Annual Information Form dated March 5, 2025, under the headings “Forward-Looking Information” and “Risk Factors” in the Q2 Management’s Discussion and Analysis dated August 5, 2025, and under the heading “Risk Factors” in Parkland’s management information circular and proxy statement dated May 26, 2025, each as filed on SEDAR+ and available on Parkland’s website at www.parkland.ca, (ii) in Item 1A of Sunoco’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (”SEC”) on February 14, 2025 and in Item 1A of Sunoco’s Quarterly Reports on Form 10-Q, filed with the SEC on May 8, 2025 and August 7, 2025.

The forward-looking statements contained herein are expressly qualified by this cautionary statement.

For Further Information; Investor Inquiries, 1-855-355-1051, [email protected].

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The Letter of Transmittal outlines the necessary documentation and information required from each registered shareholder to obtain the consideration to which they are entitled under the Sunoco Arrangement and make an election with respect to the form of consideration they wish to receive, as further described below. Registered shareholders should refer to the instructions contained in the Letter of Transmittal to ensure they provide the required documentation and information to the depositary for the Sunoco Arrangement, Computershare Investor Services Inc., in order to validly deposit their Company Shares and elect the form of consideration they wish to receive.

The Letter of Transmittal is for use by registered shareholders only. Beneficial (non-registered) shareholders whose Company Shares are registered in the name of an intermediary such as a broker, investment dealer, bank, trust company, trustee, nominee or other intermediary should not use the Letter of Transmittal but rather should contact their intermediary for instructions and assistance in depositing their Company Shares and electing the form of consideration they wish to receive. Every intermediary has its own procedures with respect to the election and may have an earlier election deadline.

Pursuant to the Plan of Arrangement¹, in exchange for each Company Share, Parkland shareholders can elect to receive one of the following three options:

• C$19.80 in cash and 0.295 common units of SunocoCorp¹ (”SunocoCorp Units”), which will be listed on the NYSE upon the closing of the Sunoco Arrangement (the “Combination Elected Consideration”),
• C$44.00 in cash (the “Cash Elected Consideration”), or
• Approximately 0.536 SunocoCorp Units (the “Unit Elected Consideration”).

The Cash Elected Consideration and Unit Elected Consideration are subject to proration, maximum amounts and adjustments in accordance with the Plan of Arrangement. If a registered shareholder does not deposit a properly completed Letter of Transmittal prior to the deadline to make an election in respect of the consideration receivable in exchange for their Company Shares pursuant to the Sunoco Arrangement (the “Election Deadline”), or otherwise fails to comply with the requirements under the Plan of Arrangement and Letter of Transmittal with respect to such election and deposit of their Company Shares, such registered shareholder will be deemed to have elected to receive the Combination Elected Consideration.

The Election Deadline has not been determined. Parkland will announce the Election Deadline prior to the closing date of the Sunoco Arrangement.

About Parkland Corporation

Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in twenty-six countries across the Americas. Our retail network meets the fuel, and convenience needs of everyday consumers. Our commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting our customers’ needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact, including manufacturing and blending renewable fuels, ultra-fast EV charging, a variety of solutions for carbon credits and renewables, and solar power. With approximately 4,000 retail and commercial locations across Canada, the United States, and the Caribbean region, we have developed supply, distribution, and trading capabilities to accelerate growth and business performance.

Forward-Looking Statements

Certain statements contained herein constitute forward-looking information and statements (collectively, “forward looking statements”). When used in this news release, the words “expect”, “may”, “will”, and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the determination and announcement of the Election Deadline and the closing of the Sunoco Arrangement.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These forward-looking statements speak only as of the date hereof. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities laws. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties including, but not limited to: general economic, regulatory, market and business conditions; the completion of the Sunoco Arrangement on anticipated terms and timing, or at all, including obtaining regulatory approvals and the satisfaction or waiver of other customary closing conditions; Parkland’s ability to execute its business strategy; action by other persons or companies; the consideration to be received by Parkland shareholders is subject to proration, maximum amounts and adjustments, such that a Parkland shareholder may not receive all of the consideration in the form that they elect to receive; the anticipated effective date of the Sunoco Arrangement may be changed or delayed and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described under the headings “Cautionary Statement Regarding Forward-Looking Information” and “Risk Factors” in Parkland’s current Annual Information Form dated March 5, 2025, under the headings “Forward-Looking Information” and “Risk Factors” in the Q2 Management’s Discussion and Analysis dated August 5, 2025, and under the heading “Risk Factors” in Parkland’s management information circular and proxy statement dated May 26, 2025, each as filed on SEDAR+ and available on Parkland’s website at www.parkland.ca.

The forward-looking statements contained herein are expressly qualified by this cautionary statement.

For Further Information: Investor Inquiries, 1-855-355-1051, [email protected]

About Parkland Corporation

Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in 26 countries across the Americas. Our retail network meets the fuel and convenience needs of everyday consumers. Our commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting our customers’ needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact, including manufacturing and blending renewable fuels, ultra-fast EV charging, a variety of solutions for carbon credits and renewables, and solar power. With approximately 4,000 retail and commercial locations across Canada, the United States and the Caribbean region, we have developed supply, distribution and trading capabilities to accelerate growth and business performance.

Our strategy is focused on two interconnected pillars: our Customer Advantage and our Supply Advantage. Through our Customer Advantage, we aim to be the first choice of our customers through our proprietary brands, differentiated offers, extensive network, competitive pricing, reliable service, and compelling loyalty program. Our Supply Advantage is based on achieving the lowest cost to serve among independent fuel marketers and distributors in the hard-to-serve markets in which we operate, through our well-positioned assets, significant scale, and deep supply and logistics capabilities. Our business is underpinned by our people and our values of safety, integrity, community and respect, which are embedded across our organization.

For Further Information: Investor Inquiries: 1-855-355-1051, [email protected]

Under the agreement, Sawgrass LNG & Power will continue to provide LNG to support Barbados’ growing energy needs. This award reflects the two companies’ nearly decade-long collaboration and Sawgrass’s consistent record of operational excellence, reliability and innovation in delivering energy solutions uniquely tailored to the Caribbean region.

“At BNECL, LNG plays a critical transitional role in our long-term vision of strategically diversifying our energy mix beyond traditional fossil fuels toward a more resilient, low-emissions energy system. As an island economy, Barbados faces unique energy challenges that demand adaptability and resilience. This partnership enables us to focus on both short-term energy stability, the incremental integration of intermittent renewable sources like solar and wind in addition to adding battery energy storage systems (BESS), for the long-term sustainability of our people, country and planet,” Said James Browne, Officer-In-Charge of BNECL.

“We are honored to continue supporting Barbados and BNECL with dependable, lower-emissions energy,” said Daniel McLaughlin, President & Chief Commercial Officer of Sawgrass LNG & Power. “From the beginning of our relationship in 2016, our shared commitment to energy security and sustainability has been at the heart of this partnership. We are excited to build on this foundation and support Barbados’ energy goals and future growth.”

The expanded supply arrangement underscores Sawgrass LNG & Power’s role as a trusted energy partner, serving a growing network of customers across sectors and throughout the Caribbean.

About Sawgrass LNG & Power

Sawgrass LNG & Power is a leading provider of LNG supply and gas-to-power solutions, serving a diverse range of customers in the Southeastern U.S. and the Caribbean. Headquartered in Miami, Florida, the company operates a state-of-the-art LNG facility with a production capacity of 100,000 gallons per day and 270,000 gallons of onsite storage, ensuring cost-effective and reliable energy supply to businesses and communities.

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SHANGHAI, Aug. 20, 2025 /PRNewswire-HISPANIC PR WIRE/ — For years, an island around the Caribbean faced with some operational challenges. Power losses exceeded 20% in key areas. Manual meter reading proved highly inefficient and error-prone, while the island’s corrosive salt fog environment accelerated meter corrosion, driving up maintenance costs. These issues demanded a transformative solution.

CHINT ’s Comprehensive Wi-SUN Solution

Based on these problems, CHINT reached a cooperation with the island and CHINT’s Wi-SUN Smart Metering Solution not only effectively solved these challenges, but also opened the era of intelligent remote meter reading. This Solution includes smart meter devices, the Power Easy AMI system, on-site technical support, installation guidance, and comprehensive system operation training — including software and the PowerEasy platform.

This Wi-SUN smart metering project covers over 3,000 households with CHA120 smart meters, CHG540 concentrators, and CHG590 repeaters for the island. Rolled out in phases, the project replaces traditional meters with a modern AMI system, enabling remote meter reading, real-time monitoring, and efficient grid management.

High Performance:

• 99.79% communication KPI, 99% on-demand remote operation rate
• 50% O&M efficiency improvement
• 35% reduction in manual labor costs
• 21% drop in total line loss

Smarter Grid:

• Remote meter reading & outage reporting
• Grid monitoring and data analysis
• Visualized, efficient operations

Safer & Reliable System:

• Theft detection & system alerts
• Durable devices (waterproof, dustproof, corrosion-resistant)
• Stable communication even in complex terrain

Digital Management:

• One-to-one meter-user match
• Centralized, digital archive system
• Scalable for broader Caribbean deployment

Opened Remote Meter Reading: Customer & Technician Validation

The staff of the electric company in the island said, “The Wi-SUN smart meter scheme allows remote reading, eliminating site visits for manual readings and significantly reducing labor costs.” They highlighted improved customer satisfaction, and end users enjoy instant remote reconnection after payment, saving them a trip. The staff also praised CHINT’s responsive support. The solution enables quick problem response, with solutions actively provided through collaboration with CHINT’s teams.

The local conditions are harsh and the terrain is complex, with hills and dense jungles. Local technicians of the island confirmed the excellent performance of CHINT’s equipment and maintained a very high success rate under local natural conditions. They attach importance to this ability: “CHINT’s solution allows us to judge the Wi-SUN signal strength at each point so that we can conduct independent field investigations in the future. Integrated systems, software and applications have greatly improved our work efficiency.”

A Foundation for the Future

CHINT’s Wi-SUN solution successfully ended the local history of inefficient manual meter reading in the island. More than solving immediate challenges, it delivered a stable, secure, and intelligent power supply system. This project lays the essential foundation for smart city ambitions and provides a proven, replicable model for utilities across the Caribbean facing similar hurdles.

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SHANGHAI, Aug. 20, 2025 /PRNewswire-HISPANIC PR WIRE/ — For years, an island around the Caribbean faced with some operational challenges. Power losses exceeded 20% in key areas. Manual meter reading proved highly inefficient and error-prone, while the island’s corrosive salt fog environment accelerated meter corrosion, driving up maintenance costs. These issues demanded a transformative solution.

CHINT’s Comprehensive Wi-SUN Solution

Based on these problems, CHINT reached a cooperation with the island and CHINT’s Wi-SUN Smart Metering Solution not only effectively solved these challenges, but also opened the era of intelligent remote meter reading. This Solution includes smart meter devices, the Power Easy AMI system, on-site technical support, installation guidance, and comprehensive system operation training — including software and the PowerEasy platform.

This Wi-SUN smart metering project covers over 3,000 households with CHA120 smart meters, CHG540 concentrators, and CHG590 repeaters for the island. Rolled out in phases, the project replaces traditional meters with a modern AMI system, enabling remote meter reading, real-time monitoring, and efficient grid management.

High Performance:

• 99.79% communication KPI, 99% on-demand remote operation rate
• 50% O&M efficiency improvement
• 35% reduction in manual labor costs
• 21% drop in total line loss

Smarter Grid:

• Remote meter reading & outage reporting
• Grid monitoring and data analysis
• Visualized, efficient operations

Safer & Reliable System:

• Theft detection & system alerts
• Durable devices (waterproof, dustproof, corrosion-resistant)
• Stable communication even in complex terrain

Digital Management:

• One-to-one meter-user match
• Centralized, digital archive system
• Scalable for broader Caribbean deployment

Opened Remote Meter Reading: Customer & Technician Validation

The staff of the electric company in the island said, “The Wi-SUN smart meter scheme allows remote reading, eliminating site visits for manual readings and significantly reducing labor costs.” They highlighted improved customer satisfaction, and end users enjoy instant remote reconnection after payment, saving them a trip. The staff also praised CHINT’s responsive support. The solution enables quick problem response, with solutions actively provided through collaboration with CHINT’s teams.

The local conditions are harsh and the terrain is complex, with hills and dense jungles. Local technicians of the island confirmed the excellent performance of CHINT’s equipment and maintained a very high success rate under local natural conditions. They attach importance to this ability: “CHINT’s solution allows us to judge the Wi-SUN signal strength at each point so that we can conduct independent field investigations in the future. Integrated systems, software and applications have greatly improved our work efficiency. ”

A Foundation for the Future

CHINT’s Wi-SUN solution successfully ended the local history of inefficient manual meter reading in the island. More than solving immediate challenges, it delivered a stable, secure, and intelligent power supply system. This project lays the essential foundation for smart city ambitions and provides a proven, replicable model for utilities across the Caribbean facing similar hurdles.

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Demonstrates strength and run rate potential of Parkland’s diversified business

Advancing the Sunoco Transaction²

CALGARY, AB, Aug. 5, 2025 /PRNewswire-HISPANIC PR WIRE/ — Parkland Corporation (”Parkland”, “we”, the “Company”, or “our”) (TSX: PKI), today announced its financial and operating results for the three and six months ended June 30, 2025.

“I want to thank the Parkland team for safely serving our customers to deliver record second quarter results,” said Bob Espey, President and Chief Executive Officer. “Our Canadian and International businesses continue to demonstrate strength and resilience, while strong supply optimization coupled with solid operations at the Burnaby refinery enabled us to capture above mid-cycle refining margins. These results reflect the run rate potential of Parkland’s integrated platform and together with Sunoco, the combined scale is well positioned to grow cash flow for years to come.”

Q2 2025 Highlights

• Delivered Adjusted EBITDA of $508 million, as compared to $504 million in Q2 2024, primarily driven by strong operations and margins at the Burnaby Refinery and robust performance in the Canada segment. These were partially offset by lower fuel unit margins in the International segment and continued softness in the USA segment primarily due to ongoing macroeconomic pressures.
• Net earnings of $172 million ($0.99 per share, basic), as compared to $70 million ($0.40 per share, basic) in Q2 2024, and Adjusted earnings³ of $158 million ($0.91 per share, basic³), as compared to $156 million ($0.89 per share, basic) in Q2 2024.
• Trailing twelve months (”TTM”) Available cash flow³ of $551 million ($3.17 per share³), as compared to $823 million ($4.69 per share) in 2024, primarily reflecting a significantly lower refining margin environment during the second half of 2024 and realized losses due to the wind down of California compliance market positions in the first quarter of 2025. TTM Cash generated from (used in) operating activities⁴ of $1,656 million ($9.52 per share⁴), as compared to $1,612 million ($9.19 per share) in 2024, reflecting favourable working capital movements in the current period.
• Leverage Ratio⁵ decreased to 3.4 times (3.6 times in Q4 2024) and liquidity available⁴ of approximately $2.2 billion.
• Parkland’s total recordable injury frequency rate⁶ on a TTM basis was 1.15, compared to 1.21 in Q2 2024, reflecting the Parkland team’s continued focus on operational integrity.

Q2 2025 Segment Highlights

• Canada delivered Adjusted EBITDA of $190 million, as compared to $168 million in Q2 2024. The increase was primarily driven by stronger fuel unit margins from continued price and supply optimization, and volume growth in our company-owned network. We delivered company same-store volume growth (”Company SSVG”)⁶ of 4.6 percent and Food and Company C-Store same-store sales growth (”Food and Company C-Store SSSG”)³ excluding cigarettes of 4.2 percent, reflecting stronger site execution, and increased engagement though our loyalty program.
• International delivered Adjusted EBITDA of $168 million, as compared to $180 million in Q2 2024. Continued strength in the retail business was more than offset by lower unit margins driven by market instability from global conflicts resulting in price volatility, particularly in diesel.
• USA delivered Adjusted EBITDA of $26 million, as compared to $47 million in Q2 2024. The decrease was primarily driven by lower fuel unit margins due to an ongoing competitive pricing environment and reduced rail and regional arbitrage opportunities. Lower retail volumes, consumer spending, and foot traffic in convenience stores were consistent with broader industry trends.
• Refining delivered Adjusted EBITDA of $136 million, as compared to $119 million in Q2 2024. The increase was primarily driven by higher refining margins combined with strong composite utilization⁶ of 94.0 percent.

Update on the Sunoco Transaction

Parkland shareholders approved the Sunoco Transaction at the June 24, 2025 Annual and Special Meeting, with more than 93 percent of votes cast in favour. Following this strong shareholder endorsement, Parkland received a final order from the Court of King’s Bench of Alberta’s approval and the parties have obtained Competition Act (Canada) clearance.

The Sunoco Transaction continues to advance through the remaining regulatory review processes and other closing conditions, including the ongoing review under the Investment Canada Act, and is expected to close in the fourth quarter of 2025.

The Company will terminate its Dividend Reinvestment Plan (”DRIP”) effective August 6, 2025. The DRIP has been suspended since November 2, 2022.

2025 Guidance

Following strong second quarter 2025 operating and financial results, Parkland remains on track to be within its previously stated 2025 Adjusted EBITDA Guidance⁴ range of $1,800 to $2,100 million and 2025 Capital Expenditure Guidance⁴ range of $475 to $525 million.

Due to expected transaction-related costs and certain restrictions associated with the Sunoco Transaction, and to simplify external guidance, Parkland will no longer provide updates with respect to its 2025 Available cash flow per share, 2025 Leverage Ratio, non-core asset divestment program from 2023 to 2025 and 2025 Adjusted EBITDA for its Refining segment.

Consolidated Financial Overview

MD&A and Annual Consolidated Financial Statements

The Management’s Discussion and Analysis for the three and six months ended June 30, 2025 (the “Q2 2025 MD&A”) and Interim Condensed Consolidated Financial Statements for the three and six months ended June 30, 2025 (the “Q2 2025 Condensed Consolidated Financial Statements”) provide a detailed explanation of Parkland’s operating results for the three and six months ended June 30, 2025. An English version of these documents will be available online at www.parkland.ca and the System for Electronic Data Analysis and Retrieval+ (”SEDAR+”) after the results are released by newswire under Parkland’s profile at www.sedarplus.ca. The French versions of the Q2 2025 MD&A and the Q2 2025 Condensed Consolidated Financial Statements will be posted to www.parkland.ca and SEDAR+ as soon as they become available.

About Parkland Corporation

Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in 26 countries across the Americas. Our retail network meets the fuel and convenience needs of everyday consumers. Our commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting our customers’ needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact, including manufacturing and blending renewable fuels, ultra-fast EV charging, a variety of solutions for carbon credits and renewables, and solar power. With approximately 4,000 retail and commercial locations across Canada, the United States and the Caribbean region, we have developed supply, distribution and trading capabilities to accelerate growth and business performance.

Our strategy is focused on two interconnected pillars: our Customer Advantage and our Supply Advantage. Through our Customer Advantage, we aim to be the first choice of our customers through our proprietary brands, differentiated offers, extensive network, competitive pricing, reliable service, and compelling loyalty program. Our Supply Advantage is based on achieving the lowest cost to serve among independent fuel marketers and distributors in the hard-to-serve markets in which we operate, through our well-positioned assets, significant scale, and deep supply and logistics capabilities. Our business is underpinned by our people and our values of safety, integrity, community and respect, which are embedded across our organization.

Forward-Looking Statements

Certain statements contained herein constitute forward-looking information and statements (collectively, “forward-looking statements”). When used the words “expect”, “will”, “could”, “would”, “believe”, “continue”, “pursue” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things: business strategies, objectives and initiatives; run rate potential of Parkland’s integrated platform; Parkland and Sunoco well positioned to grow cash flow for years to come; the Sunoco Transaction, including progress of regulatory approvals and other closing conditions and expectation to close in the fourth quarter of 2025; expected costs relating to the Sunoco Transaction; expected to remain on track to be within its 2025 Adjusted EBITDA Guidance and 2025 Capital Expenditure Guidance ranges; and the termination of the DRIP and timing thereof.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligation to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to: the completion of the Sunoco Transaction, including the ability to obtain the approvals required in connection thereto, the timing thereof and realizing the benefits resulting therefrom; Parkland’s ability to successfully integrate its operations with Sunoco following the Sunoco Transaction; general economic, market and business conditions; micro and macroeconomic trends and conditions, including increases in interest rates, inflation, imposition of tariffs and fluctuating commodity prices; Parkland’s ability to execute its business objectives, projects and strategies, including the completion, financing and timing thereof, realizing the benefits therefrom, meeting our targets, outlook and commitments relating thereto, and the impact of the Sunoco Transaction thereon; ability to fall within its 2025 Adjusted EBITDA Guidance and 2025 Capital Expenditure Guidance ranges and the assumptions relating thereto; and other factors, many of which are beyond the control of Parkland and the assumptions and risks described in “Cautionary Statement Regarding Forward-Looking Information” and “Risk Factors” included in Parkland’s most recently filed Annual Information Form, and in “Forward-Looking Information” and “Risk Factors” in the Q4 2024 MD&A, each as filed on SEDAR+ and available on the Parkland website at www.parkland.ca. In addition, the 2025 Adjusted EBITDA Guidance reflects continued integration of acquired businesses and synergy capture, and progression of organic growth initiatives, and key material assumptions include: market trends in line with Parkland’s current expectations; expected performance from Parkland’s retail and commercial lines of business during the 2025 financial year that is consistent with the prior year; Burnaby Refinery composite utilization of 90 to 95% based on the Burnaby Refinery’s crude processing capacity of 55,000 bpd, and completion of planned maintenance, including deferral of the previously planned turnaround to 2026; and implementation of ongoing cost reductions across the business. The 2025 Capital Expenditure Guidance is mainly driven by increased Adjusted EBITDA and assumes no material change to underlying operations and no planned turnaround at the Burnaby Refinery. The forward-looking statements contained in this news release as expressly qualified by these cautionary statements.

Specified Financial Measures

This news release contains total of segments measures, non-GAAP financial measures and non-GAAP financial ratios, supplementary financial measures and capital management measures (collectively, “specified financial measures”). Parkland’s management uses certain specified financial measures to analyze the operating and financial performance, leverage, and liquidity of the business. These specified financial measures do not have any standardized meaning under International Financial Reporting Standards as issued by the International Accounting Standards Board (”IFRS Accounting Standards”) and are therefore unlikely to be comparable to similar measures presented by other companies. The specified financial measures should not be considered in isolation or used in substitute for measures of performance prepared in accordance with the IFRS Accounting Standards. See Section 15 of the Q2 2025 MD&A, which is incorporated by reference into this news release, for further details regarding specified financial measures used by Parkland.

Non-GAAP Financial Measures and Ratios

Adjusted earnings (loss) is a non-GAAP financial measure and Adjusted earnings (loss) per share is a non-GAAP financial ratio, each representing the underlying core operating performance of business activities of Parkland at a consolidated level. The most directly comparable financial measure to Adjusted earnings (loss) and Adjusted earnings (loss) per share is Net earnings (loss).

Adjusted earnings (loss) and Adjusted earnings (loss) per share represent how well Parkland’s operational business is performing, while considering depreciation and amortization, interest on leases and long-term debt, accretion and other finance costs, and income taxes. The Company uses these measures because it believes that Adjusted earnings (loss) and Adjusted earnings (loss) per share are useful for management and investors in assessing the Company’s overall performance, as they exclude certain items that are not reflective of the Company’s underlying business operations.

See Section 15 of the Q2 2025 MD&A, which is incorporated by reference into this news release, for the detailed definition and composition of Adjusted earnings (loss) and Adjusted earnings (loss) per share.

Please see below for the reconciliation of Adjusted earnings (loss) to net earnings (loss) and the calculation of Adjusted earnings (loss) per share.

Available cash flow is a non-GAAP financial measure and Available cash flow per share is a non-GAAP financial ratio. The most directly comparable financial measure for Available cash flow and Available cash flow per share is cash generated from (used in) operating activities. Parkland uses these measures to set targets (including annual guidance and variable compensation target) and monitor its ability to generate cash flow for capital allocation, including distributions to shareholders, investment in the growth of the business, and deleveraging. See Section 15 of the Q2 2025 MD&A, which is incorporated by reference into this news release, for the detailed definition and composition of Available cash flow and Available cash flow per share. See the following table for a calculation of historical Available cash flow and Available cash flow per share and a reconciliation to cash generated from (used in) operating activities.

ROIC is a non-GAAP financial ratio. The measure is calculated as a ratio of Net operating profit after tax (”NOPAT”) divided by average invested capital. NOPAT describes the profitability of Parkland’s base operations, excluding the impact of leverage and certain other items of income and expenditure that are not considered representative of Parkland’s underlying core operating performance. NOPAT is based on Adjusted EBITDA, defined in the “Measures of Segment Profit (Loss) and Total of Segments Measures” section of this news release, less depreciation and amortization expense, including pro-forma depreciation on assets classified as held for sale, and the estimated tax expense using the expected average tax rate estimated using statutory tax rates in each jurisdiction where Parkland operates. Average invested capital is the amount of capital deployed by Parkland that represents the average of opening and closing debt, including debt liabilities classified as held for sale, as well as shareholder’s equity, including equity reserves, net of cash and cash equivalents. We use this non-GAAP measure to assess Parkland’s efficiency in investing capital.

Food and Company C-Store SSSG is a non-GAAP financial ratio and refers to the period-over-period sales growth generated by retail food and convenience stores at the same Company sites. The effects of opening and closing stores, temporary closures (including closures for On the Run / Marché Express conversions), expansions of stores, renovations of stores, and stores with changes in food service models in the period are excluded to derive a comparable same-store metric. Same-store sales growth is a metric commonly used in the retail industry that provides meaningful information to investors in assessing the health and strength of Parkland’s brands and retail network, which ultimately impacts financial performance. The most directly comparable financial measure to Food and Company C-Store SSSG is food and convenience store revenue within sales and operating revenue.

Below is a reconciliation of convenience store revenue (Food and C-Store revenue) for the Canada segment with the Food and Company C-Store same store sales (”SSS”), and the calculation of the Food and Company C-Store SSSG.

These non-GAAP financial measures and ratios should not be considered in isolation or used in substitute for measures of performance prepared in accordance with IFRS Accounting Standards. Except as otherwise indicated, these non-GAAP financial measures and ratios are calculated and disclosed on a consistent basis from period to period. See Section 15 of the Q2 2025 MD&A, which is incorporated by reference into this news release, for further details regarding Parkland’s non-GAAP financial measures and ratios.

Capital Management Measures

Parkland’s primary capital management measure is the Leverage Ratio, which is used internally by key management personnel to monitor Parkland’s overall financial strength, capital structure flexibility, and ability to service debt and meet current and future commitments. In order to manage its financing requirements, Parkland may adjust capital spending or dividends paid to shareholders or issue new shares or new debt. The Leverage Ratio is calculated as a ratio of Leverage Debt to Leverage EBITDA and does not have any standardized meaning prescribed under IFRS Accounting Standards. It is, therefore, unlikely to be comparable to similar measures presented by other companies. The detailed calculation of the Leverage Ratio is as follows: