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	<title>CaribPR Wire &#187; energy</title>
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		<title>Bahamas Grid Company Appoints Two New Board Directors</title>
		<link>https://caribpr.com/bahamas-grid-company-appoints-two-new-board-directors/</link>
		<comments>https://caribpr.com/bahamas-grid-company-appoints-two-new-board-directors/#comments</comments>
		<pubDate>Wed, 22 Apr 2026 19:22:07 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[energy]]></category>
		<category><![CDATA[#bahamasgrid]]></category>
		<category><![CDATA[Bahamas]]></category>

		<guid isPermaLink="false">https://caribpr.com/?p=16491</guid>
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NASSAU, The Bahamas, April 22, 2026 /PRNewswire-HISPANIC PR WIRE/ &#8212; Bahamas Grid Company (BGC) today announced the appointment of Nikolai Sawyer and Debra Symonette to its Board of Directors, effective April 20, 2026.





These appointments follow the company&#8217;s recent transition to a fully independent, Bahamian-led operating model, including the conclusion of Island Grid Solutions&#8217; management role [...]]]></description>
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<p style="text-align: left;"><span class="legendSpanClass">NASSAU, The Bahamas</span>, <span class="legendSpanClass">April 22, 2026</span> /PRNewswire-HISPANIC PR WIRE/ &#8212; Bahamas Grid Company (BGC) today announced the appointment of Nikolai Sawyer and Debra Symonette to its Board of Directors, effective April 20, 2026.</p>
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<p>These appointments follow the company&#8217;s recent transition to a fully independent, Bahamian-led operating model, including the conclusion of Island Grid Solutions&#8217; management role and the appointment of new executive leadership.</p>
<p>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.</p>
<p>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.</p>
<p>&#8220;With these appointments, BGC continues to strengthen its governance as we move forward as a fully Bahamian-led organization,&#8221; said Anthony Ferguson, Chairman of BGC. &#8220;Nikolai and Debra bring extensive legal, financial, and operational experience that will support the company&#8217;s long-term performance and accountability.&#8221;</p>
<p>&#8220;This is an important step in BGC&#8217;s continued evolution,&#8221; said Dareo McKenzie, Chief Executive Officer. &#8220;I look forward to working with the Board to drive long-term performance and reliability across the system.&#8221;</p>
<p>The company&#8217;s Board of Directors now comprises Anthony Ferguson (Chairman), Nikolai Sawyer, and Debra Symonette.</p>
<p><strong>About Bahamas Grid Company</strong></p>
<p>Bahamas Grid Company (BGC) is a utility company in New Providence responsible for upgrading, maintaining, and operating the island&#8217;s transmission and distribution infrastructure, with the goal of delivering reliable, resilient, and sustainable power to all residents and businesses.</p>
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		<title>Bahamas Grid Company Appoints New CEO and CFO, Becomes Fully Bahamian-Led Utility</title>
		<link>https://caribpr.com/bahamas-grid-company-appoints-new-ceo-and-cfo-becomes-fully-bahamian-led-utility/</link>
		<comments>https://caribpr.com/bahamas-grid-company-appoints-new-ceo-and-cfo-becomes-fully-bahamian-led-utility/#comments</comments>
		<pubDate>Mon, 20 Apr 2026 17:27:33 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[energy]]></category>
		<category><![CDATA[#bahamasgrid. #bahamasnews]]></category>

		<guid isPermaLink="false">https://caribpr.com/?p=16487</guid>
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NASSAU, Bahamas, April 20, 2026 /PRNewswire-HISPANIC PR WIRE/ &#8212; Bahamas Grid Company (BGC) today announced the appointment of Dareo McKenzie as Chief Executive Officer and Gladys Fernander, CPA as Chief Financial Officer, marking the company&#8217;s transition to a fully independent, all-Bahamian-led operating model.





This leadership transition follows the conclusion of Island Grid Solutions&#8217; (IGS) management role [...]]]></description>
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<p style="text-align: left;"><span class="legendSpanClass">NASSAU, Bahamas</span>, <span class="legendSpanClass">April 20, 2026</span> /PRNewswire-HISPANIC PR WIRE/ &#8212; Bahamas Grid Company (BGC) today announced the appointment of Dareo McKenzie as Chief Executive Officer and Gladys Fernander, CPA as Chief Financial Officer, marking the company&#8217;s transition to a fully independent, all-Bahamian-led operating model.</p>
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<p>This leadership transition follows the conclusion of Island Grid Solutions&#8217; (IGS) management role on April 20, 2026, and the stepping down of Eric Pike and Mei Shibata from their positions at BGC.</p>
<p>&#8220;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,&#8221; said Eric Pike, Former Chairman of BGC. &#8220;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&#8217;s continued success.&#8221;</p>
<p>&#8220;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&#8217;s transmission and distribution system,&#8221; said Anthony Ferguson, Chairman of BGC. &#8220;We now move forward as a fully Bahamian-led organization, focused on delivering long-term performance for our country, our children, and our grandchildren.&#8221;</p>
<p>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.</p>
<p>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.</p>
<p>&#8220;Together, Dareo and Gladys bring the operational and financial leadership required to grow a resilient, high-performing utility,&#8221; Ferguson added. &#8220;Just as importantly, this transition reflects the strength and capability of Bahamian leadership at every level of the organization.&#8221;</p>
<p>Over the past two years, BGC has made meaningful progress in strengthening New Providence&#8217;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.</p>
<p><strong>About Bahamas Grid Company</strong></p>
<p>Bahamas Grid Company (BGC) is a utility company in New Providence that is responsible for upgrading, maintaining, and operating New Providence&#8217;s transmission and distribution infrastructure, with the goal of delivering reliable, resilient, and sustainable power to all residents and businesses.</p>
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		<title>Sawgrass LNG &amp; Power Marks Ten Years as the First U.S. LNG Exporter from the Continental United States</title>
		<link>https://caribpr.com/sawgrass-lng-power-marks-ten-years-as-the-first-u-s-lng-exporter-from-the-continental-united-states/</link>
		<comments>https://caribpr.com/sawgrass-lng-power-marks-ten-years-as-the-first-u-s-lng-exporter-from-the-continental-united-states/#comments</comments>
		<pubDate>Tue, 03 Mar 2026 13:18:21 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[energy]]></category>
		<category><![CDATA[#energynewstoday]]></category>
		<category><![CDATA[#sawgrasslng&power]]></category>

		<guid isPermaLink="false">https://caribpr.com/?p=16437</guid>
		<description><![CDATA[
MIAMI, March 3, 2026 /PRNewswire-HISPANIC PR WIRE/ &#8212; Sawgrass LNG &#38; Power celebrated its ten-year anniversary last month, marking a decade since the company completed the first-ever LNG export from the continental United States with a shipment to Barbados on February 2, 2016.





That first export marked the beginning of a new era for LNG in [...]]]></description>
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<p style="text-align: left;"><span class="legendSpanClass">MIAMI</span>, <span class="legendSpanClass">March 3, 2026</span> /PRNewswire-HISPANIC PR WIRE/ &#8212; Sawgrass LNG &amp; Power celebrated its ten-year anniversary last month, marking a decade since the company completed the first-ever LNG export from the continental United States with a shipment to Barbados on February 2, 2016.</p>
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<p>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 &amp; Power&#8217;s Miami liquefaction facility and at customer sites across the region.</p>
<p>Since that milestone, Sawgrass LNG &amp; 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 &amp; Power&#8217;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.</p>
<p>&#8220;We take pride in our place in the history of U.S. LNG and in the industry&#8217;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,&#8221; said Daniel McLaughlin, President &amp; Chief Commercial Officer.</p>
<p>Today, Sawgrass LNG &amp; 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&#8217;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 &amp; 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.</p>
<p><strong>About Sawgrass LNG &amp; Power</strong></p>
<p>Sawgrass LNG &amp; 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.</p>
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		<title>Sawgrass LNG &amp; Power Celebrates Eight Years of LNG Supply to The Bahamas</title>
		<link>https://caribpr.com/sawgrass-lng-power-celebrates-eight-years-of-lng-supply-to-the-bahamas/</link>
		<comments>https://caribpr.com/sawgrass-lng-power-celebrates-eight-years-of-lng-supply-to-the-bahamas/#comments</comments>
		<pubDate>Wed, 17 Dec 2025 14:05:43 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[energy]]></category>
		<category><![CDATA[#BahamasNews]]></category>
		<category><![CDATA[#sawgrasslng&power]]></category>

		<guid isPermaLink="false">https://caribpr.com/?p=16390</guid>
		<description><![CDATA[
MIAMI , Dec. 17, 2025 /PRNewswire-HISPANIC PR WIRE/ &#8212; Sawgrass LNG &#38; Power celebrated eight years of liquefied natural gas (LNG) exports to The Commonwealth of The Bahamas this month, marking a significant milestone in U.S.–Bahamian energy cooperation. Since the inaugural export of LNG to The Bahamas on December 13, 2017, Sawgrass has completed thousands [...]]]></description>
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<p style="text-align: left;"><span class="legendSpanClass">MIAMI </span>, <span class="legendSpanClass">Dec. 17, 2025</span> /PRNewswire-HISPANIC PR WIRE/ &#8212; Sawgrass LNG &amp; Power celebrated eight years of liquefied natural gas (LNG) exports to The Commonwealth of The Bahamas this month, marking a significant milestone in U.S.–Bahamian energy cooperation. Since the inaugural export of LNG to The Bahamas on December 13, 2017, Sawgrass has completed thousands of safe and reliable deliveries to customers ranging from industrial users to power generators across multiple islands.</p>
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<p>LNG has been provided to The Bahamas through Sawgrass&#8217; 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.</p>
<p>&#8220;We are proud to celebrate eight years of partnership with the Bahamian Government and our customers throughout The Bahamas,&#8221; said Daniel McLaughlin, President &amp; Chief Commercial Officer of Sawgrass LNG &amp; Power. &#8220;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.&#8221;</p>
<p>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&#8217;s most logistically complex island environments. The partnership continues to serve as a model of cooperation focused on clean, reliable, and modern energy.</p>
<p>&#8220;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,&#8221; McLaughlin added. &#8220;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.&#8221;</p>
<p>Sawgrass LNG &amp; 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&#8217;s evolving needs.</p>
<p><strong>About Sawgrass LNG &amp; Power</strong></p>
<p>Sawgrass LNG &amp; 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.</p>
<p><strong>About American LNG Marketing LLC</strong></p>
<p>American LNG Marketing LLC, a wholly owned subsidiary of Sawgrass LNG &amp; 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.</p>
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		<title>Solar Powered Atmospheric Water System From AWG Contracting Saves Jamaican Village after Disastrous Hurricane Melissa</title>
		<link>https://caribpr.com/solar-powered-atmospheric-water-system-from-awg-contracting-saves-jamaican-village-after-disastrous-hurricane-melissa/</link>
		<comments>https://caribpr.com/solar-powered-atmospheric-water-system-from-awg-contracting-saves-jamaican-village-after-disastrous-hurricane-melissa/#comments</comments>
		<pubDate>Mon, 17 Nov 2025 15:00:53 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[energy]]></category>
		<category><![CDATA[#Awgcontracting]]></category>
		<category><![CDATA[Jamaica]]></category>

		<guid isPermaLink="false">https://caribpr.com/?p=16367</guid>
		<description><![CDATA[
Keeps Village Supplied With Clean Drinking Water Indefinitely



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/ &#8212; 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 [...]]]></description>
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<p><span style="font-weight: bold;">Keeps Village Supplied With Clean Drinking Water Indefinitely</span></div>
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<p><em>Off-grid atmospheric generator produces 400 gallons daily after Category 5 storm, proving renewable technology can outlast catastrophe</em></p>
<p><span class="legendSpanClass">CHICAGO</span>, <span class="legendSpanClass">Nov. 17, 2025</span> /PRNewswire-HISPANIC PR WIRE/ &#8212; 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.</p>
<div id="dvprnejpgcd20left" style="width: 100%; text-align: left;" dir="ltr"><img id="prnejpgcd20left" title="Moses West, Founder and CEO of AWG Consulting" src="https://mma.prnewswire.com/media/2824368/Moses_West_Founder_and_CEO_of_AWG_Consulting.jpg" alt="Moses West, Founder and CEO of AWG Consulting" align="middle" /></div>
<p>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.</p>
<p>&#8220;We designed this technology to do one thing — save lives,&#8221; said Moses West, founder of AWG Contracting and the engineer behind the innovation. &#8220;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.&#8221;</p>
<p>&#8220;Despite being flipped and battered by hurricane-force winds that overturned steel containers weighing 30,000 and 16,000 pounds, the AWG survived,&#8221; said Chief Richard Currie, State of Accompong. &#8220;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.&#8221;</p>
<p>&#8220;Despite being flipped and battered by hurricane-force winds that overturned steel containers weighing 30,000 and 16,000 pounds, the AWG survived,&#8221; said Chief Richard Currie, State of Accompong. &#8220;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.&#8221;</p>
<p>Operating entirely on solar energy, the MWF system survived the Category 5 storm. When Melissa&#8217;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.</p>
<p>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.</p>
<p><strong>A Growing Legacy of Water Security</strong></p>
<p>From Flint, Michigan, to Puerto Rico and Jackson, Mississippi, the AWG Contracting has delivered safe water where conventional networks collapse. The Foundation&#8217;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.</p>
<p>&#8220;If we can make water in a hurricane, we can make it anywhere,&#8221; West added. &#8220;This technology gives communities control over the most basic resource on earth: using nothing but sunlight and air.&#8221;</p>
<p>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.</p>
<p><strong>About AWG Contracting<br />
</strong>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.</p>
<p><strong>About The Moses West Foundation<br />
</strong>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.</p>
<div id="dvprnejpg6f24left" style="width: 100%; text-align: left;" dir="ltr"><img id="prnejpg6f24left" title="AWG Contracting Logo" src="https://mma.prnewswire.com/media/2824367/AWG_Contracting_Logo.jpg" alt="AWG Contracting Logo" align="middle" /></div>
<p>Photo &#8211; <a style="COLOR: blue" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4559705-1&amp;h=1672591967&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2824368%2FMoses_West_Founder_and_CEO_of_AWG_Consulting.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2824368%2FMoses_West_Founder_and_CEO_of_AWG_Consulting.jpg" target="_blank">https://mma.prnewswire.com/media/2824368/Moses_West_Founder_and_CEO_of_AWG_Consulting.jpg</a><br />
Logo &#8211; <a style="COLOR: blue" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4559705-1&amp;h=126960371&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2824367%2FAWG_Contracting_Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2824367%2FAWG_Contracting_Logo.jpg" target="_blank">https://mma.prnewswire.com/media/2824367/AWG_Contracting_Logo.jpg</a></p>
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		<title>Parkland Corporation Announces Completion of Acquisition by Sunoco LP</title>
		<link>https://caribpr.com/parkland-corporation-announces-completion-of-acquisition-by-sunoco-lp/</link>
		<comments>https://caribpr.com/parkland-corporation-announces-completion-of-acquisition-by-sunoco-lp/#comments</comments>
		<pubDate>Mon, 03 Nov 2025 13:55:12 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[energy]]></category>
		<category><![CDATA[#ParklandFuelCorporation]]></category>
		<category><![CDATA[Sunoco]]></category>

		<guid isPermaLink="false">https://caribpr.com/?p=16353</guid>
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CALGARY, AB, Nov. 3, 2025 /PRNewswire-HISPANIC PR WIRE/ &#8212; Parkland Corporation (TSX: PKI) (&#8221;Parkland&#8221;) announced today that Sunoco LP (&#8221;Sunoco&#8221;) completed the acquisition of Parkland on October 31, 2025 (the &#8220;Transaction&#8221;).





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 [...]]]></description>
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<p style="text-align: left;"><span class="legendSpanClass">CALGARY, AB</span>, <span class="legendSpanClass">Nov. 3, 2025</span> /PRNewswire-HISPANIC PR WIRE/ &#8212; Parkland Corporation (TSX: PKI) (&#8221;Parkland&#8221;) announced today that Sunoco LP (&#8221;Sunoco&#8221;) completed the acquisition of Parkland on October 31, 2025 (the &#8220;Transaction&#8221;).</p>
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<p>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 (&#8221;SunocoCorp&#8221;) 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 &#8220;SUNC&#8221; following the settlement of the Parkland shares and completion of the allocation process for the SunocoCorp Common Units.<sup>1</sup></p>
<p><strong>About Sunoco and SunocoCorp</strong></p>
<p><strong>Sunoco LP (NYSE: SUN)</strong> 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&#8217;s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 160 terminals. This critical infrastructure complements the Partnership&#8217;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&#8217;s general partner is owned by Energy Transfer LP (NYSE: ET).</p>
<p><strong>SunocoCorp (NYSE: SUNC)</strong> is a publicly traded limited liability company that owns a direct limited partner interest in Sunoco LP.</p>
<p>SUN and SUNC are headquartered in Dallas, Texas. More information is available at <a style="COLOR: blue" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4547644-1&amp;h=2290185219&amp;u=http%3A%2F%2Fwww.sunocolp.com%2F&amp;a=www.sunocolp.com" target="_blank">www.sunocolp.com</a></p>
<p><strong>Forward-Looking Statements</strong></p>
<p>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, &#8220;forward-looking statements&#8221;), 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 &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; &#8220;would,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;seek,&#8221; &#8220;see,&#8221; &#8220;target&#8221; 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&#8217;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&#8217;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.</p>
<p><strong><br />
<span style="text-decoration: underline;">Contacts<br />
</span><br />
</strong><br />
<strong>Investors:<br />
</strong>Scott Grischow, Treasurer, Senior Vice President – Finance<br />
(214) 840-5660, <a style="COLOR: blue" href="mailto:scott.grischow@sunoco.com" target="_blank">scott.grischow@sunoco.com</a></p>
<p><sup>1</sup> Sunoco indirectly acquired, through its wholly owned subsidiary 2709716 Alberta ULC (the &#8220;Purchaser&#8221;), 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 (&#8221;SunocoCorp Units&#8221;), 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&#8217;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&#8217;s address is 4200 Bankers Hall West, 888 – 3rd Street S.W., Calgary, Alberta T2P 5C5, Canada. Parkland&#8217;s head office is located at Suite 1800, 240 4th Avenue SW, Calgary, Alberta T2P 4H4, Canada.</p>
<p>Logo &#8211; <a style="COLOR: blue" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4547644-1&amp;h=2134538324&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2811390%2FParkland_logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2811390%2FParkland_logo.jpg" target="_blank">https://mma.prnewswire.com/media/2811390/Parkland_logo.jpg</a></p>
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		<title>Parkland Reports 2025 Third Quarter Results and Provides Update on the Sunoco Transaction</title>
		<link>https://caribpr.com/parkland-reports-2025-third-quarter-results-and-provides-update-on-the-sunoco-transaction/</link>
		<comments>https://caribpr.com/parkland-reports-2025-third-quarter-results-and-provides-update-on-the-sunoco-transaction/#comments</comments>
		<pubDate>Mon, 27 Oct 2025 12:59:02 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[energy]]></category>
		<category><![CDATA[#ParklandFuelCorporation]]></category>
		<category><![CDATA[Sunoco]]></category>

		<guid isPermaLink="false">https://caribpr.com/?p=16337</guid>
		<description><![CDATA[

Strong third quarter Adjusted EBITDA1 of $540 million




On track to deliver midpoint of 2025 Adjusted EBITDA Guidance2 of $1.8 to $2.1 billion
Sunoco Transaction3 expected to close on October 31, 2025
CALGARY, AB, Oct. 27, 2025 /PRNewswire-HISPANIC PR WIRE/ &#8212; Parkland Corporation (&#8221;Parkland&#8221;, &#8220;we&#8221;, the &#8220;Company&#8221;, or &#8220;our&#8221;) (TSX: PKI), today announced its financial and operating results for [...]]]></description>
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<p style="text-align: center;"><span style="font-style: italic;">Strong third quarter Adjusted EBITDA</span><sup style="vertical-align: super;">1</sup><span style="font-style: italic;"> of $540 million</span></p>
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<p style="text-align: center;"><em style="font-style: italic;">On track to deliver midpoint of 2025 Adjusted EBITDA Guidance<sup style="vertical-align: super;">2</sup> of $1.8 to $2.1 billion</em></p>
<p style="text-align: center;"><em style="font-style: italic;">Sunoco Transaction<sup style="vertical-align: super;">3</sup> expected to close on October 31, 2025</em></p>
<p><span>CALGARY, AB</span>, <span>Oct. 27, 2025</span> /PRNewswire-HISPANIC PR WIRE/ &#8212; Parkland Corporation (&#8221;Parkland&#8221;, &#8220;we&#8221;, the &#8220;Company&#8221;, or &#8220;our&#8221;) (TSX: PKI), today announced its financial and operating results for the three and nine months ended September 30, 2025.</p>
<p>&#8220;Parkland delivered another strong quarter, reflecting the strength of its diversified business, and clearly demonstrating our ability to deliver 2025 Adjusted EBITDA guidance,&#8221; said Bob Espey, President and Chief Executive Officer. &#8220;As we approach this important milestone, I am incredibly proud and grateful of the Parkland team and the industry leading business we have built together. I am excited about Parkland&#8217;s next phase of growth with Sunoco, the power of the combined platform, and have confidence in the Company&#8217;s ability to deliver significant synergies and long-term value for its stakeholders.&#8221;</p>
<p><strong style="font-weight: bold;">Q3 2025 Highlights</strong></p>
<ul type="disc">
<li style="font-size: 10pt; font-family: Arial;">Delivered Adjusted EBITDA of $540 million, up from $431 million in Q3 2024, primarily driven by strong operations and margins at the Burnaby Refinery and robust performance in the Canada and International segments. These were partially offset by softness in the USA segment due to continued macroeconomic pressures and competition.</li>
<li style="font-size: 10pt; font-family: Arial;">Net earnings of $129 million ($0.74 per share, basic), up from $91 million ($0.52 per share, basic) in Q3 2024, and Adjusted earnings<sup style="vertical-align: super;">4</sup> of $180 million ($1.03 per share<sup style="vertical-align: super;">4</sup>, basic), as compared to $106 million ($0.61 per share, basic) in Q3 2024.</li>
<li style="font-size: 10pt; font-family: Arial;">Trailing twelve months (&#8221;TTM&#8221;) Available cash flow<sup style="vertical-align: super;">4</sup> of $668 million ($3.83 per share<sup style="vertical-align: super;">4</sup>), up from $627 million ($3.58 per share) in 2024, primarily driven by higher Adjusted EBITDA. TTM Cash generated from operating activities<sup style="vertical-align: super;">2</sup> of $1,646 million ($9.45 per share<sup style="vertical-align: super;">2</sup>), up from $1,490 million ($8.51 per share) in 2024.</li>
<li style="font-size: 10pt; font-family: Arial;">Leverage Ratio<sup style="vertical-align: super;">5</sup> decreased to 3.1 times (3.6 times in Q4 2024) and liquidity available<sup style="vertical-align: super;">2</sup> of approximately $2.3 billion.</li>
<li style="font-size: 10pt; font-family: Arial;">Total recordable injury frequency rate<sup style="vertical-align: super;">6</sup> on a TTM basis was 1.07, compared to 1.04 in Q3 2024.</li>
</ul>
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<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">____________________________</span></p>
</td>
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<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(1)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Total of segments measure. See &#8220;Measures of Segment Profit(Loss) and Total of Segments Measures&#8221; section of this news release.</span></p>
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<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0pt initial black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(2)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Supplementary financial measure. See &#8220;Supplementary Financial Measures&#8221; section of this news release.</span></p>
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<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(3)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">On May 5, 2025, Parkland and Sunoco LP (NYSE: SUN) (&#8221;Sunoco&#8221;) announced that they entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland by way of a court-approved plan of arrangement (the &#8220;Plan of Arrangement&#8221;) in a cash and equity transaction valued at approximately U.S.$9.1 billion, including assumed debt (the &#8220;Transaction&#8221;).</span></p>
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<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(4)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Non-GAAP financial measure or non-GAAP financial ratio. See &#8220;Non-GAAP Financial Measures and Ratios&#8221; section of this news release.</span></p>
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<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(5)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Capital management measure. See &#8220;Capital Management Measures&#8221; section of this news release.</span></p>
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<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(6)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Non-financial measure. See &#8220;Non-Financial Measures&#8221; section of this news release.</span></p>
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<p><strong style="font-weight: bold;">Q3 2025 Segment Highlights</strong></p>
<ul type="disc">
<li style="font-size: 10pt; font-family: Arial;">Canada delivered Adjusted EBITDA of $208 million, compared to $196 million in Q3 2024, driven by stronger fuel unit margins from continued price and supply optimization. Results were partially offset by softer retail demand in our company-owned network, which is reflected in our Company same-store volume growth (&#8221;Company SSVG&#8221;)<sup style="vertical-align: super;">6</sup> of (2.3) percent. Food and Company C-Store same-store sales growth (&#8221;Food and Company C-Store SSSG&#8221;)<sup style="vertical-align: super;">4</sup> excluding cigarettes was 4.1 percent, reflecting continued growth in alcohol and packaged beverages driven by successful marketing initiatives through our loyalty program.</li>
<li style="font-size: 10pt; font-family: Arial;">International delivered Adjusted EBITDA of $161 million, compared to $150 million in Q3 2024, reflecting strong volume growth in both the retail and commercial businesses.</li>
<li style="font-size: 10pt; font-family: Arial;">USA delivered Adjusted EBITDA of $28 million, compared to $52 million in Q3 2024, driven by lower fuel unit margins due to an ongoing competitive pricing environment and reduced rail and regional arbitrage opportunities.</li>
<li style="font-size: 10pt; font-family: Arial;">Refining delivered Adjusted EBITDA of $151 million, compared to $48 million in Q3 2024, driven by higher refining margins combined with strong composite utilization<sup style="vertical-align: super;">6</sup> of 103.1 percent.</li>
</ul>
<p><strong style="font-weight: bold;">Update on the Sunoco Transaction</strong></p>
<p>Parkland announced that the Transaction is expected to close on October 31, 2025, subject to the satisfaction or waiver of customary closing conditions. Following completion of the Transaction, Parkland shares will be delisted from the Toronto Stock Exchange.</p>
<p>Common Units representing limited liability company interests in SunocoCorp (&#8221;SunocoCorp Units&#8221;), to be issued to shareholders of Parkland in connection with the Transaction, are expected to begin trading on the New York Stock Exchange on November 3, 2025 under the ticker symbol &#8220;SUNC&#8221;.</p>
<p>Parkland also announced the preliminary results of the elections in respect of the consideration received pursuant to the Transaction. Based on the elections received by the election deadline of October 17, 2025:</p>
<ul type="disc">
<li style="font-size: 10pt; font-family: Arial;">Parkland shareholders holding approximately 94,964,700 Parkland shares elected the all-cash consideration,</li>
<li style="font-size: 10pt; font-family: Arial;">Parkland shareholders holding approximately 9,734,800 Parkland shares elected the all SunocoCorp Unit consideration; and</li>
<li style="font-size: 10pt; font-family: Arial;">Parkland shareholders holding approximately 69,911,000 Parkland shares elected, or were deemed to have elected, a combination of cash and SunocoCorp Unit consideration.</li>
</ul>
<p>The all-cash elected consideration and all SunocoCorp Unit elected consideration are subject to proration, maximum amounts and adjustments in accordance with the Plan of Arrangement.</p>
<p>Due to the pending closing of the Transaction, Parkland will not host a conference call or webcast to discuss its third quarter results.</p>
<p><strong style="font-weight: bold;">Consolidated Financial Overview</strong></p>
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<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">($ millions, unless otherwise noted)</span></p>
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<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">Three months ended<br />
September 30,</strong><br />
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<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Financial Summary</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">2025</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2024</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Sales and operating revenue</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">7,353</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">7,126</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Adjusted EBITDA<sup style="vertical-align: super;">(1)</sup></span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">540</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">431</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 9px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Canada<sup style="vertical-align: super;">(2)(3)</sup></span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">208</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">196</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 9px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">International<sup style="vertical-align: super;">(2)(3)</sup></span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">161</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">150</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 9px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">USA<sup style="vertical-align: super;">(2)(3)</sup></span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">28</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">52</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 9px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Refining<sup style="vertical-align: super;">(2)(3)</sup></span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">151</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">48</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Corporate<sup style="vertical-align: super;">(2)(3)</sup></span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(8)</strong><br />
</span></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(15)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Net earnings (loss)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">129</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">91</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Net earnings (loss) per share – basic ($ per share)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">0.74</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">0.52</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Net earnings (loss) per share – diluted ($ per share)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">0.73</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">0.52</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Trailing twelve months (&#8221;TTM&#8221;) Cash generated from (used in) operating activities<sup style="vertical-align: super;">(4)</sup></span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">1,646</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">1,490</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">TTM Cash generated from (used in) operating activities per share<sup style="vertical-align: super;">(4)</sup></span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">9.45</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">8.51</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">TTM Available cash flow<sup style="vertical-align: super;">(5)(6)</sup></span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">668</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">627</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">TTM Available cash flow per share<sup style="vertical-align: super;">(5)(6)</sup></span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">3.83</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">3.58</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">TTM ROIC<sup style="vertical-align: super;">(6)</sup></span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">8.5 %</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">7.8 %</span></p>
</td>
</tr>
</tbody>
</table>
</div>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0pt initial black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(1)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Total of segments measure. See &#8220;Measures of Segment Profit (Loss) and Total of Segments Measures&#8221; section of this news release.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(</sup><br />
<sup style="vertical-align: super;">2)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">For comparative purposes, certain amounts certain amounts in 2024 were revised to conform to the presentation used in the current period with respect to the allocation of Corporate costs. See Note 2d of the Interim Condensed Consolidated Financial Statements for further details</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(3)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Measure of segment profit (loss). See &#8220;Measures of Segment Profit (Loss) and Total of Segments Measures&#8221; section of this news release.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(4)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Supplementary financial measure. See &#8220;Supplementary Financial Measures&#8221; section of this news release.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(5)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">For comparative purposes, certain amounts were reclassified between realized and unrealized gain/(loss) on risk management with no changes to Adjusted EBITDA or net earnings to conform to the presentation used in the current period.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(6)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Non-GAAP financial measure or non-GAAP financial ratio. See &#8220;Non-GAAP Financial Measures and Ratios&#8221; section of this news release.</span></p>
</td>
</tr>
</tbody>
</table>
</div>
<p><strong style="font-weight: bold;">MD&amp;A and Annual Consolidated Financial Statements</strong></p>
<p>The Management&#8217;s Discussion and Analysis for the three and nine months ended September 30, 2025 (the &#8220;Q3 2025 MD&amp;A&#8221;) and Interim Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2025 (the &#8220;Q3 2025 Condensed Consolidated Financial Statements&#8221;) provide a detailed explanation of Parkland&#8217;s operating results for the three and nine months ended September 30, 2025. An English version of these documents will be available online at <a href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4541405-1&amp;h=1100833913&amp;u=https%3A%2F%2Fwww.parkland.ca%2F&amp;a=www.parkland.ca" target="_blank">www.parkland.ca</a> and the System for Electronic Data Analysis and Retrieval+ (&#8221;SEDAR+&#8221;) after the results are released by newswire under Parkland&#8217;s profile at <a href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4541405-1&amp;h=2131816395&amp;u=https%3A%2F%2Fwww.sedarplus.ca%2F&amp;a=www.sedarplus.ca" target="_blank">www.sedarplus.ca</a>. The French versions of the Q3 2025 MD&amp;A and the Q3 2025 Condensed Consolidated Financial Statements will be posted to <a href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4541405-1&amp;h=1100833913&amp;u=https%3A%2F%2Fwww.parkland.ca%2F&amp;a=www.parkland.ca" target="_blank">www.parkland.ca</a> and SEDAR+ as soon as they become available.</p>
<p><strong style="font-weight: bold;">About Parkland Corporation</strong></p>
<p>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&#8217; 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.</p>
<p>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.</p>
<p><strong style="font-weight: bold;">Forward-Looking Statements</strong></p>
<p>Certain statements contained herein constitute forward-looking information and statements (collectively, &#8220;forward-looking statements&#8221;). When used the words &#8220;expect&#8221;, &#8220;will&#8221;, &#8220;could&#8221;, &#8220;would&#8221;, &#8220;believe&#8221;, &#8220;continue&#8221;, &#8220;pursue&#8221;, &#8220;on track&#8221;, &#8220;aim&#8221; 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; expectation to remain on track to achieve midpoint of 2025 Adjusted EBITDA Guidance range; Parkland&#8217;s ability to achieve 2025 guidance; the combined company&#8217;s ability to deliver significant synergies and long-term value to stakeholders; and the Transaction, including the completion and timing thereof, and expectations respecting the trading of the SunocoCorp Units.</p>
<p>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 Transaction, including the timing thereof and realizing the benefits resulting therefrom; Parkland&#8217;s ability to successfully integrate its operations with Sunoco following the 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&#8217;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 Transaction thereon; ability to remain on track to achieve the midpoint of 2025 Adjusted EBITDA Guidance range and achieve its 2025 guidance and the assumptions relating thereto; and other factors, many of which are beyond the control of Parkland and the assumptions and risks described in &#8220;Cautionary Statement Regarding Forward-Looking Information&#8221; and &#8220;Risk Factors&#8221; included in Parkland&#8217;s most recently filed Annual Information Form, and in &#8220;Forward-Looking Information&#8221; and &#8220;Risk Factors&#8221; in the Q4 2024 MD&amp;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&#8217;s current expectations; expected performance from Parkland&#8217;s combined 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&#8217;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 forward-looking statements contained in this news release are expressly qualified by these cautionary statements.</p>
<p><strong style="font-weight: bold;">Specified Financial Measures</strong></p>
<p>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, &#8220;specified financial measures&#8221;). Parkland&#8217;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 (&#8221;IFRS Accounting Standards&#8221;) 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 Q3 2025 MD&amp;A, which is incorporated by reference into this news release, for further details regarding specified financial measures used by Parkland.</p>
<p><em style="font-style: italic;">Non-GAAP Financial Measures and Ratios</em></p>
<p>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).</p>
<p>Adjusted earnings (loss) and Adjusted earnings (loss) per share represent how well Parkland&#8217;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&#8217;s overall performance, as they exclude certain items that are not reflective of the Company&#8217;s underlying business operations.</p>
<p>See Section 15 of the Q3 2025 MD&amp;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.</p>
<p>Please see below for the reconciliation of Adjusted earnings (loss) to net earnings (loss) and the calculation of Adjusted earnings (loss) per share.</p>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;"></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="2">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">Three months ended<br />
September 30,</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="2">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">Nine months ended<br />
September 30,</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">($ millions, unless otherwise stated)</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">2025</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2024</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">2025</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2024</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Net earnings (loss)</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">129</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">91</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">365</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">156</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Add/(less):</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 16px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Acquisition, integration and other costs</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">22</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">61</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">97</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">137</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 16px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(Gain) loss on foreign exchange – unrealized</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">7</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">1</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(2)</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">8</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 16px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(Gain) loss on risk management and other – unrealized<sup style="vertical-align: super;">(4)</sup></span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(3)</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(48)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(51)</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">11</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 16px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Costs related to the Sunoco Transaction</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">38</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">—</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">84</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">—</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 16px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Other (gains) and losses</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(4)</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(1)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(93)</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">8</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 16px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Other adjusting items<sup style="vertical-align: super;">(1)(4)</sup></span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">8</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">7</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">19</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">33</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 16px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Tax normalization<sup style="vertical-align: super;">(2)</sup></span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(17)</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(5)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(16)</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(48)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Adjusted earnings (loss)</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">180</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">106</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">403</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">305</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Weighted average number of common shares (million shares)<sup style="vertical-align: super;">(3)</sup></span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">175</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">174</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">174</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">175</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Weighted average number of common shares adjusted for the effects of dilution (million shares)<sup style="vertical-align: super;">(3)</sup></span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">177</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">176</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">176</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">177</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Adjusted earnings (loss) per share ($ per share)</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Basic</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">1.03</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">0.61</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">2.31</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">1.74</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Diluted</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">1.02</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">0.60</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">2.29</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">1.72</span></p>
</td>
</tr>
</tbody>
</table>
</div>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(1)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Other adjusting items for the three months ended September 30, 2025, include: (i) the share of depreciation, income taxes and other adjustments for investments in joint ventures and associates of $8 million (2024 &#8211; $4 million); (ii) other income of $3 million (2024 &#8211; $3 million); and (iii) realized gains and losses on risk management and other assets and liabilities related to underlying physical sales activity in another period of $3 million gain (2024 &#8211; nil). Other adjusting items for the nine months ended September 30, 2025, include: (i) the share of depreciation, income taxes and other adjustments for investments in joint ventures and associates of $21 million (2024 &#8211; $11 million); (ii) other income of $6 million (2024 &#8211; $8 million); (iii) realized gains and losses on risk management and other assets and liabilities related to underlying physical sales activity in another period of $4 million gain (2024 &#8211; $12 million loss); (iv) adjustment to foreign exchange gains and losses related to cash pooling arrangements of $4 million gain (2024 &#8211; $4 million loss); and (v) realized risk management gains related to interest rate swaps, as these gains do not relate to commodity sale and purchase transactions, of nil (2024 -$2 million gain).</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(2)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">The tax normalization adjustment was applied to net earnings (loss) adjusting items that were considered temporary differences, such as acquisition, integration and other costs, unrealized foreign exchange gains and losses, unrealized gains and losses on risk management and other, gains and losses on asset disposals, changes in fair value of redemption options, changes in estimates of environmental provisions, loss on inventory write-downs for which there are offsetting associated risk management derivatives with unrealized gains, impairments of non-current assets and costs related to the Sunoco Transaction. The tax impact was estimated using the effective tax rates applicable to jurisdictions where the related items occur.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(3)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Weighted average number of common shares is calculated in accordance with Parkland&#8217;s accounting policy contained in Note 2 of the Annual Consolidated Financial Statements.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(4)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">For comparative purposes, certain amounts were reclassified between realized and unrealized gain/(loss) on risk management with no changes to Adjusted earnings (loss) to conform to the presentation used in the current period.</span></p>
</td>
</tr>
</tbody>
</table>
</div>
<p>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 Q3 2025 MD&amp;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.</p>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;"></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="4">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Three months ended</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;" rowspan="2">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">Trailing twelve<br />
months ended<br />
</strong><br />
<strong style="font-weight: bold;">September 30,<br />
2025</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">($ millions, unless otherwise noted)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">December<br />
31, 2024</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">March 31,<br />
2025</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">June 30,<br />
2025</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">September 30,<br />
2025</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Cash generated from (used in) operating activities</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">462</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">286</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">502</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">396</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">1,646</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Reverse: Change in other assets and other liabilities</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">80</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">1</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(7)</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">22</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">96</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Reverse: Net change in non-cash working capital related to operating activities<sup style="vertical-align: super;">(1)</sup></span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(180)</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">53</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(87)</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">42</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(172)</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Include: Maintenance capital expenditures</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(96)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(62)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(70)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(56)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(284)</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Include: Dividends received from investments in associates and joint ventures</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">7</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">5</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">6</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">3</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">21</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Include: Interest on leases and long-term debt</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(87)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(89)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(83)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(82)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(341)</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Include: Payments of principal amount on leases</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(76)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(77)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(74)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(71)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(298)</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Available cash flow</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">110</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">117</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">187</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">254</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">668</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Weighted average number of common shares (millions)<sup style="vertical-align: super;">(2)</sup></span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">174</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt solid none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">TTM Available cash flow per share</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">3.83</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="border-top: none black; border-right: 1pt none black; border-bottom: 1pt none black; border-left: 1pt none black; padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: center;" colspan="4"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="border-top: none black; border-right: 1pt none black; border-bottom: 1pt none black; border-left: 1pt none black; padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right;"></td>
<td style="border-top: none black; border-right: 1pt none black; border-bottom: 1pt none black; border-left: 1pt none black; padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: center;" colspan="4"></td>
<td style="border-top: none black; border-right: 1pt none black; border-bottom: 0.5pt solid black; border-left: 1pt none black; padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right;"></td>
</tr>
<tr>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;"></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="4">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Three months ended</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;" rowspan="2">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Trailing twelve<br />
months ended<br />
September 30,<br />
2024</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">($ millions, unless otherwise noted)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">December<br />
31, 2023</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">March 31,<br />
2024 <sup style="vertical-align: super;">(1)</sup></span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">June 30,<br />
2024</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">September 30,<br />
2024</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Cash generated from (used in) operating activities</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">417</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">217</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">450</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">406</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">1,490</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Reverse: Change in other assets and other liabilities</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(4)</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">28</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">3</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(68)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(41)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Reverse: Net change in non-cash working capital related to operating activities<sup style="vertical-align: super;">(1)</sup></span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">17</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">55</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(34)</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">21</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">59</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Include: Maintenance capital expenditures</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(93)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(59)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(53)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(71)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(276)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Include: Dividends received from investments in associates and joint ventures</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">3</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">8</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">3</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">16</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Include: Interest on leases and long-term debt</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(88)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(85)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(88)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(85)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(346)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Include: Payments on principal amount on leases</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(71)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(71)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(64)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(69)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(275)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Available cash flow</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">181</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">87</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">222</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">137</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">627</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Weighted average number of common shares (millions)<sup style="vertical-align: super;">(2)</sup></span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">175</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">TTM Available cash flow per share</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">3.58</span></p>
</td>
</tr>
</tbody>
</table>
</div>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(1)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">For comparative purposes, certain amounts within the net change in non-cash working capital related to operating activities for the three months ended March 31, 2024, were revised to conform to the current period presentation.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(2)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Weighted average number of common shares is calculated in accordance with Parkland&#8217;s accounting policy contained in Note 2 of the Annual Consolidated Financial Statements.</span></p>
</td>
</tr>
</tbody>
</table>
</div>
<p>ROIC is a non-GAAP financial ratio. The measure is calculated as a ratio of Net operating profit after tax (&#8221;NOPAT&#8221;) divided by average invested capital. NOPAT describes the profitability of Parkland&#8217;s base operations, excluding the impact of leverage and certain other items of income and expenditure that are not considered representative of Parkland&#8217;s underlying core operating performance. NOPAT is based on Adjusted EBITDA, defined in the &#8220;Measures of Segment Profit (Loss) and Total of Segments Measures&#8221; 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&#8217;s equity, including equity reserves, net of cash and cash equivalents. We use this non-GAAP measure to assess Parkland&#8217;s efficiency in investing capital.</p>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">($ millions, unless otherwise noted)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="4">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Three months ended</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">ROIC</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">December<br />
31, 2024</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">March 31,<br />
2025</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">June 30,<br />
2025</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">September<br />
30, 2025</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">Trailing twelve<br />
months</strong><br />
<strong style="font-weight: bold;">ended<br />
September 30,<br />
2025</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Net earnings (loss)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(29)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">64</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">172</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">129</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">336</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Add/(less):</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Income tax expense (recovery)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(8)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">8</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">39</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">39</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">78</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Acquisition, integration and other costs</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">81</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">29</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">46</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">22</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">178</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Depreciation and amortization</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">210</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">202</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">220</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">213</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">845</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Finance cost</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">92</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">99</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">93</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">91</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">375</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(Gain) loss on foreign exchange &#8211; unrealized</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(2)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(5)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(4)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">7</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(4)</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(Gain) loss on risk management and other &#8211; unrealized</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">34</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">3</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(51)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(3)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(17)</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Costs related to the Sunoco Transaction</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">—</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">—</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">46</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">38</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">84</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Other (gains) and losses</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">30</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(19)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(70)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(4)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(63)</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Other adjusting items</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">20</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(6)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">17</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">8</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">39</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Adjusted EBITDA</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">428</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">375</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">508</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">540</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">1,851</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Less: Depreciation and amortization</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(210)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(202)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(220)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(213)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(845)</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Less: Pro-forma depreciation and amortization on<br />
assets classified as held for sale</span></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(7)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(7)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">14</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">—</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">—</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Adjusted EBIT</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">211</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">166</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">302</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">327</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">1,006</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Average effective tax rate</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">21.9 %</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Less: Taxes</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(220)</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Net operating profit after tax</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">786</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Opening invested capital</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">9,306</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Closing invested capital</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">9,280</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Average invested capital</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">9,293</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Return on invested capital</span></p>
</td>
<td style="font-size: 8pt; margin: 0in; padding-right: 9px; padding-left: 2pt; vertical-align: bottom; font-family: Arial; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="font-size: 8pt; margin: 0in; padding-right: 9px; padding-left: 2pt; vertical-align: bottom; font-family: Arial; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="font-size: 8pt; margin: 0in; padding-right: 9px; padding-left: 2pt; vertical-align: bottom; font-family: Arial; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="font-size: 8pt; margin: 0in; padding-right: 9px; padding-left: 2pt; vertical-align: bottom; font-family: Arial; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">8.5 %</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;"></td>
<td style="font-size: 8pt; margin: 0in; border-top: 1pt none black; border-right: 1pt none black; border-bottom: none black; border-left: 1pt none black; padding-right: 9px; padding-left: 2pt; vertical-align: bottom; font-family: Arial;"></td>
<td style="font-size: 8pt; margin: 0in; border-top: 1pt none black; border-right: 1pt none black; border-bottom: none black; border-left: 1pt none black; padding-right: 9px; padding-left: 2pt; vertical-align: bottom; font-family: Arial;"></td>
<td style="font-size: 8pt; margin: 0in; border-top: 1pt none black; border-right: 1pt none black; border-bottom: none black; border-left: 1pt none black; padding-right: 9px; padding-left: 2pt; vertical-align: bottom; font-family: Arial;"></td>
<td style="font-size: 8pt; margin: 0in; border-top: 1pt none black; border-right: 1pt none black; border-bottom: none black; border-left: 1pt none black; padding-right: 9px; padding-left: 2pt; vertical-align: bottom; font-family: Arial;"></td>
<td style="border-top: 1pt none black; border-right: 1pt none black; border-bottom: none black; border-left: 1pt none black; padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right;"></td>
</tr>
</tbody>
</table>
</div>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;" colspan="5">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">Invested Capital</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="3">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">September 30,</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;" colspan="5">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">($ millions, unless otherwise noted)</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">2025</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2024</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;" colspan="5">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Long-term debt &#8211; current portion</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">848</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">220</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;" colspan="5">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Long-term debt</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">5,569</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">6,104</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;" colspan="5">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Long-term debt in liabilities classified as held for sale<sup style="vertical-align: super;">(1)</sup></span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">2</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">181</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;" colspan="5">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Shareholders&#8217; equity</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">3,267</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">3,164</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;" colspan="5">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Exclude: Cash and cash equivalents</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(406)</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(363)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;" colspan="5">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Total</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">9,280</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">9,306</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;" colspan="5"></td>
<td style="border-top: 1pt none black; border-right: 1pt none black; border-bottom: none black; border-left: 1pt none black; padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right;" colspan="2"></td>
<td style="border-top: 1pt none black; border-right: 1pt none black; border-bottom: none black; border-left: 1pt none black; padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right;"></td>
</tr>
<tr>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;" colspan="5"></td>
<td style="border-top: 1pt none black; border-right: 1pt none black; border-bottom: none black; border-left: 1pt none black; padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right;" colspan="2"></td>
<td style="border-top: 1pt none black; border-right: 1pt none black; border-bottom: none black; border-left: 1pt none black; padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right;"></td>
</tr>
</tbody>
</table>
</div>
<div>
<table id="splitTable" style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">($ millions, unless otherwise noted)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="5">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Three months ended</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;" colspan="2"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">ROIC</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">December<br />
31, 2023</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">March 31,<br />
2024</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">June 30,<br />
2024</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;" colspan="2">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">September<br />
30, 2024</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;" colspan="2">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Trailing twelve<br />
months ended<br />
September 30,<br />
2024</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Net earnings (loss)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">86</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(5)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">70</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">91</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">242</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Add/(less):</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Income tax expense (recovery)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(15)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(29)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">20</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">17</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(7)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Acquisition, integration and other costs</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">42</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">30</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">46</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">61</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">179</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Depreciation and amortization</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">222</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">206</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">202</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">207</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">837</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Finance cost</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">89</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">91</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">99</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">96</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">375</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(Gain) loss on foreign exchange &#8211; unrealized</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">—</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">3</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">4</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">1</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">8</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(Gain) loss on risk management and other &#8211; unrealized<sup style="vertical-align: super;">(2)</sup></span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">28</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">3</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">56</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(48)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">39</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Other (gains) and losses</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">5</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">10</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(1)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(1)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">13</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Other adjusting items<sup style="vertical-align: super;">(2)</sup></span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">6</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">18</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">8</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">7</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">39</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Adjusted EBITDA</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">463</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">327</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">504</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">431</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">1,725</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Less: Depreciation and amortization</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(222)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(206)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(202)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(207)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(837)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Adjusted EBIT</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">241</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">121</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">302</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">224</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">888</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Average effective tax rate</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2"></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">19.0 %</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Less: Taxes</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;" colspan="2"></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(169)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Net operating profit after tax</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">719</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Opening invested capital</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">9,238</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Closing invested capital</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;" colspan="2"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">9,306</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Average invested capital</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;" colspan="2"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">9,272</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Return on invested capital</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;" colspan="2"></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;" colspan="2">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">7.8 %</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
</tbody>
</table>
</div>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">Invested Capital</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="2">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">September 30,</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">($ millions, unless otherwise noted)</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2024</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2023</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Long-term debt &#8211; current portion</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">220</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">180</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Long-term debt</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">6,104</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">6,227</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Long-term debt in liabilities classified as held for sale<sup style="vertical-align: super;">(1)</sup></span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">181</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">—</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Shareholders&#8217; equity</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">3,164</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">3,259</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Exclude: Cash and cash equivalents</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(363)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(428)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Total</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">9,306</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">9,238</span></p>
</td>
</tr>
</tbody>
</table>
</div>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(1)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">For comparative purposes, long-term debt in liabilities classified as held for sale were included as part of invested capital as at September 30, 2024, to conform to the current period presentation.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(2)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">For comparative purposes, certain amounts were reclassified between realized and unrealized gain/(loss) on risk management for the three months ended March 31, 2024, with no changes to Adjusted EBITDA.</span></p>
</td>
</tr>
</tbody>
</table>
</div>
<p>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&#8217;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.</p>
<p>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 (&#8221;SSS&#8221;), and the calculation of the Food and Company C-Store SSSG.</p>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;"></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="3">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">Three months ended<br />
September 30,</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="3">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">Nine months ended<br />
September 30,</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">($ millions, unless otherwise noted)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">2025</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2024</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">%<sup style="vertical-align: super;">(1)</sup></span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">2025</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2024</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">%<sup style="vertical-align: super;">(1)</sup></span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Food and Company C-Store revenue</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">86</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">82</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">248</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">242</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Add:</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Point-of-sale (&#8221;POS&#8221;) value of goods and services sold at Food and Company C-Store operated by retailers and franchisees<sup style="vertical-align: super;">(2)</sup></span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">313</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">312</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">876</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">891</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Less:</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Rental and royalty income from retailers, franchisees and other<sup style="vertical-align: super;">(3)</sup></span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(64)</strong><br />
</span></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(62)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(182)</strong><br />
</span></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(184)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Same Store revenue adjustments<sup style="vertical-align: super;">(4)</sup> (excluding cigarettes)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(15)</strong><br />
</span></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(14)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(41)</strong><br />
</span></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(38)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt solid none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Food and Company C-Store same-store sales (including cigarettes)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">320</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">318</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">0.5 %</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">901</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">911</span></p>
</td>
<td style="padding-right: 2px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(1.2) %</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Less:</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Same Store revenue adjustments<sup style="vertical-align: super;">(4)</sup> (cigarettes)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(102)</strong><br />
</span></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(109)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(284)</strong><br />
</span></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(312)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Food and Company C-Store same-store sales (excluding cigarettes)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">218</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">209</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">4.1 %</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">617</strong><br />
</span></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">599</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2.7 %</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="border-top: none black; border-right: 1pt none black; border-bottom: 1pt none black; border-left: 1pt none black; padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right;" colspan="3"></td>
<td style="border-top: none black; border-right: 1pt none black; border-bottom: 1pt none black; border-left: 1pt none black; padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right;" colspan="3"></td>
</tr>
<tr>
<td style="border-top: none black; border-right: 1pt none black; border-bottom: 1pt none black; border-left: 1pt none black; padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right;"></td>
<td style="border-top: none black; border-right: 1pt none black; border-bottom: 1pt none black; border-left: 1pt none black; padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right;" colspan="3"></td>
<td style="border-top: none black; border-right: 1pt none black; border-bottom: 1pt none black; border-left: 1pt none black; padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right;" colspan="3"></td>
</tr>
<tr>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;"></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="3">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Three months ended<br />
September 30,</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="3">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Nine months ended<br />
September 30,</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">($ millions, unless otherwise noted)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2024</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2023</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">%<sup style="vertical-align: super;">(1)</sup></span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2024</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2023</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">%<sup style="vertical-align: super;">(1)</sup></span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Food and Company C-Store revenue</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">82</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">81</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">242</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">230</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Add:</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 16px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Point-of-sale (&#8221;POS&#8221;) value of goods and services sold at Food and Company C-Store operated by retailers<sup style="vertical-align: super;">(2)</sup></span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">314</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">331</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">895</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">925</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Less:</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 16px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Rental income from retailers and other<sup style="vertical-align: super;">(3)</sup></span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(61)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(67)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(183)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(186)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 16px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Same Store revenue adjustments<sup style="vertical-align: super;">(4)(5)</sup> (excluding cigarettes)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(15)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(13)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(43)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(39)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt solid none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Food and Company C-Store same-store sales (including cigarettes)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">320</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">332</span></p>
</td>
<td style="padding-right: 2px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(3.8) %</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">911</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">930</span></p>
</td>
<td style="padding-right: 2px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(2.2) %</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Less:</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 16px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Same Store revenue adjustments<sup style="vertical-align: super;">(4)(5)</sup> (cigarettes)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(109)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(118)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(309)</span></p>
</td>
<td style="padding-right: 5px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(331)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Food and Company C-Store same-store sales (excluding cigarettes)</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">211</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">214</span></p>
</td>
<td style="padding-right: 2px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(1.1) %</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">602</span></p>
</td>
<td style="padding-right: 9px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">599</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">0.3 %</span></p>
</td>
</tr>
</tbody>
</table>
</div>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0pt initial black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(1)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Percentages are calculated based on actual amounts and are impacted by rounding.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(2)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">POS values used to calculate Food and Company C-Store SSSG are not a Parkland financial measure and do not form part of Parkland&#8217;s consolidated financial statements, as Parkland earns rental income from retailers in the form of a percentage rent on convenience store sales. POS values are calculated based on the information obtained from Parkland&#8217;s POS systems at retail sites, including transactional data, such as sales, costs, and volumes, which are subject to internal controls over financial reporting. We also use this data to calculate rental income from retailers in the form of a percentage rent on convenience store sales, which is recorded as revenue in our consolidated financial statements.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(3)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Includes rental income from retailers in the form of a percentage rent on Food and Company C-Store sales, royalty, and franchisee fees and excludes revenues from automated teller machines, POS system licensing fees, and other.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(4)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">This adjustment excludes the effects of acquisitions, 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, to derive a comparable same-store metric.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(5)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Excludes sales from acquisitions completed within the year as these will not impact the metric until after the completion of one year of the acquisitions when the sales or volume generated establishes the baseline for these metrics.</span></p>
</td>
</tr>
</tbody>
</table>
</div>
<p>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 Q3 2025 MD&amp;A, which is incorporated by reference into this news release, for further details regarding Parkland&#8217;s non-GAAP financial measures and ratios.</p>
<p><em style="font-style: italic;">Capital Management Measures</em></p>
<p>Parkland&#8217;s primary capital management measure is the Leverage Ratio, which is used internally by key management personnel to monitor Parkland&#8217;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:</p>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt solid none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">($ millions, unless otherwise noted)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt solid none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">September 30, 2025</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt solid none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">December 31, 2024</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Leverage Debt</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">4,937</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">5,268</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Leverage EBITDA</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">1,571</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">1,481</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Leverage Ratio</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">3.1</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">3.6</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;"></td>
<td style="border-top: 1pt none black; border-right: 1pt none black; border-bottom: none black; border-left: 1pt none black; padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right;"></td>
<td style="border-top: 1pt none black; border-right: 1pt none black; border-bottom: none black; border-left: 1pt none black; padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">($ millions, unless otherwise noted)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">September 30, 2025</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">December 31, 2024</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Long-term debt</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">6,417</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">6,641</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Less:</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Lease obligations</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(1,091)</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(1,054)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Cash and cash equivalents</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(406)</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(385)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Non-recourse debt<sup style="vertical-align: super;">(1)</sup></span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(73)</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(30)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Risk management liability (asset)<sup style="vertical-align: super;">(2)</sup></span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(10)</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(30)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Add:</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Non-recourse cash<sup style="vertical-align: super;">(1)</sup></span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">30</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">31</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Letters of credit and other</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">70</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">95</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Leverage Debt</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">4,937</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">5,268</span></p>
</td>
</tr>
</tbody>
</table>
</div>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(1)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Represents non-recourse debt and non-recourse cash balance related to project financing.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(2)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Represents the risk management asset/liability associated with the spot element of the cross-currency swap designated in a cash flow hedge relationship to hedge the variability of principal cash flows of the 2024 Senior Notes resulting from changes in the spot exchange rates.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;"></td>
</tr>
</tbody>
</table>
</div>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;"></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="4">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Three months ended</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;" rowspan="2">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">Trailing twelve<br />
months ended</strong></span></p>
<p><strong style="font-weight: bold;">September 30, 2025</strong></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">($ millions, unless otherwise noted)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">December 31,<br />
2024</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">March 31,<br />
2025</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">June 30,<br />
2025</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">September 30,<br />
2025</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Adjusted EBITDA</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">428</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">375</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">508</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">540</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">1,851</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Share incentive compensation</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">11</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">8</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">7</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">7</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">33</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Reverse: IFRS 16 impact<sup style="vertical-align: super;">(1)</sup></span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(91)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(93)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(90)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(87)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(361)</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">348</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">290</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">425</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">460</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">1,523</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Acquisition pro-forma adjustment<sup style="vertical-align: super;">(2)</sup></span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">2</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Other adjustments<sup style="vertical-align: super;">(3)</sup></span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">46</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt solid none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Leverage EBITDA</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">1,571</strong><br />
</span></td>
</tr>
</tbody>
</table>
</div>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(1)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Includes the impact of operating leases prior to the adoption of IFRS 16, previously recognized under operating costs, which aligns with management&#8217;s view of the impact of earnings.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(2)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Includes the impact of pro-forma pre-acquisition EBITDA estimates based on anticipated benefits, costs and synergies from acquisitions.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(3)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Includes adjustments to normalize Adjusted EBITDA for non-recurring events relating to the unplanned shutdown at the Burnaby Refinery, completion of turnarounds at the Burnaby Refinery and the EBITDA attributable to EV charging operations financed through non-recourse project financing.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;"></td>
</tr>
</tbody>
</table>
</div>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;"></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="4">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Three months ended</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;" rowspan="2">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Trailing twelve<br />
months ended<br />
December 31, 2024</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">($ millions, unless otherwise noted)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">March 31,<br />
2024</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">June 30,<br />
2024</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">September<br />
30, 2024</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">December<br />
31, 2024</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Adjusted EBITDA</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">327</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">504</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">431</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">428</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">1,690</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Share incentive compensation</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">6</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">8</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">6</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">11</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">31</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Reverse: IFRS 16 impact<sup style="vertical-align: super;">(1)</sup></span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(83)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(80)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(84)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(91)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(338)</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">250</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">432</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">353</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">348</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">1,383</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Acquisition pro-forma adjustment<sup style="vertical-align: super;">(2)</sup></span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">11</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Other adjustments<sup style="vertical-align: super;">(3)</sup></span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">87</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt solid none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Leverage EBITDA</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt solid none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">1,481</span></p>
</td>
</tr>
</tbody>
</table>
</div>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(1)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Includes the impact of operating leases prior to the adoption of IFRS 16, previously recognized under operating costs, which aligns with management&#8217;s view of the impact of earnings.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0pt initial black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(2)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Includes the impact of pro-forma pre-acquisition EBITDA estimates based on anticipated benefits, costs and systems from acquisitions.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(3)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Includes adjustments to normalize Adjusted EBITDA for non-recurring events relating to the unplanned shutdowns at the Burnaby Refinery and the EBITDA attributable to EV charging operations financed through non-recourse project financing.</span></p>
</td>
</tr>
</tbody>
</table>
</div>
<p><em style="font-style: italic;">Measures of Segment Profit (Loss) and Total of Segments Measures</em></p>
<p>Adjusted earnings (loss) before interest, taxes, depreciation and amortization (&#8221;Adjusted EBITDA&#8221;) is a measure of segment profit (loss) and its aggregate is a total of segments measure used by the chief operating decision maker to make decisions about resource allocation to the segment and to assess its performance. In accordance with IFRS Accounting Standards, adjustments and eliminations made in preparing an entity&#8217;s financial statements and allocations of revenue, expenses, and gains or losses shall be included in determining reported segment profit (loss) only if they are included in the measure of the segment&#8217;s profit (loss) that is used by the chief operating decision maker. As such, Parkland&#8217;s Adjusted EBITDA is unlikely to be comparable to measures of segment profit (loss) presented by other issuers, who may calculate these measures differently. Parkland views Adjusted EBITDA as the key measure for the underlying core operating performance of business segment activities at an operational level. Adjusted EBITDA is used by management to set targets for Parkland (including annual guidance and variable compensation targets) and is used to determine Parkland&#8217;s ability to service debt, finance capital expenditures and provide for dividend payments to shareholders. See Section 15 of the Q3 2025 MD&amp;A, which is incorporated by reference into this news release, for the detailed definition and composition of Adjusted EBITDA. Refer to the table below for the reconciliation of Adjusted EBITDA to net earnings (loss), which is the most directly comparable financial measure, for the three and nine months ended September 30, 2025 and September 30, 2024.</p>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;"></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="2">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">Three months ended<br />
</strong><br />
<strong style="font-weight: bold;">September 30,</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: center; border: 0.5pt 1pt 1pt solid none none black;" colspan="2">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">Nine months ended<br />
September 30,</strong><br />
</span></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">($ millions)</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">2025</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2024</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">2025</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">2024</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Adjusted EBITDA<sup style="vertical-align: super;">(<br />
1)</sup></span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">540</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">431</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">1,423</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 0.5pt 1pt 1pt solid none none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">1,262</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Less/(add):</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;"></td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 9.46667px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Acquisition, integration and other costs</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">22</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">61</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">97</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">137</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 9.46667px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Depreciation and amortization</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">213</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">207</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">635</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">615</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 9.46667px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Finance costs</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">91</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">96</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">283</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">286</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 9.46667px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(Gain) loss on foreign exchange – unrealized</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">7</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">1</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(2)</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">8</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 9.46667px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(Gain) loss on risk management and other – unrealized<sup style="vertical-align: super;">(4)</sup></span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(3)</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(48)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(51)</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">11</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 9.46667px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Costs related to the Sunoco Transaction</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">38</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">—</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">84</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">—</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 9.46667px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Other (gains) and losses<sup style="vertical-align: super;">(2)</sup></span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(4)</strong><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">(1)</span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">(93)</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">8</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt none black;">
<p style="margin: 0px 0pt 0px 9.46667px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Other adjusting items<sup style="vertical-align: super;">(3)(4)</sup></span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">8</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">7</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">19</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">33</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 9.46667px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Income tax expense (recovery)</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">39</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">17</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">86</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">8</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Net earnings (loss)</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">129</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">91</span></p>
</td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<strong style="font-weight: bold;">365</strong><br />
</span></td>
<td style="padding-right: 4px; padding-left: 2pt; vertical-align: bottom; text-align: right; border: 1pt 1pt 0.5pt none none solid black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">156</span></p>
</td>
</tr>
</tbody>
</table>
</div>
<div>
<table style="border-collapse: collapse; border: 1pt none black;" border="0" cellspacing="0" cellpadding="1">
<tbody>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(1)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Total of segments measure. See Section 15 of the Q3 MD&amp;A.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><sup style="vertical-align: super;">(2)</sup></span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Other (gains) and losses for the three months ended September 30, 2025, include: (i) $3 million gain (2024 &#8211; $24 million loss) in others; (ii) $3 million (2024 &#8211; $3 million) in other income; (iii) $1 million non-cash valuation loss (2024 &#8211; $5 million loss) due to the change in estimates of environmental provisions; (iv) $1 million loss (2024 &#8211; $2 million gain) on disposal of assets; and (v) nil non-cash valuation (2024 &#8211; $25 million gain) due to change in fair value of redemption options. Other (gains) and losses for the nine months ended September 30, 2025, include: (i) $76 million non-cash valuation gain (2024 &#8211; $1 million gain) due to change in fair value of redemption options; (ii) $10 million (2024 &#8211; $8 million) in other income; (iii) $3 million gain (2024 -$33 million loss) in others; (iv) $3 million non-cash valuation gain (2024 &#8211; $11 million gain) due to the change in estimates of environmental provisions; and (v) $1 million gain (2024 &#8211; $5 million gain) on disposal of assets.</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><sup style="vertical-align: super;">(3)</sup></span></p>
</td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">Other adjusting items for the three months ended September 30, 2025, include: (i) the share of depreciation, income taxes and other adjustments for investments in joint ventures and associates of $8 million (2024 &#8211; $4 million); (ii) other income of $3 million (2024 &#8211; $3 million); and (iii) realized gains and losses on risk management and other assets and liabilities related to underlying physical sales activity in another period of $3 million gain (2024 &#8211; nil). Other adjusting items for the nine months ended September 30, 2025, include: (i) the share of depreciation, income taxes and other adjustments for investments in joint ventures and associates of $21 million (2024 &#8211; $11 million); (ii) other income of $6 million (2024 &#8211; $8 million); (iii) realized gains and losses on risk management and other assets and liabilities related to underlying physical sales activity in another period of $4 million gain (2024 &#8211; $12 million loss); (iv) adjustment to foreign exchange gains and losses related to cash pooling arrangements of $4 million gain (2024 &#8211; $4 million loss); and (v) realized risk management gains related to interest rate swaps, as these gains do not relate to commodity sale and purchase transactions, of nil (2024 -$2 million gain).</span></p>
</td>
</tr>
<tr>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: top; text-align: right; border: 1pt none black;">
<p style="margin-top: 0px; margin-bottom: 0px; margin-left: 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;"><br />
<sup style="vertical-align: super;">(4)</sup><br />
</span></td>
<td style="padding-right: 1px; padding-left: 2pt; vertical-align: bottom; border: 0pt initial black;">
<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial;"><span style="font-size: 8pt;">For comparative purposes, certain amounts were reclassified between realized and unrealized gain/(loss) on risk management for the nine months ended September 30, 2024, with no changes to Net earnings (loss).</span></p>
</td>
</tr>
</tbody>
</table>
</div>
<p><em style="font-style: italic;">Supplementary Financial Measures</em></p>
<p>Parkland uses a number of supplementary financial measures, including TTM Cash generated from (used in) operating activities, TTM Cash generated from (used in) operating activities per share, liquidity available and Adjusted EBITDA Guidance and Capital Expenditure Guidance, to evaluate the success of our strategic objectives. These measures may not be comparable to similar measures presented by other issuers, as other issuers may calculate these measures differently. See Section 15 of the Q3 2025 MD&amp;A, which is incorporated by reference into this news release, for further details regarding supplementary financial measures used by Parkland, including the composition of such measures.</p>
<p><strong style="font-weight: bold;">Non-Financial Measures</strong></p>
<p>Parkland uses a number of non-financial measures, including Company SSVG, composite utilization and total recordable injury frequency rate, to measure the success of our strategic objectives and to set variable compensation targets for employees, where applicable. These non-financial measures are not accounting measures, do not have comparable IFRS Accounting Standards measures, and may not be comparable to similar measures presented by other issuers, as other issuers may calculate these metrics differently. See Section 15 of the Q3 2025 MD&amp;A, which is incorporated by reference into this news release, for further details on the non-financial measures used by Parkland.</p></div>
</div>
<div id="divMediaContact">
<p>For Further Information: Investor Inquiries: 1-855-355-1051, Investor.Relations@parkland.ca</p></div>
</div>
</div>
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		<item>
		<title>Parkland Corporation and Sunoco LP Receive Investment Canada Act Approval</title>
		<link>https://caribpr.com/parkland-corporation-and-sunoco-lp-receive-investment-canada-act-approval/</link>
		<comments>https://caribpr.com/parkland-corporation-and-sunoco-lp-receive-investment-canada-act-approval/#comments</comments>
		<pubDate>Tue, 14 Oct 2025 14:12:57 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[energy]]></category>

		<guid isPermaLink="false">https://caribpr.com/?p=16333</guid>
		<description><![CDATA[
CALGARY, AB, Oct 14, 2025 /PRNewswire-HISPANIC PR WIRE/ &#8212; Parkland Corporation (&#8221;Parkland&#8221;) (TSX: PKI) and Sunoco LP (NYSE: SUN) (&#8221;Sunoco&#8221; or the &#8220;Partnership&#8221;) today announced that the Government of Canada has approved the previously announced proposed acquisition of Parkland by Sunoco (the &#8220;Transaction&#8221;), in accordance with the terms of the Investment Canada Act.




The Transaction is [...]]]></description>
			<content:encoded><![CDATA[<div id="divHeadline" style="width: 800px; margin-left: 10pt;">
<p style="text-align: left;"><span class="legendSpanClass">CALGARY, AB</span>, <span class="legendSpanClass">Oct 14, 2025</span> /PRNewswire-HISPANIC PR WIRE/ &#8212; Parkland Corporation (&#8221;Parkland&#8221;) (TSX: PKI) and Sunoco LP (NYSE: SUN) (&#8221;Sunoco&#8221; or the &#8220;Partnership&#8221;) today announced that the Government of Canada has approved the previously announced proposed acquisition of Parkland by Sunoco (the &#8220;Transaction&#8221;), in accordance with the terms of the Investment Canada Act.</p>
</div>
<div id="divBody" style="width: 800px; margin-left: 10pt;">
<div id="divWide" style="margin:0;margin-top:1.33em;">
<div id="ReleaseContent" class="content">
<p>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.</p>
<p><strong>About Parkland Corporation</strong></p>
<p>Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in twenty-six countries across the Americas. Parkland&#8217;s retail network meets the fuel, and convenience needs of everyday consumers. Parkland&#8217;s commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting its customers&#8217; 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.</p>
<p>Parkland&#8217;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&#8217;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&#8217;s business is underpinned by our people and our values of safety, integrity, community, and respect, which are embedded across its organization.</p>
<p><strong>About Sunoco LP</strong></p>
<p>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&#8217;s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 100 terminals. This critical infrastructure complements the Partnership&#8217;s fuel distribution operations, which serve approximately 7,400 Sunoco and partner branded locations and additional independent dealers and commercial customers. SUN&#8217;s general partner is owned by Energy Transfer LP (NYSE: ET).</p>
<p><strong>Forward-Looking Statements</strong></p>
<p>Certain statements contained herein constitute forward-looking information and statements (collectively, &#8220;forward looking statements&#8221;). When used in this news release, the word &#8220;expect&#8221;, &#8220;subject to&#8221; 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.</p>
<p>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&#8217;s or Parkland&#8217;s business, including current plans and operations and that management&#8217;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&#8217;s and/or Parkland&#8217;s financial performance and operating results; and certain restrictions during the pendency of the Transaction that may impact Parkland&#8217;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 &#8220;Cautionary Statement Regarding Forward-Looking Information&#8221; and &#8220;Risk Factors&#8221; in Parkland&#8217;s current Annual Information Form dated March 5, 2025, under the headings &#8220;Forward-Looking Information&#8221; and &#8220;Risk Factors&#8221; in the Q2 Management&#8217;s Discussion and Analysis dated August 5, 2025, and under the heading &#8220;Risk Factors&#8221; in Parkland&#8217;s management information circular and proxy statement dated May 26, 2025, each as filed on SEDAR+ and available on Parkland&#8217;s website at <a href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4530738-1&amp;h=1179875628&amp;u=https%3A%2F%2Fwww.parkland.ca%2F&amp;a=www.parkland.ca" target="_blank">www.parkland.ca</a>, (ii) in Item 1A of Sunoco&#8217;s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (&#8221;SEC&#8221;) on February 14, 2025 and in Item 1A of Sunoco&#8217;s Quarterly Reports on Form 10-Q, filed with the SEC on May 8, 2025 and August 7, 2025.</p>
<p>The forward-looking statements contained herein are expressly qualified by this cautionary statement.</p>
<p>For Further Information : Investor Inquiries, 1-855-355-1051, Investor.Relations@parkland.ca</p></div>
</div>
<p><!-- #End Wide Release --></p>
<p><!-- #End release --></div>
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		<item>
		<title>Bahamas Grid Company Reports Strong Early Progress on Foundational Grid Upgrade Project</title>
		<link>https://caribpr.com/bahamas-grid-company-reports-strong-early-progress-on-foundational-grid-upgrade-project/</link>
		<comments>https://caribpr.com/bahamas-grid-company-reports-strong-early-progress-on-foundational-grid-upgrade-project/#comments</comments>
		<pubDate>Thu, 09 Oct 2025 14:14:00 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[energy]]></category>
		<category><![CDATA[#islandgrid]]></category>
		<category><![CDATA[Bahamas]]></category>

		<guid isPermaLink="false">https://caribpr.com/?p=16330</guid>
		<description><![CDATA[
NASSAU, The Bahamas, Oct. 9, 2025 /PRNewswire-HISPANIC PR WIRE/ &#8212; Six months after the launch of its Foundational Grid Upgrade Project and one year since providing restoration and maintenance activities, the Bahamas Grid Company (BGC) has released its first comprehensive Progress Metrics Report. The report highlights major upgrades to the transmission and distribution systems serving [...]]]></description>
			<content:encoded><![CDATA[<div id="divHeadline" style="width: 800px; margin-left: 10pt;">
<p style="text-align: left;"><span class="legendSpanClass">NASSAU, The Bahamas</span>, <span class="legendSpanClass">Oct. 9, 2025</span> /PRNewswire-HISPANIC PR WIRE/ &#8212; Six months after the launch of its <strong>Foundational Grid Upgrade Project</strong> and one year since providing restoration and maintenance activities, the <strong>Bahamas Grid Company (BGC)</strong> has released its first comprehensive <a style="COLOR: blue" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4528489-1&amp;h=1892257375&amp;u=http%3A%2F%2Fbahamasgrid.net%2Fprogressreport&amp;a=Progress+Metrics+Report" target="_blank">Progress Metrics Report</a><strong>.</strong> The report highlights major upgrades to the transmission and distribution systems serving New Providence, paving the way for greater reliability, resilience, and power quality.</p>
</div>
<div id="divBody" style="width: 800px; margin-left: 10pt;">
<div id="divWide" style="margin:0;margin-top:1.33em;">
<div id="ReleaseContent" class="content">
<div id="dvprnejpg2890left" style="width: 100%; text-align: left;" dir="ltr"><img id="prnejpg2890left" title="BGC Working on the Distribution System" src="https://mma.prnewswire.com/media/2791615/Island_Grid_BGC_Working_on_the_Distribution_System.jpg" alt="BGC Working on the Distribution System" align="middle" /></div>
<p>Early results show the project is already transforming electricity delivery, with outages declining sharply and thousands of customers now experiencing enhanced service quality.</p>
<p><strong>Building a Stronger, More Resilient Grid</strong></p>
<p>Progress on the $130 million initiative is well ahead of schedule—28% faster than planned—with major infrastructure improvements completed or underway:</p>
<ul type="disc">
<li style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">144 new steel poles installed, replacing aging wooden structures and providing Category 5 hurricane-grade resilience.</li>
<li style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">153,120 feet of transmission cable reconductored with double-sized wire to accommodate future load growth and new generation sources.</li>
<li style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">42,240 feet of distribution cable reconductored to remediate system vulnerabilities and support expanding customer demand.</li>
<li style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Three new substations under construction to enhance system protection and enable rerouting of power to prevent large-scale outages.</li>
</ul>
<p><strong>Leveraging Smart Technologies to Reduce Outages</strong></p>
<p>The deployment of advanced grid technologies is delivering measurable results in outage reduction and faster response times:</p>
<ul type="disc">
<li style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">47 IntelliRupters installed on high-risk feeders to reduce both the number of outages and the customers affected by them.</li>
<li style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">137,280 feet of OPGW fiber cable replaced to enable remote operations, protection devices, and the integration of smart technologies across the grid.</li>
<li style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">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.</li>
</ul>
<p><strong>Direct Public Benefits Already Visible</strong></p>
<p>The positive impact of these upgrades is being felt by homes and businesses across New Providence:</p>
<ul type="disc">
<li style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">49,000 homes in historically outage-prone areas are now experiencing far fewer interruptions.</li>
<li style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">16,000 homes have benefited from load-balancing efforts that improve power quality and extend the lifespan of home appliances.</li>
<li style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Proactive patrols and maintenance on 70 circuit miles of high-risk areas are reducing potential storm damage before it occurs.</li>
<li style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">86% reduction in outages for customers downstream of IntelliRupters.</li>
</ul>
<p>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.</p>
<p><strong>About Us<br />
</strong>Bahamas Grid Company (BGC), established through a public-private partnership, is a wires company that operates and manages the transmission and distribution system (T&amp;D System) – i.e., the poles, wires and substations that distribute power – across the island of New Providence in The Bahamas.</p>
<p>Website: <a style="COLOR: blue" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4528489-1&amp;h=1534967766&amp;u=https%3A%2F%2Fbahamasgrid.net%2F&amp;a=https%3A%2F%2Fbahamasgrid.net%2F" target="_blank">https://bahamasgrid.net/</a></p>
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<p>Photo &#8211; <a style="COLOR: blue" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4528489-1&amp;h=2334295797&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2791615%2FIsland_Grid_BGC_Working_on_the_Distribution_System.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2791615%2FIsland_Grid_BGC_Working_on_the_Distribution_System.jpg" target="_blank">https://mma.prnewswire.com/media/2791615/Island_Grid_BGC_Working_on_the_Distribution_System.jpg</a></p>
<p>Logo &#8211; <a style="COLOR: blue" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4528489-1&amp;h=1406533379&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2652249%2FIsland_Grid_Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2652249%2FIsland_Grid_Logo.jpg" target="_blank">https://mma.prnewswire.com/media/2652249/Island_Grid_Logo.jpg</a></p>
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		<title>Parkland Corporation Announces Election Deadline for the Sunoco Arrangement</title>
		<link>https://caribpr.com/parkland-corporation-announces-election-deadline-for-the-sunoco-arrangement/</link>
		<comments>https://caribpr.com/parkland-corporation-announces-election-deadline-for-the-sunoco-arrangement/#comments</comments>
		<pubDate>Wed, 08 Oct 2025 13:51:54 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[energy]]></category>
		<category><![CDATA[#energynewstoday]]></category>
		<category><![CDATA[#ParklandFuel]]></category>

		<guid isPermaLink="false">https://caribpr.com/?p=16327</guid>
		<description><![CDATA[CALGARY, AB, Oct. 8, 2025 /PRNewswire-HISPANIC PR WIRE/ &#8212; Parkland Corporation (&#8221;Parkland&#8221;, &#8220;we&#8221;, the &#8220;Company&#8221;, or &#8220;our&#8221;) (TSX: PKI) announced today that the deadline for registered holders of common shares of Parkland (the &#8220;Company Shares&#8221;) to make elections in respect of the consideration receivable pursuant to the previously announced Sunoco Arrangement1 is 5:00 P.M. (Calgary [...]]]></description>
			<content:encoded><![CDATA[<p><span class="legendSpanClass">CALGARY, AB</span>, <span class="legendSpanClass">Oct. 8, 2025</span> /PRNewswire-HISPANIC PR WIRE/ &#8212; Parkland Corporation (&#8221;Parkland&#8221;, &#8220;we&#8221;, the &#8220;Company&#8221;, or &#8220;our&#8221;) (TSX: PKI) announced today that the deadline for registered holders of common shares of Parkland (the &#8220;Company Shares&#8221;) to make elections in respect of the consideration receivable pursuant to the previously announced Sunoco Arrangement<sup>1</sup> is 5:00 P.M. (Calgary time) on October 17, 2025 (the &#8220;Election Deadline&#8221;).</p>
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<p>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 <a href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4528036-1&amp;h=4249521636&amp;u=http%3A%2F%2Fwww.parkland.ca%2F&amp;a=www.parkland.ca" target="_blank">www.parkland.ca</a> and the Company&#8217;s profile on SEDAR+ at <a href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4528036-1&amp;h=4057505250&amp;u=http%3A%2F%2Fwww.sedarplus.ca%2F&amp;a=www.sedarplus.ca" target="_blank">www.sedarplus.ca</a>.</p>
<p>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.</p>
<p>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.</p>
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<p style="margin: 0px 0pt 0px 3.8px; font-size: 8pt; font-family: Arial; color: black;"><span class="prnews_span" style="font-size: 8pt; font-family: Arial; color: black;">_________________________________________</span></p>
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<sup>1</sup> On May 5, 2025, Parkland announced that it entered into an arrangement agreement (as amended by an amending agreement dated May 26, 2025) with Sunoco LP (NYSE:SUN) (&#8221;Sunoco&#8221;), SunocoCorp LLC (formerly, NuStar GP Holdings LLC), and 2709716 Alberta ULC (formerly, 2709716 Alberta Ltd.) (the &#8220;Purchaser&#8221;), pursuant to which Sunoco, through the Purchaser, will acquire all of the issued and outstanding Company Shares by way of a court-approved plan of arrangement under Section 193 of the Business Corporations Act (Alberta) in a cash and equity transaction.</span></td>
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<p><strong>About Parkland Corporation</strong></p>
<p>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&#8217; 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.</p>
<p><strong>Forward-Looking Statements</strong></p>
<p>Certain statements contained herein constitute forward-looking information and statements (collectively, &#8220;forward looking statements&#8221;). When used in this press release, the words &#8220;expect&#8221;, &#8220;may&#8221;, &#8220;shall&#8221;, &#8220;will&#8221;, 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.</p>
<p>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&#8217;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 &#8220;Cautionary Statement Regarding Forward-Looking Information&#8221; and &#8220;Risk Factors&#8221; in Parkland&#8217;s current Annual Information Form dated March 5, 2025, under the headings &#8220;Forward-Looking Information&#8221; and &#8220;Risk Factors&#8221; in the Q2 Management&#8217;s Discussion and Analysis dated August 5, 2025, and under the heading &#8220;Risk Factors&#8221; in Parkland&#8217;s management information circular and proxy statement dated May 26, 2025, each as filed on SEDAR+ and available on Parkland&#8217;s website at <a href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4528036-1&amp;h=4249521636&amp;u=http%3A%2F%2Fwww.parkland.ca%2F&amp;a=www.parkland.ca" target="_blank">www.parkland.ca</a>.</p>
<p>The forward-looking statements contained herein are expressly qualified by this cautionary statement.</p>
<p>For Further Information: Investor Inquiries, 1-855-355-1051, Investor.Relations@parkland.ca</p>
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