Business

N.L's fuel price roller coaster ride continues with Saturday increase – CBC.ca

Published

3 years ago

March 20, 2022

Gas prices are once again on the move in Newfoundland and Labrador, up 8.3 cents per litre Saturday morning. (Garrett Barry/CBC)

Fuel prices are fluctuating for the third consecutive day in Newfoundland and Labrador.

The maximum price of gasoline is up 8.3 cents per litre Saturday morning, according to the Public Utilities Board, putting the price of a litre of self-serve unleaded fuel at $1.874 on the Avalon Peninsula.

The increases bring varying prices across the province. The new maximum price in central Newfoundland sits at $1.899, while drivers in Deer Lake and Corner Brook will see a price of $1.881 per litre at the pumps.

Prices in central Labrador remain at $1.596, while western Labrador moves to $1.94 per litre. Ramea continues to see the most expensive fuel prices in the province at $1.998 per litre.

Saturday’s change to prices is the third since Thursday. Prices dropped on both Thursday and Friday by a total of about 14 cents per litre before Saturday’s increase.

The change is due to a “significant upward shift in the benchmarks used by the Board to set maximum prices of regulated petroleum products,” according to a news release.

The price of all other fuels is also up — with the exception of propane, which will see no change.

Diesel fuel sees the largest increase, up 13.5 cents per litre. Furnace oil is up 10.46 cents per litre. Stove oil prices are also up just under 13 cents per litre on the island and 11.33 cents in Labrador.

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Business

Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

Published

8 hours ago

November 5, 2024

Anne Joseph

TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.

The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.

Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.

Consolidated comparable sales were up 0.3 per cent.

On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.

The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:QSR)

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Business

Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

Published

8 hours ago

November 5, 2024

Anne Joseph

ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.

The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.

Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.

Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.

On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.

The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:FTS)

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Thomson Reuters reports Q3 profit down from year ago as revenue rises

Published

8 hours ago

November 5, 2024

Anne Joseph

TORONTO – Thomson Reuters reported its third-quarter profit fell compared with a year ago as its revenue rose eight per cent.

The company, which keeps its books in U.S. dollars, says it earned US$301 million or 67 cents US per diluted share for the quarter ended Sept. 30. The result compared with a profit of US$367 million or 80 cents US per diluted share in the same quarter a year earlier.

Revenue for the quarter totalled US$1.72 billion, up from US$1.59 billion a year earlier.

In its outlook, Thomson Reuters says it now expects organic revenue growth of 7.0 per cent for its full year, up from earlier expectations for growth of 6.5 per cent.

On an adjusted basis, Thomson Reuters says it earned 80 cents US per share in its latest quarter, down from an adjusted profit of 82 cents US per share in the same quarter last year.

The average analyst estimate had been for a profit of 76 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:TRI)

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