Alimentation Couche-Tard finds upside in 'volatile' gas market: CEO

One of Canada's largest gas station operators managed to grow its profit and revenue even as the Middle East war choked the global flow of fuel.

Alimentation Couche-Tard Inc. reported a fourth-quarter profit attributable to shareholders of $863.4 million, up from $439.4 million in the same quarter last year.

The Laval, Que.-based company's revenue for the period ended April 26 totalled $19.49 billion, up from $16.27 billion a year earlier.

Some of the boost came from higher gas prices that have resulted from the conflict between Iran, Israel and the U.S.

Alimentation Couche-Tard CEO Alex Miller says that's because when there is volatility in the gas market, it creates upside for his company.

Despite the recent surge in gas prices, he says customers make more trips to the pump.