Sunoco amends Parkland deal; pro forma 2024 net loss $262M, Q1 2025 net income $106M

Sunoco LP

Amendment adjusts funding mechanics and proration formula for ~$9.1B Parkland acquisition; all other terms unchanged.
Parkland commenced mailing management information circular for shareholder vote on the plan of arrangement.
Pro forma for year ended Dec 31, 2024: revenue $43.7B, net loss attributable to limited partners $262M (vs Sunoco standalone net income $716M).
Pro forma for Q1 2025: revenue $9.9B, net income attributable to limited partners $106M (vs Sunoco standalone $166M).
Sunoco secured a $2.65B bridge loan for cash consideration; expects deal close in H2 2025.

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