---
schema_version: "secwatch.filing_event.v1"
accession: "0001552275-22-000063"
form_type: "8-K"
ticker: "SUN"
cik: "0001552275"
company_name: "Sunoco LP"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T18:14:42.279169+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sunoco Q3 Adj EBITDA $276M (+39% YoY); raises FY22 guidance; acquires Peerless for $70M

## Summary
- Net income $83M, Adjusted EBITDA $276M, Distributable Cash Flow $196M (vs $104M, $198M, $146M YoY).
- Full-year 2022 Adjusted EBITDA guidance increased to $845-865M from prior range.
- Definitive agreement to acquire Peerless Oil & Chemicals for $70M; expected to close Q4, funded via revolver.
- Q3 distribution $0.8255/unit declared (Nov 18 pay date); cash coverage 2.2x, TTM coverage 1.8x.
- Fuel margin improved to 13.9 cpg (vs 11.3 cpg YoY); volume ~2.0B gallons (+1% YoY).

## SEC filing metadata
- accession: 0001552275-22-000063
- form_type: 8-K
- ticker: SUN
- cik: 0001552275
- company_name: Sunoco LP
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552275/000155227522000063/0001552275-22-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552275/000155227522000063/a3q2022earningsrelease.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552275-22-000063
- JSON: https://secwatch.observer/filing/0001552275-22-000063.json
- Plain text: https://secwatch.observer/filing/0001552275-22-000063.txt

## Key facts
- Earnings Releases
  Sunoco LP reported the third fiscal quarter ended September 30, 2022 results: net income $83 million. Guidance raised.
  - Period: the third fiscal quarter ended September 30, 2022
  - Net income: $83 million
  - Guidance: raised
  - Result: reported results
  source text: News Release Sunoco LP Announces Third Quarter 2022 Financial and Operating Results • Reports third quarter results including net income of $83 million, Adjusted EBITDA (1) of $276 million and Distributable Cash Flow, as adjusted (1) of $196 million • Executes a definitive agreement to acquire Peerless Oil & Chemicals, Inc., a leading terminal operator and refined product logistics business in Puerto Rico • Increases full-year 2022 Adjusted EBITDA (1)(2) guidance to $845 to $865 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552275/000155227522000063/0001552275-22-000063-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.