secwatch.observer — SEC 8-K summary
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Issuer:     Sunoco LP (SUN)
CIK:        0001552275
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001552275-22-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552275/000155227522000063/0001552275-22-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552275/000155227522000063/a3q2022earningsrelease.htm
  HTML page:      https://secwatch.observer/filing/0001552275-22-000063

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