---
schema_version: "secwatch.filing_event.v1"
accession: "0001552275-23-000006"
form_type: "8-K"
ticker: "SUN"
cik: "0001552275"
company_name: "Sunoco LP"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T11:16:55.767217+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sunoco LP reports record full-year 2022 Adjusted EBITDA of $919M; guides 2023 EBITDA $850-900M

## Summary
- Q4 2022 net income $55M (down from $100M YoY); Adjusted EBITDA $238M (up 20% from $198M).
- Full-year 2022 Adjusted EBITDA record $919M, up 22% YoY, above prior guidance.
- Full-year net income $475M vs $524M in 2021; Distributable Cash Flow as adjusted $650M vs $542M.
- Declared Q4 distribution $0.8255/unit, payable Feb 21, 2023; liquidity $593M, leverage 3.8x.
- 2023 guidance: Adj. EBITDA $850-900M; fuel volumes ~7.8B gal, margin ~12.0¢/gal; growth capex ≥$150M.

## SEC filing metadata
- accession: 0001552275-23-000006
- form_type: 8-K
- ticker: SUN
- cik: 0001552275
- company_name: Sunoco LP
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552275/000155227523000006/0001552275-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552275/000155227523000006/sun-20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552275-23-000006
- JSON: https://secwatch.observer/filing/0001552275-23-000006.json
- Plain text: https://secwatch.observer/filing/0001552275-23-000006.txt

## Key facts
- Earnings Releases
  Sunoco LP reported the twelve months ended December 31, 2022 results: net income $475 million. Guidance reaffirmed.
  - Period: the twelve months ended December 31, 2022
  - Net income: $475 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: For the twelve months ended December 31, 2022, net income was $475 million versus $524 million in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552275/000155227523000006/0001552275-23-000006-index.htm
- Earnings Releases
  Sunoco LP reported the three- and twelve-month periods ended December 31, 2022 results: net income $55 million. Guidance reaffirmed.
  - Period: the three- and twelve-month periods ended December 31, 2022
  - Net income: $55 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: On February 15, 2023, Sunoco LP issued a news release announcing its results for the fiscal year and fourth fiscal quarter ended December 31, 2022 and providing access information for an investor conference call to discuss those results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552275/000155227523000006/0001552275-23-000006-index.htm
- Earnings Releases
  Sunoco LP updated its full year 2023 guidance (reaffirmed).
  - Period: full year 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: The Partnership expects full year 2023 Adjusted EBITDA (1)(2) to be between $850 and $900 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552275/000155227523000006/0001552275-23-000006-index.htm

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