---
schema_version: "secwatch.filing_event.v1"
accession: "0001552275-23-000022"
form_type: "8-K"
ticker: "SUN"
cik: "0001552275"
company_name: "Sunoco LP"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:28:28.811293+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sunoco Q1 net income $141M; Adjusted EBITDA $221M; raises FY guidance

## Summary
- Net income $141M (down from $216M YoY); Adjusted EBITDA $221M (up from $191M); DCF as adj. $160M (up from $142M).
- Fuel sales 1.9B gallons (+9% YoY); fuel margin 12.9 cpg vs 12.4 cpg prior year.
- Completed acquisition of 16 refined product terminals from Zenith Energy for $110M on May 1; expects accretive in year one.
- Quarterly distribution raised 2% to $0.8420/unit ($3.368 annualized); payable May 22 to holders of record May 8.
- Revised FY 2023 Adjusted EBITDA guidance to $865-$915M (from prior); growth capex at least $150M; leverage 3.6x.

## SEC filing metadata
- accession: 0001552275-23-000022
- form_type: 8-K
- ticker: SUN
- cik: 0001552275
- company_name: Sunoco LP
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552275/000155227523000022/0001552275-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552275/000155227523000022/sun-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552275-23-000022
- JSON: https://secwatch.observer/filing/0001552275-23-000022.json
- Plain text: https://secwatch.observer/filing/0001552275-23-000022.txt

## Key facts
- Earnings Releases
  Sunoco LP reported first fiscal quarter ended March 31, 2023 results: net income $141 million. Guidance raised.
  - Period: first fiscal quarter ended March 31, 2023
  - Net income: $141 million
  - Guidance: raised
  - Result: reported results
  source text: Sunoco LP issued a news release announcing its results for the first fiscal quarter ended March 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552275/000155227523000022/0001552275-23-000022-index.htm

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