secwatch.observer — SEC 8-K summary
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Issuer:     Sunoco LP (SUN)
CIK:        0001552275
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001552275-23-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552275/000155227523000022/0001552275-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552275/000155227523000022/sun-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001552275-23-000022

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