secwatch.observer — SEC 8-K summary
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Issuer:     Sunoco LP (SUN)
CIK:        0001552275
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001552275-24-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunoco LP Q4 net loss $106M; announces NuStar acquisition, Zenith deal, store sale
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- Q4 net loss of $106M vs net income of $55M YoY; Adjusted EBITDA $236M vs $238M.
- Record Q4 volume of 2.2B gallons (+11%); fuel margin 12.3 cpg vs 12.8 cpg.
- Full year net income $394M (down 17%); Adjusted EBITDA $964M (+5% YoY).
- Reaffirms 2024 Adjusted EBITDA guidance $975M–$1B, excluding pending NuStar deal.
- In January, signed deals: acquire NuStar ($7.3B), Zenith terminals (€170M), sell 204 stores to 7-Eleven ($1B).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552275/000155227524000008/0001552275-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552275/000155227524000008/sun-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001552275-24-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer