---
schema_version: "secwatch.filing_event.v1"
accession: "0001552275-24-000022"
form_type: "8-K"
ticker: "SUN"
cik: "0001552275"
company_name: "Sunoco LP"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T09:55:02.493962+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sunoco Q1 net income up 63% to $230M; raises distribution 4%; guides FY EBITDA $1.46-1.52B

## Summary
- Net income $230M (vs $141M YoY); Adjusted EBITDA $242M (vs $221M); fuel volume up 9% to 2.1B gallons.
- Quarterly distribution raised 4% to $0.8756/unit; payable May 20 to holders of record May 13.
- FY2024 Adjusted EBITDA guidance raised to $1.46-1.52B including NuStar; legacy SUN reaffirmed at $975M-$1B.
- Completed NuStar acquisition on May 3; divested 204 stores to 7-Eleven for ~$1.0B on Apr 16.
- S&P and Moody's upgraded credit ratings; new $1.5B unsecured revolver matures in May 2029.

## SEC filing metadata
- accession: 0001552275-24-000022
- form_type: 8-K
- ticker: SUN
- cik: 0001552275
- company_name: Sunoco LP
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552275/000155227524000022/0001552275-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552275/000155227524000022/sun-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552275-24-000022
- JSON: https://secwatch.observer/filing/0001552275-24-000022.json
- Plain text: https://secwatch.observer/filing/0001552275-24-000022.txt

## Key facts
- Earnings Releases
  Sunoco LP reported the quarter ended March 31, 2024 results: net income $230 million. Guidance raised.
  - Period: the quarter ended March 31, 2024
  - Net income: $230 million
  - Guidance: raised
  - Result: reported results
  source text: Net income for the first quarter of 2024 was $230 million compared to net income of $141 million in the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552275/000155227524000022/0001552275-24-000022-index.htm

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