secwatch.observer — SEC 8-K summary
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Issuer:     Sunoco LP (SUN)
CIK:        0001552275
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001552275-24-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552275/000155227524000022/0001552275-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552275/000155227524000022/sun-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001552275-24-000022

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