Sunoco LP Q2 net income $501M record; Adjusted EBITDA $400M excl. transaction costs

Sunoco LP

Net income $501M vs $87M YoY; Adjusted EBITDA $400M excl. $80M transaction expenses; Distributable Cash Flow $295M vs $175M.
Completed NuStar acquisition May 3 and 204-store divestiture to 7-Eleven April 16; NuStar synergies raised to $200M commercial/expense and $60M financial.
Reaffirms FY2024 Adjusted EBITDA guidance $1.46B-$1.52B (excl. synergies/transaction costs); growth capex >$300M, maintenance ~$120M.
July 16 formed Permian Basin JV with Energy Transfer; June 28 agreed to acquire liquid fuels terminal in Portland, ME.
Q2 distribution $0.8756/unit, payable Aug 19; leverage 4.1x; liquidity $1.4B on $1.5B revolver.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.