Sunoco LP files 8-K to revise 2023 segment data post-NuStar acquisition, provides pro forma statements

Sunoco LP

Retrospective revision of 2023 reportable segments to reflect post-NuStar acquisition structure.
NuStar merger closed May 3, 2024; issued 51.5M units (~$2.85B), assumed $3.5B debt and $800M preferred.
West Texas sale of 204 c-stores to 7-Eleven completed April 2024 for ~$1.0B; recorded $598M gain.
Pro forma income statement for 2023 shows combined revenue of $23.987B vs Sunoco standalone $23.068B.
No forecasted synergies included; pro forma is illustrative only.

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