secwatch.observer — SEC 8-K summary
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Issuer:     Sunoco LP (SUN)
CIK:        0001552275
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001552275-24-000080
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunoco LP Q3 2024: Net income sinks to $2M; Adj EBITDA surges to $456M on NuStar acquisition
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- Net income $2M vs $272M YoY ($0.01 EPS); includes large non-cash charges from NuStar integration.
- Adjusted EBITDA $456M (+77% YoY) includes $14M one-time transaction costs; DCF $349M.
- Fuel Distribution: 2.1B gallons sold (+1%), margin 12.8 cpg vs 12.5 cpg, Adj EBITDA $253M.
- Pipeline Systems Adj EBITDA $136M, Terminals $67M (includes $11M and $3M one-time costs).
- Distribution $0.8756/unit; leverage 4.0x; capEx $93M ($67M growth); liquidity $1.4B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552275/000155227524000080/0001552275-24-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552275/000155227524000080/sun-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001552275-24-000080

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