---
schema_version: "secwatch.filing_event.v1"
accession: "0001552275-25-000010"
form_type: "8-K"
ticker: "SUN"
cik: "0001552275"
company_name: "Sunoco LP"
filed_at: "2025-02-11T23:59:59+00:00"
generated_at: "2026-05-26T23:20:41.972495+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sunoco LP reports record FY2024 net income $874M, Adjusted EBITDA $1.56B; guides FY2025 EBITDA $1.9-1.95B

## Summary
- Q4 2024 net income $141M vs loss $106M in Q4 2023; FY2024 net income $874M vs $394M in 2023.
- FY2024 Adjusted EBITDA $1.46B (excl. $106M transaction costs) vs $964M in 2023; record fuel volume 8.6B gallons.
- Q4 distribution $0.8865/unit ($3.546 annualized); targeting at least 5% distribution growth in 2025.
- FY2025 Adjusted EBITDA guidance $1.90-$1.95B; growth capex at least $400M, maintenance capex ~$150M.
- Leverage ratio 4.1x net debt to Adjusted EBITDA; $1.3B liquidity on $1.5B revolver.

## SEC filing metadata
- accession: 0001552275-25-000010
- form_type: 8-K
- ticker: SUN
- cik: 0001552275
- company_name: Sunoco LP
- filed_at: 2025-02-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552275/000155227525000010/0001552275-25-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552275/000155227525000010/sun-20250211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552275-25-000010
- JSON: https://secwatch.observer/filing/0001552275-25-000010.json
- Plain text: https://secwatch.observer/filing/0001552275-25-000010.txt

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