secwatch.observer — SEC 8-K summary
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Issuer:     Sunoco LP (SUN)
CIK:        0001552275
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0001552275-25-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552275/000155227525000010/0001552275-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552275/000155227525000010/sun-20250211.htm
  HTML page:      https://secwatch.observer/filing/0001552275-25-000010

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