---
schema_version: "secwatch.filing_event.v1"
accession: "0001552275-25-000040"
form_type: "8-K"
ticker: "SUN"
cik: "0001552275"
company_name: "Sunoco LP"
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T11:45:41.279299+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Sunoco Q1 Adj EBITDA $458M; announces $9.1B Parkland acquisition and €500M TanQuid deal

## Summary
- Q1 net income $207M ($230M Q1 2024); Adjusted EBITDA $458M ($242M); Distributable Cash Flow $310M ($176M).
- Agreed to acquire Parkland Corporation for $9.1B in cash and equity; expected close H2 2025, immediately accretive.
- Agreed to acquire TanQuid for ~€500M (incl. €300M assumed debt); 16 terminals in Germany & Poland; close H2 2025.
- Distribution raised to $0.8976/unit (+1.25% seq); pays May 20; on track for at least 5% annual growth for 2025.
- Issued $1B 6.250% senior notes due 2033; repaid $600M 5.750% notes; leverage ratio 4.1x at quarter end.

## SEC filing metadata
- accession: 0001552275-25-000040
- form_type: 8-K
- ticker: SUN
- cik: 0001552275
- company_name: Sunoco LP
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552275/000155227525000040/0001552275-25-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552275/000155227525000040/sun-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552275-25-000040
- JSON: https://secwatch.observer/filing/0001552275-25-000040.json
- Plain text: https://secwatch.observer/filing/0001552275-25-000040.txt

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