earnings
confidence high
sentiment positive
materiality 0.80
Sunoco LP Q3 net income $137M, Adj. EBITDA $489M, distribution up 1.25%
Sunoco LP
- Net income $137M vs $2M YoY; Adj. EBITDA $489M (excl. $7M transaction costs) vs $456M.
- Fuel Distribution segment Adj. EBITDA $232M on 2.3B gallons sold; Pipeline Systems $182M, Terminals $75M.
- Quarterly distribution raised 1.25% to $0.9202/unit, fourth consecutive increase; target annual growth ≥5%.
- Completed Parkland acquisition; TanQuid acquisition on track for Q4 2025.
- Leverage 3.9x, trailing distribution coverage 1.8x; total capex $157M ($115M growth).