---
schema_version: "secwatch.filing_event.v1"
accession: "0001552275-25-000079"
form_type: "8-K"
ticker: "SUN"
cik: "0001552275"
company_name: "Sunoco LP"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:16:50.165455+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sunoco LP Q3 net income $137M, Adj. EBITDA $489M, distribution up 1.25%

## Summary
- 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).

## SEC filing metadata
- accession: 0001552275-25-000079
- form_type: 8-K
- ticker: SUN
- cik: 0001552275
- company_name: Sunoco LP
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552275/000155227525000079/0001552275-25-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552275/000155227525000079/sun-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552275-25-000079
- JSON: https://secwatch.observer/filing/0001552275-25-000079.json
- Plain text: https://secwatch.observer/filing/0001552275-25-000079.txt

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