secwatch.observer — SEC 8-K summary
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Issuer:     Sunoco LP (SUN)
CIK:        0001552275
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001552275-26-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunoco LP Q1 net income $644M, Adjusted EBITDA $867M, distribution raised 6.25%
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- Net income $644M (vs $207M YoY); Adjusted EBITDA $858M ($867M excl. transaction costs); DCF adj. $535M.
- Quarterly distribution raised 6.25% to $0.9899/unit; payable May 20 to holders of record May 8.
- Fuel Distribution segment Adj. EBITDA $529M (incl. $92M inventory gain); 3.8B gal sold at 17.0c/gal margin.
- Pipeline Systems Adj. EBITDA $179M (1.3M bbl/d); Terminals $107M (1.0M bbl/d); Refinery $43M (22K bbl/d).
- SUN leverage 4.0x; $2.2B liquidity; $199M capex ($106M growth). Completed TanQuid acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552275/000155227526000039/0001552275-26-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552275/000155227526000039/sun-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001552275-26-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer