Highest-materiality recent filing
Sunoco LP redomiciles from Delaware to Texas, effective July 6, 2026
Redomiciliation completed on July 6, 2026; Partnership now governed by Texas Business Organizations Code.
Sunoco LP Q1 net income $644M, Adjusted EBITDA $867M, distribution raised 6.25%
Net income $644M (vs $207M YoY); Adjusted EBITDA $858M ($867M excl. transaction costs); DCF adj. $535M.
Sunoco LP increases quarterly distribution by 6.25% to $0.9899 per unit
Quarterly distribution of $0.9899 per unit ($3.9596 annualized), up 6.25% from prior quarter.
Sunoco LP closes $1.2B senior notes offering, redeems higher-rate debt
Issued $600M of 5.375% notes due 2031 and $600M of 5.625% notes due 2034 in private offering.
Sunoco LP prices $1.2B senior notes offering at 5.375% and 5.625%; upsized from $1B
Priced $600M 5.375% senior notes due 2031 and $600M 5.625% senior notes due 2034, upsized from $500M each.
Sunoco LP launches $1B senior notes offering to redeem 6% notes due 2026-2027
Offering $500M each of 2031 and 2034 senior notes; proceeds plus revolver borrowings will redeem NuStar 6% 2026 and Sunoco 6% 2027 notes.
Sunoco LP Q4 2025: Adj. EBITDA $646M, DCF $442M; distribution up 1.25%
Net income attributable to SUN was $97M in Q4 2025 vs $141M Q4 2024; full year $527M vs $866M.
Sunoco LP completes acquisition of Parkland Corporation in $12.5 billion transaction
Sunoco acquired all outstanding common shares of Parkland via a court-approved plan of arrangement on October 31, 2025.
Sunoco LP guides 2026 Adjusted EBITDA $3.1B-$3.3B; targets 5% distribution growth
Adjusted EBITDA for 2026 forecast between $3.1B and $3.3B; includes ~$125M Parkland synergies.
Sunoco completes exchange offers for ~92% of CAD and ~99% of USD Parkland notes
C$1.474B of PKI CAD notes (92.2%) and US$2.579B of PKI USD notes (99.2%) validly tendered and accepted.
Sunoco LP Q3 net income $137M, Adj. EBITDA $489M, distribution up 1.25%
Net income $137M vs $2M YoY; Adj. EBITDA $489M (excl. $7M transaction costs) vs $456M.
Sunoco LP completes acquisition of Parkland Corporation; SunocoCorp common units to trade under SUNC
Aggregate consideration: ~CAD$3.458M cash and 51.5M SunocoCorp common units.
Sunoco expects to close Parkland acquisition Oct 31; SUNC units to trade Nov 3
Acquisition of Parkland Corporation expected to close October 31, 2025, subject to customary closing conditions.
C$1.352B (84.5%) of Parkland CAD notes and US$2.564B (98.6%) of USD notes validly tendered and not withdrawn as of Oct 20 early participation deadline.
Sunoco LP raises quarterly distribution 1.25% to $0.9202/unit, targets 5% annual growth
Distribution of $0.9202 per common unit ($3.6808 annualized) declared for Q3 2025, a 1.25% increase from Q2 2025.
Sunoco's acquisition of Parkland receives Canadian government approval under Investment Canada Act
Government of Canada approved the Transaction under the Investment Canada Act on October 14, 2025.
Sunoco commences exchange offers for C$1.6B and US$2.6B Parkland notes; amends credit agreement
Exchange offers cover seven series of Parkland notes totaling C$1.6B and US$2.6B.
Sunoco and Parkland announce HSR waiting period expiration for pending acquisition
Hart-Scott-Rodino waiting period expired September 19, 2025 at 11:59 p.m. ET.
Sunoco raises ~$3.36B in notes & preferred offering for Parkland acquisition
Completed $1.0B 5.625% notes due 2031 and $900M 5.875% notes due 2034; net proceeds ~$1.88B.
Sunoco LP issues 1.5M Series A preferred units at 7.875% for $1.5B gross proceeds
Gross proceeds of $1.5B from 1.5M 7.875% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units.
Sunoco prices $1.9B senior notes (5.625%/5.875%) and $1.5B preferred for Parkland
$1B of 5.625% notes due 2031 and $900M of 5.875% notes due 2034 priced; upsized from $850M each.
Sunoco announces private offering of $850M senior notes due 2031 and $850M senior notes due 2034.
Sunoco LP amends credit agreement to allow $2B cash set-aside for Parkland Acquisition
Amendment No. 3 permits up to $2B of cash reserved for Parkland Acquisition to be netted in Net Leverage Ratio covenant calculation.
Sunoco LP Q2 2025: Adj. EBITDA $464M, distribution +1.25%, Parkland acquisition on track
Net income $86M (Q2 2024: $501M); Adj. EBITDA (excl. one-time) $464M vs $400M in prior year.
Sunoco LP raises quarterly distribution 1.25% to $0.9088/unit, targets 5% annual growth in 2025
Q2 2025 cash distribution of $0.9088/unit ($3.6352 annualized), up 1.25% from prior quarter's $0.8976/unit.
Extended revolving credit facility maturity from May 2029 to June 2030; increased commitments from $1.5B to $2.4555B upon Parkland acquisition close.
Sunoco amends Parkland deal; pro forma 2024 net loss $262M, Q1 2025 net income $106M
Amendment adjusts funding mechanics and proration formula for ~$9.1B Parkland acquisition; all other terms unchanged.
Parkland commenced consent solicitation to amend indentures for its 5.875%-6.625% Senior Notes due 2027-2032.
LC sublimit increased to $250M; amendment permits $2.65B Parkland Acquisition Bridge Debt and $3.4B Backstop Bridge Debt.
Sunoco agrees to acquire Parkland Corporation for CAD$19.80 cash + 0.295 SUNCorp units per share
Per Parkland share: CAD$19.80 cash + 0.295 SUNCorp units; alternative all-cash or all-stock options subject to proration.
Sunoco Q1 Adj EBITDA $458M; announces $9.1B Parkland acquisition and €500M TanQuid deal
Q1 net income $207M ($230M Q1 2024); Adjusted EBITDA $458M ($242M); Distributable Cash Flow $310M ($176M).
Sunoco to acquire Parkland in $9.1B cash-and-stock deal; 25% premium, 10%+ accretion expected
Transaction valued at $9.1B including assumed debt; implied 25% premium for Parkland shareholders.
Sunoco LP director Christopher Curia to retire from board effective May 1, 2025
Christopher R. Curia, age 69, announced retirement from Sunoco GP LLC board.
Distribution of $0.8976 per common unit declared for Q1 2025, payable May 20 to holders of record May 9.
Sunoco LP issues $1.0B of 6.250% Senior Notes due 2033 to refinance debt
Issued $1.0B aggregate principal amount of 6.250% Senior Notes maturing July 1, 2033.
Sunoco offers $750M senior notes; to acquire European terminals for less than €500M
$750M senior notes due 2033 offered; proceeds to redeem NuStar 5.75% notes due 2025 and repay revolver.
Sunoco LP prices $1B of 6.250% senior notes due 2033; upsized from $750M
Aggregate principal $1B at 6.250% due 2033, upsized from initial $750M.
Q4 2024 net income $141M vs loss $106M in Q4 2023; FY2024 net income $874M vs $394M in 2023.
Sunoco LP raises quarterly distribution to $0.8865/unit, targets 2025 growth ≥5%
Quarterly distribution increased 1.25% to $0.8865 per common unit; annualized $3.5460.
Sunoco LP announces 2025 guidance, to present at Mizuho conference
2025 operational and financial guidance issued via investor presentation on Sunoco's website.
Sunoco LP Q3 2024: Net income sinks to $2M; Adj EBITDA surges to $456M on NuStar acquisition
Net income $2M vs $272M YoY ($0.01 EPS); includes large non-cash charges from NuStar integration.
Sunoco LP declares Q3 2024 distribution of $0.8756/unit, payable Nov 19
Quarterly distribution of $0.8756 per unit ($3.5024 annualized) declared for Q3 2024.
Retrospective revision of 2023 reportable segments to reflect post-NuStar acquisition structure.
Sunoco LP Q2 net income $501M record; Adjusted EBITDA $400M excl. transaction costs
Net income $501M vs $87M YoY; Adjusted EBITDA $400M excl. $80M transaction expenses; Distributable Cash Flow $295M vs $175M.
Sunoco LP declares Q2 2024 distribution of $0.8756/unit; record date corrected to Aug 9
Quarterly distribution of $0.8756 per common unit ($3.5024 annualized) for Q2 2024.
Sunoco LP declares Q2 2024 distribution of $0.8756/unit, payable Aug 19
Distribution of $0.8756 per common unit ($3.5024 annualized) approved by Board.
Sunoco added as guarantor on ~$366M NuStar GoZone bonds after merger
Sunoco LP and 14 subsidiaries added as additional guarantors on five series of St. James Parish GoZone bonds.
Sunoco and Energy Transfer form Permian crude gathering JV; Sunoco holds 32.5% stake
Joint venture combines Permian crude oil and produced water gathering assets; Sunoco contributes all its Permian crude gathering assets.
Sunoco appoints Bradley C. Barron as independent director to board of Sunoco GP
Bradley C. Barron appointed to Sunoco GP board effective July 2, 2024.
Sunoco LP to present at J.P. Morgan Energy Conference on June 18, 2024
Sunoco LP (NYSE: SUN) will participate in J.P. Morgan's Energy, Power, and Renewables Conference on June 18, 2024.
On April 22, 2025, Mr. Christopher R. Curia, age 69, announced his intention to retire from the board of directors (the “Board”) of Sunoco GP LLC (the “General Partner”), the general partner of Sunoco LP (the “Partnership”), effective May 1, 2025.
on July 2, 2024, Mr. Bradley C. Barron was appointed to the board of directors (the “Board”) of Sunoco GP by the sole member of Sunoco GP pursuant to the provisions of the Amended and Restated Limited Liability Company Agreement of Sunoco GP dated September 25, 2012, as amended.
On March 22, 2024, Mr. W. Brett Smith, age 64, was appointed to the board of directors (the “Board”) of Sunoco GP LLC (the “General Partner”), the general partner of Sunoco LP (the “Partnership”) by the sole member of the General Partner pursuant to the provisions of the Amended and Restated Limited Liability Company Agreement of the General Partner dated September 25, 2012, as amended.
On April 20, 2022, Mr. William P. Williams, age 85, informed Sunoco LP (“the Partnership”) of his intention to retire from the board of directors (the “Board”) of Sunoco GP LLC (the “General Partner”), the general partner of the Partnership, effective April 20, 2022.
amends Item 5.02 to add information regarding the accelerated vesting of Mr. Ramsey’s Partnership common units upon retirement from the Board.
On March 11, 2022, Mr. Matthew S. Ramsey, age 67, announced his intention to retire from the board of directors (the “Board”) of Sunoco GP LLC (the “General Partner”), the general partner of Sunoco LP (the “Partnership”) effective April 1, 2022
On March 11, 2022 and effective April 1, 2022, Mr. Ray W. Washburne, age 61, was appointed to the Board of the General Partner of the Partnership, by the sole member of the General Partner pursuant to the provisions of the Amended and Restated Limited Liability Company Agreement of the General Partner dated September 25, 2012, as amended.
On December 31, 2021, James W. Bryant, age 88, announced his intention to retire from the board of directors (the “Board”) of Sunoco GP LLC (the “General Partner”), the general partner of Sunoco LP (the “Partnership”), and as a member of its Compensation and Audit Committees, effective December 31, 2021.
Max materiality 0.90 · Median 0.65 · Most common event debt